BTC/XLM XLM touched support, perfect for a short term swing trade, possibility for quick 35% profit within one week. Also forming a symmetrical triangle, I expect an breakout at the end of the triangle, buy XLM in the red box.
Short Buy: 3500 sats Sell: 4800 sats Long Buy: Within red box Sell: 8000 and 10.000 sats (fib extensions)
This is not financial advice. If you have any feedback or remarks, please feel free to comment below.
Second: I would love to know how you are determining the length of your buyzone. Does it have to do with the fib levels?
Third: Don't you need at least a third confirmation to determine trends and channels? I see you start at the top on January 3rd, then pass by January 25th, but then there is no confirmation of the trend.
But again thanks for sharing. Everyone has their own way of doing things and I'm just trying to understand yours. Have a great day!
Second: I would love to know how you are determining the length of your buyzone. Does it have to do with the fib levels?
Third: Don't you need at least a third confirmation to determine trends and channels? I see you start at the top on January 3rd, then pass by January 25th, but then there is no confirmation of the trend.
But again thanks for sharing. Everyone has their own way of doing things and I'm just trying to understand yours. Have a great day!