Thought i'd share a short on STRBTC i'm making- for the sake my own journalling of trades, and because I see good potential profit so why not share :) Quite a complicated looking chart. The H&S concept seems unusual, but the psychology behind a H&S still applies- the upward trend line STRBTC has been adhering to is the neckline. The buy/sell volume has been pretty evenly split. Fib levels are being used for targets/key areas. XRP & STR are correlated and almost always have been. Although i'm long-term bullish on XRP, it has been inversely-correlated to BTC, and I see BTC having a third run with fundamental news such as CME derivative markets for BTC etc. Therefore, I think BTC's run will trigger STR to fall.
CONFIRMATIONS // ENTRY SIGNALS: 1H Candle close below 50H EMA Bearish MACD RSI lower highs
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XRP just pumped massively due to AMEX news.. STR could follow in price action..