XLMBTC - WEEK 🌗🌗On the weekly chart we can see that we reached previous resistance area and we are now trying to hold it as support.
If we manage to do so i expect us to reach the next major resistance area.
XLM is one of those coins like XRP and LTC where the BTC pair still has a lot of room to go higher.
🥳🥳For every new follower i will add a new idea :)
Stellar / Bitcoin
0.00000329BTCR
+0.00000023+7.52%
As of today at 18:38 GMT
BTC
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XLMBTC trade ideas
Longer term vision on XLM, a dip to buy?XLM broke out of it's multi year accumilation range, right now re-testing that range as support. I'd say this is a nobrainer place to invest longer term. The charts look good for more upside. No need to instantly fomo, this bottom probably has to develop and can take a month or two before it starts taking off. So scaling in over time near the lower ends around 1000 satoshi is probably the play.
- TrendTracers trade team
XLM will follow XRP to the moon 🚀As we all know that whenever XRP goes XLM follows it and vise versa. So the same pattern happens here as the falling wedge consolidating for 3 years already broken check the link below for XRP break out.
Targets are mentioned on the chart, please always sell partially to avoid losses in pullbacks.
Happy trading & profitable day. CYA at the moon 🚀🚀
Xlm -Btc weekly close confirms breakout Clear breakout above the structure and now a clean close above the resistance and all major moving averages puts XLM in position for a massive breakout.
Don’t forget how fast this coin moves, it is similar to ripple in that way you do not want to be caught waiting for a dip on a coin like stellar that can take off for 200% gains in a matter of a week. I personally believe that with all the shitcoins taking off it is only a matter of time before people realize that stellar is a extremely fast network with fees being so minuscule that transaction costs absolutely never make a dent in your holdings. Albeit a less complex version of them with more limitations, building on stellars network makes a lot of since for many projects considering not all of them need all the complexity etherum allows. What they all do need that etherum does not allow is an end to a network that is actually somewhat usable. I saw on uniswap the other day when checking for giggles that it would cost me 300 dollars of eth to make a swap and you wanna tell me that’s a good network to build on?
XLM - long base big move !!XLM Stellar is poised for a big move !!
It has been basing against bitcoin for about 24 months - or 2 years !!
Big base - Big move !!
In USD we are making new 2021 highs at the moment !
Above 1250 - 1350 satoshi it is GAME ON BIG TIME for XLM !!
Do not waste this opportunity !
I am positioned and raised my position by 30% last week when XLM was around 50 cents.
XLMBTC, do we see the tremendous upside potential?Dear fellow traders/investors, recently I posted my bullish outlook on XLM vs USD (view link). I had 'promised' there to add a chart on the XLMBTC pair shortly after, I failed to do so. Better late than never, here it is.
The chart speaks for itself, really, I don't think many words will clarify the bullish narrative painted by the picture. I will try to update the evolutions (shorter frames etcetera) through updating this Idea. Consider this a starting point to just do that.
Happy and safe trading everyone!
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
