Alright, as discussed I wanted to post a new updated posted on Stratis here. I think this is the best moment to buy Stratis and probably we won't see the same opportunity once again here.
As already explained in the Bitcoin post on TradingView, I'm assuming that the G20 event is going to trigger another run on the fields for the altcoins and the whole crypto market. Why? We've seen a huge run up with the futures earlier. The scenario is called: buy the rumor, sell the news. Currently we see a huge dump going in to a significant big event for the market: sell the rumor (dump in to the event) and buy the news (pump when the news is out).
Also, we've seen that Stratis have been releasing tons of stuff in the past weeks and generally checking the chats and tweets on Stratis, people are fed up by the fact that this doesn't influence the market at all --> depression phase. Bubble pattern aligns perfectly with the stages we're in. Back in april it was also a nice buy, which induced 150% profits.
Another example, we've seen Bitcoin being surpressed down in the past weeks, while there were numerous things of bullish perspectives coming out. It's the exact same thing, only Bitcoin is ahead of the altcoins right now.
Then: check the TA point of view we're at right now. Strong bullish divergences + broken horizontal RSI resistance on the daily + historical background of the bullish divergences perspective can be seen here too.
Then indicators:
Strat/USD:
1 Day: RSI strong bullish divergence, horizontal resistance broken. Bullish divergence on Stoch and also on MACD/Histo.
2 Days: Same conclusion here on the bullish divergences as on the daily timeframe.
3 Days: Same conclusion here. Even bullish divergences on the MACD since the period of March/April, as this level is another lower low.
1 Week: Histogram bullish divergence + MACD turning upwards.
Strat/BTC:
1 Day, 2 Days and 3 Days same conclusion as on Strat/USD.
1 Week: Stoch bottomed out, potential bullish divergence on Stoch if we reverse here in the coming weeks. MACD and histo bullish divergence since April.
What more? Well, falling wedge pattern & elliott wave counts could be applied here.
What am I expecting? A rally towards $8-10 zone in the coming months. End of september/beginning October we can be there --> disbelief stage.
Thanks for reading!
As already explained in the Bitcoin post on TradingView, I'm assuming that the G20 event is going to trigger another run on the fields for the altcoins and the whole crypto market. Why? We've seen a huge run up with the futures earlier. The scenario is called: buy the rumor, sell the news. Currently we see a huge dump going in to a significant big event for the market: sell the rumor (dump in to the event) and buy the news (pump when the news is out).
Also, we've seen that Stratis have been releasing tons of stuff in the past weeks and generally checking the chats and tweets on Stratis, people are fed up by the fact that this doesn't influence the market at all --> depression phase. Bubble pattern aligns perfectly with the stages we're in. Back in april it was also a nice buy, which induced 150% profits.
Another example, we've seen Bitcoin being surpressed down in the past weeks, while there were numerous things of bullish perspectives coming out. It's the exact same thing, only Bitcoin is ahead of the altcoins right now.
Then: check the TA point of view we're at right now. Strong bullish divergences + broken horizontal RSI resistance on the daily + historical background of the bullish divergences perspective can be seen here too.
Then indicators:
Strat/USD:
1 Day: RSI strong bullish divergence, horizontal resistance broken. Bullish divergence on Stoch and also on MACD/Histo.
2 Days: Same conclusion here on the bullish divergences as on the daily timeframe.
3 Days: Same conclusion here. Even bullish divergences on the MACD since the period of March/April, as this level is another lower low.
1 Week: Histogram bullish divergence + MACD turning upwards.
Strat/BTC:
1 Day, 2 Days and 3 Days same conclusion as on Strat/USD.
1 Week: Stoch bottomed out, potential bullish divergence on Stoch if we reverse here in the coming weeks. MACD and histo bullish divergence since April.
What more? Well, falling wedge pattern & elliott wave counts could be applied here.
What am I expecting? A rally towards $8-10 zone in the coming months. End of september/beginning October we can be there --> disbelief stage.
Thanks for reading!