$XLM looking like it wants to go up.
From a pure TA if we consider that we're in a symmetrical triangle, if we break by the top, the target could be 77 satoshis -> which would be ~$1 if BTC is close to $14'000
This will not be achieved in 1 day, several days/weeks.
The buy signal will be:
- triangle exit by the top
- significant volume kicks in and stays
- RSI down right before the breakout
Be patient, take some profits after +10% and +20% and let the rest run.
If the triangle breaks by the bottom, it's BAD, next support at 4350sat.
Follow me on twitter to have all my thoughts and TAs: twitter.com/Blockchain_rekt
Some tips:
Don't engage too much on this trade, less than 5% of your trading portfolio is in general a good %.
Only trade what you can lose. Take profits and place stop losses.
Disclaimer:
This is not a financial advise or a buy recommendation, trade a your own risk, in this highly risky market.
From a pure TA if we consider that we're in a symmetrical triangle, if we break by the top, the target could be 77 satoshis -> which would be ~$1 if BTC is close to $14'000
This will not be achieved in 1 day, several days/weeks.
The buy signal will be:
- triangle exit by the top
- significant volume kicks in and stays
- RSI down right before the breakout
Be patient, take some profits after +10% and +20% and let the rest run.
If the triangle breaks by the bottom, it's BAD, next support at 4350sat.
Follow me on twitter to have all my thoughts and TAs: twitter.com/Blockchain_rekt
Some tips:
Don't engage too much on this trade, less than 5% of your trading portfolio is in general a good %.
Only trade what you can lose. Take profits and place stop losses.
Disclaimer:
This is not a financial advise or a buy recommendation, trade a your own risk, in this highly risky market.
Trade active:
I'm not seeing the breakout by the bottom. We'll have to see in the coming days if it gets back in the triangle and continues the pattern. Keep waiting.
Trade closed: stop reached:
Don't enter the trade. We saw exactly what we did not want to see.
That tells you how risk to enter before a confirmation.
Great we did not get in.
That tells you how risk to enter before a confirmation.
Great we did not get in.