STORJ Coin Potential 5 count: Most of this hinges on BTC to continue running and FIL Coin holding the gains it has achieved up to this point.
Looking for a potential 5.00 area in the near term if BTC holds up. with dip entry potential down at the 2.67 ( 0.5 ) and the 2.30s area down at the ( 0.618 )
If BTC tanks then we are looking for a push down into the 1.80s - 1.30s area for a low cost swing entry.
we seen the run from posting day to 3.70 area and now the pull back down to the 2.30s .618 area. watching close for a BTC break down and or FIL to tank and push the sector down overall and take this to the last stop 1.80-1.30s entry zone down at .786 and full retrace.
@TPB-HODL, looked good today, pretty much followed #FIL coin around. when FIL dipped STORJ followed.
Funfunction1
⋅
Nice chart and elliot counting! Do you think we are in wave 3? wave 2 dit not go very low? Or are we still in corrective wave 2?
SocalCrypto
⋅
@Funfunction1, could still be in 2. i kinda cover it a little in the video for the lower prices i would be interested in scooping if BTC damps on us all
UnknownUnicorn17255216
⋅
File coin is going crazy more than BTC, what if they are diverging?
SocalCrypto
⋅
@TPB-HODL, has more to do with the fact of what FIL does, it is a bridge to web3 and things like Unstoppabledomains.com also the fact greyscale added them to the mix. unstoppabledomains.com/ those IPFS are now finally coming into real demand.
Bklny
⋅
Any changes from your previous assessment ? where do you think is a good entry ?
SocalCrypto
⋅
@bklny1, All things still equal, #STORJ is following FIL coin around. I would keep an eye on FIL to keep bucking against BTC as it moved up 30% when BTC was down. how long that correlation continues will be till buyers decide FIL coin has hit the right price that is just right for them to pay and sellers decide to leave orders on the ask vs cross the bid.
I expect STORJ to follow that pattern of FIL coin till FIL maxes out, and then either 1. STORJ is still piggy backing off FIL or 2. it is discovered that STORJ is mis priced and undervalued in the market per the Video posted in the link above.
wild card stop loss would be BTC tanks like crazy vs minor pull backs, then all bets are off and BTC will take the market with it. so i would run stop loss and maybe deep entries as well down in the 2.30 range if i had the time to tie up money that long waiting for a super best entry in a potential scenario vs momentum trade the days break outs and pushes.
Jemkie
⋅
Looks like this is it
SocalCrypto
⋅
@Jemkie, I was pleased today, 3.40 was my expected take profit with a eye at the last ATH to just underside of the 4.00 test. #STORJ did that faster than expected and has pulled back today to just above 3 for a retest and hold from above. ( Really liking the pull back and hold over 3, "for now" ) With the price action of the day I decided to leave the trade on and working for now.