prodigy81

XLM: will be among stellar in April or around 23.03

Long
BINANCE:XLMUSDT   Stellar / TetherUS
As you can see I'm between fractal of Dec pump or Jan pump.
This is only my POV (not trading advice - do your own research): we are in a huge descending triangle and comparing black circle ( fractal from January) we are doing a triple bottom pattern ( bullish ).
We are also bullish with the fractal from December pump - because we are respecting the same timing: 41 days of retracement (-52%) + sideways movement; and checking EMA's "purple circle" we become bullish at beginning of purple circle, reversal to bearish and reversal to bullish at the end of the purple circle bullish ... This will fundamentally respect the event that will occur at the end of the month 3/31 ( https://twitter.com/samconnerone/status/... )
There's also another event: "the #Stellar test network reset is scheduled for 03/17/21 at 0900 UTC . (...) https://twitter.com/StellarOrg/status/13... "
The end of March is also end of month, I mean normally we become bearish (of course) and it's also the end of Q1.
I think (only my thoughts) that we can be pumping either on 17-23.03) or only on April. Connecting with BTC , where everyone is wishing the new ATH ... Maybe we'll go 70k (and correct before end of Q1), maybe we already start to correct. Either way, XLM will have to wait for this movements (in order to have less BTC dominance promoting altcoins pumps.

Comments

I'm kind a new in this and I like your posts. They are very educative. Thanks! Could you tell me what connection could be beetween the volume and correction? As I see in February we had a lower volume then in January but we had a rise. Could this be the problem? As I read when price is rising on lower volume it's a bearish signal. Maybe I'm wrong, like I said I don't have too much experience. Just trying to learn more.
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prodigy81 Mada2868
@Mada2868, I'm also learning. What can I say about XLM (volume JAN and FEB) and BTC. BTC was non-stop pumping from 01.27 until 02.10 (30.7k to 48.1k breaking ATH on each day). It only paused 02.09-02.10 and 02.11-02.15... During this period you can see on XLMBTC and XLMUSDT chart some significant volume / peaks (01.29 and 02.01) but quite different from Jan and December (big news/events). February was "scaling out from BTC" that was doing a +64% in 20 days. So it's normal that all the other coins pumped with a +64% on the biggest crypto coin. Just remember that exactly one year ago ("Corona's Dump") BTC was dumping towards 4000 USD and XLM was going to 0.02596.
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But in the same time, in January, even in February we had bigger volume then December. Almost 10 times bigger. If price would be proportional only with volume, after this correction we should go higher then 1.5 Usd. Like I said, I'm new and trying to learn. Sorry if my questions are a bit stupid or ignorant.
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