Advice for those holding STRAT

Advice for those holding STRAT - Printable Version

+- Hack Forums (https://hackforums.net)
+-- Forum: Money (https://hackforums.net/forumdisplay.php?fid=241)
+--- Forum: Crypto Currency (https://hackforums.net/forumdisplay.php?fid=380)
+--- Thread: Advice for those holding STRAT (/showthread.php?tid=5642161)

Pages: Pages 1 2 3 4 5

Advice for those holding STRAT - AJ911 - Jun 8, 2017

Over the past few days, there's been a lot of questions about whether to hold, buy or sell STRAT.

There was clear technical information that STRAT was going to retract from the huge price movement made over the past two weeks. Against all bets made by those who refused to believe that STRAT would break 0.0034, the trendlines of STRAT clearly show that it was on a downward trend.

My advice as of the 5th June was to get out of STRAT, breaking even just before BTC squeezed up and affected the altcoin market capital. Over the past few days we have seen STRAT decline in price, with support at 0.0031/30.

Based on predictions and charting that has been pretty accurate to date, either STRAT will reverse pretty soon (upwards) having now retracted to the end of a wedge pattern, or decline further down to 0.0028/25 which were previous highs earlier last week.

The factor that affects this the most is whether or not BTC recovers or continues to drop. It is not the case that if BTC drops, alt coins go up and vice versa. It is much more the case that both indicate market confidence and right now a lot of investors are waiting to see which direction prices go.

It is always the case that many traders will be looking to get in at the lowest price before the next gap up, however judging that is always the risk as we don't know what the bottom is.

Here's a chart, indicating the initial wedge pattern, which STRAT broke out of early but failed to make a new high, but created a parallel channel and trended downwards pretty accurately between channels as you can see. It has support at 0.0031 which is the base of that wedge pattern but it failed to gain momentum to make new highs, indicating that STRAT was slowly but steadily selling off. We will pretty much see sometime within the next 24 hours what direction STRAT goes.

Personally. I had the opportunity to get into STRAT at .0031 but didn't go for it as discipline should be the basis of all trades. I still think that STRAT will futher decline past the support, but no one can really know for sure.

* - grady - Jun 8, 2017

An objective stance on something that people are passionate about, supported by evidence.

is this actually hf

* - MoneyGod - Jun 8, 2017

i invested some money in stratis a few minutes ago.
It has such a drop would not suprise me if it now hits 12-15$ (in a week)

* - grady - Jun 8, 2017

(Jun 8, 2017 10:04 AM)MoneyGod Wrote: i invested some money in stratis a few minutes ago.
It has such a drop would not suprise me if it now hits 12-15$ (in a week)

I don't think you read/understood the thread at all

* - MoneyGod - Jun 8, 2017

(Jun 8, 2017 10:06 AM)๖ۣۜInfamy Wrote: I don't think you read/understood the thread at all

i did but i think strat is going to rise
ofcourse i could be wrong i'm still learning to day trade since i'm normally a guy who holds long

* - ruben0148 - Jun 8, 2017

I'm on the STRAT ship, If the ship sinks so will I.

* - DenizZ - Jun 8, 2017

Very nice thread. Have you kept in mind that new tech is coming out soon for Stratis? Don't you think that will influence the value?

(Jun 8, 2017 10:08 AM)ruben0148 Wrote: I'm on the STRAT ship, If the ship sinks so will I.

I'm on that ship as well.

* - MoneyGod - Jun 8, 2017

(Jun 8, 2017 10:08 AM)ruben0148 Wrote: I'm on the STRAT ship, If the ship sinks so will I.

a true captain goes down with his ship🤝

* - Donald Trump Jr. - Jun 8, 2017

If a stock goes up 20 percent it makes the world wide news, Stratis went up 500 percent in a matter of weeks, your charts are complete bs anything can happen Stratis is just readjusting.

* - VideoWarfare - Jun 8, 2017

STRAT has so much that we haven't seen yet. In my opinion this is just whale manipulation at the moment. Lmao people (like the author of this thread) are panicking like crazy. We havent even seen STRAT in action with the up coming BREEZE wallet, which will impact the price a LOT. People, this is the SAME thing that people said when Ehtereum when up in price and then droped 10% days later. Keep holding, we have yet to see the amazing impact the STRAT will give us.

* - Patrick Bang - Jun 8, 2017

Im holding 1k Stratis at the moment :)

* - AJ911 - Jun 8, 2017

(Jun 8, 2017 10:10 AM)DenizZ Wrote: Very nice thread. Have you kept in mind that new tech is coming out soon for Stratis? Don't you think that will influence the value?

I'm on that ship as well.

I think the breeze wallet news is factored into this new price range already. It's launch may affect the price

* - Geezy - Jun 8, 2017

Strat to the moon, a breakout is coming mark my words :)

* - AJ911 - Jun 8, 2017

(Jun 8, 2017 10:12 AM)Donald Trump Jr. Wrote: If a stock goes up 20 percent it makes the world wide news, Stratis went up 500 percent in a matter of weeks, your charts are complete bs anything can happen Stratis is just readjusting.

You say the chart is BS but then say 'anything can happen Stratis is just readjusting.'

This chart simple indicates possible adjustments, entries and exits.

* - VideoWarfare - Jun 8, 2017

(Jun 8, 2017 10:14 AM)Kollegah Wrote: Im holding 1k Stratis at the moment :)

I'd advise you to be VERY careful telling the public how many STRATS (or any other crypto coin) you have. You never know if someone will come after you or anything along those lines.