David, you think there are a few more weeks of price rise? until Mobius launches in November if i am correct?
In normal conditions, that would be the case without a doubt, but:
- 1st: On Monday August 8th we'll have Japanese and Koreans back to the market, so new money will be flowing again and they are very focused on NEO.
- 2nd: Tomorrow we'll have the 1st ICO NEO based and there's too much attention on this one, so that's the reason NEO keeps so stable on 770-780K Sats when all the other alts are crashing much more this weekend.
- 3rd: A new Bitcoin hardfork is coming, so too much money will flow to Bitcoin crashing down altcoin prices again as the last hardfork, that will be on October 25th, but I'm sure it will affect XLM price too.
Take in count the Redpulse ICO is tomorrow, and NEO Keeps on 780K, Redpulse was a heavy reason why NEO went from 450K to 850K, but all this week NEO was steady because the Asian holidays, but NEO could explode tonight because of groups pumping it.
On weekends the market is slow usually as you can see, XLM started to slow down and turning into a downtrend by now, but that could change drastically on Monday while Asians are coming back to market, the 550 Sats price was groups pumping it hard, I saw it myself, my safe bet is 550-660 Sats rise this week, and later down below 400 before the ICO, if other groups keep pumping it, it can go much further based on TA.
For me I'm selling every time it hits 500-550 and re-buying when it goes down to 450, so I keep adding XLM up without risking new money, that's usually the safe way and in fact a way to recover loses when a coin crash after you buy it.
David
