MiyaMusashi
Long

Will XLM push higher?

BITTREX:XLMBTC   Lumen / Bitcoin
It looks like we may have put in a sub-wave 1 of a larger third wave structure. I'll be waiting for a pullback to the 4900 level before initiating a long position.



Full disclosure, I'm a newb so don't trade based on my TA.

Also, critique is always welcome. :-)

Happy trading!
Trade ist aktiv:
Bounce of the .618. Impulsive move up.
Trade wurde manuell geschlossen: Stoped out. BTC brought down the whole market.
I'm shorting now. This double top is very similar to the one that happened in the spring. I believe the hype is mostly over for XLM and it will experience a large downtrend. I just finished shorting Ripple which had similar hype and it has produced a similar pattern like it did in the spring.
+1 Antworten
MiyaMusashi philrego
@philrego, you could be right, there are a lot of traders suggesting the same thing. I rode the XRP wave all the way up, missed out on XLM so maybe it's just wishful thinking - we'll see what happens. I'll have a tight stop loss just in case.

Thanks for the comment!
Antworten
philrego MiyaMusashi
@MiyaMusashi, sounds good. I'm going to be careful too your ta may be right if the trend is still intact
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