EDUCATION Market cycle and patterns journey of XLM
Update to market cycle analysis with known patterns for educational purposes from the bearish perspective. It has to be noted that, what comes from this hour on forwards, could be well depended also from the macro forces on the market ( BTC 1.39% movment, and roadmap).
Start from the Pink text box and work your way down.
I have charted down
- few parts of market cycle with red bubble
- Major and minor bearish downtrend lines
- and multiple Patterns ( Broadening wedge , bearish pennant ,etc)
For reference about red text bubbles use this link. onemint.com/2010/06/30/wall-street-cheat-sheet-psychology-of-a-market-cycle/
Let me know what you think about my interpretations....all ideas and comments are welcome..remember Kaizen (continous education will make us great)
Start from the Pink text box and work your way down.
I have charted down
- few parts of market cycle with red bubble
- Major and minor bearish downtrend lines
- and multiple Patterns ( Broadening wedge , bearish pennant ,etc)
For reference about red text bubbles use this link. onemint.com/2010/06/30/wall-street-cheat-sheet-psychology-of-a-market-cycle/
Let me know what you think about my interpretations....all ideas and comments are welcome..remember Kaizen (continous education will make us great)
Note
Up or than down to next buy zone
Note
Education continues:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.