Looking good. Wicked back into the triangle and tested 100 ema daily tf. Then bounced and regained the uptrend outside the triangle. I think we go up from here. Just not in a straight line obviously.
Crypto MMs love to make us buy when a coin is looking strong and our analysis shows a break like this one on XLM where the triangle pattern broke up. Then sell off the coin trapping noobs or forcing traders to sell.
After the break out I noticed that XLM didn't pump as it should've because most crypto traders would have seen this move and entered into a long position.(and I know a few that did) Rather XLM just stayed flat, so I kinda knew something was not right.
But still hold my position and not selling as this is all just MMs shaking people. They are ruthless. I also noticed that demand wicks in crypto currencies are usually the Best Buy signals especially after a bloody sell off. GL everyone Big Mike loves you and he loves XLM.
Crypto MMs love to make us buy when a coin is looking strong and our analysis shows a break like this one on XLM where the triangle pattern broke up. Then sell off the coin trapping noobs or forcing traders to sell.
After the break out I noticed that XLM didn't pump as it should've because most crypto traders would have seen this move and entered into a long position.(and I know a few that did) Rather XLM just stayed flat, so I kinda knew something was not right.
But still hold my position and not selling as this is all just MMs shaking people. They are ruthless. I also noticed that demand wicks in crypto currencies are usually the Best Buy signals especially after a bloody sell off. GL everyone Big Mike loves you and he loves XLM.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.