STRATIS (STRAT) Update: Wave ii done yet?

Let's focus immediately on wave i and ii. Wave ii is either done or needs a bit more down to complete. Once it is placed, price is expected to rise for waves iii, iv and v. Still, the Bitcoin Bear could do some damage.

Here is what bothers about the TA outlook for Stratis:

As the Bitcoin Bear rages, this chart shows a potential Head and Shoulders Bearish Top as marked by LS (Left Shoulder), H (Head) and RS (Right Shoulder). The ABC (red) could be the pattern potential, as well.

Here is some didactic information on the Head & Shoulders Pattern:

http://www.investopedia.com/terms/h/head-shoulders.asp

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36

Legal Mumbo Jumbo: 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.