Trades999
Long

SNT/BTC; Let's double your money?

BINANCE:SNTBTC   Status / Bitcoin
Please be advised that this is only an idea, so you are responsible for any losses yourself.

Dear followers,

First of all, don't forget to follow and like my ideas. Don't hesistate to ask me questions or to post your chart below. I like to discuss charts in a normal way. :) Besides that, I also give updates and trading ideas on Twitter .

I just bought some Status, I'll buy more after breaking resistance levels: dotted line, resistance (1). Bitcoin is quite calm at the moment, but if BTC will drop heavily again, I might close this position (earlier). I still have short positions in BTC as mentioned in previous ideas.

Status is in a downtrend since it's all time high. What we see now are excelent circumstances to find higer levels again. Since the beginning of this year, Status is trading on very low volume . Last week, suddenly we saw a sharp increase of volume . It's often a sign buyers come back. The price failed to break out it's triangle the first attempt, but the volume is still high. I expect a break of the resistance level soon. The dotted line is our first resistance. After this, the blue resistance line is second. A break of this resistance will trigger buyers and the 50ma is the first target then. The RSI gives plenty of room to skyrocket towards the first fibbo level. This will be my final target.

Buy: Now or when we close with a candle above resistance.

Profit targets:
Target 1: 0.0000149
Target 2: 50ma
Target 3: 0.0000231

SL: Below support (2)

In summary: We have a lot of signs Status is ready for it's next big move and the circumstances are excelent!

Please, follow and like for more trading ideas.

Questions? Feel free to ask and your feedback is welcome!

Trade closed: target reached: First target and second target reached. I'll keep updating it for the final target
One question keeps me wondering, do you double your money or just your bitcoins, lets say you play this trade, you get in on 0.00001229 and then out on 0.0000231 but that day bitcoin is on 3000 usd, then you will still have same amount of usd as the time you went in. Or am i missing something, do you expect the trade to reach the targets very soon?
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@carstr, You are right. In this case the title isn't right. It should be "Let's double your BTC". If it isn't possible to stick a coin to USD, I always trade with the dollar chart next to it. So also the SNT/USD chart.
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nice TA & Description :) I am new to TA & trying to learn will you please share any sources from where you learned? & from where I can get a precise good practical knowledge about TA as there are many available but everything not worth reading.
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Trades999 umairceo
@umairceo, Thanks for the compliment. I'm making plans to launch a traders community where professional traders can come together and also where beginner traders can learn. I already claimed website domain :). I have to say that I learned the most from 2 professional Dutch traders. The funny thing is, that I disagree with them a lot nowadays. I never learned from a book. So I don't have good sources. But you can find a lot of signals and indicators I describe on the internet :)
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umairceo Trades999
@Trades999, hm that will be good for all !
Well then I will follow your ideas & try to learn & ask some qns if you dont mind
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Trades999 umairceo
@umairceo, No problem. ;)
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