Timeframe: 240M
Main Scenario: The pair STRAT/BTC has been dropping considerably since Jul 18 and touched the 0.00031130 (April 2017) and possibly we will see a retracement from this level the indicators are showing oversold levels and pointing up and we can wait for a confirmation for and long entry if the price manages to cross the Pivot S1 at 0.00034352
Alternative Scenario: The price could bounce in the Pivot S1 and could fail to look for lower lows this week.
Entry/Stop Loss/ Take Profit:We would go short on this pair if the price crosses the $ 0.00034683 with 3 main targets
T1 = 0.00037074 (5 %) Just over the 38.2% Fib Retracement
T2 = 0.00038820 (10 %) Just over the 50% Fib Retracement
T3 = 0.00040920 (16%) Just over the 61.8% Fib Retracement
The Stop Loss can be placed at $ 0.00032255 (-7%)
Duration: This is a Medium-Long term trade
Consolidation/Ratification level: If the price crosses the first target, you can drag the stop loss to the entry point.
Warning Level: A further drop below the minimum of the Pivot S3 will invalidate this setup.
Risk Management: Risk/Reward Ratio: 2.57. If this becomes a valid setup you could have a very good profit of between 5% and 18%.