The trading idea is based on a double bullish divergence which gives us a trend reversal signal. We can try to join a new price movement at the beginning of it. RSI confirmed price reversal from the support zone. MACD lines give bullish signal. We can use the previous high for placing buy orders. If the market moves above this high and SMA50, we'll get an additional signal confirming further upward movement. Entry level is 0.000600 with stop orders at 0.000380 level. Profit targets are 0.001000 and 0.001500 levels. The part of trade volume can be left for long run.
we will never reach 0.00150 BTC.. stop using old prices.. BTC is at $10,000 NOW, all the old prices are gone, you should use STRAT/USD imo, not STRAT/BTC
DLavrov
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@jasonwhite, so, you are sure, right? What should we do in such way?
MisaelCuadrado
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@DLavrov, Thank you for sharing this info. great work will follow will like!!!
jasonwhite
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@DLavrov, I'm just saying you're basing your charts when BTC was $3000 and $2000... Those charts are invalid... When Strat was 0.0015 before it was $7.. If strat reaches 0.0015 again, it MUST BE $15 ( because BTC is more )..
Is your prediction in this chart that strat will go x4 in USD price? I respect you and respect all your charts that is why I follow you. But please, this chart is invalid. Btc is no more $2000 or $2500. It is $10,000 now, and using old BTC prices for altcoins does not work anymore.
Tell me any chart where you have drew resistence for it and it worked perfect? Only the hour candlesticks charts are accurate, but the 1 day candlesticks chart are never accurate. 95% of your 1D candlesticks charts on altcoins is inaccurate (because you use bitcoin in price)... When you use USD in price, then your charts are the best in the world...
I tell you how it is and I think it will work best:
1 Day charts = USD price
2h/4h/6h charts = BTC price
Thanks, Dlavrov!
RedBugs
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@jasonwhite, Have you lost your mind? We are here to accumulate BTC. If you look at the USD value you will end up bleeding out BTC in trades
DLavrov
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@RedBugs, do you think that BTC is more important now than USD? I spend USD, EUR and other fiat in the real life. That's why fiat value for me is much more important than BTC value. What about you?
wpgmantrader
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@DLavrov, You and many others (most actually) view their portfolio in Fiat perspectives.
I believe the previous comment is referring to gauging entry prices (etc. etc.). For example, when you quote an entry of .0006 and BTC runs up at the same rate (in the least) then the entry price will NEVER be reached. Conversely, the target coin could be valuating down but if BTC is in a major correction (and valuating down at a greater rate), then the target price might be achieved - even though the overall valuation of ones portfolio is decreasing.
Having said that, wouldn't it be best to use "Fiat" (such as USD) to determine (and gauge) entry and exit zones, or is there no one good/better way to determine this?
Thank you DLavrov for you TA and perspectives. :)
whaleshark
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@jasonwhite, Here is just one example of resistance working out exactly like he said it would... Your comment is ridiculous, especially someone who has never posted an idea.