Lumens Long...Waiting For That Technical Entry ;-)

BINANCE:XLMBTC   Stellar Lumens / Bitcoin
Lumens had a great run up this month. For approximately six days we went from 3900ish to 5800 satoshis and some change. Not bad at all.

I have a slightly different count than other analysts regarding where we stand with Stellar Lumens--but our destination is the same. Up...
I am eyeing an area around 1618/175 projection for the highest probability zone for where, potentially, I could see my 3rd wave reaching--approx 8000 satoshis. For those that have that first attempt at an impulse in their count, targets are only slightly higher, around 8500. Unless its your position to not be so flexible, this is a good example of how sometimes a slightly different subwave count in the end does not make much of a difference long term.

Now with that said, could we just head up from here? Absolutely. That would cause us to rethink our analysis and relabel. Good trading is about minimizing risk because we will be wrong more than we are right. We will miss trades (like my ETH entry ;-)) and be stopped out. For me, and this is my opinion and technical strategy, I'd like to know that I am wrong as soon as possible. So that I can adapt my trade.

I'd like to see an attempt up (b wave) followed by more healthy correction and lower prices. Which I propose we will need in order to break through huge upside resistance and higher targets. I am expecting some volume from the 5000-5200 range for those bulls who are still trying to ride this up now. Longmoney is not one of them at the moment.

As always, trade wisely. And don't use my information for investment advice. Only education ;-)

Ideal Entry - 4600-4800
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden