Chart shows a strong bounce off the 4 hour trendline (and subsequent large channel elliott wave) and a pattern reversal in what I think is another elliott wave back up to the ~1k-1100 area. Great time to enter long if you can get in around the 5xx area. Suspect it will continue to get a lot of volume this week as the price of BTC fluctuates. Has remained strong even during the BTC rise unlike it's counterpart XRP, which is promising. Of course a BTC dump will probably only strengthen it's rise as more money pours into alts.
I don't think you can bank on the Elliot Wave Theory when it's not a valid Elliot Wave. Wave 4 cannot cross into Wave 1.
DashTrader
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Moon lambos for everyone?
ninjacookies
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@DashTrader, huehue. I'd settle for a well-equipped Kia. :)
DashTrader
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@ninjacookies, Moon lambo or burst here ;-). Bought back into STR on the dip down 500. Big news expected today/tomorrow. Possible PayPal partnership.
ninjacookies
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@DashTrader, You are a better man than I! Got in at 530, but sold out a position at 450 since I was going to be away from my computer for an extended period and didn't really get a clear picture.
Though I suspect that will look very miniscule compared to the long term profits involved. Definitely looking forward to what the week ahead has in store.
DashTrader
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@ninjacookies, lol. Well I have bots I have written for trading. Even when I make a manual trade like I did to purchase STR I let a bot handle it after that so I can sleep at night.
ninjacookies
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@DashTrader, Sounds like I need to get up on that bot life myself, lol. :/