XLM/BTC next profit zoneHello dear traders, today we will look at stellar lumen and its bitcoin trading.On the chart you can see the formation of a pattern falling wedge, which is an indicator of bullish market.To help you understand a pattern better, we've done an illustration to get a better gear.On the graph you can see where is the exact place to get a profit + 200%.
Remember that trading for cryptocurrency is unpredictable and can always turn downwards.
Every investment and every trade is a risk, so you should always do your own research before making any decisions. We do not recommend investing money that you cannot afford to lose.
Xlmbtc
IBMs Stellar rises over falling-wedge, first time in 9 monthsStellar, a digital asset classed and international transaction-system is managed by International Business Machines Corporation (IBM) and performed badly against the Bitcoin. But for the first time in three consecutive quarters Stellar has risen out of the falling-wedge in which is was falling for longer times. It is to early to call this the bottom, but the movement out of the falling-wedge suggests time's are changing for IBM's first cryptocurrency.
XLMBTC has formed bullish BAT | Upto 519% gains expectedPriceline of Lumen / Bitcoin cryptocurrency has completed the formation of bullish BAT and entered in potential reversal zone.
Stochastic is oversold.
MACD upto 3 weak chart is turning bullish:
The next candle stick can be closed sideways within the potential reversal zone and soon from this PRZ area it can take bullish divergence soon insha Allah.
I have defined targets using Fibonacci sequence:
Buy between: 0.00001461 to 0.00000837
Sell between: 0.00002951 to 0.00005186
Regards,
Atif Akbar (moon333)
XLM - Buy when there is blood on the streets Thanks for viewing,
XLM is near to multi-year lows, but there are signs of support.
This is my count, a count that applies to a lot of altcoins that despite showing some bullish action earlier in the year, are now re-testing the lows of 2019. Another possible count is that the big rise and fall-back (not yet to >100%) is wave 1 and 2 of a bigger new move up. Both counts are bullish, but bullish to different extents. Still, there is strong bullish RSI divergence, MACD histogram ticks to the upside, the MACD moving averages are below the zero line but have crossed over and are heading upwards. I see enough fundamental and technical reasons to start buying - and I think I am very lucky to be able to buy at such low prices. Fundamental reasons like:
- Recent news from Stellar allows staking as a way to support the network as well as gain extra airdrops on Binance - Over $750,000 in airdrops to be given away over the next month and a bit. There is other good news for XLM (it will take a lot of XLM off the exchanges to earn airdrops).
Also XLM has two good use cases:
- Tempo as a platform built on the Stellar network with a very good chance of challenging the high cost, slow, international remittance industry www.stellar.org 600,000 transactions can be sent for USD 0.01. That will be most welcome news to all those who lose 10-20% of their funds sending them home from overseas. These fees are so low as to be effectively free.
- Stellar as an ICO platform. Developers who want to launch a token or ICO on the Stellar network don't need to learn a new coding language (like "solidity" to launch on ETH) but can use common coding languages already in use. ICOs can be launched within days.
- My BTC count also points to the BTC correction as being complete. BTC has dramatically out-performed most alt-coins this year but I would expect that to change if BTC re-starts its bullish momentum while alt-coins have undergone significant consolidation. I am taking a position in XLM buying both in USDT and BTC.
Protect those funds.
$XLM #XLM Stellar - Pls SirLooks like a bottom, smells like a bottom, tastes like one too... I don't trade bottoms though...
"I never buy the bottom, and I always sell too early" - Jesse Livermore
If we can get above the red box, I'm a believer in alt szn (kind of a joke)
Even if Peter Brandt's current narrative of 80% decline in Total Market Cap comes true, the top coins could still rise
If this happens, I would expect the beginning of the end for 95% of the scam projects in this space, and the thriving of the remaining 5%
Do you think you'll be holding one of the coins in that 5%?
"Dot com bubble as the narrative" - Peter Brandt
Seriously though I wouldn't touch any alt coins with a 10 foot pole until further confirmation of where the market is headed
When alt/btc pairs pump while btc/usd dumps, you must question whether or not you should even be in the market... Why? Because even if your argument during these types of movement is "Well my goal is to accumulate more BTC, not USD"... You can usually make more BTC by just holding a stable fiat/USD position (i.e. not being in the market), and just purchasing more BTC for less dollars after BTC drops, but with much less market exposure and much easier to apply Risk Management