Buy Signal on STRATBTCStratis has the Smart Contracts Alpha catalyst today and has hit long term support with a breakout coming soon. 1H Stoch is down. BTC looks like it's hitting a bounce zone.
Entering a position. Potential C&H could be forming.
Wolfofpoloniex
Hedging into Long on BTC. Buy the Fear.Oversold, far from Ichimoku Cloud, multiple bullish divergences, bottom of bollinger band, everyone is scared.
>>Stacking longs & keeping a tight stop on my short from the top.
BTCUSD Hit a Reversal Point.... FinallyAfter a 1000$ Falling Wedge resistance finally breaking, BTCUSD has broken the downtrend line. It seems as if we'll be making an Inverse H&S with the trend being fairly strong as the 4H Bullish Divergence finally comes into play with the 1H breaking the downtrend as well.
The price should retrace back down to the Falling Wedge's (Red) resistance line as the 1H RSI shows a Bearish Divergence in the price.
Overall, I'm still bullish. Tried to call a reversal earlier, which didn't pan out too well but re-positioned myself at the bottom of today's base so I'll be looking forward towards making back those profits by riding the Inverse H&S waves.
-Wolfie
