Stellar has been a stellar ride, but sadly all good things must come to an end. Following the previously define fractal I watch for a breakdown and target the red boxes for covering. If it plays out all the way through perhaps there will be a new cycle in 2019.
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In the process of breaking down. Position is secured.
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Took some profit here. 4h and 1h RSI are getting very oversold and Bitcoin potentially looking ready for a retrace. Should bounce eventually and then cool off for a bit before it begins its next leg down.
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Barely nipped the target zone. Bitcoin did end up pulling back, but it had minimal effect on altcoins
I think it will hold . stoch RSI forming a double bottom on the 1 hour chart
mostly_george
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@GeorgeAlexe, might get a bounce for better entry .
Beastlorion
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@GeorgeAlexe, idk, maybe. Definitely not a good idea to be holding right now though. Waiting for a better entry is never a bad idea, but probably too late for that.
mostly_george
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@ajdourgarian, i got in at 4350 minor bounce . ready to watch it sink
cryptocents
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@GeorgeAlexe, Story of my life. I been holding, got in higher...
cahizda
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short XLMBTC ... so dangerous...
sicopenes
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Thanks ajdourgarian, you're the best in this field
snakeat3r
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Lots of guys pretending to be the best chartists, famous ones, they have like 50/50 success rate, some even are in the negative.
But this guy almost always nails it! (I say almost but I don't really remember him being wrong)