XLMBTC trade ideas
XLM.BTC (Y20.P3.E1).Macro structure.BullishHi,
With free time (recently) I like to look across the board and look for potential long opportunities based on key levels and easy to reach structure (trending).
Then if there is a few to chose from, potentially narrow it down to the best options.
I wish I could have a process to track all this once I start doing it, and review regularly. Manually this takes a lot of effort.
What I look for is formation and structure that looks familiar to me, simplicity and I think this one is one of them.
I have not gone through many charts yet and if you look at my recent posts, I have started this process.
Hopefully I will in a short time, maybe this weekend, complete the top 10 or 20 coins.
As for Stellar, one can see the MACRO structure and key points I have placed.
I think XLM against BTC for now, is straight forward.
Cheers,
S.Sari
Daily Chart
4 HRLY Chart
XLM/BTC Setting Up for a Strong 12 Months (400%)Anyone that truly understands economic and social theory understands that Bitcoin is the only long term guarantee.
That said, the Stellar project is a fundamentally & technically sound with adequate institutional awareness (hype) and thus likely to stick around for a few more years.
Personally, I accumulated DCA style over the last 9 months and will now hold.
MACD bullish crossover
RSI turning bullish
Incoming breakout from descending triangle
MacroMew
XLM/BTC Upside PotentialSome Potential in XLM right now.. the patterns seems promising, but still very early to call. Definitely some level of upside fo XLM/BTC to take advantage of. A rejection at red line would negate the gaisn to the green upside. but still a minimal 65% gain from where we are right now.
$XLM, Crossing over 1k sats w/ increasing volume & 1D UCTS Buy$XLM
Crossing over 1k sats w/ increasing volume & 1D UCTS Buy signal
Golden cross (EMA50/200, prior cross on September 2018!)
Aiming for an entry as close as possible to this level// R/S Flip as potential confirmation of continuation
If happens, then ~1200sats as target
#XLM
XLMBTC all set for weekly breakoutIf you liked the analysis hit the like button, it always motivate to give best.
XLMBTC after successful daily breakout, things are overbought & bullish.
However looking at weekly chart, it seems the rally is not finished or you can say not yet started.
Weekly breakout above 900 is done, anything above 1000, will take XLMBTC target to 1400+ to 2000+
Its a swing trade call. Hodl for big profits.
Supreme display of strength at 950 sats.Thanks to our friends over at wallstreet, BTC's buckle down today threw everyone under the rug, the strong rebounded, the weak continue to sit on the floor that they were dropped to. XLM just tested the 940-950 sat range at the bottom of the channel and showed good signs of strength with a quick bounce. 1250-1300 sat target still very viable by the looks of things. Let's see what happens.
RSI Bounce level?Take a look and see for yourself. Friend of the trend. Support Resistance flipped, fast bounce from new found support, looking bullish, one hour RSI looking ready to make a turn around again. If we back test support again, look to add to a long position before this coin goes parabolic like the other alts.