I've been watching ASTR for a while now and although I am already somewhat long on this (risk is well defined), I'm looking for confluence for an upside target.
If BTC does nothing and ASTR vs BTC goes up to 300 sats, that's a 21.5% increase from where we are today. If BTC increases AND ASTRBTC goes up, then the increase will be exponential if you're looking at the USD/T pairs.
Now lets talk about this channel - I'm probably going to get a lot of flack for it and understandably so. Let me explain what I am actually looking at here.
First off, I'm not creating this channel based off important tops. I'm making it based on resistance that I can see throughout most of December. Notice that in December there was a significant amount of support at the green median line.
Second, while using the green median as a support zone, I get several significant tops in the form of a wick failure and in most cases they extend beyond those levels.
Third, you may be asking why I don't make my target higher. It's becuase I'm not greedy. There's dozens of plays that I take on a regular basis and almost all of them have been profitable this year. I'd rather take profit, get out, and recycle.
Lastly, even on the BTC pair, we've got a pretty steady flow of volume over the last week or so. It's looking decent to me.
Take your profits and cycle them into additional assets to continue to diversify your portfolio. Don't put your eggs in one basket. Know when to move to cash.
If BTC does nothing and ASTR vs BTC goes up to 300 sats, that's a 21.5% increase from where we are today. If BTC increases AND ASTRBTC goes up, then the increase will be exponential if you're looking at the USD/T pairs.
Now lets talk about this channel - I'm probably going to get a lot of flack for it and understandably so. Let me explain what I am actually looking at here.
First off, I'm not creating this channel based off important tops. I'm making it based on resistance that I can see throughout most of December. Notice that in December there was a significant amount of support at the green median line.
Second, while using the green median as a support zone, I get several significant tops in the form of a wick failure and in most cases they extend beyond those levels.
Third, you may be asking why I don't make my target higher. It's becuase I'm not greedy. There's dozens of plays that I take on a regular basis and almost all of them have been profitable this year. I'd rather take profit, get out, and recycle.
Lastly, even on the BTC pair, we've got a pretty steady flow of volume over the last week or so. It's looking decent to me.
Take your profits and cycle them into additional assets to continue to diversify your portfolio. Don't put your eggs in one basket. Know when to move to cash.
Trade active:
If you like your BTC then you'll love ASTR - it spiked to about 18% so getting closer to the target.
Trade closed: target reached:
This is how you do it.