There are very clear macro waves in play and we are in a macro wave 4. we could be here for months, although the excitement around xlm could make this weeks.
If you are a trader, you should've already sold if you held xlm this long.
At this point, you can continue to hold UNLESS btc dumps again. XLM has already established a dump zone of around 3100 satoshis. if you are watching the markets and btc clearly enters dump mode, sell your xlm . You don't even have to run to USDT. just be ready to buy at 3100-3300 region. It could fall through there...but just givign you a way to increase your stack by 25%.
I am giving all the scenarios of ending wave 4 (good, ok, and bad) and all the scenarios of wave 5
likely 1 to 1 move of wave 3
gets us to 8k/9k satoshi range, depending on end of wave 4
Dream scenario: Everyone is expecting strong alts to storm the gates of btc dominance sooner or later.
XLM could form and then have blue sky breakout...
decentralized exchanges using xlm as revserve currency
sub cent fees
see extended fib levels for that possibility...
The application of Elliot wave over such a long period of time (6months+ in this case) especially in the world of Crypto seems questionable to me.
Most elliot wave people see no end to the fractal nature of the waves. They pretty much all consider larger and larger elliott waves in formation.
I should note here that because we are trading in an exponentially increasing btc, technically we should use the xlm/usd chart for elliott waves. it's so hard to actually have 5 macro elliott waves in crypto because with btc increasing so much, wave 4 inevitably falls well below the peak of wave 1; which is a hard and fast rule that should not occur.