Update XLM (Stellar Lumens) BTC - Zoom in 15m - Looks good

10 янв. 2021 г.

Zoom in 15 minutes.

A bullish looking setup with the ma50 now acting as strong support. Ma20 is probably going to stay above the ma50 and imho all systems are go to attack that so important 0.000012 level again. MOON is above that, but let's take it step by step from here. I rather don't see price trade below the ma50 very short term (except for a spike candle which is reverted asap), that's a serious warning sign I have it wrong. That this idea wasn't a good idea at all...

Note that -- as on so many occasions - the confluence between (relatively) 'flat' Bollinger Bands and the Ma50 gives great entries. If you are in from there, you are safe whatever may happen. You don't let that turn into a (big) loser, stops near entry. Trading from the sofa. It works on all timeframes, and the 15 minutes makes no exception. The latter is therefore really suited for daytrades or trades with a 2-3 days scope, or as a zoomed in entry within the scope a larger idea/longer term trade.

There is something more to it to explain though, it's not all that simple sadly, and I will try to work that out in a more elaborate idea later.

Safe trading and meet you in the comment section if XLM is a crypto you (want to) trade or HODL!

10 янв. 2021 г.

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We are trading under the ma50 which I don't like at all. I want to give it room though, given the total setup and the fact that a btc usd ST resolution is near. Probablt the two will go hand in hand. Maximum stretch Bollinger 15. Stops right under. Not talking about HODLERS of course, daytrade.

10 янв. 2021 г.

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I am out (not LT holdings, this particular trade with attached idea). You can stretch but there is a limit to that and that limit was reached under bollingerbands 15. Gonna reopen soon probably after some new reference points. Nasty price action short term, difficult day.:-( NEO still doing well though.

ForecastCity_World has a nice idea on XLM longer term. You should look there.

10 янв. 2021 г.

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Triangle still valid, sooo close.

11 янв. 2021 г.

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It's mental torture XLM today. Just rubbish...Basically we are flat since Jan, 8. You can draw any pattern you want, draw an elephant in it, it will bounce on and off somewhere, if you want to see it. . It's just flat and random noise.

11 янв. 2021 г.

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When zooming in brings mental disturbance, three things to do: 1) make a walk outside or go jogging or whatever you tend to do, 2) remove all short term drawings and 3) zoom out.

Look @ this guys. 61.8 fibonacci level could match with that trendline support (confluence and not on a small level, those are two major elements). Maybe I'll work this out more thoroughly in an idea. wanted it to share already.

11 янв. 2021 г.

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We are there now. ma50 4h. KEY level. Space is in heavy weather today (night here).

11 янв. 2021 г.

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618 fib + ma50 4h + trendline support

Under (when we sail more south we have the next fib level 786 + trendline support

11 янв. 2021 г.

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Interesting setup ST now. Looks like XLM is absorbing it all.

11 янв. 2021 г.

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BREAK!

11 янв. 2021 г.

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BTC is a sad show though. 32k could hold but I expect undershoot towards 30k. Then an epic bounce.

11 янв. 2021 г.

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An epic day for BTC. Black Monday. Please flush now, then back up. HODL (I mean it).

11 янв. 2021 г.

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Support. Undershoot possible, could lift off from here.

11 янв. 2021 г.

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I have been around quite a while, witnessed many things , this stands out except the NYSE flash crash.

11 янв. 2021 г.

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We all knew it was coming that big drop only we didn't know when, so we stayed in. And rightly so, surprises occur at the upside in bull-trends and we are in for the long haul.

I trade alts to gather btc, not usd. So if btc fails my alt trades are for the garbage belt. It's 'all in' really, not just dipping a toe. I mean 'all in' with trading capital, not your 100 percent assets. You are allowed to live in the meantime.

11 янв. 2021 г.

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Random noise sadly. Still @XLM. Btc bottom is in imho (pic later).

This pic I made yesterday actually, it's a draft. But hey let's throw it in.

11 янв. 2021 г.

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On the 4h it maybe is more clear.



It's just 'a' setup, could work out otherwise but it is clear t me that this fib level 618 is truely important. We have under still a parachute but I really would like to see this area hold.

11 янв. 2021 г.

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BTC low

12 янв. 2021 г.

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Promising.

12 янв. 2021 г.

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Slightly off topic, where to enter the market?

Bollinger ma50

12 янв. 2021 г.

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You almost always have one bounce in play, even its going lower afterwards. Then it's risk managment next. You could work with tight stops (hence in this case stopped out with no or minimal loss, ready for a new opportunity to step in), or you could set stops below first ST resistance. That's all to decide in a predetermined plan. Flexibility may be part of that, but a predetermined flexibility. That's no paradox. You really need to know before entering the trade in which conditions you leave it (although exact price levels are maybe in the unknown at that point). Could be for instance I stop mu trade under a decisive close (no wick) bollinger 15.

13 янв. 2021 г.

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Possible inverse SHS

13 янв. 2021 г.

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Still look' good. Not much more to say right now. I am holding this trade, as well as my LT holdings of course. The latter is logical, it's long term, I mean months and months to come.

13 янв. 2021 г.

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I mean, you cannot be bearish when seeing this, right? It's all sweet lookin'. (of course always question yourself, never be too vain)