STRBTC XLMBTC clear bearish divergence

You can see the clear bearish divergence on the chart.

Price has bounced from .618 fib. Volume was not so great so its signal that bull are waiting.
Stellar actually has no support till 200MA (~2500 sat).
Profit area 2920-2860 sat.

I don't expect increasing of volume and some strong bull moves till April. There may be some upward move after bitcoin futures contracts expire in March

Note

There was bullish divergence on the 30 min chart.
Sorry i forgot to update my idea.
Anyway don't worry it will hit my target, because now is bearish trend and i don't see any reasons to worry about that low volume upward move

Note

STR will be closed negativly on the weekly chart (12 March), so until then we will short it.

Trade closed: target reached

Note

It was not the best sort position. I was not expecting STR to go 330 before start falling, but anyway. If you want you can hodl this short position for 3-4 days. Because it still have plenty of room to fall. It is going to have very bearish crossover a 1 day chart which give us 30-40%. But for now its going to bounce 1-2% and falling again till great volume stop it.

I don't understand ppl who say its going to grow. There is no volume to grow, It is not time to grow. Just look at the chart more precisely. Maximum of you moon growth is 10-15%

lj_4b

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