CryptoShadow
Giá lên

Detailed Substratum Play (GET IN EARLY)

BINANCE:SUBBTC   Substratum / Bitcoin
Hi All,

Substratum is looking like one of those great plays to get into for the month as F.A is strong and should be able to carry it's legs.


-Broader targets of 69 -7.6k satoshis can be run.
- However, due to the beastly project, fomo & extension could take it high as 10k. Or 100% return from it's current price.

Confluence can be found in the regions mentioned above.

-Support zones are from 5.5k up to 4.9k.

Patience is required for this one. Details In Chart
Please update. Idea seems to be working for me.
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Volumes seem to be a little lacking IMO. I'm in sub since 4.6k sats and I'm not too pleased with the volume, doesn't seem very breakout worthy.
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@trader47, Hey brother - congratulations for getting in early. You should be in good profit by now. I agree that the volume isn't technically huge, but the alt coin market is not booming with volume in general right now. Yes the top 5-8 coins on binance might be, but from there on out it's low.

However what we have been seeing is this total trade volume flush from coin to coin in a very cyclical manner lately, upon F.A / news events taking place.

This is why I labelled 'get in early' because it is still early. 10 days is a lot for the impatience of the crypto mass - vol. is likely to come in closer to the time.

In direct contrast to your comment - vol. moving into a low vol. coin is the prime circumstances for a breakout.
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trader47 CryptoShadow
@CryptoShadow, "However what we have been seeing is this total trade volume flush from coin to coin in a very cyclical manner lately, upon F.A / news events taking place. " Couldn't agree more. I've recently allocated a small % of my portfolio to trading on FA/news based and struggling with it. How do you keep track of news and different coins?


As for BAT, my previous comment didn't reflect this, but I think we're still in the accumulation phase for this coin. Volumes, albeit 'low', are almost 2-3x what they were a month ago.
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@trader47, Basically, I am primarily a scalper but I'm starting to move towards F.A plays to. I keep track of them by interacting with the general twitter community + checking coincalendar etc. The main thing here is absolute patience, which Is also ongoing training for me. Being online a lot also helps.

Yup, I agree. @trader47 I also run a community of traders / cryptocurrency heads on telegram which I can invite you to, if you are looking for somewhere to integrate into.
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trader47 CryptoShadow
@CryptoShadow, yes please. That sounds great. Will dm you my telegram id.
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