After the Red day (correction day, lol :), I call it as red day where most of the coins are red), BITTREX:XLMUSD moved into the Descending triangle pattern.
When / Where to buy?
1) One Can buy at the demand zone, where price took the support and bounced. (0.088-0.099), Add on Dips. 2) One can buy on breakout of the Pattern around(0.126)
What is the Target? Width of the Triangle mouth ie., close to 70% ~ 0.201. The tricky part is If BTC value increase then our Target value changes. So take your call.
What is the Stoploss? The decisive break below the demand zone. Currently, 0.088.
Good luck.
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20% gain so far. $0.14 may resist for some time.
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As we expected $0.14 or 0.00000860 is resisting. The momentum and strength is nice, so I would expect the price to cross the resistance.
Next resistance would around $0.17 or around 0.000012000, this may be little big one.
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Resistance was broken and moving ahead.
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Accumulating on the resistance, it could zoom in at anytime.
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Huge sell off on all the altcoins. Because of BTC run, we have to wait for BTC to stabilize.
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Thats a good come back. 900 holds good for XLM. I would buy around 900-970 for a target of 1250
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XLM on consolidation. when it gets boring, breaks out. Lol.
1250 is just 10% away. Another successful call :)
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New targets on Stellar on BTC.
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My bad, apologies, I have posted Stellar on XLM call. My apologies.
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Removing this chart.
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oops, got confused with Straits. All good :) seems need some sleep. :)
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wow, look at the run. $1 in 3 months ???
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Seems XLM got tired.
not comfortable with the setup. Set your stoploss please
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It broke upside and close to the ATH. I believe It would retrace before any move. So book all at 1550. Buy back at lower levels aroun 1200-1300, or buy on breakout of ATH (above 1600)
wHEN all altcoin are going down like this because of BTC.. should we hold and wait or catch the btc frenzy?
maheswar81
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@Spaceballs, I have booked profits on each and every resistance. Few coins I forgot to set up stop loss/targets, now in the loss. As it was hammered heavily from the top, I would hold and wait for a pullback.
I would sell on a pullback (Catch the BTC) and look for another opportunity.
WorldEconomics
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@Spaceballs, - If you match a BTC Chart to Altcoin Chart, typically, the Alt coins go up when BTC goes down.
akhileshavarma
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Any updates on this mahesh?
maheswar81
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@akhileshavarma, Accumulating at Resistance, it can zoom at anytime.
akhileshavarma
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What are the MACD and RSI values you use for these?
so if btc increases, It will decrease or increase?
maheswar81
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@pwitzz, lol I would say it is Million dollar question. It is about Money flow. If New money flows into BTC, without disturbing Alt coins, then it wnot.
If Alt coins money flows into BTC, then it would fail.