W0lfRAider

Update breakout XLM (Stellar Lumens) BTC 4h chart

BITSTAMP:XLMBTC   Stellar Lumens / Bitcoin
My first idea posted on January, 1 was about the possibility of an upwards move of XLM versus BTC .

As you can see, that upwards move has materialized, after a tiny final wave down towards the same support has occurred.

We subsequently broke out of the wedge like pattern and accelerated towards the first resistance zone . Where we are now, you see on the chart multiple indications of possible resistance.

I would personally let winning positions run, (unless the setup of your trade of course was that one of a short term trade, with the target reached). Adding new positions at this spot, that's another story. I expect things to work out bullish , with more upwards action to come (after some consolidation, retrace?), but I should need to see more reference points before acting upon that. Feel free to ask info or just interact in the comment section.

Comment: All systems are GO (Thunderbirds)

Comments

Did you guys see that spike? Wow...almost 0.000011.
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do we have target(s) ?
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W0lfRAider rakha.dee
@rakha.dee, 0.000012 first target. MOON is higher. Buts let us first take it to there and then we shall see. ;-)
+1 Reply
rakha.dee W0lfRAider
@W0lfRAider, godspeed
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W0lfRAider rakha.dee
@rakha.dee, We could maybe see a retest of the red line (upper line of a parallel channel). It's a possibility ypu can never rule out and certainly not with the kinda volatility in the space today. But its not my number 1 take. I think we will not see a retest. Ma20 ma50 4h are about to cross, that is HYPERbullish in this particular setup. Please act according to gameplan and then everything will work out fine.
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rakha.dee W0lfRAider
@W0lfRAider, thank you for the explanation. Looking forward to this.
+1 Reply
W0lfRAider rakha.dee
@rakha.dee, You are welcome. Have you ever witnessed so much energy in a space? I mean btc crypto. This is it, the big one, paradigm shift. And XLM will be one of the winners.
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