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Triangle Wave

Stellar Lumens Repeating Itself | LONG XLM | TA & FATECHNICAL ANALYSIS: Lumens seems to be following this same trend with triangles forming. Based on what I can tell from previous behavior and patterns, I think that Lumens will increase and test .32 or potentially even .42 by the first of the year. If I had to stop put a stop limit, I wouldn't because I will HODL as I believe in the fundamentals of Stellar Lumens. FUNDAMENTAL ANALYSIS: I have been investing with Lumens for some time, and am excited about the prospect of revolutionizing banking in Africa. On a personal level, I am not such a fan of bringing banking to Africa, as I recognize the adverse impacts it has had on the American society, and am not the biggest believer in Capitalism. That notwithstanding, and with the hope that bringing banking to cultures/communities/people that have not had it in the past will do some good - especially if it can in anyway reduce corruption and mass genocide, I believe that Lumens have a huge upside in bringing business to people that could previously not receive remittances. Their prospective and legitimate partnerships, on whatever level they are actually occurring, with IBM and Deloitte are also attractive and the concept of bringing blockchain to big business with actual utility is incredibly intriguing. Couple this with the Founder, Jed McCaleb being a first mover in the Crypto Space with Mt. Gox, and being an originator of Ripple, I have full faith/belief in the potential of Stellar if it is adopted by the main stream. Only time will tell which of these Blockchain based Cryptocurrencies will survive, and I am betting big on XLM. __ Decentralization = Good (more like 'centralization = bad') Their are many others that are interested in Lumens being a 'truly' decentralized cryptocurrency as compared to it's older brother (if you will) Ripple, but this is relatively inconsequential to me. Eventually, pessimistic as it may be, I think that world-powers will grab onto Crypto and regulate it..whatever that may look like, so Lumens being decentralized versus Ripple being perceivabley centralized is largely irrelevant to me. I am not discounting this opinion; however, and appreciate how this panders to purists relative to my investment strategy. I am a fan of this as well, just not my biggest drive home point for investment. :) __ My underlying principle when evaluating Blockchain projects is what value does it have? How will this fundamentally improve society? If I cannot answer this question, I try to avoid investing. __ FULL DISCLOSURE: I am not a trained technical trader, nor a CFP or CFA. Please do your own research, do your own trading | investing, do your own due diligence. I am long XLM. __ THANK YOU: Thoughts, commentary, ideas, or discussion are welcomed. Likes and follows are cool to. Thanks for taking the time. :)
BITTREX:XLMUSDLong
by opsaltd
11
LTC/BTC Looks Ready To Moon Right Now BUT....LTC BITFINEX:LTCUSD is looking like a breakout is coming BUT we need another leg down to complete the D-E within the triangle. This analysis is marked Long because I simply see this as a buy setup. Hourly LTC BITFINEX:LTCUSD RSI matches our A-D so far throughout the triangle on all time frames which is one of the biggest mistakes traders miscalculate when thinking a A-E is forming. This leads me to believe we need this last leg down. We have had some heavy sell pressure on the ₿TC pair directly above our current range as seen with the volume profile on the right, overall sell pressure has been dominant on top of the triangle but will tire out with one last completion of the wave for a strong sturdy rally out of it. All of this is dependent on ₿TC's pair dominance in the market as with all alt coins , but our larger caps are starting to see separation the last 30 days from BTC's dominance. (See XMR and ETH also) I expect an almost perfect Tom Demark hourly 1-9 on this D-E as shown in the last B-C creating a perfect buy setup as long as our RSI and volume indicators such as the ADX and OBV match the current levels we are seeing on all time frames, below is the hourly ADX (yellow) and OBV (blue). Always use stop losses even on non-margin trades, in this case it would be set directly below the Ichimoku cloud (Kumo) bottom. (Leading Span 2) Again, keep an eye on BTC's dominance, BITFINEX:BTCUSD I recommend adding a BTC overlay on your LTC BITFINEX:LTCUSD chart to watch for pair divergences when entering this trade.
Long
by Nick_Core
6
Gold Possible Triangle Formation (Elliott Wave Analysis)After the previous article in which I discussed how Gold might be moving in a 3 legged correction, it achieved the target 1 mark and then started moving hesitantly in a sideways fashion, now it seems that the correction might have taken a complex structure and quite possibly a Triangle. Please note that this can also be some form of complex flat structure however as of now the possibility of a triangle seems more likely. I will update further as this market progresses.
FX:XAUUSD
by NeeravYadav