You can see this happening here:
Now, StorJ is starting to move again after 4.5 months of retrace, which tells us, without even looking at the signals, that this is very likely to be a real move, but why?
The market moves in cycles. There are large cycles and small cycles, we have cycles within cycles and all sorts of variations.
To put it simply, we share it likes. Wave up, wave down, wave up, wave down... simple.
So we had this strong wave up that started back in January/Early Feb. This wave ended and we had the 4.5 months I just mentioned, which was the retrace.
Keeping it simple. We had the wave up, followed by a wave down... What comes next? That's right, another wave up.
So when we see this breakout after 3 failed attempts to move higher, a full-blown correction and a strong bounce at support, we no longer need to look at the , , or TD Sequential, we know that STORJBTC is getting ready for some more.
It has been decided... 2 more weeks and the entire altcoins market will start moving up.
Note: When I say altcoins I am excluding Bitcoin and the top 10 alts by market cap.
Thanks a lot for your amazing support.
BUY: 0.00003000 – 0.00003300 (3150)
(1) 0.00003900 -Reached 8-June (+23%)
(2) 0.00004460 -Reached (+41%)
(3) 0.00005260 -Reached (+67%)
(4) 0.00005830 -Reached (+85%)
(*) 0.00006100 -Reached (+94%)
STOP: Close weekly below 0.00002800.