TheMagpie

XLM, wait on better position

TheMagpie Updated   
BITFINEX:XLMBTC   XLM / Bitcoin
Based on RSI and MACD, plus BTC recent movements I will be waiting until a drop into the 4000-4200 range before entering a long with Stellar.

I will be looking to buy back in at 0.20-0.21 USD which would mean a fall within this range (unless BTC breaks upwards which I consider unlikely).

I will update this chart regularly.

This is not trading advice, just my own personal idea and thoughts. Safe trading out there.
Comment:
Didn't expect BTC to drop so quickly, we could possibly reach targets of .20-21 USD sooner than I expected. I will still be looking to buy within that price range.
Comment:
XLM continues to fall against USD, now at 0.22.
Comment:
First target of .21 USD reached.
Comment:
Second target of .20 reached. Expect further downwards momentum.
Comment:
Targets reached, further drop expected. I have removed my buy order at .195 and will wait on better entry. Currently hovering above .1910
Trade active:
I have closed my trade with a buy at .185 and .182 USD. For those buying in BTC target of 4167/4135 (exchange dependant) has been reached but we could see a lower price in the coming days.
Trade active:
All looking good as we move into this area.
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