Watching Strat closely..I figure if BTC continues to rally and we continue closer to full segwit activation money will flow out of some alts and into BTC . MACD might converge on the 4h, we were overbought and now starting to trend down. My signal here is the 4+8d moving average line crossing the 18d average to confirm a reversal. This might present a nice opportunity to short and/or buy low if we see the downtrend continue. Possible H&S forming too might turn a good opportunity later on as well.
Has it confirmed and the losses will change the trend for growth? :)
freshbrok
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Hello,
Do you think it will continue to fall?
LincolnDevine
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@freshbrok, I think the BTC rise overnight is a bull trap which means strat may fall to complete the H&S
freshbrok
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Thank you for your message
I'm new to this business and I'm learning :) happy to buy low on LOSS. Do you think that at what level can you set the purchase? = 0.0016 will it be okay?
LincolnDevine
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@freshbrok, Do your research and buy if you think it is a worthwhile project in the long run..it will fluctuate a lot short term so its tough to say
freshbrok
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@LDevine15,
ok thank you.
zee09
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@LDevine15 nice work! you still think the H&S will form or is it a full reversal to the moon?
LincolnDevine
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@zee09, tough call...history says we oughta bounce off the support and a bounce back on BTC would put us nicely in H&S territory. On the other hand if BTC continues dumps sub 2400 we will continue falling. Still deciding what I want to do here lol
zee09
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nice analysis, i think the crucial point with be at 0.002. if it goes up from there then bullish to 0.0024 / 26 but if it breaks then i agree with your potential H&S
LincolnDevine
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@zee09, reversal confirmed, good strat trade will present itself soon!!