NarkoTA
Long

Storj/Bitcoin Long Setup

POLONIEX:STORJBTC   Storj / Bitcoin
This coin has a lot of bullish potential, as you can see from the chart the price has painted a huge triangle which can indicate a breakout and profit opportunity. You can set buy orders in the green box between 8,000 - 10,000 satoshies and set a target of 20,000+ satoshi. I would also like to mention bullish MACD cross upcoming if the price in fact would breakout, I have included two scenarios because a potential lower low is possible which being aware of multiple possibilities can give you confidence in your trading. :D
Comment:
Im still very bulish on this trade, I think it will need more time to consolidate in the buy zone on this chart. I think we will be having another altcoin season coming up somewhere in spring.
Comment:
Looks like a lot longer consolidation will be needed to kick the new cycle, In addition to bitcoin having a rough time, It will need to show da wae for the altcoins.
Thanks for the analysis!
Reply
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