STORJBTC trade ideas
STORJ/BTC Cup and Handle formation in sightAfter a hard correction from August's 0.000708BTC high STORJ finally found bottom at 0.000101BTC . Given that Filecoin (an upcoming STORJ competitor) raised 200 million USD it shows that investors see huge potential in distributed storage. Because STORJ has a fully functional product (unlike Filecoin) I consider it a top pick for investors in the following months. Target entry is anywhere on the cup's trendline depending on when you are buying in. Make sure you follow Fib retracements closely. First target around 0.00046BTC, second target a bit under 0.00070BTC. Stop loss if a full day's candle closes under the trendline.
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$storj - Storj Support Buy In OpportunityStorj, Sia, MaidSafe and Filecoin are all built with a native storage marketplace where users and hosts can buy and sell storage space.
I believe Storj's partnership with FileZilla is huge, and such a strong and bold partnership this early I feel like Storj is being slept on. Not only that but we have already called support trades on Storj before yielding 25-50%+. I think the core thing Storj has going for them is being ahead for the most part, constant updates to their platform and a growing community. Storj still has several exchanges it could hit that would grow the coin even more and I think this coin has a bright future. If we manage to hit the previous all-time high from this area it's a 6X Return on your investment, selling on the way up will obviously also give us strong returns. We can look at the fibonacci lines as potential retracement zones, or momentum breaks on the way up to this 6x. If we break the current support, I would accumulate more Storj on the second support line drawn beneath it as well
My Storj predictionHey guys! This coin on a technical perspective, is bound to explode soon. I have started to accumulate on the current prices. I think there is a good potential for a 100% gain in the next couple of weeks.
Lets see what happens.
I also wanted to announce that we are in the process of launching a bitcoin exchange and hopefully a trading platform to follow.
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Storj will get ready to............................to what? idk Storj : Is a 2 age months.
If we glance back at storj's Market Capitalization in the previous month like July or August, you'll notice that from 8th to 11 are mostly powerup, so as for today, the price is gaining strength in order to play in the next few days, which may bounce at 0.00009952 level.
In addition, the Chikou's pan ( green-line ) which is laning on the date of 8/2, will try to avoid to cross the Wall infront of it, because if the it crossed, usually result in a bearish movement, a strong drop trend, especially on its daily time-frame.
So lets see in the next few days.
and what are your thought about it?
$STORJ is breaking outJust a quickie....
Saw this one called on Twitter and wanted to share it with you.
Storj was in a downtrend, found a bottom and bounced, made a flat correction and currently breaking out of the downtrend AND the flat.
On the 240 you can see rise in volume, in the last period of downtrend. Good sign that whales were accumulating.
Tradingadvice: try to wait for a consolidation instead of chasing candles.
Will update later when the trend is more clear so I can determine a target but I think it has lots of room to the upside.