We are technical analysts and we love the charts.
We love the candles and the amazing tool that this is.
Since you can get everything from the charts, hardly ever we take the fundamentals into account.
Here is one exception though, we love Stacks as a project and we have been trading this pair for long.
STXBTC (Stacks) hits a new high today compared to April...
Hi friends, hope you are well and welcome to the new update on the Stacks ( STX ) coin.
Previously we had a nice trade of STX coin:
On a 4-hourly chart, the price line of AMB has formed a bullish Gartley pattern.
1. Mainnet lauched a few months ago. You can stake to earn BTC
2. Was one of the biggest laggards early on. Also one of the projects that got talked about a lot in the past and people slowly forgot, but it is one with pretty big goals
3. Largest and cleanest triple bottom / accumulation, with a gigantic breakout and retest. 1+ year long and looks super clean
Long and short STX/BTC
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea...
The price had a breakout from weekly resistance and now the price is testing as new support. IF the price will have a breakout from historical daily resistance, According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
STXBTC formed a bullflag on the daily and it has been confirmed in my opinion with yesterday's brakeout. It also closed above an important resistance yesterday.
Volume also looks good. So in my opinion we will probably see a rise to 4483 satoshi.
Taking the weekly chart of STXBTC into account, it looks pretty good in my opinion: With last week's candle an...
Keep Stacks (STXBTC), formally known as Blockstack, on your watchlist.
Right now we have a continuation pattern building upon the daily timeframe... Prices can easily move higher.
STXBTC has also been added to OKEx and we are seeing major bullish action going there right now.
We can also appreciate strongly bullish indicators.
The next targets are mapped on...
Blockstack looks good.
Accumulation pattern formed and breaking out right now.
Part of a bigger accumulation pattern.
Nice green volume.
further upside very likely, until completion of the bigger wave D.
Just an idea.