We have a neat and clear downtrend starting June 2022 for STXBTC but as November approaches we can see lots of bullish action.
This action is supported by high bull volume on green days but as prices decrease the bear volume is low.
This signals we belief is saying that the downtrend is coming to an end and the bullish action that became evident in November was due to some purchase being made by whales.
Are we early to the party? We will know soon enough...
We see a 44% jump once the breakout happens and the bullish wave can reach 125% initial within 1-2 months.
There is higher potential long-term.... But we have to start somewhere, we go step by step.
Additional details on the chart.
Namaste.
Comment
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One month has gone by and we hit 97% profits with more to come.
Trade closed: target reached
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The main target has been hit... It went above 125%.
There will be more of course but the purpose of this trade idea, which was to predict this breakout, has been completed.