If xrp hits 44 dollars by the end of the cycle and this chart plays out then XLM could be worth 59% less than XRP, which is still a higher ROI than XRP, but I really don’t know if this scenario will happen or not. If someone could take a look at this chart and expand on the idea it would be nice.
In the real world, a patter like this should not exist. But this broadening edge suggests that an XLM to BTX ratio could be 0.00037, which means that if this happens when btc is at 140k then XLM would have to be at a staggering 53 dollars, which means its market cap would have to be at 1.5 trillion dollars. This is too much. This will never happen in the next...
In the past 6-8 months every time I have published a bullish idea about XLM price has crashed vehemently with no shame in contradiction to all my ideas. So when you see an XLM idea on TradingView by me, it is in itself a signal to run away from this mad dog. On the other hand, I still think this scenario will play out. The price will not hit the highest trend...
A successful retest of the 2,070 - 2,080 level is gonna set Gold up for an explosive bull market. That’s the rational scenario, but markets tend to behave irrational so there’s that risk as well.
I’m comparing March 2017 to March 2024, because I have run out of bullish ideas and this is the last thing that comes to mind. Look at the chart in the comment to see the comparison.
Simple stuff. Support broken. Next support 63-63.5k. Potential server sal from the 63k support level if we do not break/close below it.
So everyone’s posting bullish posts agains because XLM has gone up one cent. I’ll just throw this out here…
Breaking out of this hell hole deserves a celebration, if the market doesn’t act irrationally like always and price doesn’t go back into the descending channel.
XLM has the potential to hit a ratio of 1:1 against XRP.
If btc dominance does not manage to break out of this descending channel and the resistance stands as it is, there’s a chance dominance will drop to the bottom of the descending channel giving the Alts some room for breathing.
If you’re bullish on Dxy, at least wait for it to clear this resistance level. Calling for 115 and 120 and 140 without technical evidence nor confirmation makes you sound no different than the Bitcoin moonboys.
47k is an important level to watch. A successful retest of this level means we will head to the 52k resistance level. a failed retest and a breakdown from 47k means we will see 45k again.
This is not an analysis. I’m just posting this chart to shit on those who are calling for an overdue crash. Since the end of the bear market, bitcoin has had four 20% corrections, but somehow there are still a bunch of halfwits who call themselves analysts, experts, and traders on trading view spreading their bs about a crash. Are you really that dumb and don’t...
DXY has 42 hours before the weekly candle closes as a shooting star. If the index does not fluctuate to the upside before the weekly candle closes, It could mean that a potential trend reversal is ahead. A single candle is not good enough of an indicator to predict market direction. I’m just sharing what I see and what it could possibly mean for the index. Even if...
I want you to see how there was an established ascending channel and then it broke the structure, but still after a long time it managed to get back into the ascending channel and continue the trend. I just feel like this market structure rhymes with what we are going through right now.
I just want to throw this out there and let people know that an ascending channel exists and while we may have gone below the ascending channel I thought it would be interesting to consider this scenario. I’m not predicting this will play out. It’s just an idea for entertainment. I’ll share another post after this and I want you to see how these two ideas rhyme...
This scenario is a possibility for the long term, but I have no evidence to support such a scenario. I just know the next few weeks are gonna be crucial for this idea to hold. DXY is headed for the resistance line of the descending channel and a breakout + a successful retest of the breakout will cancel out this possibility.
XLM has to go through lots of s***t to regain its dignity against BTC. The pair is currently trading within a descending channel. Upon confirmation of the bullish divergence on the weekly RSI and a breakout from the channel, I have set my sell target for the pair between 0.000014 and 0.000015