Notes are on the chart. All coins are poised for a breakout should Bitcoin cross the 12k barrier. Some established coins though are showing the promise of ridiculous gains. Stellar is one of those, poised currently for the first leg of a 300% jump. The first leg lands us at the lightning bolt, with the white Fibonacci line crossing with the bold green line up, which should bring with it a slight correction. Should Bitcoin be unable to push through 12k, view everything in reverse, with the totality of the chart as one giant bear flag, pushing the price by the same amount in the opposite direction.
The green line set at 47 degree angle is the projected line up until price reaches between $0.96 and $1.20. There may be two minor corrections along the way, as well as a major one at the top. I can't stress enough that this is only dependent on Bitcoin's breakthrough.
Stellar is one of those few coins with real use cases, along with a finished product that actually works. It promises to be a better version of Ripple: the same speed, with cheaper transactions costs, decentralized network, and non-profit governance. They are marketing towards 3rd world countries where banking and the transfer of money is a completely untapped market.
Several major banks have announced successful testing of the Ripple platform, along with dozens of finance organizations going ahead with testing. All that news has had no bearing on its price. All that pent-up buying power is about to be unleashed. Ripple and Stellar follow an almost identical trajectory, except Stellar goes up faster, and comes down slower. It had the most positive sentiment rating among crypto fans prior to the crash, which is what will account for the head-spinning jump up should Bitcoin's breakout occur.
My 2 cents,
Happy Trading :)
The green line set at 47 degree angle is the projected line up until price reaches between $0.96 and $1.20. There may be two minor corrections along the way, as well as a major one at the top. I can't stress enough that this is only dependent on Bitcoin's breakthrough.
Stellar is one of those few coins with real use cases, along with a finished product that actually works. It promises to be a better version of Ripple: the same speed, with cheaper transactions costs, decentralized network, and non-profit governance. They are marketing towards 3rd world countries where banking and the transfer of money is a completely untapped market.
Several major banks have announced successful testing of the Ripple platform, along with dozens of finance organizations going ahead with testing. All that news has had no bearing on its price. All that pent-up buying power is about to be unleashed. Ripple and Stellar follow an almost identical trajectory, except Stellar goes up faster, and comes down slower. It had the most positive sentiment rating among crypto fans prior to the crash, which is what will account for the head-spinning jump up should Bitcoin's breakout occur.
My 2 cents,
Happy Trading :)
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The orange line for XLM and the dotted blue for BTC. Notice that XLM is slightly lagging BTC. Follow the leader...
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So I cleaned up some of the lines on my bitcoin roadmap chart and there is a clear point of intersection between the resistance lines and the dotted green line... obviously, there are two interpretations of this if the timing works out as shown. 1st Bitcoin breaks free of its chains... or 2nd the resistance lines join forces to become even stronger. I'm really scared that it will be the latter, so I will be preparing as we get closer to that point (again, if the timing works out that way), as if the second interpretation will take place.
So I cleaned up some of the lines on my bitcoin roadmap chart and there is a clear point of intersection between the resistance lines and the dotted green line... obviously, there are two interpretations of this if the timing works out as shown. 1st Bitcoin breaks free of its chains... or 2nd the resistance lines join forces to become even stronger. I'm really scared that it will be the latter, so I will be preparing as we get closer to that point (again, if the timing works out that way), as if the second interpretation will take place.
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The bullish hammer has appeared on the 1hr chart.
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An update on bitcoin:
A pole for a bull flag has formed on the 1hr. The pendant should be created right inside the triangle wedge formed by the two blue lines.
A pole for a bull flag has formed on the 1hr. The pendant should be created right inside the triangle wedge formed by the two blue lines.
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not to state the obvious, but basically, every single crypto is forming or has formed some sort of bull flag...
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as you can see, the ridiculous 47-degree angle of incline is holding true. I'm not sure why the elements I put on the chart don't scale when you try to zoom in and out. But feel free to try it for yourself :)
as you can see, the ridiculous 47-degree angle of incline is holding true. I'm not sure why the elements I put on the chart don't scale when you try to zoom in and out. But feel free to try it for yourself :)
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We have a ways to go before any sort of correction (lightning bolt) so HODL.
We have a ways to go before any sort of correction (lightning bolt) so HODL.
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per present conditions
per present conditions
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option 2
option 2
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I'd go with option 2
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option 2 is starting right now.
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Here's what bitcoin is doing
Here's what bitcoin is doing
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better drawn chart
better drawn chart
Resistance lines on both XLM and BTC about to be breached.