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XLMUSD trade ideas

ARIASWAVE MARKET UPDATE - NASDAQ\DOW JONES\10YR\USD\BITCOIN\XLMIn this Market update I continue to cover what is going on in these unstoppable markets. Whether it's up, down or sideways. There is always a good reason for what is currently in progress. Some people say that it will keep going up until it stops, so how far can they throw off the social mood? It depends on who is in control and I think we all know who that is. However these markets forces are driven by nature and will always step in and make one thing clear: You cannot control the markets forever and especially without repercussions. Just go back through history and find out for yourself. This is not the first time that governments and agencies have tried to control and stabilize the markets but it makes a good headline. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
CAPITALCOM:XLMUSD
by AriasWave
10
XLM Update - Stochastic RSI crossing bullish on the Monthly! Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!! People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short term dips/rise. Short term is irrelevant for the move that is coming! You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions! FACTS: 1. Just confirmed a Monthly Dragonfly Doji, which signals "Capitulation" by sellers to form bottom and price reversal!! 2. Stochastic RSI - in 2017 we had a bullish cross and price 86x from there! Present time, we are just about to cross again! Eerily similar in structure! 3. RSI - Price action and RSI are looking eerily similar from 2017 and present time! Will we have another double top?? 4. LOTS OF SIMILARITIES COMPARING 2017 AND 2021!!! BUY TARGETS (We have reached my targets during my last chart, hope everyone listened! Highly doubt we will see these targets again, but buy more if we hit again!): Target 1: 0.22 (corresponds to the 1.618 fib!!) Target 2: 0.12 (corresponds to the 0.618 fib!!) SELL TARGETS: Target 1: 2.51 (corresponds to the 2.618 fib!!) Target 1: 4.01 (corresponds to the 4.618 fib!!) Good Luck! "If you can't beat the fear, do it scared!" "Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet. "Markets are a device for transferring money from the impatient to the patient. - Warren Buffet "Show me the charts, and I'll tell you the news." - Bernard Baruch "The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."
COINBASE:XLMUSDLong
by jaydee_757
2
XLM UPDATE !! OUR PLAN IS THE .50 FIB !! LET'S DO IT !!!What up Traders, Investors and the moonboy Louie's who don't have a cluey! Here is an update on XLM. If you followed my last analysis, I recommended a short down to $.339 which is exactly what I did and it paid off. I made some nice profits and I hope you did too if that was the decision you made. From there, I recommended a buy in the opposite direction when we completed wave 4. I opened up a long a little premature and closed it early since we went $.01 lower than I thought. No big deal, as I reopened an 84,000 Xlm long position once I was confident that the .50 fib held. I'm still long and our first target is the $.425 which is the .382 fibonacci level from our swing high of $.80 to our swing low of $.20. So far my trading plan is going as expected and I expect us to take wave 5 up to the .50 fib which is a perfect measured move of the cup and handle that we are going to break in my opinion. Not only that, using fibonacci extensions and measuring the length of wave 1, it brings us to that target! That's enough confirmation for me. Elliot wave gives us the ability to for see future targets and kind of predict retracements. Since we had such a shallow wave 2, and mean soooo shallow it tells an Elliot Trader that we will have a wave 4 to at least the .50 fib which is why I shorted at $38.5. We also broke a rising wedge and all the pieces came together. Now, I can't see the future and be right all the time, but I am very confident in this trading plan! I'm not your financial advisor nor your crutch in trading. You should all learn technical analysis basics if you want to have any success in trading. I recommend learning the tradingview indicators and learn basic patterns and if you choose to learn Elliot Wave Theory, that would definitely benefit you. If you like my content, please feel free to follow me and drop a comment or like although it's not necessary. I do this analysis because I enjoy helping people. If I'm wrong, than I would suggest that you learn yourselves. Let's make this money$$ and crush this market!! Once we hit the .50 fib, there will be a huge juicy short opportunity that I will share with you all. Good luck guys and happy trading!!
COINBASE:XLMUSDLong
by mfibbs
5