Based on RSI and MACD, plus BTC recent movements I will be waiting until a drop into the 4000-4200 range before entering a long with Stellar.
I will be looking to buy back in at 0.20-0.21 USD which would mean a fall within this range (unless BTC breaks upwards which I consider unlikely).
I will update this chart regularly.
This is not trading advice, just my own personal idea and thoughts. Safe trading out there.
הערה
⋅
Didn't expect BTC to drop so quickly, we could possibly reach targets of .20-21 USD sooner than I expected. I will still be looking to buy within that price range.
הערה
⋅
XLM continues to fall against USD, now at 0.22.
הערה
⋅
First target of .21 USD reached.
הערה
⋅
Second target of .20 reached. Expect further downwards momentum.
הערה
⋅
Targets reached, further drop expected. I have removed my buy order at .195 and will wait on better entry. Currently hovering above .1910
עסקה פעילה
⋅
I have closed my trade with a buy at .185 and .182 USD. For those buying in BTC target of 4167/4135 (exchange dependant) has been reached but we could see a lower price in the coming days.
Do you think that it is possible also a drop below 4000 sats at this point?
TheMagpie
⋅
@canogan, Reasonable to assume it will if BTC is going to drop to 4000, which I believe it may, otherwise we may be looking at buying in around the 4100 mark. Personally I moved my XLM into fiat on the 15th before this drop so I am still looking to make buys below the .185 mark. If BTC pushes up I will buy within the .20-.21 USD range, however I don't think a rally right now is likely.
astronautdotgg
⋅
I agree, don't FOMO in. December will be a great month for XLM because of the decentralized exchange and lightning network.
TheMagpie
⋅
@bobismyname, Unfortunately every bullrun we will have people that buy at the top. I agree with you Stellar is looking great long term, I am behind it 100%.
invisiblefriend
⋅
just keeps pushing !!!
TheMagpie
⋅
@invisiblefriend, yes for sure although the entry I'm looking for is $.20-.21 since I moved my crypto to fiat after the initial leg down on the 15 November. The BTC price is a little misleading because the XLMUSD price is falling slightly.
TheMagpie
⋅
Still looking to buy within the .20-21 USD area which would increase my stack ~25%
TheMagpie
⋅
Bought back in at .185, could have waited and got .178 but trying to catch the bottom can be a fools game.
SnowSnob
⋅
Awesome post..,
I've been buying XLM since around .03 and this has been my best performer - ( I watched it go to around .90 new year 2018 ).
It's now my biggest bag, I just went "All-In" around .20 (.00004439) this morning and hoping for a Happy New year 2019!