• STRATBTC started out June 2017 on a good note closing at 0.0042368btc on June 3rd, after a short period of consolidation, it was followed by a downtrend on June 6th after establishing Short-term resistance at .00426791btc. The downward trend continued and broke through the Med-term resistance/Short-term support line (.00336868btc), blew past the Long-term resistance/Med-term support line (.00274313) and found support at the Previous long-term resistance/Long-term support line (.00223487btc). Now it seems it is resuming it's previous uptrend as it has finally broken through the downward trend line (.00277248btc). Investors and traders alike have been awaiting this moment and will swoop in to achieve a buy at a reasonable price, herd mentality. Hold until .0040-.0043 and take profits, if you are feeling risky wait to see if Short-term resistance line will be broken again indicating that it could be nearing its previous All time high of .00468521btc.
• OBV indicates volume has been increasing the past few days along with the price of btc per Stratis as more and more people rush to buy the dip.
• Aroon indicates that a strong upward trend is incoming by Aroon Up (Green) crossing Aroon Down (Red) above between 30-70 indicating a confirmation of an uptrend, if the Aroon Up (Green) line stays above 70 it could mean there is a strong upward trend ahead of STRATBTC
• Med Term/Swing Position (5-7 days)
• BUY: .0030-.0034
• SELL: .0040-.0043
• STOP/LOSS: .0028/.00285
First published TA, drop a like if I should do more as I enjoy doing TA charting.