STXUSD above the 1D MA200 after 3 months!Stacks (STXUSD) broke above the 1D MA200 (orange trend-line) for the first time since July 20. Our target last time (see chart below) on September 19 was 0.65000, which is the 0.618 Fibonacci level:
The price is now on important crossroads. If the 1D candle closes above the 0.618, we will buy again and target the previous High at 0.89000. On the first closing below the 0.618 Fib though (or if it never closes above the 0.618 in the first place) we will sell and target the 1D MA50 (blue trend-line) at 0.52500.
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STX
STX at daily and 4hrs TF resistance In our post about STX symmetric triangle, we let you know STX will pump hard if breakout and retest the symmetric triangle…. As we can see STX did good pump after breakout and retest.
But right now we need to listen to what the PA (Price Action) is saying as we are currently facing daily resistance and 4hrs TF resistance…. I’m expecting a little correction here to 4hrs support below as indicated in the chart…. Be safe
Follow for more market update and you can chart us for trade setup
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(STXUSDT.P chart)
(1D chart)
It has touched the 0.4704-0.4781 range and is rising, but it is currently judged to be in an awkward position to enter.
Accordingly, I think priority should be given to confirming support around the 0.4704-0.4781 range.
(1h chart)
It shows an upward trend, rising above the 0.4803-0.4923 range.
However, because a box section is formed in the 0.4985-0.5296 range, there is a possibility that the rise may be limited.
Accordingly, it is necessary to check which direction it deviates from the 0.4923-0.4985 range and check whether the movement continues.
However, since entering a SHORT position is considered more risky, I think it is better to wait and then enter a LONG position.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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STXUSD Watch out for the 1D MA50 break-out!Stacks (STXUSD) has been trading within a Channel Down pattern since the March 20 High. Yesterday it made the first break-out attempt above the Internal Lower Highs, but closed back below it. At the same time it got rejected exactly on the 1D MA50 (blue trend-line).
A similar Internal Lower Highs trend-line dictated the first part of the Channel Down and after the 1D MA50 broke and closed a candle above it, made the Lower High at the top of the Channel Down on the 0.618 Fibonacci retracement level.
As a result, we will wait for the 1D MA50 to break in order to buy and target the 0.618 Fib at 0.65000. There is a high probability that it will make contact with the 1D MA200 (orange trend-line) on that level.
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STXUSD Buy break-out soon.Stacks (STXUSD) had a very strong 1D green candle yesterday and is about to hit the 1D MA50 (blue trend-line) for the first time since July 20. As the 1D MACD just completed a Bullish Cross yesterday, if the price closes a 1D candle above the 1D MA50, you can quick buy and target the 0.618 Fibonacci level. Further closing above it, would be a first, unlike the June 21 Lower High and we will take the break-out buy to target the 1W MA100 (red trend-line) at 0.81000.
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STX 🔋👽 -Charged for 0.77 Or Higher?STX IS OINE OF MY FAVORITES..YOU HEARD BEFORE:
One of my favorites and a reliable choice for a very good 3 successful trades.
If you are not aware of what STACKS is you should def look into it as it has immense potential going forward.
STX is a Bitcoin layer for smart contracts
What Is Stacks (STX)?
Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.
Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications.
Stacks has knowledge of the full Bitcoin state, thanks to its Proof of Transfer consensus and Clarity language, enabling it to read from Bitcoin at any time.
All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower. In order to re-order Stacks blocks/transactions, an attacker would have to reorg Bitcoin.
My spot holding have grown from 20 cents to almost x5 and the leveraged trades went even better...
Only Bullish on this one as i see 10-18 range for the next 2 years.
One Love,
The FXPROFESSOR
Links: Ordinals and STX Among Projected Beneficiaries of BlackRock ETF coinedition.com
Stacks bullish outlook in focus?👀!! 🚀STX Today Analysis💎A breakout of a descending channel to the upside, and is currently trading above the Point of Control POC of the Volume Profile Visible Range.
💎This POC is acting as a support level, indicating high volume and signaling bullish momentum.
💎There's a possibility that STX might pull back to retest the trendline of the channel before moving upwards - both scenarios are on the table.
💎Additionally, STX is currently in a high demand area, further confirming the bullish outlook.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
✴️ Stacks UpdateThis is the same chart I shared 7-June on purpose. Notice how prices moved below the stop-loss/support just to recover even faster, within a day with high volume and a bullish engulfing candlestick pattern.
The RSI is strong and supported by rising volume. When such shakeout moves take place, this is a strong bullish signal. The only reason for big market players, whales/exchanges and market manipulators to produce these shakeout moves is because everything is about to grow.
So they want to shakeout "weak hands"... Are you in it for real or do you have doubts?
If you have doubts you sell and quit, if you are certain you buy more and/or hold.
Now that the shakeout is complete, the markets can grow.
There can be more volatility and additional shakeouts, keep this in mind... No surprise, trading cryptocurrencies is tricky, the market is new and more advanced than the old ones.
We have to be smart and be prepared.
Diversify and plan ahead.
I am wishing you tons of profits, great luck, wealth, health and abundance.
I love you now and always.
Thanks a lot for your amazing support.
Namaste.
STX - Stacks I believe in YouThe increase in Stacks explained:
It’s unusual for a cryptocurrency to announce a 2x return in this down market. However, Stacks (STX) was able to do this in June because to a few fortunate circumstances. Although the smart contract platform and Bitcoin (BTC) are closely related, many customers consider Stacks to be a better option for their wallet.
While waiting, you can wonder where to invest your money to make a similar or even better purchase. A different funding platform, VC Spectra (SPCT), which is expected to experience an exceptional 10x rise, may provide a workable solution for early blockchain and technology start-ups.
Since its inception at the beginning of 2021, Stacks (STX) has given Bitcoin a new layer of usage, riding the wave of rekindled interest. The price of STX is growing as a result of several fundamental Bitcoin-related events. The main one is BlackRock’s decision to submit an exchange-traded fund for Bitcoin.
Curiously, it is with the SEC, the same regulatory body that is engaged in legal conflict with Coinbase, who may serve as the ETF’s custodian. However, there is a lot of institutional interest in Bitcoin (BTC), which has benefited Stacks (STX).
Other commentators have said that Bitcoin has an advantage over other currencies since the SEC views it as a commodity rather than a security. Additionally, that is advantageous for the Stacks blockchain.
Stacks have increased by more than a factor of two from $0.43 to $0.88 since June 10th, 2023. In actuality, this doesn’t mean Stacks (STX) is safe. But if this trend keeps up, Stacks could eventually reach its $1.50 goal by 2023.
Chart:
I see 1.07 as the key all time trend line S/R level.
Price will most likely do go there for a check..if that level fails price will come lower but i still see most likely the breakout happening which unlocks 2-7$.
Ultimately i see STACKS in the 10-19$ range in 2025-2026
One Love,
The FXPROFESSOR
STX - only SEC registered crypto & Bitcoin Smart ContractsI am loading up on STX mainly because it is the only SEC registered crypto project out there.
Also Stacks allow users to deploy smart contracts on Bitcoin Blockchain - you might have heard Ordinals recently, NFTS on Bitcoin. There arent many other strong candidates with such fundamentals.
It has already broken out of the down trend, and seems like finding support above a major resistance.
STX: Navigating the Ups and DownsStacks (STX), a pivotal token in the blockchain ecosystem, has been charting an interesting course. A coin integral to the functioning of the decentralized apps and smart contracts on the Bitcoin network, STX has been showing signs of volatility, encouraging traders and investors to examine its performance closely.
Snapshot: Current Market Scenario
As of our analysis, the price of Stacks is at 0.7078, representing a drop of approximately 4% over the past 24 hours. This indicates a recent bearish sentiment in the market. However, as seasoned traders would affirm, the tide in the crypto market can turn swiftly, and current bearish trends do not rule out a potential bull run in the near future.
The Short-term Picture: 1 Hour Time Frame Analysis
On the one-hour chart, we observe an RSI value at 40, a level typically regarded as the brink of the oversold territory. This suggests that we might expect a potential price reversal or at least a pullback in the near future. Confirming this speculation is the MACD reading of -0.0068, which could indicate a shift in the market momentum towards the upside.
The Fibonacci Retracement, a tool used by traders to identify potential levels of support and resistance, shows 0.6988 as the 0 level, 0.7480 as the half level, and 0.7871 as the first level. These levels could play a significant role in the future price movement of STX. A volume oscillator at -18% suggests that trading volume has decreased, a trend often preceding a significant price movement.
Mid-Term Prospects: 4 Hour Time Frame Analysis
Zooming out to the four-hour time frame provides us a wider perspective. The RSI and MACD continue to indicate a potential bullish reversal, reaffirming the readings from the one-hour chart. The Fibonacci Retracement levels for this time frame are 0.7111 (0 level), 0.797 (half level), and 0.8829 (first level). An increase in trading volume may be required for the price to reach these levels.
The Long Game: Daily Time Frame Analysis
On the daily time frame, the indicators paint a slightly different picture. The RSI is sitting at a neutral 56, the MACD at 0.0358, and the stochastic is at 57, all hovering around the middle of their respective ranges. This neutrality suggests an equilibrium between buying and selling pressure, and we might be in for a period of consolidation.
Fibonacci levels are also of interest, with 0.8829 as the 0 level, 0.66 as the half level, and 0.4371 as the first level. These will likely be the critical levels to watch out for in the near to mid-term.
Wrapping Up
To sum up, despite the recent downward movement, the technical indicators suggest a possible change in market sentiment for Stacks (STX). The divergences between the different time frame charts underline the importance of considering multiple perspectives when forming a trading strategy.
The crypto market is dynamic and rapidly evolving, and while technical analysis can provide us with a roadmap, it’s important to stay abreast of the broader market news, changes in regulations, and macroeconomic factors that can impact the crypto landscape. Remember, trading always involves risks and it's crucial to trade responsibly based on thorough research and analysis.
In the case of STX, a coin that plays such a fundamental role in the Bitcoin network, both the micro trends (as indicated by the hourly and four-hourly charts) and the macro perspective (
from the daily chart) offer crucial insights. The technical indicators suggest a potential upward trend in the short term, while the daily chart may indicate a period of consolidation. As always, staying tuned to market fluctuations is key in this exciting and unpredictable realm of cryptocurrency trading.
Stacks emerges top gainer with 13% surge 🔋👽STACKS was a great entry for us yesterday and a very promising one for the future.
1.17 mid of ascending channel
1.795 technical resistance
2.38 end of ascending channel
19$ potential for 2025/early 2026 (where i see end of next cycle)
Stacks is a blockchain protocol that leverages bitcoin’s security and state through the innovative proof-of-transfer (PoX) consensus mechanism. With this integration, Stacks seeks to enable smart contract capabilities on the bitcoin network and bolster scalability.
Per data from price-tracking platforms STX, its native token, has been the biggest gainer among the top 100 assets by market capitalization in the past 24 hours. With a13% surge, STX has outperformed bitcoin (BTC) over seven times within this timeframe.
Let's go STACKS!
The FXPROFESSOR
🔔 Jingle all the way, oh what fun it is to ride the STX train🚄🔔Merry Xmas to all SEC and Powell bears:
🔔reference:
🔔Dashing through the snow
In a one-horse open sleigh
O'er the fields we go
Laughing all the way
Bells on bobtails ring
Making spirits bright
What fun it is to ride and sing
A sleighing song tonight, oh!🔔
🔔Jingle bells, jingle bells
Jingle all the way
Oh, what fun it is to ride
In a one-horse open sleigh, hey!🔔
🔔🔔🔔MERRY XMAS JEROME, MERRY XMAS SEC!🔔🔔🔔 HAPPY NEW YEAR BEARS!!
The FXPROFESSOR 🎅
OH I FORGOT: STX IS A TRAIN 🚄🚄🚄🚄🚄🚄🚄🚄
🅱️ Bitcoin Short-Term (Another Shakeout, Why?) +AltcoinsThe reason why shakeouts are happening to the downside is to kill the longs, as many longs as possible.
The only reason to "kill longs" is because prices are about to grow strong on a mid-term basis.
If Bitcoin was set to drop as the main move, not short-term noise, then instead of whales killing the longs they would be letting them pile up and instead kill the shorts.
Many longs can pile up and then all be removed in one hit with a long squeeze, this is what will happen to the shorters soon enough...
Tomorrow is an important day, read the latest update on this trade idea below, about the 4/5 consecutive days pattern, it will break everything we've seen since January 2023; Tomorrow is the decisive day!
🅱️ Bitcoin 1,2,3,4 Steps Pattern ($35,000 August 2023)
Remember how we are using XRP as it is leading the market?
It is already giving signs of a higher low... Green Monday or bull trap?
Only hours left!
✴️ XRP | Higher Low, Starts Recovery?
Thanks for reading.
Remember to boost, comment and follow.
Visit my profile for update on all the main Altcoins (BNB, SOL, LINK, ICP, FIL, STX, FET, UNI, DYDX, etc.)
Namaste.
✳️ Stacks vs Bitcoin Long-Term | Complete Cycle MappedHello my dear Cryptocurrency trader, let me show you why I am bullish on Stacks vs Bitcoin long-term.
November 2022 marks the "All-Time Low", left side of the chart. After we hit bottom, the only place left to go is up and this leads to a massive bull market.
A bull market leads to a bear market and this is also clearly marked on the chart.
The bear market most come to and end by hitting a new low and in this case a long-term higher low (January 2023 higher low vs November 2020 all-time low).
Between June 2022 and January 2023 is the "consolidation phase", same as Bitcoin and the rest of the market and then comes a bullish breakout, recovery, the new bullish phase and it starts with 333%.
Such growth needs a correction, now taking place, a "steep correction" on the chart... This correction will lead to a new bullish wave, the continuation of the initial breakout. This is true for the ENTIRE CRYPTOCURRENCY MARKET.
Thank you for reading.
Namaste.