Crypto Contest November 24: Stratis
Stratis (STRATUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
Elliott Wave Analysis
In Elliott Wave terms, Stratis began a wave one advance on July 11. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 10, and the red wave two (blue sub-waves a-b-c) correction ended on November 2. If this wave count is correct, Stratis should be heading next towards the August 10 peak in the red wave three.
(Chart courtesy of Tradingview.com)
In the weekly chart, I believe Stratis is currently in the red wave five (blue sub-wave iii). The red wave five began on July 11.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Here is Stratis in a Nutshell by Boxmining.
(Source: http://boxmining.com)
If you think this analysis is correct, upvote this post and upvote the comment "Stratis will takeout the August 10 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Stratis will drop below the July 11 low".
If you think Stratis is in a range, upvote this post and upvote the comment "Stratis will stay in a trading range between the July 11 low and the August 10 peak until December 25".
You can upvote the comment until 3 PM EST November 25 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Stratis will stay in a trading range between the July 11 low and the August 10 peak until December 25 (33 voters as of 3 PM EST November 25: helikopterben, me-tarzan, twinner, crokkon, miniature-tiger, flemingfarm, simonjay, lucasgabd, ace108, catena, dirty.hera, dlina-v-metrah, toofasteddie, osmanbugra, tzap90, komischername, mirda, coolthings, carlosdaniel, richard78624, heroic15397, allmonitors, yefet, andy23, ragnaros, dbooster, plumygg, abay, rekaa, heidelbaer, arpepa, freskil, koskl).
Lately i like to compare altcoins with the BTCUSD price. Usually they follow BTC up and down like a snake moves to the flute of its master. If i remember the Dow Jones theory right, 65% follow upwards and 85% follow downwards.
If i see an altcoin that just cannot follow a rising BTC price anymore, i am pessimistic.
Made a drawing for STRATUSD compared to BTCUSD https://www.tradingview.com/x/7SrKbGr1/
https://steemit.com/investors-group/@helikopterben/the-big-long-update-on-collapse-in-bitcoin-dominance-11-14-17
I believe we will see alt coins outperform bitcoin in the coming months.
It will depend on how educated people are.
I wonder why LTC is not used over BTC, for example. There is every reason to do that. Yet BTC performed better than LTC so far.
Stratis will takeout the August 10 peak (19 voters as of 3 PM EST November 25: bleujay, otisbrown, lydon.sipe, bentleycapital, fitinfun, cryptotem, eirik, themovieplace, reconnectnature, skririm, starline, digitalking, anetchen, mihail.tsvetkov, kanoe, me-do, amfid4846, margaritaradkova, incrediblesnow).
You won.
Thank you for posting @maarnio.
Stratis is a keeper.
Appreciate the winnings.
Wishing you and yours a lovely Thanksgiving holiday.
Cheers.
NB...Very kind of you to reSteem....thank you.
Thank you bleujay.
Yes. Stratis should be ready to go.
Happy Thanksgiving to you as well.
Michael AKA @boxmining does an EXCELLENT job communicating CRYPTO!
Yep.
Very true.
Stratis will drop below the July 11 low (3 voters as of 3 PM EST November 25: razorwave8, cassidyandfranks, gunsmithing).
goood
Thank you kinaabderrahmane.
Feel free to participate in the contest.
greetings, maarnio,
i have to say, you are very reliable.
you always post every day, no matter what.
Thank you koskl.
I would not be able to do it without you all.