Long
*UPDATE* STORMBTC
Setup: *UPDATE* 5/11/18
- We got some capitulation action and broke thru lower trend line due to BTC taking a dump
- Since it's basically bottomed out, could be a great point of entry for most traders/investors
(2x from most recent bull run)
- looking to see if we can retest/break thru lower trend line
- RSI reversing on 1D, 4H time frames and looking to break out of white trendline where the retrace began
Pump Catalyst:
- June 7 (Airdrop for Unsold Tokens to Encourage Wider Mass Adoption)
Buy: <500 sat
- expecting a nice rise leading up to the June 7 airdrop and potential bull run of the overall crypto market
- selling the news
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
- We got some capitulation action and broke thru lower trend line due to BTC taking a dump
- Since it's basically bottomed out, could be a great point of entry for most traders/investors
(2x from most recent bull run)
- looking to see if we can retest/break thru lower trend line
- RSI reversing on 1D, 4H time frames and looking to break out of white trendline where the retrace began
Pump Catalyst:
- June 7 (Airdrop for Unsold Tokens to Encourage Wider Mass Adoption)
Buy: <500 sat
- expecting a nice rise leading up to the June 7 airdrop and potential bull run of the overall crypto market
- selling the news
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
Note
5/14/18 *UPDATE*- bounced up as expected, but got rejected from the lower trend line and now currently in my accumulation zone.
- Expecting for to bounce off the 480 sat level before we try and test the lower white trend line again for possible break out
- RSI looking bullish, but watching to see if we can break the 40 level
- Stoch RSI neutral
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.