Ready to make up yesterday's losses and then some? Check out STRAT; over the next 10 days it will be nearly lead of the altcoin-pack with incredible gains, bringing the asking price to 500k sats = over $50!
The Anderson Report
Next week will be a big week for altcoins with many making multiple hundred percent gains. I've reported on several including Steem, Bitshares, Syscoin and more; be sure to check those out here after you read through this. It's going to be a very profitable week all around.
Stratis will be part of the excitement as well with a projected 3.7x move to 500k sats; Bitcoin conversion to USD will give an approximated $55 value per STRAT. Below, the 3 day chart is shown with the prior fractal from Spring 2017 overlain directly onto the current price action:
Above, the trend-based Schiff-fork edge aligns with the end of the fractal projection at 500k sats, indicating a key resistance point that coincides with the psycological price point of 500k. RSI, charted below the candlestick chart above, is at the edge of making its first cross into overbought, almost always a very bullish signal in crypto charting. Bittrex's On-Balance Volume is agressively making new heights as the STRAT market gets bought up. Momentum is unclamped and positively increasing, very bullish and key to making this move happen.
Profit Maximization Strategies
Entry:
I always have the same advice for buyers at these levels. Long term investors who've been holding should simply continue to do so. Traders looking to make a 10-day +200% off STRAT should look for entry on a retrace dip like yesterday or today; avoid market buys where possible. Place stop-buys at points below the current price where many weak-hand traders would place stop-sells; often times this strategy will give handsome contrarian gains.
Target & Exit:
Sells should be set around the 480k-495k satoshi level in order to maximize profits if the price begins to wick back. This move will end around January 25th, giving a daily expected gain average (DEGA) ranging between 20% and 24%. Use a risk management plan that includes an exit if the 1-day candle closes below 115,000 sats, signaling a divergence.
A full entry and exit within this timeframe will approximately triple BTC placed in this position; you may opt to sell 2/3 to free up capital, and hold the core position for another day.
As always friends, do your own research, balance your portfolio, practice tight risk management; and all time frames are an estimation, +/- a few days is realistic.
Have you bought or sold any STRAT recently?
Is there any topics you'd like to see covered?
Leave your answers in the comments below.
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How come you don't write anymore?
Electrical engineering is the other hat I wear, it can be demanding unfortunately.
Besides that, few people like to read poor market outlook reports.
I do drop in every couple days to curate, but rest assured, when the markets begin to recover I'll be back at it!
Cheers, friend.
what do you think about sbd and steam prices are opposite each other?
SBD is only worth $1, anytime its not that, expect it to go to that eventually.
Thanks for the optimism! Hodl(ing) what I got, trying to get more at this fire sale!
With potential parabolic moves like in the chart, I can see how many are attracted to playing the crypto coin market, wow! There must be some that are making a fortune with their trades, and vice versa of course, but that is what makes it so exciting :)
Great post @thebeachedwhale! Best of luck with your positions ;)
Great post @thebeachedwhale you always have good info to share!
I hope you’re right! I also hope stratis continues to climb afterwards.
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