Here is the long-term chart for Stratis ( STRATBTC )(1W), we can see that a new low is being tested:
Now, back to the main chart above, we can see signals that Stratis might be trading near a low...
- We have the biggest bar since January 2019 happen recently on the 16 June. Now we are seeing huge showing up today... Accumulation.
- Now we are seeing very strong and it is showing on the as well as the , another very strong signal.
- Attempt to break above EMA10 (green line).
- Multiple targets and profits potential (PProfits) marked on the chart above.
The entire cryptocurrency (altcoins) market is heating up... and it continues to do so. Bitcoin continues strong and growing, while the altcoins are making their moves, consolidating and preparing to run again...
So, what will you do next?
Are you going to be trading for profits or will you stay in the sidelines and wait?
Share with us in the comments section below...
Since I've started trading, I've heard a few times that sometimes, the best trade is to not take any trade !
I'm a bit addict to trading so... while things are getting rough, I use that cool-off time to write articles on bitcoin here on Tradingview, to avoid taking positions :)
Working on the 3rd part now.
I've heard the words "bottomed out" so many times these last 2 months, and still there were deeper bottoms each time and only stop losses.
I followed some trades bragging about extreme profits, when I collected merely a few targets at 10 /20 % and all the other trades in stop loss.
It's appealing to see big profit numbers on flashy trade setups, but reality is then all the more depressing when you calculate your net results. It feels like you're doing it all wrong when you've been giving your best.
Harry out for a few days :)