Stratis STRAT - Feb 2 Technical Analysis - Long Term Potential 198%
We find Support above 92K satoshi
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Days to weeks) - Bullish
Short Term Bias (Today) - Neutral
Short Term Bias (Next few days) - Neutral to Bearish
Long Term Target Prediction - 597K Satoshi + by 2019
Firstly to correlate similarities to OmiseGo, we can see OMG form the same type of pattern, where it broke out to fairly exact 1:1 extension target 1, and 1:161.8 extension target 2.
We ask ourselves, can another chart that looks similar do the same?
This is a great 12:1 R:R setup with a potential for 200% gains as a long hold.
Extremely long term, it's not possible to predict fundamental changes, though from many charts, I've demonstrated that a 1:1 and 1:1.618 extension targets are very possible to hit. This is what I see.
Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders
Tutorial Series
Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
Lesson 2 - How to Analyze Candlesticks Charts with Strategy
Lesson 3 - Moving Averages
Lesson 4 - Relative Strength Index RSI with Advanced Strategy
Lesson 5 - MACD and Histogram
Lesson 6 - Margin Trading Long, Short, Leveraging
Lesson 7 - Basic Risk Management
Lesson 8 - Fibonacci Retracement Part 1
Lesson 9 - Fibonacci Extension Part 2
Lesson 10 - Laddering
Lesson 11 - How To Interpret Time Frames
Lesson 12 - Swing Trading Advanced 55 EMA Strategy
Lesson 13 - Introduction To Elliot Wave Theory
Lesson 14 - Using a Basic Excel Tracker for Risk Management
Lesson 15 - Tutorial Part 15 Automatic Stop Sell/Buy Executions
Lesson 16 - Tutorial Part 16 - Advanced 55 EMA Strategy with Time Frames and MACD Part 2
Twitter - https://twitter.com/PhilakoneCrypto
Youtube - https://www.youtube.com/user/philakone1
If I've helped you, consider buying Luna and myself a beer
BTC address: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd
Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD
The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.
DISCLAIMER:
Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish.
Sweet. I like your initial comment. I use your content to validate my coins, but also learn to TrADE!!
You have too much confidence in us. We will be in the next for more than a year haha.
I think you have a typo in the long term predictions. $30,000 is a bit far-fetched. Otherwise, great content. Keep up the good work.
haha that was for bitcoin. i forgot to change it
Hey @PhilakoneCrypto I understand you’re entering the strat trade pretty soon. With BtC predicting to crash in a week doesn’t that affect your entry point? Since BTC pulls alts down
He did not say Bitcoin will "crash" in a week. He said that the correction for Bitcoin will be done soon and likely make another touch in the upper 7k region.
If Bitcoin dips and drags stratis down, we'll simply have a WXY structure. The price will still reach the target; the time it takes will only be delayed a bit.
I found out about Haejin from you recommendation and was watching his stuff while you took a break. But i have to admit i enjoy watching your videos in the crypto TA space. I'm no trader but i love elliot waves lol.
Really happy to see you here!
Feeling lucky I came across your channel before I went ahead and lost my initial $600 during January. Right now my $ are in BTC waiting to float up and are worth $540. Not too bad. Now to build on that this year. I want to become a full-time trader by end of 2018 and get out of poverty!
To put things in perspective, I'm unemployed, got about $1500 cash, 10K in assets, and $600 invested in trading, this is my year I'm going to make it happen! (oh and of course get a job which is hard at age 59 hence the interest in trading)
Keep the great tuts coming Phil and the cool vibe.
Oh and buy you and luna lunch!
Let's make things happen! Excited to have you here.
Coins mentioned in post:
Nice TA! Gonna monitor its movement and of course btc movement closely! Thanks again!