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ThenDK
Apr 24, 2019 2:19 PM

STRATBTC: Short to 3600 and then hard up summer 2019 Short

Description

Dear trading enthusiast,

Like most coins STRATBTC is still correcting from the 2017 pump. Ever since that pump, price is being attracted back to the 3600 sat support level.

There is plenty of space above the current descending triangle and I think Stratis will be one of the first altcoins to see her previous ATH.
Stratis seems to be 6 months leading in terms of pumps and corrections. Summer 2017 pump vs jan 2018 pump of other alts and same for the price rise in Nov 2018 vs the alts Feb 2019.

Bottom-line: I think we will see STRATBTC correct significantly down in search of the 3600 bottom and the see huge pump after breaking out of the triangle this summer.

TheNDK

This post is obviously just for your entertainment and not financial advice

Trade active

The 16K support did not hold. So I expect Stratis will keep sliding downwards coming days and to stay in the descending triangle. Once bitcoin drops significantly from the current highs, I expect to see a hard drop on all the alt coins

Trade closed: target reached

Comments
RaakeshhNair
3600 sats can happen if btc goes to 20k usd again or it goes to 1500usd again. Other than that its even hard to break 15k on stratis imo.
Hellblazer
Every scenario is possible, new ATH always come, but there are very important supports in 15k that aren't gonna break so easy (Whales in the game that already bought cheaper). This is possible but i think 3800 isn't going to happen.
fastter
@Hellblazer, i just salt at 1250 waiting for new lower this year to rebuy.
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