STRATIS (STRAT)Technical Analysis Says to Temper the Bullish Expectations

in #stratis7 years ago

SUMMARY

STRATIS (STRAT) completed five waves up (blue) and seeing how extended the 5th wave is, the retracement is deeper than usual. Given the wedge pattern and breakout from the larger one; how bullish can this be assessed? The second smaller wedge is also about to breakout. How tempered should the bullish expectation be?

The Elliott Waves show an abc being complete for the larger wedge pattern and likely an abcde for the smaller one. However, note the sideways action from the C wave of larger wedge to the top of the smaller. This is indicative of a correction that likely has more to go.

The overall label is probably best fit by the below wxyxz (blue) count. Could this correction extend in time until July? Yes as that would fit quite well into the Hurry Up & Wait syndrome of Altcoins. Let's see if there is a breakout of the smaller wedge and how price travels afterwards. IF it makes higher highs (higher than prior blue X); then a relook of waves qould be needed. But not until then.

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Hello Mr. Haejin,

I would like to know if you want to have a civilized discussion about why you and @starjuno flagged my latest posts.

Is it because i am tracking the performance of your advice?

I would like to say that i started to do it because i don't see you providing the results of your advices anywhere else, and i got curious of how good Technical Analyst you are, and started tracking your performance myself.

So far, on 4 days fell 19,16% of the invested value, while the same amount on BTC only fell 14,88%.

Doesn't look good so far. But it seems that you know that already, since you only downvoted the posts and didn't provided any insightful comment.

Don't worry. I will keep tracking your portfolio in real time, and also do some backtracking on past months as soon as i have some extra time.

Aren't you curious of how is your performance?

Have a good day.

I expect STRAT to hit $100 this summer.

Quick post some nonsense here, before everyone else does

Flag for internet trolling, this is steemit. for nonsense comments and self likes go to facebook @rasor

Edited: Removed flag from this comment, i think i misunderstood it, actually it may contain proof-of-brain :)

sorry @rasor :D

OHHHHHHHHHHH SORRY MR STEEMIT POLICEMAN.

Obviously you don't get irony or sarcasm, perhaps English isn't your first language?

Have you seen the rest of the comments?

My brain sometimes delay it self. You are right my native language is spanish.

I think i got your point today after your reply, yesterday i could not picture that clearly :)

Please excuse me

No te preocupes por eso :)

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Hello Mr. Haejin,

I would like to know if you want to have a civilized discussion about why you and @starjuno flagged my latest posts.

Is it because i am tracking the performance of your advice?

I would like to say that i started to do it because i don't see you providing the results of your advices anywhere else, and i got curious of how good Technical Analyst you are, and started tracking your performance myself.

So far, on 4 days fell 19,16% of the invested value, while the same amount on BTC only fell 14,88%.

Doesn't look good so far. But it seems that you know that already, since you only downvoted the posts and didn't provided any insightful comment.

Don't worry. I will keep tracking your portfolio in real time, and also do some backtracking on past months as soon as i have some extra time.

Have a good day.

Try tracking his performance since he's been on Steemit friend....not during a bear market...this is the time to ladder in each dip down...some investors do it differently..it's all personal preference...but for you to bad mouth him for the last 4 days just makes you look foolish friend

Try tracking his performance since he's been on Steemit friend....not during a bear Market

Don't worry, i am backtracking his oldest advices. Just haven't published yet.

And one of the things i have seen so far on the data i gathered on his older recommendations is that he only started to give mostly bearish recommendations only a few days ago.

But from what i saw, the bear Market started in January, so he is 3 months and a half late.

but for you to bad mouth him for the last 4 days just makes you look foolish friend

So, checking someone's performance is called "to bad mouth" someone and being a foolish? I don't think so.

It is actually the opposite. I won't put my money on someone's advice, unless have enough data that show me if the advice is good or bad. And i suggest you to do the same. Do your own tracking of his advices to have a better picture.

And if during this performance tracking i find that he indeed have a 90% accuracy, i will start to follow his advice right away.

After all, who don't want to make easy money with low efforts right?

We all know what your up to...and to track a coins performance alone without interviewing any of his followers is a waste of time too...people enter and exit at different points...haejin has said numerous times to keep cash on hand, ladder in and take some profits on extended wave 5's...in any event, have fun

We all know what your up to...and to track a coins performance alone without interviewing any of his followers is a waste of time too

So here is a suggestion: make your own tracking on haejin advices, with clear rules of when to get in and out of position and publish it.

It's Always good to have another view.

Flagged this post to Counter Rewards from #haejin

Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
EOSEOS5.891$1.36%-19.4%
QAUQuantum0.165$2.24%-14.88%
STRATStratis5.441$0.21%-25.97%
WAVESWaves5.577$0.59%-10.18%