Xlmbtc
Xlm-Btc LONG- weekly close above structure=Big gainsThe xlm btc pair has created a structure between the current range of 350-1300 sats over the last few months but is currently attempting to break above this structure
- it seems biased to upside and a clean weekly close above 1300 sats could start a massive leg up toward its ATH on this pair
-eth is cooling off after a massive run and stellar is an alternative smart contract building platform that could receive some liquidity from eth profits
- while most altcoins have broke ATH or are up 1000% plus this year stellar has had modest performance compared to some and though you could have technically bought stellar for 3 cents a little over a year ago that price only lasted a matter of hours and the bottom generally as around 6-8 cents for the most part
- xlm is one of the few extremely cheap transfer fee, transact in seconds, significantly decentralized coins
I am biased, invested in stellar, and this does not constitute financial advice. But if I could give you financial advice it would be to buy the weekly close above 1300 sats coming up
PLEASE SHARE THOUGHTS AND COMMENTS :)
Stellar Lumens vs. Bitcoin Trend Reversal - XLMBTC, XLM, XLMETHXLM/BTC has been rangebound for nearly a year. This week, from May 10 - May 14, XLMBTC probed outside of its range before breaking out and closing at a new 1 year high. This generated a BUY signal for me in XLMBTC, and I am ID'ing the pattern as a Head and Shoulders bottom (trend reversal).
Price would need to move below the low of the week to negate this signal, and hence I view this as a low risk entry opportunity, assuming no major liquidity concerns.
I also view the XLM/ETH chart as constructive.
Stellar's website describes it as a fast, open-source blockchain network for payments and currencies. In short, it attempts to connect financial institutions while providing cheap transactions. Coins with faster, lighter (and albeit less secure) transactions than those on the bitcoin network are gaining exposure after Elon Musk tweeted that bitcoin uses too much energy. Musk also noted that Tesla was not selling the bitcoin it purchased as treasury reserves, but that the company is looking for cryptocurrencies that are more "environmentally friendly" to be more in-line with Tesla's overall mission statement.
BITFINEX:XLMBTC
STELLAR LUMENS (STR/BTC|XLM/BTC) LONG TERM MOVETechnicals:
Weekly EMAs are crossing and momentum is shifting towards the bulls
Monthly BBands are squeezed tight and significant accumulation has taken place over the past couple of months and the BBands are ready to expand for a parabolic move
Descending wedge repeating fractal pattern
Inverse H&S pattern formed on the daily period (same at the start of the previous 2017 cycle)
BTC Ratio Targets:
TP1 = +- 0.00002100
TP2 = +- 0.00002800
TP3 = +- 0.00003500
TP4 = +- 0.00004600
TP5 = +- 0.00006200
XLM/BTC now 100% up from our entry zone congrats guys#XLM/BTC Profit Update:-
#XLMBTC currently trading at 1400 Satoshi
And hope you are enjoying my signals.
106% pure profit from entry after market dump also #XLM in green zone.
Entry:- 690 Satoshi
TP1:- 794 Satoshi ✅
TP2:- 878 Satoshi ✅
TP3:- 993 Satoshi ✅
TP4:- 1453 almost done went upto 1413 Satoshi
Still I am expecting from #XLM
I can expect 2000/3000 Satoshi
But only hold profit not try to hold 100% positions.
Always book profit partially time to time.
🚨:- This analysis is not for fresh entry.
Support:- 1300/1200/1000 Satoshi
Resistance:- 1453/2000/3000 Satoshi
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XLMUSDBased on the FIB Extension on Jan 28 / Feb 13 / Feb 21, I expect a similar pattern for the Apr 2 / Jun 5 timeframe.
Not investment advice.
Longing for Sats #5 - XLM/BTCXLM/BTC pair has found support and I expect it to stay in this range for a bit before deciding to break up or down with increased volume (currently leveled out). I'm long with a stop loss.
Bullish if it breaks upwards to test resistance again
Very very bullish if we close above resistance
Bearish if it breaks down below support
XLM almost thereHello everyone,
Nothing new to my followers as you guys know I´m big XLM fan but for newcomers and to remind what to look for ...
Huge opportunity is cooking up for XLM. The accumulation phase is heading to its end and once XLM breaks 1200 satoshi main resistance then it should perform really well next weeks and months
Cheers
ChaChain
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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.
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