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STRBTC

Oversold condition. Target 4400.I think we just loaded enough longs for future growth. This drop was expected. Typical situation when the instrument consolidates in some area and drops just before the growth to push people who are doubting or entered position in a wrong time to close their positions and quit this trade. There is no actual pattern which will push us higher. But this area 3500-3400 is perfect for reversal. It is usual for Stellar to reverse after strong drop without any pattern or consolidation. Also, there is a chance to build H&S on RSI indicator. I would like to see strong buy and crushing 4000 without any additional consolidation. What I would not like to see consolidation around 3500-3400. If we fails to push higher to the previous levels you a free to quit the trade with a low risk. Remember we want to see some momentum. If we will not reach 3450 the entry point moves to 3700.
Long
by lj_4b
AS much as it hurts to say, XLM still has room to fallHi again, I really didn't expect such a dramatic fall in BTC recently so my prediction of buying XLM at 0.195 ended up being wrong For that I apologise. What I expect from here is BTC to fall a little further over the coming days and weeks and with it the rest of the cryptosphere. 0.08c is a strong support for Stellar but not a lot in between unfortunately. Ideally I would be looking to buy a little at these targets T1: 0.135 T2: 0.12 T3: 0.8 Remember, a bottom can only be called many weeks or months after the fact. Don't believe anyone who says this is 'definitely' the bottom. This is not trading advice just an example of how I will trade this mother. Have fun and be careful out there.
BITFINEX:XLMUSDShort
by TheMagpie
4
XLMUSD, My buy area is from .195-.210As I've mentioned in my last TA, my buy area is in the .20-.21. I actually already have buys set at .195 in case they are triggered but I'm not sure if we'll dip below .20. RSI is oversold on the hourly. BTC continues to fall which is bringing the XLM price down with it. A strong performance by Stellar means that XLMBTC continues to impress although there has been a selloff at 4700. If you have your money in fiat I would watch this space closely. As always this is what I will be doing personally but it's not trading advice. Have fun out there.
BITFINEX:XLMUSD
by TheMagpie
4
Continuation of past Trade Analysis. XLM outperforming all altcIn my previous TA I suggested a strategy of buying below 3600. This would have resulted in very nice profits in the short term although long term I am still looking at 4100 as the next point of strong resistance. Bitcoin pushing through 6500 would be very bullish for Stellar, we would most likely bounce of first resistance at 3900 before pushing past to 4100. At this stage I would take profits. Have fun out there.
Long
by TheMagpie