STRATBTC closes lower for the 2nd day in a row


Stratis/BTC Index (STRATBTC) Technical Analysis Report for Aug 11, 2018 [< 1 min read]
Highlights
STRATBTC dominated by bears dragging the market lower throughout the day
STRATBTC closes lower for the 2nd day in a row
STRATBTC ends the day on a bearish note closing near the low of the day
STRATBTC breaks below previous session low
STRATBTC falls to lowest close since April 2, 2017
TQ Sentiment
Report Sentiment: 60% Bearish
Technical Forecast:
Overview

Moving lower for the 2nd day in a row, STRATBTC ended Saturday at 0.000250 losing BTC0.000013 (-4.94%) on low volume. Today's closing price of 0.000250 marks the lowest close since April 2, 2017. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 0.000262, Stratis confirms its breakout through the previous session's low having traded BTC0.000013 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for STRATBTC
Volatility

Saturday's trading range was BTC0.000015 (5.7%), that's below last trading month's daily average range of BTC0.000026. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Stratis/BTC Index
Condition Forecast Direction Win Avg Worst Best Events
Strong Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
3 Consecutive Higher Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
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