XLMUSD : one more wave up before correction ?
Hi guys,
Someone asked me to post an update of XLM. Right now MACD seems to show sign of an eventual consolidation, which is healthy for a more long term sustainable bull trend (correction = new opportunity of entry for new holder which will be holding at the current value they bought preventing XLM to go lower or make less lower lows instead of a classic pump and dump).
I made a count calibration and we have differents pathways, if trend :
A) stay between B1 and B2 channel, we going to impulse at Point 4 directly to point 5
B) broke B2, we must expect a extended flat correction pattern which will need an update. But still we can project the way it could go.
Normally (please note that cryptos are not normal) after a 5 wave up we normally see an extend bearish flat correction with big retracement. For the uninformed, its gonna be the end or the world. For the informed we know that TA is about fractals which refer to quantum concept. This concept illustrate that everything is a part of something bigger. Our current 1-5 point wave up which normally lead to a proportionnal retracement may be smaller wave of greater wave to come ex. : this 1-5 waves could be a part of the wave 1 of a greater 1-5 waves. Cool, seems so easy right ? But for market, this concept must be conjugated with the human factors which apply the natural selection rule. Humans emotions/sentiments will determine which chart will see this quantum rule true. The natural selection im talking about is a concept where us, as part of this market, will choose which currency will evolve and the others disappear. In every early stage of every form of life, many species ("cryptos" in our case) develop but just some with special caracteristic survive. So, the positive sentiments given to a currency and is technology will reflect in the demand/offer notion in which the price fluctuate proportionnally. These fluctuations will make the fractals and quantum concept true. This bring us to a paradigm where someone see the market as part organic and part logic.
We have a beautiful exemple with our universe. Where speed, gravity, mass quantity, etc, is about logics and maths, and where life cannot be explained with a quantitative point for view.
These is how i see and understand the market. The understanding of human behavior is as much profitable as knowing TA, in fact, they are completing each other.
Someone asked me to post an update of XLM. Right now MACD seems to show sign of an eventual consolidation, which is healthy for a more long term sustainable bull trend (correction = new opportunity of entry for new holder which will be holding at the current value they bought preventing XLM to go lower or make less lower lows instead of a classic pump and dump).
I made a count calibration and we have differents pathways, if trend :
A) stay between B1 and B2 channel, we going to impulse at Point 4 directly to point 5
B) broke B2, we must expect a extended flat correction pattern which will need an update. But still we can project the way it could go.
Normally (please note that cryptos are not normal) after a 5 wave up we normally see an extend bearish flat correction with big retracement. For the uninformed, its gonna be the end or the world. For the informed we know that TA is about fractals which refer to quantum concept. This concept illustrate that everything is a part of something bigger. Our current 1-5 point wave up which normally lead to a proportionnal retracement may be smaller wave of greater wave to come ex. : this 1-5 waves could be a part of the wave 1 of a greater 1-5 waves. Cool, seems so easy right ? But for market, this concept must be conjugated with the human factors which apply the natural selection rule. Humans emotions/sentiments will determine which chart will see this quantum rule true. The natural selection im talking about is a concept where us, as part of this market, will choose which currency will evolve and the others disappear. In every early stage of every form of life, many species ("cryptos" in our case) develop but just some with special caracteristic survive. So, the positive sentiments given to a currency and is technology will reflect in the demand/offer notion in which the price fluctuate proportionnally. These fluctuations will make the fractals and quantum concept true. This bring us to a paradigm where someone see the market as part organic and part logic.
We have a beautiful exemple with our universe. Where speed, gravity, mass quantity, etc, is about logics and maths, and where life cannot be explained with a quantitative point for view.
These is how i see and understand the market. The understanding of human behavior is as much profitable as knowing TA, in fact, they are completing each other.
Comment:
Seems to follow the projection!
Comment:
Point 4 have been reach as expected with an 3-ABC-4 incremented pattern
Comment:
it seems that XLM want to go vertical too !
Comment:
XLM is in a bearish run !!! H line is our last stronghold!
Comment:
bearish run with a 1-5 wave probable might touch 0.12 lvl as the wave 5 tight up your belt !