Long

Stellar - $XLM / $STR - Rounding Bottom - Symmetrical Pattern

Updated

The best time to buy is now!

#XLMBTC / #STRBTC: I'm LONG / BULLISH position up in (BLACK BOX) Fibonacci retracement (1.382% /1.618%) . I expect that XLMUSD STRUSDT will rise up.

This would mean that STELLAR LUMENS will gain more 500% - 1000% - 1500% of its current value against BTC before it can down.

What is the right way? Looking for relevant timeframes, with patience and planning, NO DESPERATION.

No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.

Trading is all about spotting emotional excesses either to the downside or the upside. You want to be on the right side of those emotional reactions and not the wrong.

If you want to win in this market, you need to be COLD and CALCULIST

To the moon is too close, go beyond

Well, keep you updated as this timely issue evolves.

Good luck!

#CRYPTO #XLMBTC #STRBTC #ALTSEASON2020

#altcoins #bitcointrading #BuyTheFear #BuyTheDip

Comment

Rounding bottom

A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.

This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence. Ideally, volume and price will move in tandem, where volume confirms the price action.

Trade active

#XLMBTC / #STRBTC: I'm LONG / BULLISH position up in ( BLACK BOX ) Fibonacci retracement (1.382% /1.618%) . I expect that STRUSDT will rise up.

Trade active

Comment

Rounding bottom

A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.

This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence. Ideally, volume and price will move in tandem, where volume confirms the price action.

Comment

Volume falling along with price, which according to the technical analysis principles tells us that this movement is just a correction before a larger movement in favor of the trend.

Comment

Advanced Breakout on OBV
OBV Feedback System

OBV gives the most reliable feedback around tests of major highs and lows, making it a perfect tool to measure the potential for breakouts and breakdowns. It’s a simple process, comparing the indicator’s progress to price action and noting convergence or divergence relationships. This gives way to many key predictions:

OBV hits new high while price tests resistance: bullish divergence, predicting price will break resistance and surge higher, playing catch-up.
Price hits new high while OBV grinds at or below the last resistance level: bearish divergence, predicting the rally will stall or reverse.

OBV hits new low while price tests support: bearish divergence, predicting price will break support and surge lower, playing catch up.
Price hits new low while OBV grinds at or above the last support level: bullish divergence, predicting the sell-off will stall or reverse.

OBV matches price action, higher or lower: bullish or bearish convergence, depending on direction.

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