STRAT

BINANCE:STRATBTC highly bullish sentiment

POSITION:
148000

SIGNALS:
- T&K bull cross below cloud
- Price-Cloud entry & breakout
- Price-T&K bull cross

CAUTIONS:
- increasing RSI & volume (monitor)
- price testing of Tenkan line (resisted)

Comment:

INTERPRETATION:
*opinion* First bull resulted in a constant 6000% increase over ~78 days w/the most significant increase during the final week. No apparent trend w/such significant momentum can be identified except for the initial infant months following release. All other bullish runs were met w/constant testing of resistance levels that ultimately failed & resulted in downward movement. Any significant positive price increases could not maintain momentum for no longer than 2 days before met a bull to bear trend reversal.

TARGET:
0.0293 (6000%) by mid-February
Note: Possibility of target estimated using area extrapolation based from initial bull run.

NOTE:
I am unaware of any external events & variables that could have influenced the value & trends of BINANCE:STRATBTC . Further evidence & confidence is needed for additional entry.

Comment:

CORRECTION:
possible 5500% increase to 0.026 by mid-February

Comment:

POSITION
sold 25% @ 13500 for loss reduction

SELL SIGNAL
- Price-T&K bear cross signals initial possible reversal

INTERPRETATION
Usually this doesn't warrant a signal to sell for me but since STRAT seems notorious for bull to bear trend reversal w/variable support/resistance testing & breakthrough decreasing potential loss seems like a valid option. STRAT doesn't seem to care about the variation in price, strength, volatility, & support levels. If price can recover above T&K lines, reconsideration of buying will be considered.

CAUTION
- T&K bear cross signals sell (likely remaining 75% of remaining assets)
- Price-Cloud entry & breakout to bottom will confirm trend reversal (goal is to cut losses before this happens)
- Price currently dropping & resisting green cloud buying pressure

Comment:

INTERPRETATION
The T&K bear cross & Price-T&K bear cross were strong sell signals. Price possibly stabilized & may proceed to a breakout bull period.

POSITIONS
Sold 100% @ 14100. Consider committed strong Buy @ Price-Cloud entry & breakout.

SELL SIGNALS
- T&K bear cross (complete)
- Price-T&K bear cross (complete)
- Price-Cloud bear entry & breakout (complete)

BUY SIGNALS
- T&K bull cross currently pending
- Price-T&K bull cross (complete)
- Price-Cloud bull entry & breakout will be strongest marker for buy

 

Trade active:

POSITIONS
bought @ 12500

TARGETS
1) 14800
2) 21000

BUY SIGNALS
- bullish flag breakout
- Price-T&K bull cross
- T&K bull cross
- Price-Cloud bull entry

CAUTIONS/CONFIRMATIONS
- Price-Cloud bull breakout

 

Trade active:

POSITIONS
Entry @ 12500 & 14800

TARGET
19600

BUY SIGNALS
- Bullish wedge formation

 

Trade active:

INTERPRETATION
After a few days of sideways trading, a breakout bullish rise in price may have presented itself. Current positions & target @ 19600 remains.

CAUTIONS/CONFIRMATIONS
- upcoming resistance to be tested to further bull run
- RSI at overbought range; hoping for a slight turn back at most before proceeding upward