I am a day trader, and I look for signs in charts that make me, and all of my followers, a lot of money with little risk.
Looking at my list of coins to look at, after just going through a few of them, StorJ stood out.
First, I remember the name, which means that it had some really good support and action in the past. And then there’s the chart analysis, which is really what decides our next trade. The charts will tell us: Is this a profitable coin? Is it near its bottom or top? Is it good for beginners and experts a like? Well, let’s see. No, no wait, NOW, let’s trade.
The breakout already happened for StorJ, so we are not that close to the bottom, we are actually in consolidation right now, but that’s no big deal, we have a “stop loss” if things go south. Also, StorJ has been holding really strong after reaching its high after its breakout a few days ago.
So let’s look at this coin with an open and calmed mind, relaxed heart before taking a few deep breath… Ok, again, let’s get started… Now, let’s trade.
*** StorJ ***
Buy-in: 0.00010000 – 0.00012710
(7) 0.00105320 (New all time high)
Note: Use the targets as reference points to sell when you want to take profits. Not all targets are meant to be reached. 100-300% is more than enough profit, and, consider starting to selling small amounts of your coins as soon as you are 30-50% above your own buy-in price. Just some quick suggestions.
- StorJ is in the positive, but there aren’t many signals other than a strong breakout a few days ago. What we want to focus on, is longer term, more profits in the longer term. The weekly chart.
- StorJ started a new positive uptrend last week, and took this week for consolidation which ends on Sunday, end of year. For the new year, depending on how this week closes, StorJ is set to give us some very strong positive action.
- The indicator allows room for massive growth on the weekly chart. And the is trending positive. The does not have enough data for this coin, it launched around July 2017 on Bittrex.
- On the shorter time frames, 1h, 2h and 4h chart, there is a lot of sentiment. This sentiment is shared throughout all the indicators that I use, which can give us the positive close we are looking for week / year, and then manifest a strong trading week at the beginning of 2018 and beyond. These are a lot of “ifs”, but the charts are showing signs of strength and positive action in the future, way, way more than any tone.
- Low , around 225 Bitcoins at the time of posting, allows for massive growth.
- StorJ all time high happened on the 12th August 2017 @ 0.00070899.
- 0.00012720 Is the level where we will face our first major resistance.
- Invest only money that you can afford to lose.
- Don’t put all of your eggs in one basket; diversify.
- Tip the waiter.
*** My message to you
Today I went to the future, to see what it was like.
It was blue, it was green, no… It was LIGHT.
I loved the future but in the end I always come back.
Why is it that if we all want to be in the future, we always live in the present and can’t help but to think about the past?
Forget about the future, the future is the present because with the present we create.
So if you want to have a beautiful, rich future.
Start living it today.
I secured 'some' profits @ 100%. So I can now trade risk free.
(1) 0.00024300 *** Target reached @ 0.00022844 ***
(2) 0.00033250 *** Next target ***
(7) 0.00105320 (New all time high)
Ok, we reached our first target. We are going to retrace now, consolidate and eventually we start our climb to the next one.
30 min Chart:
I don't expect the next run to happen tonight, nor tomorrow or ever. I simply wait and let the market decide.
One thing will happen for sure though, I will be selling on target.
Remember our trading channel, the new uptrend, it is really big, so we have plenty of room for swings.
The price can go down all the way to 13000 satoshis and we would still be on an uptrend, a bull run. So please keep that in mind.
Here is the channel:
- 4H Chart (Black lines are close support levels - if this are broken, we move than. If they hold, we consolidate and prepare to start new upward action).
- We are still up positive.
Here is the daily and weekly charts, with support levels:
We are in a market wide correction, and for this we halted trading for a few days.
Bitcoin bounced from support and right now we are waiting to see if this support level will be re-tested.
We need to allow a few more days to know how things will turn out. To get better and stronger signals.
The altcoins are looking better now but still have a way to go.
For now, we hold patiently. We hold strong.
P.S. Tomorrow we will have a better understanding as to where Bitcoin is going, but we will resume trading soon.
Thanks for your support. I love you!
The daily chart also looks good. We will know more when the day closes today:
I will be closing this trade idea for now until I can share again in the near future.
You can still hold and sell on target. You can still follow the instructions above.
I am only closing this trade idea because I won't be able to update it during my business trip. Once I am back (and the Bitcoin correction is over) I will be revisiting this and many other coins.
Thank you for your support.
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--> Please let me know what you think about following opinion. Most of the alts decline heavily once BTC moves strong up or down as he is still the king of all cryptos. In case BTC further corrects to 8k or something alts will continue to suffer. Do you think that the majority of the alts you presented will still reach their targets in course of the next days/weeks?
Best regards, Alex
In general IMO everything will follow bitcoin downwards