tripjscrypto

Substratum - Price Action Plays - Looking for targets

BINANCE:SUBBTC   Substratum / Bitcoin
D - MA (8,18) crossed on 1/18 and continued a downward trend with ok separation. Price action is moving towards 36 day SMA . We'll have to wait over the next day or two to see if 36 day SMA provides some support. Its lining up with current w/d support at .00009234.

2-4hr - Below 36, 200 MAs, 8/18 crossed to the downside.
1hr - 15min - All below the 36, 200 MAs but price action moving back to MAs for as resistance.


Play 1 - .00009234 holds as support and price action starts to move up. The overall market is down trending so I'm not to optimistic on this one.

Play 2 - .00009234 support is broken. If this is the case we'll look for .00006316 as a new resistance bottom with buying options on the way there. We'll need to get a close below and confirmation to see this one come into play.

Overall we are holding to see which way price action moves. Overall those long on SUB can buy now as we are in a dip. I'll be watching for the above to make my moves.
Comment: Looks like the downside is coming. Hang tight for more updates..

I"m getting ready to buy buy and buy :)
Comment:

We've broken support at .00009234 so we should see some additional deep buy opportunities. Buys zones updated on 4hr chart
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