alanmasters
Education

Storm Highest Volume Since March 2018 (990% PP to ATH)

BINANCE:STORMBTC   Storm / Bitcoin
I am looking at Storm ( STORMBTC ) and it has printed its highest volume since March 2018. You can see it in the chart below:
  • This is a high volume breakout above EMA10, which was sitting at 82 satoshis. STORMBTC is now sitting at 88 satoshis at the time of this writing. Weekly candle closes in less than two hours, this is signal is as good as confirmed.
  • The MACD is trending up strong and the histogram favors the bulls.
  • We were looking at the weekly chart for the volume , let's take a look at the daily chart now.

Let's look at the daily chart which is the main chart above.

  • Here we have a really strong breakout above EMA50 which is the magenta line. Each time this level was rested in the past it resulted in a rejection. Now it has finally been broken giving out a strong bullish signal.
  • Over 990% profits potential to STORMBTC all-time high.

If you would like to see a full trade for STORMBTC , make sure to hit like. If enough people hit like I will share a very safe and profitable trade with over 50% profits potential.

Thanks a lot for the continued support.

Namaste.
Comment: Trade: Storm (STORMBTC)

BUY: 80 – 89
(Avg. 88)

NEXT SUPPORT: 69

TARGETS:

(1) 92
(2) 100
(3) 109
(4) 114
(5) 122
(6) 136

STOP: Close daily below 64.
Comment: Keep and eye out on this one.
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Related Ideas

Hi mate is storm still a good buy?

Cheers
Reply
alanmasters AnthonyManuelDosSantos
@AnthonyManuelDosSantos, Give it more time to consolidate before its next move.
Reply
@alanmasters, thanks mate
Reply
Thanks for your great anlysis @alanmasters :)
One question : we are seeing a lot of high volume trading on several altcoins, how would you interpret that ?
According to a potential bottom context for many of those altcoins, is it a signal strong enough in itself to announce a bull trend (and a breakout) ? Is that whales accumulating ? Can it be a bull trap also ? and hence how would you manage risk ?
Thanks !
Reply
@DiooTang, I manage risk by trading each altcoin separately.

This can potentially mean that the bottom is in and there will be a change of trend market wise.

Instead of slow and long term down, bear market, we can have slow and long term up, bull market.

Only time will confirm this.
Reply
DiooTang alanmasters
@alanmasters, thanks for your answer and awesome 10altcoins analysis ! ;)
+1 Reply
@DiooTang, My pleasure, glad you like it.

Namaste.
Reply
This gonna be easy 30% imo
+3 Reply
@LijiLe, Thanks for sharing.
Reply
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