g'day fellas.
we've had a few rough months.
coins have come and gone and one of those coins have recently caught my attention.
STRATIS- i posted about it a couple months back and with absolutely minimal experience and using a rather subjective strategy of trading back then as well.
taking a broader look at a lot of the coins right now it is very clear to me we are either forming large degree accumulation (like the ETC i suggested few weeks back). all you need to do is zoom out.
What I've got here is STRAT on the Daily timeframe.
What I have highlighted is the monthly order block (if you can call it that, only 1 candles worth of info).
In the short term they have some great news coming up with a whole bunch of updates rolling out.
They have
1) Beta release
2) Sidechain Alpha release
3) Breeze privacy protocol release
4) academy course release
and all of this prior to June 30.
This is what I think will be the likely course of Strat.
In the next 6-12 months of so the rest of Phase B should play out - building the cause, see us either at 0.0008 (+70%) or 0.0014 (+175%).
I'm thinking this happens while bitcoin bottoms out at or around 3k and shows signs of recovery (I'm pretty confident on this, still too many moon boys in the sphere)
Then as bitcoin takes off (could be within 12 months or more) and takes off for real (back to 20k?), and taking off so hard it steals market cap from the alts (think october/november 2017) STRAT dumps once again to form Phase C - test.
Then as bitcoin distributes, alts will bloody fly - I'll see you at previous ATH's or above.
Then the real bitcoin rally starts (to 50k?) and that is where the next dump cycle begins.
Just my thoughts and my ideas.
Feel free to critique it and give me advice.
Cheers