Correction after strong drop. October 11BTC dropped So did Stellar.
Now we can trade the retest of 3700 zone.
STRBTC
Counter trend trade. October 8. STR stacked in 3700.
It looks bullish on daily.
It makes higher highs but still nothing extraordinary.
BTC goes up.
So we can try this trade. There is some room for growth
Corrective circle. October 4Consolidation before fall.
Alts are struggling. There is no steam left to make higher highs. Bitcoin also exhausted.
The new 3-Days session. [XLMBTC]The price has found the 7EMA line support, so this point can be excellent moment to open the long-term position in the range from 3500 to 3700 or between 30EMA and 7EMA. I don't think that we will see anything impressive in this month so there's no need to hurry and buy right now, buy XLM every dip that's a more effective way to buy this great digital asset.
TF: 3-Days;
The MACD is trading above the centerline but with lack of trading volume I expect a small decline in price in the near future.
The RSI > 50, the sign of uptrend.
The EMA lines: 7EMA - Support, 30EMA - Support, 100EMA - Support.
ENTER: 3500-3700
PT: 5k and higher.
GL Traders!
STRBTC Poloniex Buy and Sell (Scalper)Red = Sell Target
Green = Movement
Blue = Shadow Area
Orange = Uptren
There is a possibility for the beginning of an uptrend in STRBTCTechnical analysis:
. STELLAR/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002990 to 0.00002840). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002990)
Ending of entry zone (0.00002840)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000332
TP2= @ 0.0000348
TP3= @ 0.0000366
TP4= @ 0.0000388
TP5= @ 0.0000426
TP6= @ 0.0000463
TP7= @ 0.0000497
TP8= @ 0.0000585
TP9= Free
There is a possibility for the beginning of an uptrend in STRBTCTechnical analysis:
. STELLAR/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002990 to 0.00002840). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002990)
Ending of entry zone (0.00002840)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000332
TP2= @ 0.0000348
TP3= @ 0.0000366
TP4= @ 0.0000388
TP5= @ 0.0000426
TP6= @ 0.0000463
TP7= @ 0.0000497
TP8= @ 0.0000585
TP9= Free
$XLM / $USDT is quite predictable. North signal?Stellar / USDT has gone through my red cloud which appear as wick that trying to break it up but being pulled back. RSI level shows the north area is still intact. I still believe that Stellar project is one of the best project out there that deserve whatever they got until today. The leading person on this project was also involve in Ripple project (XRP) and the famous controversy exchange, Mt.Gox.
But rather than HODL for my entire life, as a trader i love to trade the bottom and top price action from time to time as a reward of my believe on a project that profit me on the best way possible and possibly as much as i wanted.
ParLE appear at the nearest price bottom which cause a 30% gains from that level, plus it is a quite good support.
I'm more bullish on XLM right now, but fundamentally and technically. The percentage of my bullishness and bearishness is 80/20 which mean i'm still betting it goes up.
Target level will be around 0.3 or until the ParSE signal appear on top of that.
but for additional information my 20 percentage of bearishness is considering about Bitcoin movement price which is about the ETF and etc, I hope everything good happen which I think $6000 -5700 is quite support for bitcoin the whole year. But we never know what will happen and what whale think off as some predicting the bottom will be aroun $3000 - $4000
Trade safe!
Stellar preparing to play out the weekly pattern. September 19Stellar made higher high breaking the previous lover lows down trend cycle. Its still downtrend globally on a daily and weekly.
I assume that the next stop will be 3550-3600 area as a short term target.
Also i can suppose the the Weekly pattern will play out and we will see the higher highs on weekly.
But it all depends on BTC.
The same situation is observed with other alts/btc pairs.
I will try to post one more idea about BTSBTC.
Stellar Take Off - Massive Potential Gains Over the BitcoinThroughout its lifetime, Stellar has established a solid uptrend against the Bitcoin, unlike most altcoins, which continue to lose heavily to BTC. It is clear that price producing higher highs and higher lows and the Stellar next bull run could have started.
What is the reason behind such statement? Well, the price has stuck within the triangle as STR/BTC rejected the uptrend as well as the downtrend trendlines. At the same time the new cycle, based on the Fibonacci Time Zone indicator, has just begun.
Considering already established long-term uptrend, the probability that it will continue remains higher than the reversal to the downside. It could be a little premature to say that Stellar consolidation has ended. But the confirmation of that could be the break above the downtrend trendline and then the 127.2% Fibs resistance at 4200 satoshis.
When/if such breakout occurs, the uptrend is very likely to continue, which could result in strong gains against the Bitcoin.
Resistance levels to watch:
4,200 satoshis
7,200 satoshis
10,000 satoshis
13,000 satoshis
16,000 satoshis
All the resistance levels correspond to the Fibonacci retracement levels, where the final upside target is seen at 16,000 sats area, that is x40 potential from the previous low at 360 satoshis.
It is also worth mentioning that Stellar has a clean bounce off the 61.8% Fibonacci retracement level at 2590 satoshis, back in March this year. Price might potentially get back to this area once again prior to moving higher, but all-in-all the trend remains heavily bullish with a very bright future for Stellar.
Stellar (STRBTC) 100% Profit Potential from 2018 ATHI have been keeping my eye on STRBTC ( POLONIEX:STRBTC ) and it has recently closed within important historic zones of 3100-3200 satoshis. The clouds are starting to fade away and the bulls are starting to come out and play.
I am posting this trade idea to show you how str/btc is aiming for the stars in this stars and stripes set up.
There is potential to double your income for the POLONIEX:STRBTC marginal trading pair.
Right now we have the fist indication of a Bullish engulfing candle. Forming on the 1D chart.
Candle 1: Close:3033 Open:3091
Candle 2: Open:3033 Close:3199
Candle 3: Open: ? Close: ?
What is a Bullish Engulfing Candle?
The Bullish Engulfing Candlestick Pattern is a bullish reversal pattern, usually occuring at the bottom of a downtrend and usually consist of either 2 or 3 candle sticks.
Smaller Bearish Candle (Day 1)
Larger Bullish Candle (Day 2)
Confirming Bullish Candle (Day 3)
The bearish candle real body of Day 1 (yesterday) is usually contained within the real body of the bullish candle of Day 2.
On Day 2 (today), the market gaps down; however, the bears do not get very far before bulls take over and push prices higher, filling in the gap down from the morning's open and pushing prices past the previous day's open.
The power of the Bullish Engulfing Pattern comes from the incredible change of sentiment from a bearish break down to a large bullish real body candle that closes at the highs of the day.
With huge potential for POLONIEX:STRBTC to retest the All Time High, can you imagine what will happen if the bullish engulfing candle is confirmed and pushes it inter-stellar?
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Use recurring patterns to help better predict movementsThe highlighted yellow in the chart shows a recurring pattern before it hits the resistance line and subsequently bounces off.
Use any techniques like this to help astablish a large patterns future points.
In this example it has helped show that the last point of this ABCDE wave. My expectations are for this to go long now.
Use this price for a nice buy in or wait for breakout later.
If buying in now I would have a stop just below the resistance line.
Corrective upward movement STRBTC trading in high resistance zone. The sellers are exhausted.
On a graph you can see the situation from my point of view.