Updated

STRAT

299
$BINANCE:STRATBTC highly bullish sentiment

POSITION:
148000

SIGNALS:
- T&K bull cross below cloud
- Price-Cloud entry & breakout
- Price-T&K bull cross

CAUTIONS:
- increasing RSI & volume (monitor)
- price testing of Tenkan line (resisted)
Note
INTERPRETATION:
*opinion* First bull resulted in a constant 6000% increase over ~78 days w/the most significant increase during the final week. No apparent trend w/such significant momentum can be identified except for the initial infant months following release. All other bullish runs were met w/constant testing of resistance levels that ultimately failed & resulted in downward movement. Any significant positive price increases could not maintain momentum for no longer than 2 days before met a bull to bear trend reversal.

TARGET:
0.0293 (6000%) by mid-February
Note: Possibility of target estimated using area extrapolation based from initial bull run.

NOTE:
I am unaware of any external events & variables that could have influenced the value & trends of $BINANCE:STRATBTC . Further evidence & confidence is needed for additional entry.

snapshot
Note
CORRECTION:
possible 5500% increase to 0.026 by mid-February
Note
POSITION
sold 25% @ 13500 for loss reduction

SELL SIGNAL
- Price-T&K bear cross signals initial possible reversal

INTERPRETATION
Usually this doesn't warrant a signal to sell for me but since STRAT seems notorious for bull to bear trend reversal w/variable support/resistance testing & breakthrough decreasing potential loss seems like a valid option. STRAT doesn't seem to care about the variation in price, strength, volatility, & support levels. If price can recover above T&K lines, reconsideration of buying will be considered.

CAUTION
- T&K bear cross signals sell (likely remaining 75% of remaining assets)
- Price-Cloud entry & breakout to bottom will confirm trend reversal (goal is to cut losses before this happens)
- Price currently dropping & resisting green cloud buying pressure

snapshot
Note
INTERPRETATION
The T&K bear cross & Price-T&K bear cross were strong sell signals. Price possibly stabilized & may proceed to a breakout bull period.

POSITIONS
Sold 100% @ 14100. Consider committed strong Buy @ Price-Cloud entry & breakout.

SELL SIGNALS
- T&K bear cross (complete)
- Price-T&K bear cross (complete)
- Price-Cloud bear entry & breakout (complete)

BUY SIGNALS
- T&K bull cross currently pending
- Price-T&K bull cross (complete)
- Price-Cloud bull entry & breakout will be strongest marker for buy

snapshot
Trade active
POSITIONS
bought @ 12500

TARGETS
1) 14800
2) 21000

BUY SIGNALS
- bullish flag breakout
- Price-T&K bull cross
- T&K bull cross
- Price-Cloud bull entry

CAUTIONS/CONFIRMATIONS
- Price-Cloud bull breakout

snapshot
Trade active
POSITIONS
Entry @ 12500 & 14800

TARGET
19600

BUY SIGNALS
- Bullish wedge formation

snapshot
Trade active
INTERPRETATION
After a few days of sideways trading, a breakout bullish rise in price may have presented itself. Current positions & target @ 19600 remains.

CAUTIONS/CONFIRMATIONS
- upcoming resistance to be tested to further bull run
- RSI at overbought range; hoping for a slight turn back at most before proceeding upward

tradingview.com/x/0dlpjEkH/[img]

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.