Hello guys.
This chart is XLM related and it should point out the buy/sell interest. (Classic market cycle)
It is very simple ...
At the beggining when the price went sideways (2016-2017) there were no sellers and Interest increased
It was followed by massive pump where most sellers appeared and took their profits.
The sell interest increased massively and buy interest is really low at that point.
As price keeps dropping down so are sellers running out of coins to sell.
So sellers are during the time decreasing but people which want to buy in with the decreasing price are increasing so is Interest
I think XLM reached the point where interest at such price is much bigger then the amount of sellers and the price should react on it.
In practice it means we should start bull trend here. The chart below is copy of previous fractal for easier visualization of the sellers/interest (In perfect world it could copy the trend but this is crypto)
In the previous chart I made write up on the XLM fakeout - breakout and retest of the downtrendline
It is part of this TA so I do recommend you to take a look at chart below.
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
This chart is XLM related and it should point out the buy/sell interest. (Classic market cycle)
It is very simple ...
At the beggining when the price went sideways (2016-2017) there were no sellers and Interest increased
It was followed by massive pump where most sellers appeared and took their profits.
The sell interest increased massively and buy interest is really low at that point.
As price keeps dropping down so are sellers running out of coins to sell.
So sellers are during the time decreasing but people which want to buy in with the decreasing price are increasing so is Interest
I think XLM reached the point where interest at such price is much bigger then the amount of sellers and the price should react on it.
In practice it means we should start bull trend here. The chart below is copy of previous fractal for easier visualization of the sellers/interest (In perfect world it could copy the trend but this is crypto)
In the previous chart I made write up on the XLM fakeout - breakout and retest of the downtrendline
It is part of this TA so I do recommend you to take a look at chart below.
-------------
Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Comment:
Part 2. (fancy charting)
Comment:
Trade active:
a little update for this one
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