can obviously still visit the 4k range and that's perfectly ok. You'll get dream set ups down there. But if bitcoin
defies logic, like it has, and defies the herd, like it can, then XLM
would be the Elon Musk
rocket ship skipping moon for mars. It's hard to ignore how the XLM
chart almost mirrors the bear market of bitcoin
, so it could be dropping hints of how this can play out for both. If you use a stop and bitcoin
falls then who cares! (this is a usd chart so you don't get stopped in sats
you get stopped in tether and lose nothing. Also I used this chart for price data history but It'll be similar with the binance usdt tether chart where I'll be playing) This is worth the risk ( imo
) because the targets for this chart would be trailing your stop all the way up. Swing trade this one. I wouldn't want to accidentally leave early. You can obviously sell when the 4 hr rsi
is blown way out and when the candles are at a strong resistances. Those consolidations last days so you can put your money into something else moving up and then catch XLM
lower. Or trail stop and hold (advised for inexperienced traders)
Entry would be green box (sorry I posted this late)
or can be the break of the local high in the current consolidation so break of .26736405
or break of the cloud with the kumo twist as you can see displayed in its last run up which also would correlate with breaking the 200 day moving average (big yellow line) bullishhhhhh
Not investment advice DYOR
This is USDT pair. That means we're trading bitcoin
leveraged through alt coin for usd not btc
. I do not care to build satoshis while bitcoin
is in a downtrend.
This market takes your lunch though so put your stop in profit or immediately take some profit when your trade goes right so then your widened stop can't do damage.
poops, so does this chart. But you know this.