I have been keeping my eye on STRBTC (POLONIEX:STRBTC) and it has recently closed within important historic zones of 3100-3200 satoshis. The clouds are starting to fade away and the bulls are starting to come out and play.
I am posting this trade idea to show you how str/btc is aiming for the stars in this stars and stripes set up.
There is potential to double your income for the POLONIEX:STRBTC marginal trading pair.
Right now we have the fist indication of a Bullish engulfing candle. Forming on the 1D chart.
Candle 1: Close:3033 Open:3091
Candle 2: Open:3033 Close:3199
Candle 3: Open: ? Close: ?
What is a Bullish Engulfing Candle?
The Bullish Engulfing Candlestick Pattern is a bullish reversal pattern, usually occuring at the bottom of a downtrend and usually consist of either 2 or 3 candle sticks.
Smaller Bearish Candle (Day 1)
Larger Bullish Candle (Day 2)
Confirming Bullish Candle (Day 3)
The bearish candle real body of Day 1 (yesterday) is usually contained within the real body of the bullish candle of Day 2.
On Day 2 (today), the market gaps down; however, the bears do not get very far before bulls take over and push prices higher, filling in the gap down from the morning's open and pushing prices past the previous day's open.
The power of the Bullish Engulfing Pattern comes from the incredible change of sentiment from a bearish break down to a large bullish real body candle that closes at the highs of the day.
With huge potential for POLONIEX:STRBTC to retest the All Time High, can you imagine what will happen if the bullish engulfing candle is confirmed and pushes it inter-stellar?
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What do you think about Stellar/BTC?
Share your opinions in the comment section below
Your support will always be appreciate and returned to you.
LIKE SHARE COMMENT & FOLLOW if you want more charts!
Happy trading Everybody!
I am posting this trade idea to show you how str/btc is aiming for the stars in this stars and stripes set up.
There is potential to double your income for the POLONIEX:STRBTC marginal trading pair.
Right now we have the fist indication of a Bullish engulfing candle. Forming on the 1D chart.
Candle 1: Close:3033 Open:3091
Candle 2: Open:3033 Close:3199
Candle 3: Open: ? Close: ?
What is a Bullish Engulfing Candle?
The Bullish Engulfing Candlestick Pattern is a bullish reversal pattern, usually occuring at the bottom of a downtrend and usually consist of either 2 or 3 candle sticks.
Smaller Bearish Candle (Day 1)
Larger Bullish Candle (Day 2)
Confirming Bullish Candle (Day 3)
The bearish candle real body of Day 1 (yesterday) is usually contained within the real body of the bullish candle of Day 2.
On Day 2 (today), the market gaps down; however, the bears do not get very far before bulls take over and push prices higher, filling in the gap down from the morning's open and pushing prices past the previous day's open.
The power of the Bullish Engulfing Pattern comes from the incredible change of sentiment from a bearish break down to a large bullish real body candle that closes at the highs of the day.
With huge potential for POLONIEX:STRBTC to retest the All Time High, can you imagine what will happen if the bullish engulfing candle is confirmed and pushes it inter-stellar?
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
What do you think about Stellar/BTC?
Share your opinions in the comment section below
Your support will always be appreciate and returned to you.
LIKE SHARE COMMENT & FOLLOW if you want more charts!
Happy trading Everybody!