FACTS ARE IN THE CHARTS! Still Bearish short term until we have confirmation! Buy all the dips! FOr XLM, buy within the red box (handle). Do not let the elites win this time!
A BULLISH CUP AND HANDLE IN THE MAKING!
Meaning: Cup and Handle - is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long. BREAKOUT IS MEASURED BY THE DEPTH OF THE CUP MOVING IT TO THE NECLINKE OF THE BREAKOUT! Get ready to buy the dip!
2017 and 2021 pattern looks EERILY SIMILAR in structure! Bots buy Confirmation using mathematical indicators/confirmation! Awaiting confirmation on the Stochastic RSI cross on the weekly!
Buy Targets: Between the handle (Red Box) Target Sell: $6-7 !!
IN HISTORY, THE BEST TIME TO BUY BTC AND ALTS ARE WHEN THERE ARE FEAR IN THE MARKET. WE ARE CURRENTLY IN "EXTREME FEAR" IN THE FEAR AND GREED INDEX: alternative.me/crypto/fear-and-greed-index/
Money flows like this: FIAT > BITCOIN > LARGE MARKET CAP COINS > MIDDLE MARKET CAP COINS > SMALL MARKET CAP COINS > back to FIAT, and the cycle starts again.
I have moved majority of my BTC and diverse them into different altcoin positions. (ETH, HBAR, GRT , XLM , XRP, NEO, SNX , BNT, BCH, ADA, LTC, BTMX, LINK, BTT, ENJ, AAVE, FORTH, and NKN are the some of the altcoins I am moving BTC too).
Get ready to have an explosive Altcoin season just like what happen in the 2017 bull market. Once my sell indicators hit, I will be selling my positions to buy real estate, a lambo ;) , and moving the rest to Ethereum to Stake it!
Good Luck!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
Over all is bullish long term though. It will be awhile though
mfibbs
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It’s not bullish. Don’t be fooled. The triangle your looking at is the wrong triangle. It never broke out. Wave 4 done with wave 5 to go. Now this is not confirmed. Just my take. Lots of people will be fooled. If we don’t close above $.41 on daily, I’m most likely right
jaydee_757
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@mfibbs, thats why I states bearish in the short term. We need cofirmation on the weekly. If you see my other chart for XLM/USD, it hit all my fib levels. I can see it going to .28 again before rising hard.
Chitichitibangbang
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@junie757, what is your time frame?
mfibbs
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@junie757, me too , my target is at least .30 or lower. I believe we will have a final low of about $.12 in about a month. We broke 2 channels when we were up around $.60. One was an ascending wedge which measured us down to $.28-$.30. Th second channel was our bullish trend channel that broke at $.48. That channel break has a measured move down to $.12. Now we won’t get there now. In the end I believe this will be a WXY correction. ABC down to our area now or lower. Then an abc up to .5 fib or .618 as an X wave and finally when everyone is screaming for the moon, a nasty ABC down to $.12 to finish the WXY correction. Just my take and my analysis that I have here on TradingView. Whatever happens I’m prepared.
UnknownUnicorn8194338
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i agree with you👍
jkartinos
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I cant read this well. your red box is that the ..36-.40 price. I just sold at .45 after a .36 buy yesterday. my first crypto trade for 3k. I like that since the stock market has bled me dry