Stellar is completing a humongous reversal pattern (2+ years in the making). It's pretty.
On both the US and BTC charts it looks like a strong, impulsive move up could be imminent. It won't take much to get her going, and once she does she tends to pick up momentum quickly.
Narrative:
Defi ponzi looks to have popped
XLM the standard can serve as CBDC (govs are the least tech savvy entities on the planet gluck creating, testing, and releasing a working product--they will be forced to embrace what centralized tech already exists as btc goes parabolic and they realize time has run out)
...or something like that lmao
Reality:
ppl still don't even realize why we have alt seasons after all this time lol...once the fiat plunge protection team has lost the battle against btc going up they capitulate and start buying alts in order to build a position in btc. It's million times harder to stop the inevitable natural forces of a market (only works on smaller time scales and then when u lose, u lose bigger). Once supply is dried up (as we speak this is occurring) any real buys start pushing the market higher and higher and faster and faster until everyone realizes that everyone realizes the suppression game is over.
In other words, once those who would seek to prevent btc's rise (we're going well beyond $500k as i've spoken about over the last year) realize they have lost the game, it's a lot easier to get a position in bitcoin by pumping various, much smaller illiquid markets into oblivion (faster than btc) then it is to stop btc from rising! After this becomes evident in the tape, speculators/whales join in, and eventually the general public.
Then they sell for bitcoin, allowing them to have established a position for much cheaper then they would have if they had bought in the open market.
but what do I know? Will publish this in my >ltc-joe TSN blockchain sooner or later under the charts directory.
gluck
On both the US and BTC charts it looks like a strong, impulsive move up could be imminent. It won't take much to get her going, and once she does she tends to pick up momentum quickly.
Narrative:
Defi ponzi looks to have popped
XLM the standard can serve as CBDC (govs are the least tech savvy entities on the planet gluck creating, testing, and releasing a working product--they will be forced to embrace what centralized tech already exists as btc goes parabolic and they realize time has run out)
...or something like that lmao
Reality:
ppl still don't even realize why we have alt seasons after all this time lol...once the fiat plunge protection team has lost the battle against btc going up they capitulate and start buying alts in order to build a position in btc. It's million times harder to stop the inevitable natural forces of a market (only works on smaller time scales and then when u lose, u lose bigger). Once supply is dried up (as we speak this is occurring) any real buys start pushing the market higher and higher and faster and faster until everyone realizes that everyone realizes the suppression game is over.
In other words, once those who would seek to prevent btc's rise (we're going well beyond $500k as i've spoken about over the last year) realize they have lost the game, it's a lot easier to get a position in bitcoin by pumping various, much smaller illiquid markets into oblivion (faster than btc) then it is to stop btc from rising! After this becomes evident in the tape, speculators/whales join in, and eventually the general public.
Then they sell for bitcoin, allowing them to have established a position for much cheaper then they would have if they had bought in the open market.
but what do I know? Will publish this in my >ltc-joe TSN blockchain sooner or later under the charts directory.
gluck
Comment:
Operation pump the living daylights out of the monthly candle about to begin in 5.4.3.2
Comment:
cointelegraph.com/ne...rp-in-the-crosshairs
hmmm if only there were another version of xrp but without the brad garlichouse, escrow account of 50 billion xrp, and company behind it one could imagine how it would be pumped into absolute oblivion on this news hmm
hmmm if only there were another version of xrp but without the brad garlichouse, escrow account of 50 billion xrp, and company behind it one could imagine how it would be pumped into absolute oblivion on this news hmm
Comment:
Not really surprising initial market reaction to this news. We've seen lots of news events like this impact the markets in a similar fashion before. My interpretation: news drops, before the market gets a chance to digest the meaning of it, there is a kneejerk reaction. I.e. bitcoin and the entire crypto space drops (clearly irrational an impulsive bots trading news like reaction). In other words, bitcoin and xrp coudl not be farther apart in terms of what they represent, with that said xrps bull markets do usually occur a midst bitcoin bull markets as the great reset crew realizes they have lost the fight on preventing bitcoins rise so their only option is to pump their side of the asset class (a similar dynamic occurrs in all alt coins as i've spoke nabout before). But I digress. So, basically, the news drops and market incorrectly prices it in as a negative for the whole space (or at least that's what some who influence the tape would want you to believe). Now here we are, bitcoin has fully retraced its drop, shrugged off the news (which makes complete sense), and is ready to continue on shattering all time highs. Let's talk about XLM (the point of this chart right?)...on the new droppign a similar knee-jerk market dynamic occurred with XLM. Something like this: Potential bad news or rumor with regard to XRP, XRP and XLM are assets of the same class, and the most similar out of the whole bunch...so xrp suffers the most, and using ignoratn bot like logic the thing most similar to the thing that suffers the most should also drop. Nowww, here is the moral of the story: the market is beginning to realize and think logically about the true implications of this news, this is actually the best possible narrative that could ever have hit XLM as a coin. What could be better news for a fork of ripple which essentially aims to exist for the sole purpose of "well maybe the xrp technology is good, but it would be better without the legal entity/company behind it who own most of the equity in it and control it's future" ...there literally could not be a better scenario for XLM. So now what? Well, if this is actually the perfect narrative for XLM, the way I see it is this is a beautiful buying opportunity for the coin. This pull back is an amazing setup. Could I be wrong? Sure. But I don't think so. If I am right I should be right in a BIG way. I think what that would look like is bitcoin breaking out above 24k (signalling the wider space coudl nto care less about this news) and then further, xlm prospective buyers starting to price in the reality of this narrative, and continuing to pile in on last months huge monthly cnandle inverse head and shoulders break out. We could potentially see a full retrace of this pullback turning the current monthly green, and who knows, given xlms past price action and momentum based trading, you could see it literally make new ATH's within the next week or so.
That's my take. COuld be wrong and xlm just goes to zero LOL. But I really don't think so. Would you really want to bet against the king? I say pack the trunk well u still can before we blast off into the stratosphere ^-^
That's my take. COuld be wrong and xlm just goes to zero LOL. But I really don't think so. Would you really want to bet against the king? I say pack the trunk well u still can before we blast off into the stratosphere ^-^
Comment:
