Stellar/Bitcoin 4hr Binance...Waiting For That Sweet Spot
Updated
Hello all. While Bitcoin struggles in a No Trade Zone, I have been quietly following a few of my favorite coins to trade. And Lumens is def one of them.
When we hit our targets and take our profits, we look for reload opportunities. Then we step back and look for that risk/reward we love so much.
I have received feedback that my charts can become quite cluttered. For this I apologize, but that is what is takes. With this TA I will focus on a broader look at Stellar Lumens, with only a few basic indicators to help those follow a but easier.
TA Time:
Lookin back at Lumens, we had great runup from some technical pivots and a classic double bottom. Although I do have a bullish and bearish count, I have my eyes on the 50 retrace, under the assumption that we have completed a 5 wave series. I am looking for subdivision in this obvious correction, 3 waves down. I may trade the B wave if I get confluence for higher prices. Until then... I sit and wait
Educational for all...
--longmoney
When we hit our targets and take our profits, we look for reload opportunities. Then we step back and look for that risk/reward we love so much.
I have received feedback that my charts can become quite cluttered. For this I apologize, but that is what is takes. With this TA I will focus on a broader look at Stellar Lumens, with only a few basic indicators to help those follow a but easier.
TA Time:
Lookin back at Lumens, we had great runup from some technical pivots and a classic double bottom. Although I do have a bullish and bearish count, I have my eyes on the 50 retrace, under the assumption that we have completed a 5 wave series. I am looking for subdivision in this obvious correction, 3 waves down. I may trade the B wave if I get confluence for higher prices. Until then... I sit and wait
Educational for all...
--longmoney
Note
If you didn't catch that 50 ride, then you sit and wait. We have potential lower targets in play nowNote
For my TA loversNote
Note
Lower target in play. Careful all. That 50 swing may be all we get for nowNote
Sticking with original count and lower targets for nowNote
Lower target still in play. But Lumens is determining its priceNote
We got a Fib Fight. Trying to get Lumens chart posted soon everyone.Note
Quick Lumens update...Trade closed manually
XLM chart next up. Let's close this one out
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.