This chart is XLM related and it should point out the buy/sell interest. (Classic market cycle)
It is very simple ... At the beggining when the price went sideways (2016-2017) there were no sellers and Interest increased It was followed by massive pump where most sellers appeared and took their profits.
The sell interest increased massively and buy interest is really low at that point.
As price keeps dropping down so are sellers running out of coins to sell. So sellers are during the time decreasing but people which want to buy in with the decreasing price are increasing so is Interest
I think XLM reached the point where interest at such price is much bigger then the amount of sellers and the price should react on it. In practice it means we should start bull trend here. The chart below is copy of previous fractal for easier visualization of the sellers/interest (In perfect world it could copy the trend but this is crypto)
In the previous chart I made write up on the XLM fakeout - breakout and retest of the downtrendline It is part of this TA so I do recommend you to take a look at chart below.
------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Yes great, thinking the same. most people don't know what the stellar network does. it's insane as programmer, and an exchange with so low fees.... nearly nobody know API Horizon
Anoinvest
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@Allec, People missing some pieces of the whole puzzle picture. XLM is huge opportunity for 2021-2023 for sure. Big things are coming for Stellar
Gaengphed
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Pretty good on track! Well done!
UnknownUnicorn5401999
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Thank you for posting this! I'm curious if the XLM is set around $18 because BTC is expected to hit 100k, or is there a certain percentage your multiplying the price by? I think BTC might overshoot to $200,000 + and I'm questioning if XLM could potentially be $28 - $35 due to the overshoot price of BTC. I've been accumulating XLM for the past 3 years and have obtained 210,000 coins, so it'd be nice to hear your thoughts! :D
ash033
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@UnknownUnicorn5401999 even if Bitcoin reaches $200,000 I don’t think XLM will even come close to the prices your saying.
toxicenigma
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i8myapl
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Honestly, I dont see XLM reach $1 anytime this year, unless they come out with a really big announcement that would get them more attention and as a result more investors would have more confidence.
Anoinvest
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@i8myapl, All I can say is .. buy the fear (rumor) and sell the greed (news) Buying news never worked for me to be honest sir.
lozoot
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@i8myapl, they burnt half the supply and markets barely flinched. I dont think any announcements will make a difference.