Calm before the .... STORM /BTC ? Bullish descending triangle Hello all. I am back again. Hopefully bringing some good karma along the way.
We have here a giant descending triangle formation brewing with Storm/btc that has developed over the course of the past 4 days.
There was a solid %60+ percent drop from the initial run up, and it appears the market has found a (hopefully) temporary floor at around the 46x level.
The market attempted to make a push earlier this morning after leaving the triangle but was rejected by the 100ema.
However, it appears it has found a temporary consolidation range between 46x-48x, and all the ema's are slowly starting to converge (very bullish).
RSI and MACD provide tons of room for growth, and I'm cautiously anticipating a sudden spike coming sometime soon.
Tentative target is 869.
Giant support at 435, if you are wanting to set a stop loss.
As always, pay close attention to BTC as it will likely dictate where the rest of the market goes. Take profits when you can.
Happy trading!
STORMBTC
ICHIMUKO CLOUD - STORMLooking at the Ichimuko cloud you can see that the clouds are in the middle of the price line, meaning it is "undecided" and based on the 26th projection it will go down.
The momentum is less and almost zero, The rocket is run out of fuel after the consolidation. The Storm will be back but not for long.
STORM.. Very Strong Resistance LevelWho will win on this very strong level? Looking at the 4 hour chart, you can see a very strong resistance as there are 4 candle sticks with quadruple tops. This may go down or go up it depends with the buyer and seller. My take on this is if the candle sticks above the bullish pattern it will go up. let's wait for further development on this. SO exciting watching this pattern.
Looking for feedback on possible Elliot waveI'm publishing this for constructive criticism. I realize the quick run up in price may be considered an anomaly but it may also be the 3rd wave of an Elliot wave. Not sure how deep a retrace to expect of the current wave 4 we would be in, but 600 sats. seems to be holding. Potential breakout of this wedge in around 8 hours. Looking to be educated so please be forthcoming with the feedback.
STORM - Reminds me of ADA's first chart
Similar chart to ADA, with be sweeping lines, getting a 2.618 extention on wave 3 is quite impressive. I would imagine a 1:1 on previous level is possible. If this were an impulse wave than a 1.618 would be more realistic. I put a little in at the .5 retracement (.00000596) looking to sell 75% at .00000750
$storm update$storm update: good call. 300% up since entry. Crazy profit. I think it should end the 5th wave so we are going towards 900/1000 sats in the next days. It could recover a bit but I'll hold. $storm is mooning
STORMBTCStorm had a big pump yesterday I couldn't notify this trade because we are not trading by jumping into the top of the price. I could recommend to buy the pullback where by you can look at the chart and if it test that red line it will be a buy and enjoy the profits. But if it will go lower the red line which is a moving average I may be a little bearish into this trade. Obvious it should bounce from the bounce line and go high again.
A perfect STORMAll indicators are greenlit. This is the perfect STORM. Uptrend now official!
- MACD approaching zero, a very good sign. Will be excellent when MACD goes above zero.
- MAs 20, 50 and 100 are broken. Price is currently trading above these Moving Averages.
- My favorite public indicator is showing bulls strength.
This is basing on 2H chart.
Storm seems to be going for wave 3 upwards. Target around 400.Based on elliot wave theory and fibonacci we can see that the first wave was done around 335 satoshis. The second wave retraced back towards around 275 satoshis. According to the elliot wave theory wave 3 is the longest and will be at least 1:1 with wave one. Using fibonacci extensions around 275 satoshis this will bring us up to around 400 satoshis.
What do you think? Please leave any comments below and show others what you think.
Silence Before The Storm Bearish Shark Pattern
D leg around 280 sats - 295 sats
All indicators positive
Lets Hope The Sun Shines!Here we have a new coin new chart new opportunity. Storm is the coin, charts looks good and slowly developing into what we want to see to make us some cash!
We have a bullish divergence but we are not ready to enter this coin yes due to the below, but we will prepare ourselves now.....
Ok so the chart tells us that we look to break high but we face resistance and it may be a day or 2 until we see the move.
When we cross the 50EMA we will have aggressive traders buying even based off the 1H chart, but we will be conservative. We need the volume MA to come down a little lower and have volume return into this coin before we even think about breaking.
We do not buy or enter this trade until we see a candle close over the blue line at this point we can enter. This is a trade we need to monitor before we can place a stop loss as the stop loss will be 1% below the blue line but we can't set this until the first 4H candle closes over the blue line. So you monitor this trade on the 4H charts after entering.
We expect a good day or 2 before we see an entry but its best I post this now so you can watch this trade develop.
Being a new coin we are always caution on entry and please be patient.
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