XLMUSD - We Are Trading A Bull Trap Wave D...
In this video, I delve into fresh analysis which is also applicable to Bitcoin (see related ideas below), employing wave patterns as a guide.
While maintaining a bullish outlook is acceptable, it's crucial to stay vigilant against potential bull traps.
Additionally, it's essential to bear in mind that significant market surges often stem from substantial stimulus, which hasn't materialized yet.
The extraordinary performance of Bitcoin may have skewed our perceptions, but it's important to remember that such significant movements typically occur across all cryptocurrencies simultaneously, which hasn't been the case.
This, I believe, explains the current situation.
Nevertheless, there are still opportunities for profit, and we're currently engaged in this trade with a revised target of .2737.
Importantly, I'll continue monitoring the wave patterns to anticipate these movements as they unfold.
ritical support at this stage remains at the low around .1068.
While maintaining a bullish outlook is acceptable, it's crucial to stay vigilant against potential bull traps.
Additionally, it's essential to bear in mind that significant market surges often stem from substantial stimulus, which hasn't materialized yet.
The extraordinary performance of Bitcoin may have skewed our perceptions, but it's important to remember that such significant movements typically occur across all cryptocurrencies simultaneously, which hasn't been the case.
This, I believe, explains the current situation.
Nevertheless, there are still opportunities for profit, and we're currently engaged in this trade with a revised target of .2737.
Importantly, I'll continue monitoring the wave patterns to anticipate these movements as they unfold.
ritical support at this stage remains at the low around .1068.
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