BITTREX:STRATBTC   Stratis / Bitcoin
STRATIS is probably forming a bull flag . And there seems to be an upcoming golden cross on the 4hr chart. Noobs who sold the masternodes news shall repent.

BTC             Tipjar
Trade closed: stop reached:
snapshot

4hr candle closed below the bull flag trendline. Seems risky to hope for a new pump. Next support probably is 48k.
You probably are right. Where is in your opinion the end of the flag? I don't see any support at 58.2. (from rsi?)
From the graph it's clear that we are in oversell and i'm confident in stratis project... so I hope for the long term ;)
Reply
dhully pianoweb
@pianoweb,
snapshot

4hr candle closed below the bull flag trendline. Seems risky to hope for a new pump. Next support probably is 48k.
I got out of the trade. Though, take my opinions with salt. I'm a noob trader.
Reply
@dhully, I try not to get out in oversold conditions. There is always an inevitable short pullback which may allow you to exit the position at purchase price and thus avert the loss. Might have to hold for a day longer but it's worth it if you have extra capital to trade with while it plays out. Of course, there is always risk in whatever strategy you employ. The oversold condition can continue for a while and wreck you. Unfortunately, BTC is on a rampage right now, so the latter situation is very likely.
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