Stellar Consolidation [Short-term Swing Position / 2-4 days]

Jun 14, 2017

• It seems STRBTC has been bouncing back and forth between the Med-term resistance/Previous short-term support line (.00002104btc), and the Long-term resistance/Med-term support line (.00001441btc). It seems the Long-term resistance/Med-term support line is acting as a strong barrier to keep price from dropping any further and there could be room for a short-term long position. If however the Long-term resistance/Med-term support line is broken, we should see a retest at Previous long-term resistance/Long-term support line (.00000883btc). Exit position when trend reaches the Med-term resistance/Previous short-term support line. Riskier traders can watch the trend to see if when it retests the Med-term resistance/Previous short-term support line, if trend breaks past the Med-term resistance/Previous short-term support line expect the price to retest the Previous short-term resistance/Short-term resistance line (.00002747btc).

• OBV indicates that volume flow and stock price have been stabilizing in a long-term consolidation period and could break out any day now.
• Aroon indicates that there is an uptrend, but not a very strong one considering the crossover between Aroon Up (Green) and Aroon Down (Red) happened at 19 (30-70 key confirmation points)
• Bollinger Bands® being as wide as they are indicate that the volume is slowly increasing which could mean an upward trend is imminent

• TF: 2-4 days
• BUY: .000015-.000017
• SELL: .000020-.000021
• STOP/LOSS: .000012/.000013

Upcoming Events: June 22nd 2017 - The advisor for Stellar's Nairobi office is speaking at Bithub about the STRBTC protocol.



Always remember, don't risk what you can't afford to lose/Know your limit, invest within it.

Jun 15, 2017

Trade active

Still on track

Jun 15, 2017

Trade active

In neutral state

Jun 17, 2017

Trade active

^

Jun 21, 2017

Trade closed manually

Gonna make a new and improved chart, taking too long.