XLMBTC trade ideas
Long term basing pattern - preparing for a BIG move !!When I first got back in at the beginning 2020 at 560 satoshi I did not realize yet that it was THE bottom for Stellar !
So I got shaken out of it during the "COVICRASH" in march 2020.
Today I realize that XLM is basing out beautifully and preparing for a BIG move (big base - big move). SIDEWAYS PATTERN FOR ALMOST 12 MONTHS !!
OBV is rising consistently.
Volume is solid also... there was a HUGE volume spike on 13th march when I sold !! That was the panic low ! THIS DATE IS NOT CASUAL and means a lot in occult terms ! 13 03 2020.
RSI is rising consistently and is forming a positive divergence to the (sideways moving) price.
It is time to take a position.
This morning I sold 50% of my VET position after a 100% run and bought XLM with the proceeds.
XLM is one of the chosen ones and its future will be stellar !
XLM/BTC (Holding Above 50W MA)XLM/BTC
-Stellar has been consolidating for a year now
-this has been a long process of accumulation
-it is now holding above the 50W MA
-which signals a potential start of a reversal
-but until we break the top box resistance
-we can not confirm yet the true trend change
-if you are a long term investor
-you can still hold this coin
-but have a stop loss below 564 sat
XLM history repeats? Please feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support.
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Stellar has been trading in this range ever since the beginning of Juli 2019. A breakout is waiting to happen, but in the meanwhile she has given us several nice opportunities to make some profit.
Since November price has gone from below the 100-MA to above it on four occasions. All of which have led to an increase in price. Three out of those for were very nice trades between 19% and 37%. One of them was just a little under 7%.
Price has now once again crossed above the 100-MA and the setup is looking good. Depending on how the day will end, we might see three white (green) soldiers appear.
Entry: now
Target 1: 795 sats (daily resistance)
Target 2: 887 sats (daily and weekly resistance and the top of the consolidation channel)
Mind you though, this is a risky entry as we might also see a further retracement back towards the bottom of the channel. Make sure to set your stop loss.
No financial advice.
XLMBTC 4D: 45% gains setup BUY LOW (SL/TP)(NEW)Why get subbed to to me on Tradingview?
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XLMBTC 4D: 45% gains setup BUY LOW (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more short-term
losses before reversal (BULLS).
🔸 Summary and potential trade setup
::: XLMBTC daily chart review
::: Speculative bullish setup
::: more losses short-term
::: 600 bottom BUY setup
::: 40%/45% gains possible later
::: strategy: BUY LOW 600
::: TP bulls is +45% BUY/HOLD setup
::: buy low near my level and get rewarded
::: TP bulls is 900
::: but reversal soon after from my level
::: good luck traders
🔸 Supply/Demand Zones
::: dem/supp N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BULLISH
XLM keep eye on breakoutTrade the breakout
Aiming for XLM possible easy 10% swing
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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.