watch out for that level
more at 6k and finally we will get to 4600 is my prediction...
its gonna head down to 4500 to shake of weak bulls before riding higher ground...
wait for it to breakout for fireworks
based on the volume profile
trend... if and when we reach the RSI like we did at 3K level that would be a safe zone for making long bets..until then watch and wait...
will we visit that region...its possible
when btc fell from 6k to 3k it did in similar fashion...we have another 44% to go down... I will buy at that time for a bounce...
There are two support structures at 4600$... I am sure 6k will break because it didnt provide any resistance last time and it may not provide the needed support this time.. Also RSI is still falling Also there is a 200WMA at 4600 that should help this case as well... So i plan on waiting till that to see what happens... Waht else is at 4600?
added one more line which had some validity and certainly fits the bill...we shall see 13 more days... i want to see major crash so that stocks drop and then i may get a buy...we will see...
see chart for bottom and timing
BTC is going to collapse soon to the major support zone at 5k... get ready for this wild ride...i have a asset in mind to buy if i get the buy price...but i need the price to collapse fast...only with vast volatility will we get the opportunity to buy at lower prices and sell at higher prices... note that the 200wma has held support like a champ on two occasions...
another thought about BTC... last time it fell 40% from the 6K level and this time it could fall similar amount and test the 6K level from top... i doubt it is going to 3k again...as proven before there are too many buyers at that level...forget about that level
BTC 5680 could be the higher level bottom...bear market is over...btc will never see these levels again as the tech is maturing... BTC is now more a trading instrument rather than being used for transactions....it has more power now as a trading pair than anything else... Every exchange on the planet offers BTC to other alt pairing for trading...this fact alone...
BTC should find support at the lines shown...then should start its climb up the ladder as shown... Yes you are free to copy this idea and share it as your own because we are all winners Make sure to like and share....make this post number one on TV...
They will test both bulls and bears as this is a very emotional highly charged trades... Now we are in the thick of it...it will not move fast for XLM...it will be held by that support volume structure that we see to the left... BTC on the other hand is going to test 6K from top and then take its sweet time consolidating.... the game is not over yet...
wait for it...once it breaks out...it will leave lot of them chasing...
Potential tragectory of XLM most probably will look like this