Basil13
Long

Substratum - Decentralizing The web, but is the Fud over?

BINANCE:SUBBTC   Substratum / Bitcoin
Substratum has taken a beating in recent weeks with negative press, shortly followed by decline in price harder than most. Public alpha relapse version of the network has not been finalized which is providing new investors with uncertainty. I believe the token is being listed on another exchange according to Coinmarketcap which could bring more liquidity to the market. However good things come to those who wait; and time their moves correctly. This FUD provides a trade opportunity. If the uptrend continues breaking the green triangle into the 0.382 Entry Zone on a larger Timeframe; A safe Long entry can be considered. Figures and targets on chart and Below. Enjoy


Target 1 = .00017462 Stop: .000069000 4:1 Risk / Reward

Target 2 = .00034500 Stop: .000069000 11.7:1 Risk/Reward !! (Long Entries are winners)

Comment: If you're Not afraid of a small risk, entering before 8k would be more than viable. I can feel a sentiment shift Coming.
Trade active: Levels to watch. Interesting price action here;

Comment:
Trade active:
Trade active: Sure, things don't always go to plan when people fomo into btc; its inevitable, however this provides opportunity for strong positioning

Comment: SUB Held that bottom called on Feb 21st beautifully and has been slowly trading upwards since vs bitcoin and the dollar. am i looking for a position here? No, i will be buying back on support at around 4800 unless a break occurs which would provide a short term trading opportunity, we could see ATHS here but as mentioned in other posts the market is not convincing me to go long here.
Comment: (SUB just kissed below the 0.382 drew up on the original chart)
Still active? Where do you see a bottom?
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Basil13 trenncost
@trenncost, we can expect some movement around the 0.236; if it tanks below that its not cool. But as usual once bitcoin moves 20% everyone dumps alts, standard procedure. then alts pump
Reply
Basil13 trenncost
@trenncost, bottoms in id say Near enough!
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