XLMBTC weekly: 60% gains BUY/HOLD NOW (SL/TP)(NEW) Why get subbed to to me on Tradingview?
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XLMBTC weekly: 60% gains BUY/HOLD NOW (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BUY/HOLD setup
::: SWING traders only
::: Updated/revised outlook
::: Overall crypto space looks strong
::: XLMBTC weekly chart review/outlook
::: long-term accumulation
::: broke out recently
::: throw back into accum range done now
::: sell side pressure subsiding on weekly
::: DCA near current levels TP bulls +60%
::: expecting 60% gains next 2-6 weeks max
::: BTCUSD likely stays locked in range
::: while XLM will push HIGHER
::: equals to bullish XLMBTC
::: recommended strategy: BUY/HOLD/DCA
::: TP BULLS +60% gains 1400
::: 60% upside for bulls
::: BUY/HOLD setup for patient traders
::: just BUY and get paid, period
::: good luck traders
::: details: see chart
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment outlook short-term: BULLS
Xlmbtc
XLM is good to you !XLM is backtesting the support (former resistance) channel at the moment,
forming a bullish wedge just above support.
You have the time to load up the truck before the rise.
It is almonst synchronized to its big brother XRP, which is doing the same thing.
Don't miss the opportunity; it could be the last one to buy cheap Stellar !
Looking For Pullback Long-term Very Bullish Based on a Fibonacci retracement from the ATH to the low, we can see that price has been moving in an uptrend from level to level. We've made a new high and we are now due for a pullback. This aligns with Bitcoin which looks to be due for a pullback as well, which leads me to believe we'll see price hit the 0.382 level. This is outlined by the orange arrows, the market is very bullish so my other scenario is in green where we go straight to the 0.7 level. It's also important to keep in mind that there is a weekly ichimoku bullish cross looking to happen in the next few weeks which would not only create a large upmove, but would usher in a new bull market for XLM. For this reason and the strength of Bitcoin I'm very bullish for XLM in the future.
XLM I have seen some insane stop hunts on XLM in the last couple of days. Personally, I do not use a stop-loss just for these reasons. This chart is showing the power of the bitcoin dominance comparied to Lumens. bitcoin has broken out again, and will test the previous july, 2019 highs of 13k. If bitcoin does this, I will expect a retest of the xlm lows.
The acquisition or gradual gathering of something (Part 3.)Hello everyone !
I wish you all nice day my dear followers, friends, newcomers and randoom net troll visitors.
We focused on closer on The accumulation of wealth in previous parts
"Accumulation function, a mathematical function defined in terms of the ratio future value to present value
it is literally the process of gradually increasing in amount, or the increased amount"
Now I´m back with quick update.
In my opinion XLM broke out from that accumulation zone and provided us nice 60% run since the previous call.
On the other hand BTC boosted up because of bull divergence on Daily for BTC.D so it dragged down almost all altcoins but that is more than fine !
If you check the analysis you can see that we broke out from the accumulation triangle with solid volume and now we are floating right aboove the resistance.
This could mean that resistance is turning support which is bullish sign and supports the previous XLM ideas.
PART 1
PART 2
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.