Plotting possible bull cycles for Stellar, this is under the assumption that a death cross will bounce the price up as can be previously seen, which then led to a golden cross. It can be seen there consistently is an 'initial pump' which leads to a larger pump. Will this occur again? If so I have plotted the initial pump on chart. Happy Trading!
I 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...
Recent listing of Stellar 9.80% on BitcoinIra and the ongoing talks to acquire blockchain startup Chain could be the catalysts to move us up to next highs. A reversal may happen anytime soon. Two probabilities shown in the chart. Goodluck! www.benzinga.com fortune.com
So im really trying to be as realistic as possible here... Ive mapped out the STRBTC chart dating back to around OCT 2017 when the the last uptrend began. Im a long term bull.... HOWEVER.... in the near term I see a short opportunity as stellar completes the C wave correction after this small 5 wave structure we had to end the major correction from early 2018....
Resistance levels (Profit Targets): 0.00004590 0.00005147 Stop loss: 0.00004240 Have a nice weekend, Berk.