Hello, welcome on STX / BTC chart analysis.
4h timeframe for this chart.
Looks very interesting to buy breakout of this triangle.
Possible goo profits in resistance zone.
Calculate your position size according to your risk
Blockstack (STX) has completed the bullish Cypher pattern by its volatility.
The initial leg was started from Dec 2018 then A to B leg retraced between 0.382 to 0.618 Fibonacci and B to C leg projected between 1.272 to 1.414 of A to B leg's Fibonacci projection.
Now the C to D leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for bullish...
Watch Blockstack for potential pump.
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We caught the first bounce for STXBTC which generated 33% of profits.
Now prices went below the last low while printing bullish divergence with the MACD and RSI.
Another bullish move can follow.
Here are the numbers for us to trade.
This is not financial advice.
Trade: Blockstack | STXBTC
BUY: 0.00001000 - 0.00001250
Price action of Blockstack (STX) / Bitcoin is forming bullish Cypher pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closed below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.1030 to 0.0930
Sell between: 0.1108 to 0.1297
When you look at the chart for Blockstack (STXBTC) on Binance, you might get the feeling that the potential for this pair is limited but that isn't the case.
If you look at the full chart, on CoinMarketCap or using any other method, you can see that STXBTC is trading near ATL (All-Time Low) prices hit back on the 14-Dec.
The move we are seeing now is just...
Here I have the chart for Blockstack (STXBTC) for you fully mapped.
This is a young chart, no long-term history, so the analysis can be less accurate than usual.
A new ATL was hit recently and a strong bounce is taking place.
Now STXBTC is above EMA50 (0.00001835), which is a really good signal.
Trading volume is really high, supporting this bullish move.
Priceline of Blockstack / US Dollar is forming a bullish Cypher pattern and soon it will be entered in potential reversal zone.
Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.1794 to 0.1766
Sell between: 0.1815 to 0.1866
Almost Ready to Break the Falling Wedge Pattern in 4h Chart..
Volume is Increasing & Expecting Big move in Few Hours..
in Daily Chart, Double Bottom As Well So Grab it Before FOMO/Big Move..
Buy Between 2000-2100 Sats
Sell Targets 2170-2280-2430 Sats
Stop Loss Below 1970 Sats
Buy With 5-10% Potfolio..!!
A great increase in volume upon breaking resistance at 2150 satoshis, creating a bullish pivot; 2150 sats level should now act as short term support. We can expect further upside in the short/mid term as multiple time frames are quite bullish. As shown in the chart, short term resistance is at 2400 sats while mid-term resistance is at 3000 sats.