Waveanalyis
Gold 1104 Trading PlanInstead of calling Gold analysis, I would use the term of trading plan or trading journal to record my trades.
So please note: This is a personal journal only, but NOT a trading suggestion. Please control your own risk if you want to follow, we may have different risk preference and position management strategy.
Date: 2020/11/04
No plan, No trading
REMINDER: The marker is gonna be super violate today and tomorrow. I don't recommend all of you to trade at these days.
I am still doing analysis as usual but it's not a trading suggestion.
------------------
Entry reason:
Gold was reaching 1915 this morning and kinda of ranging between 1882 and 1915.
It's super violate today and provide nice opportunity for scalpping.
Right now gold was trying to test the resistence (red line) and if rejected, another drop would come soon.
The election results seems not coming up so quickly so that the violation might continue until the final result appears.
So here's my plan:
Short:
Add sell when a M15 reversal appears at price 1909-1915. TP 1890 1880
Long:
Buy around 1882, TP 1910
XLM - Lumen - AccumulateBITTREX:XLMUSD Accumulate
Analysis Method: Fibonacci & Wave Theory
Cycle Wave 1 & 2 have finally been completed after numerous complex corrections.
Cycle Wave 3 has begun.
Daily Chart Wave Count:
About XLM:
About Stellar
Website: www.stellar.org
The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value. Stellar aims to help facilitate cross-asset transfer of value at a fraction of a penny while aiming to be an open financial system that gives people of all income levels access to low-cost financial services. Stellar can handle exchanges between fiat-based currencies and between cryptocurrencies. Stellar.org, the organization that supports Stellar, is centralized like XRP and meant to handle cross platform transactions and micro transactions like XRP. However, unlike Ripple, Stellar.org is non-profit and their platform itself is open source and decentralized. Through the use of its intermediary currency Lumens (XLM), a user can send any currency that they own to anyone else in a different currency.
Stellar was founded by Jed McCaleb in 2014. Jed McCaleb is also the founder of Mt. Gox and co-founder of Ripple, launched the network system Stellar with former lawyer Joyce Kim. Stellar is also a payment technology that aims to connect financial institutions and drastically reduce the cost and time required for cross-border transfers. In fact, both payment networks used the same protocol initially.
Stellar Stats:
Stellar Price $0.063184 USD
Stellar ROI 2,023.35%
Market Rank #10
Market Cap $1,265,190,806 USD
24 Hour Volume $272,119,784 USD
Circulating Supply 20,023,782,794 XLM
Total Supply 105,403,692,858 XLM
Max Supply No Data
All Time High $0.938144 USD
(Jan 04, 2018)
All Time Low $0.001227 USD
(Nov 18, 2014)
52 Week High / Low $0.284025 USD /
$0.053447 USD
90 Day High / Low $0.100108 USD /
$0.053447 USD
30 Day High / Low $0.087906 USD /
$0.053447 USD
7 Day High / Low $0.064031 USD /
$0.058326 USD
24 Hour High / Low $0.064031 USD /
$0.061145 USD
Yesterday's High / Low $0.062594 USD /
$0.061137 USD
Yesterday's Open / Close $0.061383 USD /
$0.061886 USD
Yesterday's Change $0.000503 USD (0.82%)
Yesterday's Volume $214,910,502 USD
STATS: coinmarketcap.com
Will update.
-AB