My TOP10 project list - pick number 8/10We are now entering the last 3 top picks of my list.
These are no micro-caps anymore. These are solid blue chips that are already in the top30 of the overall crypto market.
Whereas I am only allocating 1% to the previous tokens (1-7) because they are highly speculative, I have allocated 14% of my crypto capital to this project.
No presentation needed for this project. It has been around since 10 years and will have its piece of the pie. There is no doubt in my mind about that.
The technical analysis is screaming "bullish": look at the Monthly chart ! Every time the RSI has crossed the SMA (simple moving average) - GOLDEN CIRCLES at the middle section of the chart, the price has dramatically increased (1st Feb 2017 - 1st Apr 2020 - and recently 1st May 2023).
The RSI cross is the first, early signal. There is a 2nd validation signal, that is the MACD (Moving Average Convergence Divergence) indicator. The PINK CIRCLE at the bottom of the chart. When this indicator make a cross momentum picks up steam. This indicator flashed on 1st July 2023 right before the news that Ripple had won in court agains the SEC (13th July 2023).
So, whatever people may say, Macro interest Rate narrative, Looming Recession, ... whatever ... WE ARE IN A BULL MARKET FOR XLM !! No doubt about it !!
Can there be an important correction / crash / drawdown of 50% ? Sure ! We have to be ready for whatever black swan event shows up. However it would probably be short lived and would not change the bullish overall momentum of this coin.
Hold steady. Be strong. XLM is in for extraordinary gains !
Worldreservecurrency
Petro Dollar - A controlled Demolition 🇺🇸 🛢 💸 Petro-Dollar chart to illustrate the inevitable collapse of the current world reserve currency:
The U.S. needs cheap oil prices for the dollar to remain competitive globally and to retain the world reserve currency status 🇺🇸 🛢 💸
They accomplish this by controlling oil production globally, flooding the market with oil products, while synthetically increasing our reliance on the product.
When oil prices get too high, it taxes other countries who need to trade their currency for dollars in order to buy oil 🛢 making these dollar transactions very expensive.
If oil prices can't be negotiated lower, then they need to cause a financial crisis to weaken the dollar to make it cheaper to transact in. They create this liquidity by inflating the currency 🖨 i.e. "Quantitative Easing."
If Trump & the BRICS Nations cut ✂️ the oil supply, the FED would soon bleed out as the dollar melts upward and runs out of liquidity. They'd be forced to cause yet another collapse and hyper-inflate the dollar away 💵 to make transacting in it competitive again. Risk assets would soar under these conditions, ending with the pop of the everything bubble.
The Great Reset.....
a planned demolition.
It's called the world reserveGold investors have taken a pummeling so far this year.
The SPDR Gold Shares exchange-traded fund, which tracks the price of bullion, is down 5.3% in the year.
Many precious metals investors would have found that disappointing especially given that there is widespread belief that gold is believed to be a long term hedge against inflation. And yes, inflation has been rising this year, hitting a recent high of 9.1% in June and falling to 8.5% in July.
Gold continued its recent struggles on Friday to set a new two-year low after a slew of central banks followed the US Federal Reserve in raising interest rates to cool inflation.
Gold’s decline comes on the back of a rallying US dollar, which touched a 20-year high, curbing demand for the greenback-priced metal. Benchmark 10-year yields also jumped to their highest since April 2010, further dampening demand for bullion.
“We’re seeing relentless dollar strength here and that’s going to keep gold vulnerable in the short term,” Edward Moya
XLM - bullish under every angle !!XLM is bullish under every angle I look at it !!
Most bullish is the BTC pair - long 2 year consolidation.
Bullish on XRP pair - see my previous post on XLM XRP ratio.
Bullsh on USD pair with a big beautiful inverse Cup & Handle formation.
We are just about to shoot up to the neckline of the inverse C&H where the THIN ZONE on a price by volume perspective starts !!!
XRP - time and volatility compression !!Bullish wedge just above the handle (of the C&H formation) is pointing to 1.80 $ - 10th September on a time scale.
Historic Volatility Indicator is showing volatility compression into the 10th of September 2021.
I suspect we will have resolution around 10th to 15th September 2021 followed by a melt up out of the bullish wedge.
XRP - ARE YOU SCARED ???`!!Things are looking like the end of the world is near !!
XRP was down about around 50% at one moment in the day !!
ARE YOU SCARED XRP ARMY ??
I am not ! It is not the first time they have tried to scare you out !!
XRP has recently broken out against Bitcoin - and it still is above former important 3000 sat resistance !!
FEAR NOT !! IT WILL COME BACK WITH VENGEANCE !!
When in doubt - zoom out !!
XLM - long base big move !!XLM Stellar is poised for a big move !!
It has been basing against bitcoin for about 24 months - or 2 years !!
Big base - Big move !!
In USD we are making new 2021 highs at the moment !
Above 1250 - 1350 satoshi it is GAME ON BIG TIME for XLM !!
Do not waste this opportunity !
I am positioned and raised my position by 30% last week when XLM was around 50 cents.
XLM will do great in the following months !!!FORGET ABOUT BITCOIN !!!
This chart suggests that XLM has a lot of room to grow against Bitcoin !!
We are getting to the end of a TWO YEARS EXPANDING BULLISH WEDGE
forming a beautiful multi year basing pattern of Stellar Lumens against Bitcoin.
With Altseason that has just begun this is one of the coins to be in during the following months / years.
XRP - B U L L I S H ! !I can see the same pattern across the bord !!
Altcoins are looking very bullish to me !
Refer to my previous post on AltCoin Market as a total - breaking out above ATH recently....
Even on XRP there is a huge cup and handle pattern !!!
Look at the OBV - on balance volume - since 2017 and through the whole bear market OBV held up steadily and consistently !!! This means a huge hidden divergence !!!
B - U - L - L - I - S - H - ! - ! - !
XRP - notice any pattern ??Non XRP holders are laughing, saying this was just a pump & dump fake out !!
XRP holders are whining, asking themselves "why didn't I sell at 75 cents again ??
What if XRP is ready to shoot up and test ATH ??
Do not say I am delusional ! I just calculated the projected price objective of the inverse H&S pattern.
I am not very good at it, but if I am not mistaken, it should be around 8106 satoshis - or at around 3 USD !!
Let's watch this carefully and not loose the sight of the broader picture here !!