Long

Updated

XLM-BTC the beast has been awaken

pump cycle of XML has started again
it has just broken out of the falling wedge with CONFIRMED volume

is it ideal time to buy in? if you like to buy in a +10% chart , then do it. If NOT, wait for it to cool down by using 30 min chart and jump. This is just the start so don't feel that you have missed the fun

P.S: this is NOT financial advise

Note

XML is pausing now. IF ( i say IF) the price stall there pretty long without going up, there is a high chance that it will retrace back to the break out zone .

Note

the beast MIGHT also decide to have one more leg up before deciding to retrace. IF it does so, the highest price it can go will be in the pointed zone

Note

coinbase announces to explore at listing XLM

Note

bearish divergence has been spotted on 4hr or below but not on above 4hr.As stated above, the max of this rally should be around 0.000036 or lower, then XLM will start correcting. The correction is the chance to load for this bull :)

Note

this baby needs to retrace :)

Note

look like correction has started :).OH YEAH

Note

overextended on stellar's price now. Momentum has decreased but price keeps trying to go higher. Bearish div on lower timeframe too
Eventually it will drop :)

Note

correction is coming

Note

touching LAST bearish trendline

Note

same for USD version. it is not the LAST with usd, there are a few above (near each other) but those are in Log version. First , we need to see how xlm reacts to the nearest line first

Note

I will be shocked if we don't have any kind of reaction at these long-term resistance line :)
The only red things I see are :
- rsi oversold (not a matter during strong bull)
- and these resistance lines

No bear divs at all

Note

remember that this is just the START. if you don't have any position now, just don't look at stellar for this week because i expect a cooldown (red mode) for coins pumping during weekdays. Then next week we will start a second rally.

if you fomo yourself, you might get caught at buying top

why ? buy support on stellar is still very small compared to other big bullrun. Usually it is 800+ btc on buy side. Right now only 200+ , so pretty much you can't get out easily if you buy at top price

Note

textbook drop :). Got rejected at the downtrend resistance line, Then have a violated doji, then next day is a red candle which signals for further drop

Note

bull is back again. There are 2 scenes:
1. bearish: the correction is so quick, so we might have a double top scene with bearish div on RSI to let people have enough reason to dump for a better correction
2. bullish: bull is so crazy, it breaks previous top, when it happens , people will start jumping in again and we continue on going up

Note

still too early to confirm double top because of this strong bull. However, need few more hours

Note

so the double top has played out. This is not an easy market. Lot of bull traps >>>><<<<
Time for correction :)

Note

Bull still doesn't give up. We are forming symmetric triangle in both USD and BTC chart now. It is usually a sign of continuous pattern during uptrend. Now we need to watch carefully for the break out or down

Note

welcome to bloody weekend :)

Note

bang

Note

I really hope 1 DAY chart of xml-btc ends up with this ugly doji candle :)

Note

possible Head and Shoulder with target drop

Note

btc has gone into pullback mode. And it is a good time for stellar to shine
conservative target is the previous high which I think it will be broken in later anyway

Note

bang, stellar is on fire :)

Note

see the similarity with the one in april ?
this is just the beginning , folks :)

Trade closed manually

post is too long to follow

new one:

JackieHuynh

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

JackieHuynh