Stratis/BTC: Pattern Expected to Remain Intact
Note: I'm getting flooded with questions asking if people should be selling now to raise cash. I had stated in prior posts to sell the bounces to go farming for cash IF you had zero cash. Regardless, buy and sell decisions must be self made!
STRATIS (STRAT/BTC) will also likely dip IF Bitcoin appraoches $8k; and that dip will carry the white wave 2 further down but still remain above the start of white wave 1. Since Bitcoin is the moon that moves the tides of the Cryptosphere ocean, there won't be an Altcoin pair that will escape unaffected. This rounded bottom formation is expected to remain intact, even with the lower low for wave 2.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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