- is considered a 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 cross on the weekly!
Buy Targets: 0.27 (Correspond to the 0.618 fib golden pocket!)
Target Sell: $5-6!!
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: https://alternative.me/crypto/fear-and-g...
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, DOGE. 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!
"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
As much as I am bullish on Stellar as a project, this is not what I am basing that on. This pattern can easily become double top, and it looks like one on normal scale.
Stellar moves on news, manipulation or Bitcoin not really chart patterns.
Whole movement is basically spike due to one of the above and then decline as profits are taken, then another spike and repeat, repeat, repeat...
Stellar will move on its own when IBM multinational pilot project gives good data and large institutions begin adopting it, before then it can fall or rise.
News, Manipulation or Bitcoin are three different things not just news. Show me the charts and I will tell you the news is sharp... very sharp. Hope you are making money with that strategy. No pun intended.
As I pointed out you are using distorted scale - bad idea. Here is how XLM actually looks -
You are making predictions that do not appear on the normal scale charts, your targets are in the sky.
@mfibbs, XLM moves mostly on manipulation, you can see that from the volume, sometimes that volume happens to be form generally good news on crypto. But mostly its large volume up -> sell and buy the dip, getting ready for the next leg.
Although - yes we have general uptrend, it is maintained by institution level pumps