casrules

STRAT new cycle ahead ?

BITTREX:STRATBTC   Stratis / Bitcoin
strat bottomed out ? first we need to see some volume coming back and a breakout of the downtrend. Maybe new cycle ahead of us.
Comment: testing downtrend resistance and W top. If we break this i will open a position and see if its worth it. Currently not trading this.

Comment: No breakout. Full retrace. Probably forming a Spring or even worse. Thats why you dont enter a position until breakout confirmation.
Comment: Support holding strong for now. Giving more hope to hold. Just wait and see what happens.

Comments

So sell?
Reply
casrules devilninja777
@devilninja777, Depends.. i think in 2-3 month the price is way higher so if you looking to invest long term this is a good price right now. but you could get a better entry thats why I have no position yet and just watching what will happen. If you trade short term just put stops below current support zone and let the market decide. Hope this helps.
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