XLM recovery as BTC dominance falls again

Panjang

Stellar / Bitcoin (BINANCE:XLMBTC)

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BINANCE:XLMBTC Stellar / Bitcoin

My first idea posted on TradingView, mostly to try the feature that allows playing the idea into the future (present). Very simple expectation here without much data to corroborate apart from incoming BTC dominance breakdown of 69%, strong diagonal support for XLM/BTC and breakout from weak local resistance seen between October 9th and October 11th.

Komen:

XLM/BTC rising smoothly still in accordance with overall idea. Wouldn't be surprised to see break-out at any time now. Drop below 720-730 unlikely but possible, especially if there's a fakeout caused by sudden BTC move towards 8500. BTC move towards 9000 invalidates this idea, so pay attention to BTC price.

Penafian

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