$XLM (Stellar Lumen) Universal digital currency -world currency?Stellar is an open-source network for currencies and payments. Stellar makes it possible to create, send and trade digital representations of all forms of money—dollars, pesos, bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network.
Stellar has no owner; if anything it’s owned by the public. The software runs across a decentralized, open network and handles millions of transactions each day. Like Bitcoin and Ethereum, Stellar relies on blockchain to keep the network in sync, but the end-user experience is more like cash—Stellar is much faster, cheaper, and more energy-efficient than typical blockchain-based systems.
Stellar was made to support digital representations of any currency, but it also has its own built-in token, called the lumen, created to fill a special role in the network. By design, Stellar requires that each account hold a small number of lumens at all times.
A unique algorithm, called the Stellar Consensus Protocol (SCP), keeps everything in sync. There are many ways to get agreement across a decentralized system—Bitcoin's visionary proof-of-work method was the first and is still the most famous. But, like many first drafts, proof-of-work left room for improvement. SCP strives to be better by being configurable, fast, and highly energy efficient. If you’re interested in the deep details, you can read the peer-reviewed paper, published by SOSP, the oldest and most prestigious systems conference, for complete technical details.
Stellarusd
Stellar: Are the OG cryptos ones to watch? (Potential 6X!)We are in a coin picker's market- money is not flowing to every shitcoin there is- therefore, you have to invest in coins that have. a strong proof of work unlike before where every shitcoin would pump.
FA:
Part of Samsung Blockchain Network
Revolut Bank added it as one of the available crypto assets
TA:
Looks to be forming a cup and handle formation which usually leads to a bull run
Beginning to form upward trendline
Low side of trade is far lower than the potential highs, with the long term target being a 6X
-Megalodon
Stay. safe and trade safe; and please SHARE/LIKE & COMMENT
CRYPTOCAP:XLM BINANCE:XLMBTC COINBASE:XLMUSD BINANCE:XLMUSDT
This Is Why I Was Bullish On XLM | Watch How It Can Hit $5Hi guys and gals hope you are doing good and welcome to the new update on Stellar coin. The price action of Lumens is moving within an up-channel since March 2020 on a daily chart. On the 19th of June, the price action broke down the channel’s support, and while re-testing the previous support of channel as resistance the price action re-entered in the channel and even moved up to the resistance. If we watch the moon phases indicator then the previous dark moon appeared below the support of this channel at a very big distance. Therefore the price line reached up to that level and broke down the support. Now the new full moon has appeared above the resistance of the channel that is a positive signal that the protection can reach up to this level. Now if we take a look at the directional movement indicator then a positive directional indicator (the blue line) is above the negative directional indicator (the orange line) and the ADX (The red line) is up with the powerful value of 43. At this time the ADX is showing the power of bulls because the bullish line of positive directional indicator is above the bearish line of negative direction indicator.
The SMAs formed opened alligator mouth and priceline is trying to breakout the key level resistance:
If we place the simple moving averages with a time period of 25,50, 100, and 200 on the daily chart. Then it can be seen that the smallest time period moving average 25 is above all then we have the 50 then 100 and then 200 simple moving average below are all the SMAs. On the 12th of June, a complete opened alligator mouth by the simple moving averages was formed in the meanwhile the price action was in the correction mode. After correction rally, the price action re-tested the support of 100 simple moving average and started a powerful bullish rally. At this time price action is trying to break out the powerful resistance of 10 cents. That is the key level resistance for the price action of XLM. During the correction rally, we can also see that the 25 simple moving average crossed down the 50 SMA and now it is up again.
Here I would like to take you on the Aave token chart. When back in November 2019 the Lend token had complete formation of open alligator mouth by the simple moving averages on the daily chart. The price action started a correction rally the same as like we have seen on the XLM chart. And used the 100 simple moving average as support and started bullish divergence and after breaking out the key-level resistance of 0.00000268 btc the price action rallied more than 2100%. So we can expect once the Lumens will be able to break out the key level resistance of $0.10. Then it can produce big gains the same as like the Aave token.
A big bullish BAT pattern:
Now at the end of this article, I would like to recall a very big bullish BAT pattern that I have been sharing with you since last year. And that is the price action of XLM has formed a very big bullish BAT move. This is a kind of reparative move like the Stellar formed a BAT pattern back in 2017. When it started the bullish rally for more than 4000% gains. But that BAT pattern was formed on the weekly chart. This time the price action has formed a big BAT on the monthly chart.
So we can expect a more powerful move than the previous one. However, realistically as per Fibonacci sequence of bullish BAT the targets can be as below:
Potential reversal or buying zone: 0.110 to 0.059
Fibonacci projection or sell zone: 0.23 to 0.41
A big bullish Butterfly:
If we watch the Stellar with Bitcoin pair then it has formed a very big bullish Butterfly pattern on the two-week chart.
Click here to visit this old article on tradingview
And the targets as per Fibonacci sequence of Butterfly can be as below:
Potential reversal or buying zone: 0.00001369 to 0.00000380 btc
Fibonacci projection or sell zone: 0.00002141 to 0.00003986 btc
Conclusion:
Stellar has a good history to produce powerful bullish rallies based on the harmonic moves. Therefore we can expect that this time it will repeat the history again. However, the charts I have shared with you are long term. Therefore this move will need some patience.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
XLMBTC - Looks strong to get higherXLMBTC is interesting to observe. It looks like a good pump candidate, at resistance (tested multiple times), but rising sharply.
Good entry point - retest/close above the resistance. A strong pump looks reasonable after the resistance break.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Stellar [XLM/USDT] on July 9 (#XLM #XLMUSDT)XLM is no longer in a good position to buy anymore and has reached resistance level at 0.085-0.089$. We expect it to return to the lower zone of 0.058-0.063$, even further than 0.045-0.05$ and will consider buying.
In case the price doesn't return, we will wait for it to break the 0.09$ resistance level, the target is 0.15-0.16$
XLMUSD turned bullish from potential reversal zoneHi friends hope you are well and welcome to the new update on XLM. In my previous article I told you that the Stellar is going to start the formation of the right shoulder at this time the price action is moved up and started the formation of expected right shoulder. Now let's have a look that whether this shoulder will be completed or the price action will move upward and this pattern will be invalidated.
Head and Shoulder formation:
If we take a closer look at the daily chart then while forming right shoulder the price action moved up than the level of the left shoulder. However, at this time the price action is below the head level. Therefore unless this head level will be not broken out the Head and Shoulder pattern will be validated
The SMAs:
Now if we watch the different simple moving averages on the daily chart with the time period of 25 50 100 and 200. Then the priceline previously broke down the 25 and 50 simple moving averages. On 27th of June 2020 at the same time the price action tested the 100 and 200 simple moving averages as support and moved up again. At this time the 25 simple moving average has been broken out and the price action is likely to breakout the 50 simple moving average.
Bullish BAT pattern:
In my previous article we have seen that the price action was forming a bullish BAT pattern. Finally priceline of XLM entered in potential reversal zone of this pattern and moved little bit down but again turned bullish and surged more than 50%.
But if we watch at the Karaken exchange then the price action formed a bullish Crab. As the leg was extended between 1.27 up to 1.618 Fibonacci retracement level.
A strong support of an up trendline:
On the same daily chart the price action has found a strong support of an uptrend line. Whenever the price action is moving on this trendline it is taking bounce very well. On the chart we can see that since 27 June the price action was moving sideways on this line and finally on 6th of July the price action of Stellar again turned bullish.
Conclusion:
As the price action of Stellar is breaking out all the moving averages again on the daily chart and also took bullish divergence from the potential reversal zone of harmonic patterns. It is also bounced from the uptrend line as well. Therefore we can expect that Stellar is turning bullish however the Head and Shoulder formation is still there unless the price action will not break out the price level of head of this pattern.
XLMUSD an expected Head & Shoulder moveHi guys hope you are well and welcome to the new update on a Stellar. As in my previous post we have seen that the Stellar had started a correction really now in this article we will try to understand how much the price action can be moved more down.
The bearish Shark has done its job:
On 8th of June I posted an article where I revealed that the price action of XLM has completed the Shark pattern on long term weekly chrt. At that time and the price action just spiked in the potential reversal zone. Therefore there was strong chances of correction rally. Below was the pattern:
Now below is a current situation and you can see that the price action has been retraced up to 0.50 Fibonacci retracement level.
The price action is rejected by $0.08 resistance:
Now if we switch to the 2 day chart then the different support and resistance levels can be clearly noticed. At this time the price action is moved back to the previous support at 6 cents after rejection from 8 cents resistance. This resistance level is very strong for the price action of Stellar as the price action never able to cross up or break out this resistance since after it was broken down in August 2019.
In case the price action will break down the $0.06 support then we have the next support level $0.04.
And if the price action will break out the 8 cents resistance then we have the next resistance level at $0.10. And then next resistance will be at 13 cents. And if this $0.13 level will be broken out then from 13 cents up to 20 cents there is no significant resistance can be seen. Therefore within very short period of time the price action can move from $0.13 to $0.20.
An expected Head & Shoulder move:
At this time the price action is likely to form a Head & Shoulder pattern. Before this we have already seen the formation of Head & Shoulder pattern from December 2019 to Mid of March 2020. At this time the left shoulder and the head has been completed and from the neckline the price action is moving upwards and likely to form the right shoulder.
An expected formation of Bullish Crab:
With the Head and Shoulder move the price action of XLM is also likely to complete the final leg of bullish Crab pattern. So far the price action has spiked very close to the potential reversal zone. Therefore we can expect that before the completion of the right shoulder of the Head & Shoulder pattern the price action may hit another spike up to potential reversal zone to complete this final leg.
Conclusion:
From this level we can expect an upward short-term rally then a downward move can be expected up to the neckline of the Head & Shoulder pattern.
STELLAR LUMENS ☣️ | 8 Reasons You should be Talking About XLM➡️➡️ With the XLM protocol 13 upgrade live, and with the long term bearish trend finally starting to reverse, it is looking like there might actually be some reason for XLM bulls to celebrate again.
Now let's look to see if the bulls can take this uptrend as shown by Fractal Trend (Aqua bar color) and turn it into a proper launch pad from some of these horizontal levels!
Support:
XLM has had a solid recovery since the COVID crash, and it is no surprise that we are now seeing some consolidation.
Although some consolidation is healthy, the bulls aren't going to want to give up too much more ground here. What the bulls want to do is hold the S1 orderblock formed at the most recent swing low to put in a nice higher low in the current consolidation range.
If S1 doesn't hold, the S2 and S3 orderblocks could hold to at least put in a higher time frame higher low and break the clear downtrend pattern (although obviously a test of these levels fully jeopardizes any hope at an immediate bull run).
Resistance:
The first point of resistance for the bulls is the R1 orderblock formed at the previous breakdown. Taking R1 out and at least testing the R2 previous swing highs is vital for the bulls to show strength and to maintain the newly formed uptrend.
The bulls will have momentum on their side with a break of R2, but have a good amount of resistance overhead due to the long-term downtrend XLM has been in.
The next level of resistance to contend with after R2 is the R3 orderblock formed during the prior breakdown.
If the bulls can get past R3, then the R4 and R5 orderblocks should at least see a reaction. A break above R5 is likely to have XLM looking rather bullish, but future levels would have to be assessed if and when the bulls get us there.
Summary:
The XLM bulls finally have a reason to be hopeful. It has been a long time coming, but it looks like the tide could be turning (so if the bears want to keep that long term downtrend intact, they better act fast).
In order for the bulls to show us they are serious however, they will need to take out that R2 orderblock. The simplest and easiest way to do this is to find support at S1 and make the push ASAP. So the bulls should be hoping to see that.
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XLMUSD a possible bullish reversalHi friends hope you are doing well and welcome to the new update on Stellar. As after hitting the resistance of channel the XLM has dropped more than 24%. Therefore in today's article we will try to understand what the price action can do next.
Bearish Shark pattern has done its job:
In my previous article I revelaed that the price action of XLM has formed bearish Shark pattern on weekly chart and it was expected that the price action will be moved down from here. After heating the potential reversal zone of this pattern now finally the price action has dropped and it has been retraced between 0.382 to 0.50 Fibonacci level.
Up channel and synchronization of price action with indicators:
Now if we switch to the daily chart. Then XLM has formed an up channel like every top cryptocurrency including Bitcoin. The movement of the price action within this channel was very much synchronized with stochastic, MACD and Momentum indicators. Whenever the price action reaches at the supported the stochastic gives bull cross and MACD and momentum indicators turn bullish. The price action follows the signals of these indicators and moves up and hits the resistance of the channel. We have witnessed this move in the month of April and then in the month of May 2020. Recently the priceline again moved at the support of this channel and stochastic and MACD both turned bullish together but so far the momentum indicator is strong bearish. Therefore the price action finally has broken down the support of the channel. And after breaking down the channel the stochastic has given bear cross again.
Support and resistance levels:
We can watch the different support and resistance levels on 2 day time period chart. After March 2020 first the price action broke out the $0.045. Ater breaking out Stellar retested the previous resistance as a support and moved towords next resistance of $0.06. And after breaking out the this resistance level the price action again re-tested this resistance as support and moved up to the next resistance level of $0.08. The $0.08 is one of the most strongest resistance level for the price action of XLM. And this time the price action is again not able to break out this resistance level and after being rejected it is moving back towards the previous resistance of $0.06 to re-test it as support.
A bullish reversal harmonic move:
If we switch back to the daily chart then it can be easily seen that after breaking down the channel price action has completed the formation of a bullish BAT pattern. This is a bullish reversal pattern therefore there is a possibility that the price action will take the bullish divergence from the potential reversal zone that is defined as per Fibonacci sequence of harmonic bullish BAT. But this potential reversal zone should be set as a stop loss. Because once this PRZ level will be broken down then the price action can move more down to complete the final leg of bullish Crab pattern.
Conclusion:
Even though all indicators are turning bearish and the channel support also has been broken down but there is a possibility that the price action will be reversed bullish as it has completed a harmonic bullish move.
XLMUSD | An opened alligator mouth is expected for bullish rallyHi friends hope you are well and welcome to the new update on Stellar. Today in this article we will see how the XLM is turning more and more bullish to achieve the highest price ever in its history. But this time the Lumens is also giving some bearish signals on the short-term let's watch the bearish signals first.
Formation of bearish Shark:
On the weekly chart the price action of XLM has completed the formation of bearish Shark pattern. Even though it is difficult to identify that the initial leg is separate or the continuation of the previous movement because the upward movement up to X point Is not as that much long as we can easily declare it as a separate leg. However if we forget the previous movement of the price action and take it from the X point then a complete Shark has been formed. And price action has already visited the potential reversal zone of this Shark. Therefore there is possibility that the priceline will be dropped from here.
Movement in up channel with synchronization with indicators:
On the daily chart the price action of XLM is moving within an up channel. And after hitting the resistance of channel it is likely to drop down again. And the movement within this channel is very much synchronized with the combination of indicators: 1.momentum 2.stochastic 3.directional movement. If we take a closer look at the chart then it can be easily observed whenever the price action reaches at the support of this channel and momentum turns bullish and stochastic also gives bull cross and finally when the positive directional indicator forms a bull cross with the negative directional indicator then the price action turns bullish and reaches up to the resistance of channel. It can be seen in April and also in May 2020. At this time the positive directional indicator is above the negative direction indicator that is the bullish sign. And the ADX is also up that is showing the power of bulls. But now the positive directional indicator is moving down to form bear cross with the negative directional indicator. If this bear cross will be formed then the same ADX will be assigned to the bears and it will be showing the power bearish trend.
Support and resistance levels and moon phases:
After the mid of March 2020 the price action of XLM turned very strong bullish and it broke $0.045 and then $0.06 resistance levels At this time the price action of Lumens has reached at the resistance of $0.08. This resistance level is very strong as on the chart it can be seen that since September 2019 the price action has made several attempts to breakout but so far it is not able to breakout this resistance level. I have also placed the moon phases indicator on this chart. This is very useful indicator to identify the bullish and bearish trends. On the chart we can see there are some full moons and some dark moons. The distance between one moon to another moon is called synodic cycle that is 29.5 days long. The recent dark moon is appeared at the support level of $0.06. That is an indication that it will be difficult for the priceline to break down this support. And the recent full moon it appeared at the resistance level of $0.08. That is showing that the maximum reach of the price action is up to this level. Therefore we need the next dark moon to be appeared above the $0.06 level and the full moon should be appeared more up in order to have break out from $0.08 resistance.
The Stellar is breaking out the falling wedge:
On the weekly chart since January 2019 the price action of Stellar is moving within a falling wedge. I have also placed the volume profile on the complete protection moving within this wedge pattern that is showing the traders interest up to 10 cent. And if we take a closer look at the Bollinger bands then it is moved above the resistance of this wedge pattern. Therefore it was easy for the priceline to cross up the resistance level. Now finally the price action of XLM has crossed up the resistance of the falling wedge. And at this time the new candlestick is opened above this level but the breaking out from this wedge pattern depends where this candlestick will be closed. If it will be completely opened and closed above this level then we will have a successful break out from this pattern. And after breakout if the price action will retest the resistance of this wedge pattern as support then Stellar may drop up to 6 cents before the next rally.
Simple moving averages can form an opened alligator’s mouth:
If we watch the position of the different simple moving averages with the time period of 25, 50, 100 and 200 then we can notice that these SMAs are turning strong bullish. If we take a look back at 2017 chart then it can be observed when the 25 simple moving average crossed up all other simple moving averages and the 200 simple moving average move below on others simple moving averages then a complete opened alligator mouth was formed by these SMAs. That produced more than 4000% strong bullish rally. Same as like that the simple moving averages are forming an opened alligator mouth. At this time the 25 simple moving average is moved above all other simple moving averages then we have 50 SMA but so far the 200 simple moving average is moving above 100 SMA. And these two simple moving averages are moving sideways for the long time. Once the 100 SMA will cross up the 200 SMA then a complete opened alligator mouth will be formed that can produce more powerful bullish divergence.
Repetitive harmonic move:
At the end I would like to recall the repetitive move and that is the formation of bullish BAT pattern on the monthly chart. If you take a look back at 2017 chart then the price action of Stellar formed the same BAT on the weekly chart. And when the Stellar moved up from the potential reversal zone it produced more than 4000% massive gains. This time the BAT is formed on the bigger time period chart. Therefore there is possibility that the priceline will produce more profit than the previous rally. However as per Fibonacci sequence of BAT pattern we can set our buying in sell targets as below:
Buy between: $0.11 to $0.059
Sell between: $0.23 to $0.41
So realistically as per above targets the Lumens can produce up to 600% rally.
Conclusion:
As recently the price action of XLM has reached at the resistance of the channel that is formed on the daily chart and on the weekly chart the new candlestick is just opened above the resistance of the wedge. Therefore there is a possibility that the price action will start a correction rally to retest the resistance of wedge as support of wedge and to hit the support of the channel as well. However after this correction rally a new bullish move is expected.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
XLMUSDT under the law of FibonacciWell i will try to be clear :D and make understand what i think.
i traced a Descending Fibo on XLMUSDT Pairs and compared with falling EMA's 50/100/200
Yellow Circles are fibo Rejections.
Orange Circles are EMAs Rejections.
i checked mostly all indicators but i don't add them to not make confusions.
what can i say on indicators is Weekly Show indicators RSI High, StockRSI high cross down, MACD Bearish.
Monthly is too young to check with USDT pairs but looks good on XLMBTC Pairs. Everything is crossing up.
After that said, i made own deduction but like i always say ' Everything can happen in Cryptos '.
What we can see for now is XLM still under descending depression and not looks ready for a big rocket pump.
le'ts talk about Numbers :
Scenario 1 Short Term
if XLM break 0.08 clearly! we can consider to start to be bullish if and only if XLM break 0.11 to go try break his first big resistance at 0.12 (0.382Fibo),
in this case confident Traders will enter the market and push XLM to 0.17 (0.618Fibo)
Scenario 2 Long Term
XLM will continue to retrace under depression and surely also BTC dominance, it will fall dipper to 0.015 to start again moving up when the altcoin bullrun happening.
Conclusion
For now have to be S4Fu ! You can still play as i do as a marging Trader but you always have to buy your loved crypto at a good price to not be trapped!
There is a rule i always apply to myself and this rule is my absolute number one : THE BEST WAY TO WIN MONEY WITH TRADE IS TO NOT TRADE !
Try to thing about that philosophical rule and u will find the logic in my words and the way to go....
Happy Tr4Ding !!!
XLM/USDT - accumulation under the level.On a weekly timeframe, accumulation under the level.
Where the price will be canceled to look.
Upward movement will be a continuation of the growing trend.
Going down ... ...you know)
On the day timeframe:
It is worth paying more attention to the accumulation marked with a gray square.
Averages moving under the price, it means a bullish trend. The fall of EMA 186 was held back by the semi-annual price averaging.
The AO indicator shows the strength to go down.
RSI on the verge of trend change above level 50. There will be a trend change on the breakout.
We have to wait to get out of the zone, and then trade.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
Why Stellar Lumens Turning More Bullish Than BitcoinHi friend hope you are well today we will try to understand by the Stellar is turning more bullish than Bitcoin as the XLM has recovered more than BTC. If we take a look at the daily chart of XLM then it can be easily observed that after the drop from Feb to March 2020 the price action moved 196% from the lowest to highest price level. On the other side if we watch the Bitcoin daily chart then after this drop we can notice that the priceline of BTC rallied 161% from the lowest to highest price level.
XLM is more bullish even on small time period chart:
Now if we switch to the small time period hourly chart then we can see that after the recent drop the Stellar has recovered 13% but on the other hand the Bitcoin has recovered 9%. Moreover after this 9% recovery the Bitcoin price action is dropping down again. As we have the second bearish appeared on this small time period chart.
The basic reason of Stellar to turn more bullish is this pattern:
The main and the basic reason behind this difference of bullish move between XLM and Bitcoin are the patterns that are formed on the long-term charts by the both cryptocurrencies.
First we will take a look at the price action of Lumens. Here I would like to recall the patterns that I have published in my previous articles of Stellar, that it has formed very big bullish BAT pattern on monthly chart. If we move back in 2017 we can observe that same as like this pattern a big bullish BAT was formed on the weekly chart. And from the potential reversal zone of previous BAT the priceline of XLM took a very powerful bullish divergence and produced more than 4000% gains. Now if we watch the current pattern that has been formed on the monthly chart by the Settal is more bigger than the previous pattern that was formed back in 2017.Therefore we can expect more powerful rally than the previous move. However as per Fibonacci sequence the realistic targets can be 0.382 to 0.786 Fibonacci projection of A to D leg of this bullish BAT pattern. And the targets are from $0.23 to $0.41 this is also very massive profit as these targets shows up to 600% profit possibility.
If we take more closer look on the price action then it can be easily observed that even after the recent recovery rally of more than 196% the price action is still moving at the bottom of the potential reversal zone or buying zone of this bullish BAT. Therefore the Stellar has more capacity to move up in order to reach the sell targets or the Fibonacci projection area of this pattern.
The big bullish pattern of Bitcoin:
On the other hand we can see that on the same monthly chart the Bitcoin has formed very big bullish harmonic Gartley pattern. And after this recovery rally the Bitcoin has entered in the sell zone or the Fibonacci projection of this pattern. Therefore there are more chances that the Bitcoin may start a correction rally or it may move sideways at this level.
The similar channels:
Now I would like to take you again on daily chart where the XLM and Bitcoin both have formed similar up channels. First we will take a look at the up channel that has been formed by the price action of Stellar. Then we can see that the price action has reached at the support of the channel and at this time we have a very weak bullish candlestick appeared that is indicating that the bears are losing control and the price action might move up from here. But on the other side if we see the Bitcoin’s channel then after hitting at the resistance of the channel the price action is moving down and so far it is not reached at the support. Therefore there is more space for the price action of Bitcoin to drop more down. And there are chances that the Bitcoin will drop more down to reach at the support. And in the meanwhile the XLM would move sideways with the support of the channel and we can see that as it is an up channel so if the price action will move with the support then it will be automatically moved up with the upward movement of support.
Conclusion:
The XLM can move sideways at this level as it has already reached at the support of the channel. On the other side the Bitcoin can drop more to reach at the support of the channel. On the long term the Stellar can be more bullish than Bitcoin as the harmonic pattern of the XLM is bigger than the harmonic pattern of the Bitcoin that has been formed on the monthly chart.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
XLM Start of May (Updated)This is a revision of the patterns and time frames updated from my last chart posted about 1 day ago linked as the related idea.
Yesterdays Forecast
Quoted from my last chart description:
> " price may drop as low as ~$0.068 in a few hours finishing a structure over the next 18 hours (highlighted by next upcoming green trend lines .)" - this event has mostly happened with a slight margin for error in under-forecasting on my end as so far it has gone as low as $0.067.
I do believe I was about 10 hours wrong on when the next period would move into the cyan trend lines but perhaps its still yet to come over the next day or as soon as 7 AM MT May 4th. May the 4th be with you.
Cheers to the reopening of the economy. Anyone who is immunodeficient should definitely stay home while everyone goes out and about. Still wash your hands regardless of a virus!
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers