$XLM testing the upper bound of the bull flag it's been form | Cryptoinsightuk on Binance Square

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$XLM testing the upper bound of the bull flag it's been forming since November and its local high of $0.61.
3 Day looks lovely

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0.2887

-1.70%

241

0

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Bessent suggests stablecoins could bring $2 Trillion of demand to US treasuries in the short term. IMAGINE the positive market impact that another $2 Trillion + of stablecoins would mean?! I swear whenever we see $1 Billion in $USDT minted Bitcoin surge

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I feel we are here. We have touched our first dense liquidity area and have rejected a little. Back on October 29th, it took us 8 days to correct 9% for $BTC from this level. When we found our low and bounced, ALTs rallied. We were here on $BTC.D: Do I think think the structure will be EXACTLY the same? NO. But do I think what comes following this move is an explosive move for $BTC and ALTs with the likelihood that ALTs out perform and start to take market share? YES. Remember this is what happened with $XRP. IF you want more or my thoughts as to what comes next for $XRP, please read my newsletter out later today. FREE as always

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I’ve been saying for a week or two now I thought we were somewhere within this pink circle. I think today showed us exactly where we are. I’ve highlighted below but will make it more clear tomorrow when I wake up. If I’m right and this is accurate, the next major bounce / push to the upside for $BTC is where ALTs take over in terms of % gain. If we are moving similarly to last October / November (I think we are), then $XRP ‘s next leg is imminent. I’ve gone into detail on $XRPs next move and what I’m doing about it in tomorrows newsletter

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Watching this $XRP weekly resistance level. This could be the first weekly close we get above this trendline since our local top in January. This coupled with the Bullish Cross on the RSI (as we touched on yesterday) is something to watch. Nothing confirmed and I'd like to see some more volume come in, but it's definitely positive if we get this close. 2 Days 13 Hours to hold / push.

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Full transparency I just sold some of my $REKT bag. Making 60% in 11 days is sick. I will add again IF we retest ATHs. IF we don't send it!

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