The Altcoins Bull Market | Proof In The NumbersHere we have Stacks, STXBTC, producing some serious growth, some really nice numbers.
This is bull-market type of action; let me explain.
From early January to 20-February STXBTC grew by 200%.
In a bear market, this type of move would happen much faster in the form of a short-squeeze.
As soon as the peak is hit, we would immediately see a major crash that would lead to a lower low.
Currently, after 20-Feb. we have little consolidation followed by additional growth.
STXBTC is hitting new highs, including a new high today for a total of 285% since the last low.
The more it grows...
The longer this bullish wave continues, the stronger the upcoming higher low.
This is bull-market type of action.
Based on what we are seeing now, when the major correction comes we will end up with a higher low.
Higher highs and higher lows... That's bull-market action.
It has been happening for a while now.
Adapt and change.
There is room for additional growth.
Namaste.
STXBTC
✳️ Mapping A 125% Bullish Wave for StacksWe have a neat and clear downtrend starting June 2022 for STXBTC but as November approaches we can see lots of bullish action.
This action is supported by high bull volume on green days but as prices decrease the bear volume is low.
This signals we belief is saying that the downtrend is coming to an end and the bullish action that became evident in November was due to some purchase being made by whales.
Are we early to the party?
We will know soon enough...
We see a 44% jump once the breakout happens and the bullish wave can reach 125% initial within 1-2 months.
There is higher potential long-term.... But we have to start somewhere, we go step by step.
Additional details on the chart.
Namaste.
✳️ Stacks 113-293% Potential Supported by Strong SignalsSometimes we see a chart and spot some signals and even while reading the signals as bullish and seeing them confirmed some small doubt remains... This happens when the signals are not strong enough.
In fact, we can go through the whole analysis and at the end just STOP! and visit that doubt again... With STXBTC, this is not the case.
Now, the signals here are very strong.
The volume is absolutely high and it has been growing day after day which is better than it showing up by surprise in a single day.
Today STXBTC has the highest volume Since November 2022 and if we ignore this day, today has the highest volume since January 2022... That's a very strong bullish confirmation as this volumes comes as STXBTC moves above MA200, telling us it is getting ready to grow long-term.
The low/bottom here happened in 22-January 2023, while Cryptocurrency grows together, ALTSBTC + ALTSUSDT, they have a slight delay between each set, when one moves forward, the other one is going sideways or correcting but when the group that is more advanced takes a break, the other group jumps up with massive force to catch up.
- The RSI at 77 is super strong.
- The MACD just entered the bullish zone, with plenty of room available for additional growth.
Everything is pointing higher.
The conservative target is 113%.
The mid-term target is set at 293%.
We see Altcoins growing by 100% and 200% in a single day.
While I share these numbers conservatively, remember that the cryptocurrency market is wild and growth can be many times higher than what I am sharing everyday.
Since we are not greedy, we are grateful and happy with any and all positive results, we keep the numbers tight but when trading, we aim high up.
Namaste.
$STX/#BTC [#Stacks]: TrendLine_TouchWe've detected a Trend Line Touch on the $STX / $BTC chart. The price has touched a key resistance level, indicating a potential trend reversal. The next resistance key levels are at 0.00001504 | 0.00001652 | 0.00001914 and the major support zones are respectively at 0.00001242 | 0.00001128 | 0.00000866, We may consider buying at the current price zone at 0.00001455 and benefit from the trend continuation.
Technical Metrics :
Current price: 0.00001455
24H Volume: 53.6255 Ƀ
24H Price change: 9.563%
- Pivot Points - Levels :
Resistance: 0.00001504 | 0.00001652 | 0.00001914
Support: 0.00001242 | 0.00001128 | 0.00000866
Indicators recommandation :
Oscillators: NEUTRAL
Moving Averages: STRONG_BUY
Technical Indicators Summary : BUY
- In-depth STXBTC technical analysis on > Tradingview TA page
What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here
$STX/BTC is about to explodeBuying volume is increasing and Bollinger Bands are really tight, and that means it's getting volatile.
STX is currently trading in my buying zone for 3 months. It's the 0.618 en 0.65 Fibonacci retracement from the last impulsive wave 1.
From Stacks' market history, it can be seen that stacks has a habit of showing explosive price rises.
As Bitcoin continues to move between 20k-24k and loses market dominance, it seems that this will give room for sats to rise significantly in value.
My expectation is that the 0.382 Fib will be a first point of resistance (2764 sats). Seen from the current price, this is a 45% increase in sats value.
$STXBTC huge break-out about to occurStacks is on a breakout. As previously mentioned in my analysis of last May 30, found at this link: Stacks is very interesting to take a long position in.
On the hourly chart, the Bollinger bands are hugely compressed. This shows that there will be a huge breakout, and in my opinion, upwards. I'm expecting an upward move because stxbtc has set a very nice bottom at the 0.618 Fibonacci retracement.
STX/BTC currently trading in the golden pocket rangeSTX/BTC is STX/BTC is currently trading in the golden pocket range on the weekly chart.
The divergence script for many indicators indicates two clear bullish divergences.
Chris Moody's script 'CM Williams VIX' which finds market bottoms, flashes obvious green.
LazyBear's Squeeze Momentum Indicator indicates a momentum change due to the first colour change from red to dark red.
The sell volume has been decreasing for months.
RSI is below 40.
MACD is a lagging indicator but when you switch to a 2/3day timeframe there is already crossover. My expectation is that this will soon follow on the weekly chart.
STX BOUNCE OR MORE CORRECTION?STX is a good project. You can earn BTC by staking your STX coins.
STX is standing on the red trendline. If this trendline going to be broken, I guess it can fall back to 0.5$. In my opinion, this area is a strong buy area.
In case of bounce, if it can menage to go above 2.8$ next target will be the upper trendline.
This is my trial. Not a financial advice.
Bag🎒 your STACKS once again! Stacks broke up this triangle 📐 and I think there is chance for run to 3.55 and even higher. Setting BUY LIMIT order to catch the pullback. STX just pamp eet! ⛽
ENTRY : local high @ 2.19
STOPLOSS (SL) : local low @ 1.94
TARGETS (TP) : TP1 - resistance @ 2.70 | TP2 - resistance @ 3.09 | TP3 - height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 3.55
REWARD RISK RATIO (RRR) : TARGET1 - 2.0 | TARGET2 - 3.6 | TARGET3 - 5.5
INVALIDATION : when SL level hit
My previous STX ideas 👇
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Stacks (STX) Hits New High Compared To April 2021 - Great News We are technical analysts and we love the charts.
We love the candles and the amazing tool that this is.
Since you can get everything from the charts, hardly ever we take the fundamentals into account.
Here is one exception though, we love Stacks as a project and we have been trading this pair for long.
STXBTC (Stacks) hits a new high today compared to April 2021.
Like most Altcoins vs Bitcoin pairs;
The bullish action started after the low set late 2020 early 2021, prices started to grow.
A peak was hit in April (others peaked in March/May) and then we had a correction that ended in a higher low.
Higher lows lead to higher highs...
And now we grow.
After almost 8 longs months, we have a new high which is extremely bullish for this pair and the rest of the Altcoins market as a whole.
Remember, they are all connected.
What one pair those, the rest is sure to follow.
We are set for at least 1 more year of higher highs and higher lows.
Thanks for reading.
Always hit LIKE to support my work and for more.
Namaste.
Stacks (STX) - November 25Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(STXUSD 1W Chart) - Mid-Long-Term Perspective
Above 0.35034579-0.47505249 section: expected to continue upward trend
0.99833499-1.10302110 or higher: Expected to create a new wave.
(1D chart)
First resistance section: near the 2.55287349 point
Second resistance section: 3.17634175-3.38416449
Support section: 1.72158249-1.92940524
If the price is maintained in the range of 1.92940524-2.55287349, it is expected to renew ATH.
It should rise above the 2.33980519-2.55287349 section to accelerate the uptrend.
If the price declines from the support zone, it may move towards the 1.10302110 point, so trade cautiously.
------------------------------------------
(STXBTC 1W chart)
Above the 2735 Satoshi point, we need to see if we can continue the uptrend along the uptrend line.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Open LONG position STX target $4-6-8Know Sure Thing - KTS
Know Sure Thing , or KST , is a momentum oscillator developed by Martin Pring to make rate-of-change readings easier for traders to interpret. In a 1992 Stocks and Commodities article, Mr. Pring referred to the indicator as "Summed Rate of Change ( KST )," but the KST term stuck with technical analysts. The indicator is relatively common among technical analysts preferring momentum oscillators to make decisions.
KST : Above point 0 means long position (positive zone), below point 0 (negative zone) means short position.
I liked this indicator more than RSI because we can evaluate the breaking points of the channels we draw on the indicator according to the regions.
Plus area (positive area), breaking the channel upwards may indicate a very strong rise, and minus area (negative area) the channel downwards may indicate a very strong fall.
Bag your STACKS!Stacks broke up this triangle 📐 and I think there is chance for run to 2 and even higher. Setting BUY LIMIT order to catch the pullback and add to my stack. Check the other triangle breakouts in related ideas STX just do it! ✔️
ENTRY : local high @ 1.377
SL : local low @ 1.277
TARGET : height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 1.99
RRR : 6.1
INVALIDATION : when SL level hit
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Stacks STXUSDT - Head and shoulders + NEW ATH + 600%!- STX is forming an inverse head and shoulders pattern on the daily candles, which is a bullish reversal pattern.
- Volume favors bulls, as there is not any selling pressure.
- All time high resistance 2.85 can act as a resistance.
- The price is above a trendline from 2020.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!