XLMBTC - Ready to takeoff? XLM has always been in the spotlight with its partnership with IBM and the constant back and forth with Ripple on which tech is better. After hitting abysmal lows near 2959, XLM has rebounded nicely with the rest of the altcoin market and finds itself right up against resistance for the fifth time in the span of 2 months. After breaking its long-term downtrend line with volume, Stellar has retested the trendline and continued higher with an increase in volume. Seeing that this level of 3320 has been tested numerous times, the likelihood of it breaking are increasing with every attempt. However, entering a trade at resistance is never recommended, therefore waiting for a pullback down to the FIB level below or even back down into the demand level would yield better R:R.
MACD has turned positive slightly and the RSI continues to creep higher showing positive signs. With the potential upcoming listing on Coinbase, XLM is positioned better than most altcoins to provide substantial returns in the near future.
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Stellar Lumens Opportunity Comins Soon!Hello Guys,
I have been watching XLM from the start of the descending channel demonstrated and we have exited the descending channel so in the next rally I expect XLM to bring us 20-30% gains at least however I still see it going down and I think we might come and bounce from the descending channel where I have opened the long position, from the price of 0.00002934 and if this will be the start of the next crypto rally we can ride the waves to 0.000036 BTC area.
We have bearish divergence on EWO but the room inside this trend is getting smaller so I expect the last dump to take place and we will get out of the bearish trend and we should expect a wave up after that, so lets keep tight and wait to see where the last dump will take us ;)
Good Luck, Traders! #moon #mooncommunity #turtlestyletrading ;)
Be a turtle my friend © Farhad Jafarov
XLMBTC Stellar is almost done consolidating in a symmetrical triangle. The target of the trianglein case of a break out to the upside is in the chart, however I think it will go a little bit above to 0.0000937 sats.
This is not a financial advice. good luck trading.
Stellar Finding Support on it Symmetrical Triangle POLONIEX:STRBTC has recently been seeing its self in a symmetrical pattern formation lately. It has been bouncing off the bottom support and rallying up to the resistance with high forming wicks. Most of the volume however is inside the normal pattern of the symmetrical triangle.
We know that a symetrical triangle forms:
Higher Lows
Lower Highs
Entry position above and below the formation
Right now stellar is moving between the horizontal zones that are forming its current support and resistance. Look for a more bullish movement in the next coming days after recently making a higher low.
What do you think will happen to stellar? I would love to hear your opinion in the comment sections below!
STELLAR/BITCOIN ANALYSIS At the 1 day timeframe we observe a pennant in the form of a symmetrical triangle, which has been formed since the beginning of the year.
We are waiting for the breakthrough of one of its edges: open your positions according to the direction of it. Consequently, place the stop-loss in the opposite direction.
XLM potential future significant appreciation vs BTCHello all,
On a previous post predicting a price drop of XLM I got some criticism from some who were using recent advanced in XLM as a reason that the price wouldn't drop. That's fine, I appreciate the few comments that I get on this site. What I said at the time (and I called the price decline accurately but a little early) was that everything corrects and as I was uncertain about the wave count of XLM I was going to cash out and wait.
What I also said was that I agreed with his bullish view. Yes XLM has a strong dev team and has been making strong progress and is ideal for sending payments. Also, a lot of platforms are adding XLM, adding XLM / USD, tether and other fiat pairs that will enable this - along with a potentially being added to Coinbase What was holding it up was the general uncertainty in the market then and now. If you have been watching XLM closely over the past few months you will notice that it hasn't given back its gains easily, far exceeds BTC in percentage growth on every bounce, and has been oscillating in a tightening range.
There are a lot of zoomed out TAs online at the moment encouraging to give everyone perspective. This one will also hopefully show bow big the upside is for XLM and help people make a very profitable trade. If you buy XLM with fiat in the coming days and both my XLM and BTC TA pans out. You will have +100% gains vs BTC and BTC will be worth close to twice wht it is now for a 300%+ gain. I'm not sure about you but I could sure use a solid win in crypto recently.
Caution, There was a significant move of wave 4 into wave 1 territory. I tentatively accept this and this hasn't changed my view on XLM.
Protect those funds people and good luck. I have only been doing TA for the last 8 months, am not a professional, but am also not silly enough to think that my posts can influence the market. There are a number of assumptions I have made in arriving at this, including that BTC is hours away from finding support ~$6200 and that this will be the first signal of the end of the bear market (a few other conditions need to be met though - but the bull run and upper trend-line break should make it clear to everyone by then). Disclosure, I hold a reasonable amount of XLM and intend to buy more very soon - tonight if not tomorrow.
STELLAR: TRANSFERTO PARTNERSHIP - PROFIT = 19.82% !!!Our "Crypto Bottom" Trade Indicator has identified a buy in point on the 11th of July 2018.
Using this buy in point and selling at today's peak price, you would have expected to net 21.95% PROFIT!!!
The increase in price may also be explained by positive developments including:
March 8: Stellar announces a partnership with Keybase (who have created a general set of cryptographically secure tools (chat, file storage, git)
March 19: Stellar notifies intention to integrate lightning network into its protocol.
March 22: Kik notifies intention to use Stellar as a platform for their KIN tokens.
April 17: Novatti Payments (Stellar's anchor partner) integrates with Stellar's blockchain platform.
April 27: The MobileCoin ICO a Binance backed ICO that uses the ‘Stellar Consensus Protocol’ to facilitate mobile payments. Stellar is able to get a foothold in the mobile payment market allowing users to send and recieve money through instant messaging services. This provides publicity to Stellar 0.00% as a platform for initial coin offerings (to compete with Etthereum as a platform for ICOs)
April 27: Lumenette mobile wallet that allows users to send Lumens to anyone on their personal contact list via phone/email
May 1: Bitfinex (cryptocurrency exchange) lists Stellar Lumens.
May 12: Morph Wallet supports Stellar Lumens.
May 12: Chinese government announced the introduction of a blockchain rating system and now the 28 projects that will be rated are known. One of these projects is Stellar .
July 10: StellarX, the first full-featured trading app for Stellar’s universal marketplace is released. StellarX allows users to trade all types of assets fiat, crypto, bonds cheaply and quickly while maintaining sole control of their private keys. All network fees are automatically refunded.
July 10: Stellarport ( a fast, intuitive and reliable portal to the Stellar Decentralized Exchange) announces ZERO FEE trading.
July 10: LOBSTR Stellar Wallet is released.
July 12: Stronghold (financial institution that uses the StellarOrg Distributed Exchange) Announces $3.3 Million Seed Funding Led By Freestyle Capital.
July 14: Coinbase announces that it is exploring the listing of Stellar Lumens on it's platform.
July 14: Global money transfer service Tempo has announced it is launching its cryptocurrency payment network on the Stellar platform, a move that is expected to make transfer rates more affordable. Through the Stellar network, Tempo can process 600,000 transactions for a fee of roughly $0.01 U.S.
July 17: Stronghold (financial institution that uses the StellarOrg Distributed Exchange) announces that Stronghold USD will be used to explore payment settlement and foreign exchange with IBM Blockchain.
July 17: Stellar announces that it is the first distributed ledger protocol to receive Sharia compliance certification in the money transfer and asset tokenization space.
July 25: TransferTo announces that it is partnering with Stellar.org. Under this collaboration, financial institutions and partners of both Stellar.org and TransferTo will benefit from the combined network coverage, and be able to leverage new technologies to send and receive money more efficiently to more than 70 countries.
The price increase is the result of a recovery in the overall crypto markets and the positive developments highlighted above.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
XLMBTC Looks Stellar Closing Out A Big Volume WeekHave to imagine I'm not the first person to think of that ;) lol. Anyways, from a 4-hour chart, XLM looks like it's ready to head higher after consolidating for a few days. With a Squeezes coiled on 30-minute, 2-hour and 4-hour charts I'm looking for XLMBTC to retest the previous high (.00004380). First, it will need to clear the 50% extension at .00003957. From there, the move could fail at .00004056 and .00004199.
Looking at this from a daily perspective, XLMBTC looks very much like Bitcoin and rest of the crypto market: tightly coiled and ready for a big move:
Wrapping up the week today at 7:00 CT (my time) XLM closed out a week with the most volume (at least on Binance) that we've seen since the first week of the year:
With that said, you should take a stoic type approach to it; it neither good or bad, but worth mentioning/observing. Here are two different scenarios I see as to why:
Scenario #1: IBM Announcement of new "stablecoin"
Scenario #2: HODL'ers finally selling after 'HODL'ing' through the entire downtrend, not being able to bear the pain any longer, finally throw in the towel with the recent rally.
Scenario #3: Most traders are seeing the same thing: Bitcoin and the crypto market appears to have bottomed.
I as I'm sure you and everyone in the crypto market are ready for the bears to get the hell out of the way, but I'm still not ready to move all my chips back onto the table. Most of the crypto market still seems to be in " Tether Denial" as nearly all signs are pointing to fraud, but still, no official word has come out on that yet. To me this is the ticking time-bomb we're all walking past every day, smiling as we pass, knowing in the back of our minds when this thing goes it's likely to be ugly for the market at least in the short-term. I only mention this because it makes me have trouble being overly bullish the entire market longer-term until there's complete transparency on how they (Tether) operate.
I was recently discussing the market with a friend who also trades and we were both imagining the possibility of Bitcoin breaking the downtrend and how things would play out.
The scenario I told him I could see happening with a break higher was a double-top to cap off the year at 20,000. Is this going to happen? No clue. Bitcoin and the rest of the market still have a lot in their way before that's even on the horizon, but it's fun to think about :)
What are your thoughts? Are we going on a bull run or are bears about to bring the pain?
***Clicking "Like", "Follow" and Commenting Are Idea/Post 'Compensation'...and motivation to not be lazy and do these more often;) *** Thanks!
SINCE IBM IS INVOLVED, WE CAN NOW SHORT STELLAR!Hey guys,
I am long on IBM - see my previous/related posts, I believe it's undervalues at the moment. If you are bear on stocks, a brilliant hedge trade would be shorting NYSE and long IBM - or just long IBM if you think stocks bull run will continue.
Anyways, back to cryptos, I am looking into a short XLM position now while everyone is kind of hypnotised with recent developments of XLM! If you caught the last XLM bull wave, congrats but now could be the time to short the mesmerised crowd! $$$
Watching it closely at the moment! Might short the spike, watch out!
A Stellar RecoveryXLM quickly broke through all the barriers that had been holding it back and the price rose substantially.
To top it off - even as BTC has pulled back - XLM has not seen the correction.
We are moving sideways at .31 - it appears like we will in the near term - bump up to .36 where we either continue to climb or we pull back to .31 again.
The case for buying for Stellar has always been strong - but its performance during the last few days has shown confidence in the asset - and amazing returns from a "top 10" coin.
XLM is still very much a buy at this position - the market is begining to look bullish again and that can only bode well for XLM.
A big dayBecoming Sharia compliant: wow. Does it change anything for us? No... but it gives potential access to another 1.6bn people on this earth. Yesterday we witnessed one of the biggest days for XLM in the last 6 months. Now let's consolidate and rise slowly back to old and new high's.
Today:
Confirmation of the new range 0,24 to 0,27?
Breaking 4000sats?
BTC breaking $7500?
Fingers crossed!