People mostly look at altcoin vs bitcoin graphs when altcoins do not have cross with fiat currency on the(ir) exchange.
I believe this is a mistake since sometimes you can not see opportunity fast enough.
Here is an example of Stratis which looks like great opportunity vs USD, but not that great vs BITCOIN.
There is a pattern that works well on altcoins. When alts rise in USD, but not yet in Bittcoin it is smart to wait for a Bitcoin graph to line up and get a support and then buy on that support (horizontal line).
This looks like great timing anticipation for (explosive) growth.
With Stratis we have it all:
- USD graph formed an up channel
- local top sell off (Stoch RSI) gave us great opportunity to buy on dip
- RSI does not need to go that low in order to buy, when we are in bull trend (check two previous local dips)
- volume is rising and is higher than on all-time high levels
I believe this is a mistake since sometimes you can not see opportunity fast enough.
Here is an example of Stratis which looks like great opportunity vs USD, but not that great vs BITCOIN.
There is a pattern that works well on altcoins. When alts rise in USD, but not yet in Bittcoin it is smart to wait for a Bitcoin graph to line up and get a support and then buy on that support (horizontal line).
This looks like great timing anticipation for (explosive) growth.
With Stratis we have it all:
- USD graph formed an up channel
- local top sell off (Stoch RSI) gave us great opportunity to buy on dip
- RSI does not need to go that low in order to buy, when we are in bull trend (check two previous local dips)
- volume is rising and is higher than on all-time high levels
Trade active
Comment:
Timing similar to the end of July. Volumes probably bit lower for few days, consolidating for future growth. Stoch and RSI also on similar levels. Buy (more) opportunity.
Comment:
Prices have moved in the wrong direction due to China news and Bitcoin taking down all the market. More about crisis here:
There is support at 13.5, but I would wait with trading until I see what Bitcoin does. Correlation with altcoins is too strong at the moment.
There is support at 13.5, but I would wait with trading until I see what Bitcoin does. Correlation with altcoins is too strong at the moment.
Comment:
#support at 3$ ofcourse