Stellar’s Fractal Shows How Epic the Next Crypto Bull Market Can Be

Tony "The Bull" Severino

5 years ago

2 mins read

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The crypto altcoin asset known as Stellar, or XLM, was among the worst performers during the bear market.

However, a powerful fractal found on the asset’s price chart could show just how epic the next crypto bull market can be.

Bitcoin Halving Triggered Massive Crypto Upsurge and Alt-Season Last Cycle

In late July 2016, Bitcoin had its second-ever halving – an event pre-coded into the protocol that reduces BTC supply.

The bullish event caused Bitcoin price to breach its previous all-time high, which caused a massive resurgence in interest to the crypto market.

Bitcoin rallied, but the also caused altcoins to begin to shine. By the time the bubble popped in late 2017, the crypto market ballooned to over $750 billion, from under $10 billion.

Not only was this growth driven by Bitcoin, but also altcoins like Stellar lumens (XLM) going parabolic.

Now, a fractal may be forming on Stellar price charts that could send the price per XLM token flying high, but could also be an example of how epic the next crypto bull run will be.

Stellar Lumens (XLM) Fractal Points To Explosive Altcoin Rally Soon

Stellar, or XLM, has suffered for over two full years of a bear market, falling from nearly a $1 per XLM token to under 3 cents at the low.

That 99% fall from the peak, may soon be a thing of the past if a fractal forming on the XLMUSD trading pair plays out.

Following Bitcoin‘s halving in July 2016, XLM began an accumulation pattern that closely resembles the current price action on XLMUSD charts.

Fractals are repeating patterns that are found in price charts and nearly everywhere in the natural world.

After a breakout from the trading range, XLM grew from under a penny to nearly ten cents.

If the fractal plays out, and the same sort of price action takes place following Bitcoin’s next halving – due in just a few days – then Stellar could experience another astronomical rise.

A similar rise would take Stellar price to a new all-time high, above $1.50 per XLM token.

It wasn’t just Stellar that had a similar run at this time. Its closely related cousin, XRP also exploded after the halving, along with nearly every other altcoin in what was a powerful alt season.

Bitcoin also continued its ascent toward its all-time high price set at $20,000.

Most crypto assets are forming what appears to be bottoms that closely mimic the last crypto market cycle. The trigger for each new bull market – Bitcoin’s halving – is finally here.

This XLM price fractal could be the best example yet of just how epic the next crypto bull market will be.

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.