I had enough.
I had used so many types of indicators and even subscribed to buy sell indicators. Lost money in most of it.
I was thinking, what if I could come up with a simple method, that could automate my thinking in buy and sell the coin.
I am too scared of using trading bots, as I don't have enough balance to put in flame. Hence this automated buy and sell...
I fully expect a pan sell off of equities, commodities and crypto on the 13th or soon after. I'm selling 1/4 of my crypto holdings at the top of the channel and plan to buy for last time at bottom of the channel. After this final sell off I think we will be officially off to the races.
Dear Traders, Nice to meet you.
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I go on vacation from July 13-15.
Charts can be posted from the 16th.
To make it more stable sideways, you need to make sure you can move between the uptrend...
So we overreached the first target slightly and since dropped just as fast again, but we are still above a support level. No we do NOT want to see that green support get broken because that could trigger more selling pressure. If some were wise enough to take some profit at the yellow circle and still believe in the bullish version, this would be the spot to add...
Looks like a good text book bearish wedge, volume picture looks good as well. The red resistance zone was a former support zone. In my few previous analysis about XLM' i mentioned a hidden strength in this altcoin. It's still above the 2018 low, but the higher low pattern is weakening a bit and in combination with this bearish the chances are bigger that it makes...
What can I say, I'm a fan of Stellar... Have been for years, but have never posted an idea. Long overdue, for sure. That said, I think it is reasonable Stellar could retrace back up to the blue box level, given how well it did in 2017. Overall, I like the concept and certainly the price point for new crypto adopters will flock to this coin...
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...
Trend analysis with volume profile for easier Stellar fractal tracking on log. chart
That would nead approx. $196.5 billion MC
Can a single sh*t coin even reach it ? Its literally current total crypto market cap (to date 19.12 2019 Market Cap: $193 193 956 922)
Someone painted a pennant.
Bull target should be length of pole. This pattern occurs often in cryptos and, even though this is a log chart, the rule seems to work well. That puts us around $4 to $5, so let's say $4.20 in honour of Elon Musk.
Max. bear target will be base of pole. Pretty low, can also take a long time getting there.
Not really sure of this...
second line of parabola isnt confirmed just yet... xlm bounced at the .618 before clearing out the fractal.. although xrp has the daily 100 ma sitting pretty on xrps 618 retracement in the middle of a maribuzu candle offering strong area of support to confirm a line two and have a friendly continuation to a bullish parabolic structure to 26-28cents.