¿What's up with Stratis? - New market cycle might be upon us

gazur (54) in trading • 7 years ago (edited)

Is this a new market cycle for Stratis?

Hello and goodevening dear steemians.
Today I have my eye on a very popular project, as it might have just begun it's next market cycle, for a very promising project with a humongous support from the community. Stratis is poised for great things, but is this the time?

We might have confirmation and a good entry point if such occurs, but let us take a look first

The downtrend triangle was broken, thus giving us the first indication of a possible reversal. I will still be wary of entering, as this might have been a fake breakout, leading to Stratis to retest previous support.

In the 2h chart the MACD shows a bullish trend reversal pattern, from current retracement. The stochastic RSI supports a pump and the RSI shows that Stratis is still not overbought.

Trade idea

My initial idea was to buy 60% on this retracement. But a trader who I respect alot, advises to buying in next retracement if it pumps to ride the 3rd-5th elliot waves, putting the buy price @ around 0,00091 BTC:

Bought:

30% @ 0,00074 - 0,00078 BTC

Will add:

70% on next retracement @ around 0,00094

Stop loss:

0,00071 (safe value)

trading bitcoin stratis news blog

7 years ago by gazur (54)

$2.59

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burnthamsterpub (51) · 7 years ago

Your technical analysis is great. Stratis just released the Beta version of Breeze Wallet and is likely waiting only on the Seg2X fork for full main net deployment, so the data is reflecting the long overdue release of their Breeze Wallet and other things coming out of their pipeline. I don't do TA myself, but I see TA line up so often with release of Tech coming out of crypto projects I watch. The time to invest in Stratis is before the Seg2x fork and Breeze Wallet going live on Mainnet.

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1 vote

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gazur (54) · 7 years ago

yep, don't forget master nods

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resteem.bot (65) · 7 years ago

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maksudarrahman (0) · 7 years ago

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amrumk (61) · 7 years ago

Good strategy Sir

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rahulbasu (46) · 7 years ago

This is some nice info!! Planning to invest in stratis now!! But taking into consideration the market sentiments and several other factors, I think there will be another dip! Will invest then!! But nice article...! I really appreciate that!! Do come up with more technical analysis and all!!

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gazur (54) · 7 years ago

that is why I invest so little at the moment and make the big purchase after confirmation of next cycle.

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minnowpond (62) · 7 years ago

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