XLM Next Low Then Parabolic Continuation?
Updated
XLM has been wanting to correct heavily this entire time but BTC traders keep pushing the entire market up. It is definitely artificial, the question is why? Why keep raising the price of BTC if it is going to crash in the end? Are they hoping to buy in raise it 5% for a profit then crash the coin? That sounds like something institutions or whales would do, so that is what I am planning on. However, everything is going to point to a price, and trend reversal up until the very moment it doesn't. Just like when XLM pushed hard to .54 and fell off a cliff...
I still think we have a reversal coming but I couldn't honestly say when it would happen, or what the local peak would be. I have my eyes set on .43 and .45 as the next high, from the low of .31, with a retracement back to: ____. I want to say .31 but I only knew we were going to hit it once due to the fractal of retracing 47% from High, before moving forward. Usually that happens right before the next pull back, if that is the case, and although we hit it once already then it is possible that we hit the ~.32 range and then immediately setting off to the parabolic rise again.
TL:DR Next High: .43 - .45, next low before Parabolic continuation ~.32.
What do you guys think?
I still think we have a reversal coming but I couldn't honestly say when it would happen, or what the local peak would be. I have my eyes set on .43 and .45 as the next high, from the low of .31, with a retracement back to: ____. I want to say .31 but I only knew we were going to hit it once due to the fractal of retracing 47% from High, before moving forward. Usually that happens right before the next pull back, if that is the case, and although we hit it once already then it is possible that we hit the ~.32 range and then immediately setting off to the parabolic rise again.
TL:DR Next High: .43 - .45, next low before Parabolic continuation ~.32.
What do you guys think?
Note
This seems to have been 100% correct. There is potential range to the ~.32 range, but it does seem more likely that .35 was the "Average" low that has been the consistent point of reversal. You may consider taking the risk at the next local high, which seems to be most likely around the .4 range, and counting on the "true bottom" of .32 but that is a risk at this point. For all intents and purposes the retracement has completed, and the parabola will resume from this point forward.
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