STRAT/BTC Short, Mid and Longterm analysis
Updated
Stratis is looking very good at the moment. There is a nice potential U pattern forming.
Should STRAT break the current resistance (thin red line) then the trend reversal is pretty much confirmed.
A buy order can be set at the designated area. A stop loss should be set at the designated area as the trend reversal is everything but confirmed for now.
If it breaks the supportline (large red line) then it's definitely 'abandon ship' time.
At confirmation you can either set a short or mid term target (or a long term target if you're feeling lucky!)
I'll keep this analysis updated regularly.
Should STRAT break the current resistance (thin red line) then the trend reversal is pretty much confirmed.
A buy order can be set at the designated area. A stop loss should be set at the designated area as the trend reversal is everything but confirmed for now.
If it breaks the supportline (large red line) then it's definitely 'abandon ship' time.
At confirmation you can either set a short or mid term target (or a long term target if you're feeling lucky!)
I'll keep this analysis updated regularly.
Note
Stratis came down a lot. This is a great buying time should you still want to follow the analysis. The BTC/USD rally from 11.7k to 12.8k probably had a great deal of influence. The analysis is still valid!Note
First target already reached. Out of nothing amidst a gigantic BTC rise to 15k, STRAT reached close to 80k tonight. First target has been reached, but I'm pretty confident on the fact that a trend reversal is officially confirmed for now. It should hit that target for a longer term basis very soon. If you set a sell order at 75k, put it back up at 60 - 50k for now.Trade active
Target of 75k satoshi reached a second time around 10 hours ago from typing this.Since then it went back down all the way to 45k and 55k. That was a fantastic buy-in moment. Now it's gathering momentum again and should elevate towards the 75k within now and a few days again.
Great swing trading opportunities now!
Trade active
It's taking a little longer than my little arrow in my graph tried to indicate :').But regarding value in USD, stratis already reached the SECOND TARGET estimate. In terms of BTC it barely scratched the First Target. Stay tuned. Strat is still moving!
Trade closed: target reached
Second target reached. I'm closing the trade here. Great run guys! I hope you made quite some money.
It could potentially go a LOT higher from here on out.
I would suggest you to sell out your initial investment and to continue with the profit you've made. Don't forget to place a stop loss order around the second target as well.
Happy trading guys!
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