cryptoculto
Long

Sirin Token Trading Idea

BITTREX:SRNBTC   Sirin Token / Bitcoin
SRNBTC couldn't look any better. Ascending triangle , within a huge falling wedge , and about to breakout from both. Stoch RSI just coming out of the oversold zone and huge volume compared to prior weeks. I mean, even if it doesn't work out, this is a great setup.
update ? i think i've entered too late ( at 4200 )
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@Dikano, You probably entered at a better price than me. You're good. Your entry was good. There's a chance for a drop down to 3200, and I don't see it going below them, but if such case, it wouldn't be a bad idea to buy more, but even if you don't, I think this is an easy 50-100% trade.
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Dikano cryptoculto
@cryptoculto, thanks for the reply man i saw the 4020 drop today thats why :D im still nu to this im glade you guys here to help
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@Dikano, no problem!
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The volume is somewhat artificial, for lack of a better word. You can see on bittrex that it's a lot of (usually) 5000 SRN orders that are bouncing back and forth super quick (in less than 1 second) for tiny gains (if any, considering the bittrex fees). It started this month and looks fishy. It could be a malfunctioning bot because it takes "ages" to buy or sell for everyone else. The bottom line is, it looks to me like someone is actually losing money to bittrex just to pump the volume. If its done deliberately. I don't know.

And with regards to the ascending triangle, thanks, I hadn't seen it that way. But I somehow think its first gonna break down a little before its ready to move higher. I could be wrong.
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@Hbasm, you're correct. Someone else pointed the same out on Twitter after I shared the chart there. I don't know what it could be but certainly a concern.
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