SNTBTC trade ideas
Analisis de DIVERGENCIAS DE PRECIO entre Status y BItcoinLas lineas moradas marcan los momentos en que los precios se defasaron. Los circulos amarillos en donde estaban totalmente en direcciones opuestas. La verdad no se si me sirva de algo este analisis para utilizarlo en un futuro. Pero me pareció interesante estudiarlo de esta manera.
Status Network Token vs Bitcoin Uptrend?Status Network Token has found at 1500 satoshis area, where price formed a double bottom and at the same time RSI oscillator formed a bullish divergence suggesting the reversal of the trend. Yesterday SNT/BTC broke above the 2/1 Gann Fan trendline, which could be the first signal of the buying opportunity presence.
If the support will hold, the price is likely to start moving upwards, towards one of the Fibonacci retracement levels that corresponds to the previous resistance levels. The first target is at 2870 satoshis, if broken, the second target should be at 76.4% Fibonacci retracement level, that is 3680 satoshis.
A second chance to buy in SNTBTC..Status Network Token/Bitcoin
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would Resume.
*There is still possibility of temporary retracement to suggested support line(0.0000146), if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If the support line at (0.0000146) is broken, the forecast (Resumption of uptrend) will be invalid.
*We will close our open trades, if the Midterm level (0.0000146) is broken.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 8 BUY trade(s) @ 0.00001140(day close price) based on the reversal candle (2-Day Hammer ) at 03.27.2018.
Total Profit: 3650
Closed trade(s): 1230 Profit
Open trade(s): 2420 Profit
Closed Profit:
TP1 @ 0.00001260 touched at 03.31.2018 with 120 Profit.
TP2 @ 0.00001600 touched at 04.03.2018 with 460 Profit.
TP3 @ 0.00001790 touched at 04.21.2018 with 650 Profit.
120 + 460 + 650 = 1230
Open Profit:
Profit for one trade is 0.00001624(current price) -0.00001140(open price) = 484
5 trade(s) still open, therefore total profit for open trade(s) is 484 x 5 = 2420
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.0000237
TP5= @ 0.0000319
TP6= @ 0.0000374
TP7= @ 0.0000480
TP8= Free
Technical analysis:
StatusNetworkToken/Bitcoin is in a range bound and resumption of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 51.
A second chance to buy in SNTBTC..Status Network Token/Bitcoin
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would Resume.
*There is still possibility of temporary retracement to suggested support line(0.0000146), if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If the support line at (0.0000146) is broken, the forecast (Resumption of uptrend) will be invalid.
*We will close our open trades, if the Midterm level (0.0000146) is broken.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 8 BUY trade(s) @ 0.00001140(day close price) based on the reversal candle (2-Day Hammer ) at 03.27.2018.
Total Profit: 3650
Closed trade(s): 1230 Profit
Open trade(s): 2420 Profit
Closed Profit:
TP1 @ 0.00001260 touched at 03.31.2018 with 120 Profit.
TP2 @ 0.00001600 touched at 04.03.2018 with 460 Profit.
TP3 @ 0.00001790 touched at 04.21.2018 with 650 Profit.
120 + 460 + 650 = 1230
Open Profit:
Profit for one trade is 0.00001624(current price) -0.00001140(open price) = 484
5 trade(s) still open, therefore total profit for open trade(s) is 484 x 5 = 2420
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.0000237
TP5= @ 0.0000319
TP6= @ 0.0000374
TP7= @ 0.0000480
TP8= Free
Technical analysis:
StatusNetworkToken/Bitcoin is in a range bound and resumption of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 51.
SNT Ready for a ....???.....So I think if BTC can stay trading in the channel that its currently forming it may be a great opportunity to capitalize on some alts out there.
SNT looks like it has broken out of a wedge but again this is all depending on what BTC will do in the next week! certainly something to keep an eye on.
I will be posting a few more shortly
Long-term buy opportunity for #SNTBTC, let's hunt it together !Technical analysis:
STATUS NETWORK TOKEN/BITCOIN is in a down trend and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 32.
Trading suggestion:
*The price is in a down trend, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone (0.0000103 to 0.0000070), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000103)
Ending of entry zone (0.0000070)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.0000126
TP2= @ 0.0000160
TP3= @ 0.0000179
TP4= @ 0.0000237
TP5= @ 0.0000319
TP6= @ 0.0000374
TP7= @ 0.0000480
TP8= Free
SNT/BTC Fantastic opportunityFantastic chart, buying now might be the best entry you'll get for the next 1-2 months.
e2e in play on the daily, this one is aiming at a new ATH if BTC keeps calm for a while (aka no monster dump, as I believe BTC going up will give confidence to the market -> good for alts, basically the same as last year's spring)
