StorJ (STORJ) – Strong Shot (608% Profits Potential)

Today I will be sharing a technical chart analysis for the cryptocurrency StorJ (STORJ).

I am a day trader, and I look for signs in charts that make me, and all of my followers, a lot of money with little risk.

Looking at my list of coins to look at, after just going through a few of them, StorJ stood out.

First, I remember the name, which means that it had some really good support and action in the past. And then there’s the chart analysis, which is really what decides our next trade. The charts will tell us: Is this a profitable coin? Is it near its bottom or top? Is it good for beginners and experts a like? Well, let’s see. No, no wait, NOW, let’s trade.

The breakout already happened for StorJ, so we are not that close to the bottom, we are actually in consolidation right now, but that’s no big deal, we have a “stop loss” if things go south. Also, StorJ has been holding really strong after reaching its high after its breakout a few days ago.

So let’s look at this coin with an open and calmed mind, relaxed heart before taking a few deep breath… Ok, again, let’s get started… Now, let’s trade.


*** StorJ technical analysis ***

*** Instructions

Buy-in: 0.00010000 – 0.00012710

Stop-loss: 0.00007199

Target:

(1) 0.00024300
(2) 0.00033250
(3) 0.00040220
(4) 0.00047510
(5) 0.00057800
(6) 0.00070800
(7) 0.00105320 (New all time high)

Note: Use the targets as reference points to sell when you want to take profits. Not all targets are meant to be reached. 100-300% is more than enough profit, and, consider starting to selling small amounts of your coins as soon as you are 30-50% above your own buy-in price. Just some quick suggestions.

*** Indicators

- StorJ daily chart is in the positive, but there aren’t many bullish signals other than a strong breakout a few days ago. What we want to focus on, is longer term, more profits in the longer term. The weekly chart.
- StorJ started a new positive uptrend last week, and took this week for consolidation which ends on Sunday, end of year. For the new year, depending on how this week closes, StorJ is set to give us some very strong positive action.
- The RSI indicator allows room for massive growth on the weekly chart. And the STOCH is trending positive. The MACD does not have enough data for this coin, it launched around July 2017 on Bittrex.
- On the shorter time frames, 1h, 2h and 4h chart, there is a lot of bullish sentiment. This sentiment is shared throughout all the indicators that I use, which can give us the positive close we are looking for week / year, and then manifest a strong trading week at the beginning of 2018 and beyond. These are a lot of “ifs”, but the charts are showing signs of strength and positive action in the future, way, way more than any bearish tone.
- Low volume, around 225 Bitcoins at the time of posting, allows for massive growth.

*** Notes

- StorJ all time high happened on the 12th August 2017 @ 0.00070899.
- 0.00012720 Is the level where we will face our first major resistance.
- Invest only money that you can afford to lose.
- Don’t put all of your eggs in one basket; diversify.
- Tip the waiter.


*** My message to you

Today I went to the future, to see what it was like.
It was blue, it was green, no… It was LIGHT.

I loved the future but in the end I always come back.
Why is it that if we all want to be in the future, we always live in the present and can’t help but to think about the past?

Forget about the future, the future is the present because with the present we create.
So if you want to have a beautiful, rich future.
Start living it today.

Namaste.

Trade active:

Looks like were are going straight for the first target.

I secured 'some' profits @ 100%. So I can now trade risk free.

Comment:

I've read that Cryptopia and YoBit have over 300 coins, in comparison, Bittrex has around 190. So try those exchanges if you don't have access to Bittrex.

Comment:

StorJ Targets:

(1) 0.00024300 *** Target reached @ 0.00022844 ***
(2) 0.00033250 *** Next target ***
(3) 0.00040220
(4) 0.00047510
(5) 0.00057800
(6) 0.00070800
(7) 0.00105320 (New all time high)

Ok, we reached our first target. We are going to retrace now, consolidate and eventually we start our climb to the next one.

Comment:

I know that everyone is already wondering about support/re-buy levels. This cannot be "predicted", but these are the levels that I see that might turn as support:

30 min Chart:

Comment:

So far we reached the 0.00016100 price level as the bottom of the retrace after reaching a top. I already reloaded on StorJ and now patiently waiting for the next run.

I don't expect the next run to happen tonight, nor tomorrow or ever. I simply wait and let the market decide.

One thing will happen for sure though, I will be selling on target.

Comment:

My STORJ trading channel on the 4h chart. We have plenty room for movement while we maintain the uptrend, so this is going to be a long, nice, profitable ride... ENJOY!

Comment:

Right now we are on a period of consolidation, this can take a while. After there is enough of it, we move to the next target.

Remember our trading channel, the new uptrend, it is really big, so we have plenty of room for swings.

The price can go down all the way to 13000 satoshis and we would still be on an uptrend, a bull run. So please keep that in mind.

Here is the channel:

Comment:

We are consolidating nicely within the channel. This only needs hold time, we only need to wait. You only need to wait... if you want to.

1D chart:

Comment:

STORJ is looking for support and it looks like it has been found. If this support levels holds, we will consolidate for a few days and then get back to action:

- 4H Chart (Black lines are close support levels - if this are broken, we move than. If they hold, we consolidate and prepare to start new upward action).

- We are still up positive.

Comment:

Here we hold patiently, we are still far away from our stop loss and we've been in this trade only since 29th December. So we can wait, yes we can do it. I can do it.

Trade active:

We are still above our initial channel and above buy-in levels. We had a huge run when I opened this trade, so a retrace and consolidation is needed, this is exactly what is happening now. Once support has been established, accumulation will happen and we go on our next ride.

Here is the daily and weekly charts, with support levels:

Comment:

I am holding this and every other trade.
We are in a market wide correction, and for this we halted trading for a few days.

Bitcoin bounced from support and right now we are waiting to see if this support level will be re-tested.

We need to allow a few more days to know how things will turn out. To get better and stronger signals.

The altcoins are looking better now but still have a way to go.
For now, we hold patiently. We hold strong.

P.S. Tomorrow we will have a better understanding as to where Bitcoin is going, but we will resume trading soon.

Thanks for your support. I love you!

Comment:

STORJ Is breaking out strong on the short term 2h chart, take a quick look:

The daily chart also looks good. We will know more when the day closes today:

Trade closed manually:

StorJ gave us great profits and it is a coin that is always moving, we see action all the time.

I will be closing this trade idea for now until I can share again in the near future.

You can still hold and sell on target. You can still follow the instructions above.

I am only closing this trade idea because I won't be able to update it during my business trip. Once I am back (and the Bitcoin correction is over) I will be revisiting this and many other coins.

Thank you for your support.

Comment:

STORJBTC is waking up, and it has huge potential to move up:

Highest volume on the daily candle since December 2017.

Comment:

StorJ has bottomed out and is starting to wake up.

Another run is coming... preparing to have some fun.

Namaste.