• The awaited breakout for STRBTC is coming, been waiting for this ever since I stocked up on STRATBTC at 0.00126btc. The triangle is seemingly primed and if the breakout occurs to the upside we could see some very, very nice profits. STRBTC has been forming this triangle for most of June, so it looks like we could see a long-term uptrend for most of July based on the sole fact that it has completed it’s ABC correction wave. Three "Take Profit" zones, labeled #1-#3(1: 0.00476btc, 2: 0.00632, 3: 0.00736btc), use risk management when choosing a "Take Profit" zone. • Godmode: White line is approaching blue line while blue line is moving up, and even touched blue line a little ways ago indicating an entry position; also indicating an uptrend will be the next move. Blue line is no where near the 80 point indicating the uptrend is not even close to being exhausted. Caution dots near 20indicate support from below pushing it back up. • Aroon: Aroon Up (Blue) crossover with Aroon Down (White) line happened between 30-70indicating a confirmation of the reversal, Aroon Up is staying above 70 indicating it is a strong uptrend. • Fibonacci Arcs: Looks like the uptrend will follow the thicker of the Fibonacci Arcs or; the closest Fibonacci Arc to it until it meets resistance.
Great TA and i am glad i made the decision to cancel my stop order of 0.00235 given it dropping to 22 yesterday.
Do you still stand by your initial prediction or are you now out of the trade?
Thanks
Enhancement321
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It might hit 0.0015 BTC.
JoelLeeBakNam
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Strat is showing lower highs and relatively equal lows, doesn't this seem like a descending triangle? With BTC and ETH instability, it could break major support instead. This is just a perspective though.
Godly
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@JoelLeeBakNam, Yeah more biased to the downside but since it was continuing long-term uptrend; after it broke the long-term uptrend the bias is more to the downside.
JoelLeeBakNam
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Also, this type of pattern is being shown by other alts like STEEM and XLM. Any thoughts on those?
Godly
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@JoelLeeBakNam, A lot of the other alt-coins are being affected by BTC's decline.
Enhancement321
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I thought the Breeze Wallet would make a splash.
lemistermoi
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Hey sorry, what do you mean by triangle for wicks? the second right triangle?