I've been scanning the charts looking for entry points for potential trades as the BTC fork drama unfolds. I ran across this and I thought I'd share. It looks like it gets a consistent bounce once it hits .00175 usually for a 35%-40% profit depending on how you scale in and out usually with a 3-5 day window before it tops out usually at or around the .0025 level. At this point it seems to run into resistance before falling back down. Its price has been holding up pretty consistently in relation to ETH. I don't see ETH value reaching its ATH within the near future due to ICOs still dumping on exchanges. I think its an excellent time to accumulate STORJ/ETH. As it value will appreciate against ETH in the short term. I plan to accumulate ETH over the long term probably next 12-16 months bc i think ETH will reach new ATH between 450-600. Especially as ICO's face SEC rulings and oversight and speculators get burned by some of these sham operations.
With that being said STORJ is a solid project with a great team behind them and have been in the space a number of years now. The volume on the coin is low at the moment only about 80k on Bittrex according to coin market cap but that is expected due to the current state of the market surrounding BTC.
I have successfully traded this token when it was SJCX/BTC pair when it was on XCP protocol before the transition to the ETH ecosystem. It was always a predictable range bound pair where you could set solid entry and exits to lock in profits. Below is a snapshot of the SJCX/BTC pair and then a snapshot of the new STORJ/BTC.
As you can see pricing is beginning to fall into that accumulation zone for the bounce. I think its always a good idea to look at charts from different time periods to get a better grasp of what type of trade your looking to set up. Patience is key on these types of trades but when they are very rewarding.
Please up vote,resteem and comment. Please share your thoughts.
