Stella vs BTC breakout or fail?
Stellar, which looks to be in a massive bubble, is about to test its last resistance point. It looks to to have enough volume and momentum to break through; however, based on the shear magnitude of the price increase in such a short time, I am currently projecting a retrace back to the 4000 area. It will need to consolidate and hold at 3800-4500 a bit or the token will be just to risky for anyone other than volatility junkies.
I like stellar (a lot), I just don't like bubbles.
Invest wisely for the future.
Please up vote! Since I am very new to Steemit, your vote is really important!
Craig
We see downtrends every January, however this one is different with the introduction of futures on BTC. With the end of certian contracts expiring tomorrow some say we may be in for a good upswing #soon ???™
I agree with your opinion; I also feel we will be in for a good upswing soon, maybe not tomorrow yet, but very soon!
I personally think XLM will not crash, on the other hand I see this cryptocurrency growing a lot more!
Today I wrote an article about Stellar and why the price will probably keep increasing, feel free to check it out: https://steemit.com/cryptocurrency/@maxdigi/3-more-reasons-why-2018-could-be-a-big-year-for-stellar-lumens-xlm
Please follow me @maxdigi, so we can support each other in the future!
Cheers!
Great article you wrote, great points! I As I mentioned I like XLM (alot)!!
Just thinking it may need to settle a bit.
You are being followed. Thanks.
Thanks, will do my best to read your content and support you in the best possible way!
That would be nice! But I'm not sure how much the BTC contracts will affect stellar since it is already in a bubble against BTC (not just USD).
With the CME shorts being re-positioned tomorrow, I do expect BTC to be very volatile and begin its journey back to $6,000.
Thanks for the comment! Please follow and see how I my projections work out.