What up trader's, investors and all my moonboy Jimmy's and Kimmy's. Here is an update on XLM. My count changed slightly from my last analysis, but as of now, XLM does not want to break $.25 support. This is known as a higher low. On the BTC chart, Bitcoin doesn't seem to want to break 46k. Again, another higher low. I have labeled my 2 scenarios on this simple chart that I have laid out for you guys. There basically the same scenarios as my last analysis, however I labeled a larger ABC flat and what I believe is going to happen in the near future. Now, if Bitcoin breaks 42k, this whole analysis goes out the window. This is not financial advice and always remember to set your stop losses. A break below 42k on BTC will destroy the crypto market as it's target would be 30k. So far Xlm is holding strong and I'm really hoping we see a move to the upside real soon. I'm heavily invested in this coin since $.08 not only for long term , but l and opened up an additional 70,000 xlm long position at $.252 and so far I've not been stopped out. I feel I'm in a great position to make a killing if this thing takes off with minimal losses if it doesn't. Wish me luck. Happy holidays to everyone and be safe. Happy trading.
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Looking good so far!! I will be closing 25% of my 70,000 Xlm long position from $.252 at resistance of $.306. This will give me $1,110 nice profit to start!
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I closed the rest of my 70,000 xlm trade at $.29 after we failed to break $30.6 on the way back up. It's do or die on this idea as of now. I have my stop loss set on all of XLM holdings that I've had for long term. BTC must hold 40k. If you entered this trade when I said to based off my previous analysis which was the $.25-$.27 area and closed it at $.30.6 where I did on my first take profit, you would have made some nice gains. Let's see what happens!!!
yep ur right nothing has changed. it's always been the same with this coin. if yr lucky very very lucky this coin will 3x while everything else under the sun 5-10-20-100xs.
God i hope it comes back down. I got into XLM/BTC and it looks like it’s outperforming BTC rn… i figured BTC would outperform XLM until altcoin season. I effed up so far lol. Lost some XLM from that so far…..
mfibbs
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@Bburt94, I try not to trade that pair. I'd rather just have btc and xlm separate against usd and let then do their own thing. Plenty of other alt coins that move way faster than Xlm to trade against BTC. If my analysis is correct, xlm should out perform BTC. BTC has to break 53k for anything to happen.