XLMBTC - Anticipating Elliott Wave - 3 around 570
Updated
Seeing strong Elliott signals in XLM. A lot of people are going long and targeting too high for the initial signals. I'm anticipating a 3 signal around 570-590, with a retrace to the high 400's, before heading up to 700-715 to complete the pattern.
Note
Looks like we topped out at 570 and are on our way back down. Targeting 485-490 before heading back up. Stay tuned.Note
Looking good so far - bottomed out around 470 and on our way back up. May top out at the 5, but I'm looking to exit between 750-800.In at 386 - an exit at 772 would double up the entry.
Trade closed manually
Lost the support on the way to the 5. Price is hovering in the 470-500 range with new support lines around 465. I'm holding for now with a stop loss at new support. Watching for a breakout or breakdown in the next 36 hours.
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