g'day fellas. we've had a few rough months. coins have come and gone and one of those coins have recently caught my attention. STRATIS- i posted about it a couple months back and with absolutely minimal experience and using a rather subjective strategy of trading back then as well.
taking a broader look at a lot of the coins right now it is very clear to me we are either forming large degree accumulation (like the ETC i suggested few weeks back). all you need to do is zoom out. What I've got here is STRAT on the Daily timeframe. What I have highlighted is the monthly order block (if you can call it that, only 1 candles worth of info).
In the short term they have some great news coming up with a whole bunch of updates rolling out. They have 1) Beta release 2) Sidechain Alpha release 3) Breeze privacy protocol release 4) academy course release and all of this prior to June 30.
This is what I think will be the likely course of Strat.
In the next 6-12 months of so the rest of Phase B should play out - building the cause, see us either at 0.0008 (+70%) or 0.0014 (+175%). I'm thinking this happens while bitcoin bottoms out at or around 3k and shows signs of recovery (I'm pretty confident on this, still too many moon boys in the sphere)
Then as bitcoin takes off (could be within 12 months or more) and takes off for real (back to 20k?), and taking off so hard it steals market cap from the alts (think october/november 2017) STRAT dumps once again to form Phase C - test.
Then as bitcoin distributes, alts will bloody fly - I'll see you at previous ATH's or above.
Then the real bitcoin rally starts (to 50k?) and that is where the next dump cycle begins.
Just my thoughts and my ideas.
Feel free to critique it and give me advice. Cheers
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monthly chart with a wyckoff accumulation accumulation pattern on it. volume profiles matchup perfectly
Monthly OB is also shown
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Prices have almost reached the bottom of the monthly suport at 338. I would have my stop loss juts below that ie 0.000332 If prices do not hold previous lows, then we're going to 0.00016 or so.
That said price action looks disgusting on the daily. I'm still waiting on the side.
Market cycles take years to play out.
people in crypto think this is a different asset so it doesn't abide by normal market cycles.
they're wrong.
bitcoin won't see 20k for at least 6-12 months.
I'm betting in around 2 years we'll be back at ATH and ready for another immense move up.
people need patience.
money isn't made in 6 months.
it's made over many years
SecretsOfWealth
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@EnZo, maybe u wrong ..crypto still not growen yet look to stock market !!