What's up trader's, investors and moon boyz!! After further digging, I've realized that a huge bearish possibility might be arising. Looks like $31 held and
we are heading up to the $.38 area. Beautiful descending wedge and our 5 waves down are complete on the subwave. There is not another wave 5 down!!!
That might come weeks or even a month from now if we are indeed bearish. The Gartley is in play also until further notice. You should all be sitting in nice profits right now whether we are bullish OR bearish. Now is this a wave 2 up or will we continue up? If this bearish scenario plays out it will follow my WXYXZ analysis. I only labeled it differently on this chart so you guys can understand where we might be as of now. I've decided to post 2 charts with both scenario's instead of shoving everything into 1 chart therefore confusing you guys. The bullish chart will come soon. As of now, let's ride this wave up to at least $.37 or more. I will always keep you guys updated. Some people may say, "I thought you said this a bullish Gartley and we are going up to $.54 or more." Well, be sure to look out for my bullish chart in the next few hours and you will see why that play was smart and why I bought at $.31 and $32.8 . Nothing is ever confirmed bullish until we break out of this bearish diagonal side movement. I'm trying to keep you guys in the loop so you don't lose half your portfolio and can profit in the meantime even if we are bearish. That way we can make $$$ and buy back lower when we realize if this is a wave 2 or not. Nothing is ever guaranteed and you should all have your stop losses set. Keep an eye on the $.37-$.42 area you will all be fine. Anyway, I'll have the new bullish chart up soon. Happy trading guys and good luck!!! Oh, and for the people that go on tradingview and follow my analysis or anyone else's and decides to make a buy because I said we are heading possibly to $.54, and then you don't watch what's going on and decide to look at your crypto a month later! Shame on you!! These are idea's and not your financial advisor who has a crystal ball.
we are heading up to the $.38 area. Beautiful descending wedge and our 5 waves down are complete on the subwave. There is not another wave 5 down!!!
That might come weeks or even a month from now if we are indeed bearish. The Gartley is in play also until further notice. You should all be sitting in nice profits right now whether we are bullish OR bearish. Now is this a wave 2 up or will we continue up? If this bearish scenario plays out it will follow my WXYXZ analysis. I only labeled it differently on this chart so you guys can understand where we might be as of now. I've decided to post 2 charts with both scenario's instead of shoving everything into 1 chart therefore confusing you guys. The bullish chart will come soon. As of now, let's ride this wave up to at least $.37 or more. I will always keep you guys updated. Some people may say, "I thought you said this a bullish Gartley and we are going up to $.54 or more." Well, be sure to look out for my bullish chart in the next few hours and you will see why that play was smart and why I bought at $.31 and $32.8 . Nothing is ever confirmed bullish until we break out of this bearish diagonal side movement. I'm trying to keep you guys in the loop so you don't lose half your portfolio and can profit in the meantime even if we are bearish. That way we can make $$$ and buy back lower when we realize if this is a wave 2 or not. Nothing is ever guaranteed and you should all have your stop losses set. Keep an eye on the $.37-$.42 area you will all be fine. Anyway, I'll have the new bullish chart up soon. Happy trading guys and good luck!!! Oh, and for the people that go on tradingview and follow my analysis or anyone else's and decides to make a buy because I said we are heading possibly to $.54, and then you don't watch what's going on and decide to look at your crypto a month later! Shame on you!! These are idea's and not your financial advisor who has a crystal ball.
Comment:
We are on our way to $.38 or higher to finish the C wave of wave 2 up of wave 3 down. I reopened a 40000 Xlm long position at $.312. Wish me luck and I hope you guys didn’t get shaken out on the retrace of the b wave.