Long
Stratis Breakout [Market Geometry/EW]
Updated
• The awaited breakout for STRBTC is coming, been waiting for this ever since I stocked up on STRATBTC at 0.00126btc. The triangle is seemingly primed and if the breakout occurs to the upside we could see some very, very nice profits. STRBTC has been forming this triangle for most of June, so it looks like we could see a long-term uptrend for most of July based on the sole fact that it has completed it’s ABC correction wave. Three "Take Profit" zones, labeled #1-#3 (1: 0.00476btc, 2: 0.00632, 3: 0.00736btc), use risk management when choosing a "Take Profit" zone.
• Godmode: White line is approaching blue line while blue line is moving up, and even touched blue line a little ways ago indicating an entry position; also indicating an uptrend will be the next move. Blue line is no where near the 80 point indicating the uptrend is not even close to being exhausted. Caution dots near 20 indicate support from below pushing it back up.
• Aroon: Aroon Up (Blue) crossover with Aroon Down (White) line happened between 30-70 indicating a confirmation of the reversal, Aroon Up is staying above 70 indicating it is a strong uptrend.
• Fibonacci Arcs: Looks like the uptrend will follow the thicker of the Fibonacci Arcs or; the closest Fibonacci Arc to it until it meets resistance.
• Buy: 0.00260btc
• Sell: 0.00476btc, 0.00632btc, 0.00736btc
• Stop/Loss: 0.00220/0.00235
• Godmode: White line is approaching blue line while blue line is moving up, and even touched blue line a little ways ago indicating an entry position; also indicating an uptrend will be the next move. Blue line is no where near the 80 point indicating the uptrend is not even close to being exhausted. Caution dots near 20 indicate support from below pushing it back up.
• Aroon: Aroon Up (Blue) crossover with Aroon Down (White) line happened between 30-70 indicating a confirmation of the reversal, Aroon Up is staying above 70 indicating it is a strong uptrend.
• Fibonacci Arcs: Looks like the uptrend will follow the thicker of the Fibonacci Arcs or; the closest Fibonacci Arc to it until it meets resistance.
• Buy: 0.00260btc
• Sell: 0.00476btc, 0.00632btc, 0.00736btc
• Stop/Loss: 0.00220/0.00235
Trade active
Approaching breakout within the next 1-3 days.Trade active
Broke past the current long-term uptrend, break could be 50%; 50% odds.Trade active
Broke past triangle for major price action and now headed for triangle for wicks.Trade active
Still sticking between Triangle for wicks.Trade active
Broke out to the upside! TP levels active.Trade active
Buy position would be when breaks dotted diagonal white line (Long term uptrend)Trade active
Broke past support.Trade closed: target reached
Broke through completed, unfortunately to downside. Oh well; thats why I update these charts for yall.Note
Completed downtrend to take profit levels of triangle breakout, would be a solid buy opportunity in the long-term.
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