the final sell-off might be over now or in due time, I suppose.
I see only two scenarios, which are most likely at the moment…
Scenario 1 – blue line (chance 65%)
xlm will crack against a significant fibo-cluster at 0.12 and then we will see an uprising. Maybe xlm is already starting, but we are not safe until pushing through 0.21. So be careful now!
Scneario 2 – red line (chance 35%)
Xlm is building the last impulsive wave down for a final sell-off to the region between 0.04 and 0.02 and will turn its direction form there massively.
So or so, I believe, that we are in the final cascade of the correction-pattern!
@hjschaap,
Maybe, but afterwards I see a high potential on the upside!
Will_Wortel
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@tradingguideonline, Yes but it depends on the movements of Bitcoin. It is the king of the village... And I'm seeing a very long sidewards movement. Check my TA about BTC long-term.
HK-Capital-Management
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@hjschaap,
It is very likely, that BTC will moving sideways a longer time, bevor starting up. So, you are right, I suppose.
HK-Capital-Management
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@tradingguideonline,
Patience is the key, AND: don't lose interest. Sideway movements are dangerous, because most traders lose interest in such phases, and then are missing the entrys.
InvestingScope
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We have 0.1277 as the potential bottom.
HK-Capital-Management
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@InvestingScope,
When looking at my chart, I see exactly that (blue line)! But if 0.12 doesn't hold, we will see much deeper courses!