hey guys this is study from crypto freak
and in this very will very briefly gonna
talk about Stratis so if you didn't
watch my other blog from today you
know I think that every single all coin
at least the majority of them are gonna
have a substantial retracement
throughout the next couple of days as
Bitcoin is pumping like crazy as there
is not a lot of fresh capital coming in
the market you know there's no new money
that not that you don't really have a
lot of people that are signing up for
coinbase what's fueling bitcoins pump
it's the mark it's the money that's
already in the market meaning that a lot
of people are probably liquidating like
I did there are coins and they're
pushing it into Bitcoin making the price
go up so this means that we're gonna
have retracements across the entire
market and i think this is a good
opportunity for Stratus to have a good
retracement so you know we did have a
bottom at 49,000 satoshis we did have a
good amount of volleyball you know
obviously coming in that helped us smash
the 50-day moving average no we did
until he came across cloud we did have a
little bit of support and resistance
among this channel we broke through and
we did go to our exact target at 83 to
85 thousand Satoshi's we've been
rejected as you can see just right below
this old support and we've been pushed
down already today is the third day that
we'd be rejected we know it didn't even
attempt another sort of push back up
meaning that you know we did break the
50-day moving average and we never went
back down to have contact with it and
that's you know that's usually a good
sign that that a price is having a
sustainable that has a sustainable price
valuation you know again yes we did have
contact with this resistance at 70,000
satoshis but we didn't that was just two
weeks we never really had a good retrace
and we never really tested the the old
resistance of support it doesn't
necessarily have to you know the candle
doesn't necessarily have to close on the
authorization or support but it has
to get ready to be close to it and then
ik it will have a bounce up meaning that
judging from the 50-day moving average
you know it's kinda it's slowly moving
back up you're not gonna see you know
the price of straight is just dump all
the way down to the 50-day moving
average but it's probably gonna crumble
down relatively slowly and by the time
that it's gonna crumble down it's gonna
have contact Whiteley's get very close
with a 50-day moving average and I will
give it enough sort of of juice to
bounce up even further so as of right
now especially because bitcoin is sort
of having the whole attention of the
market and the overall community I
wouldn't buy into straightest I wouldn't
buy into all coins just generally
speaking right now so I will let me go
back and buying some more straight as
the moment that we do have contact at
least with this with all resistance new
support or even better the moment that
we do test again the 50-day moving
average and bounce back up from that so
out of as of right now I'm just looking
at straightest you know if it does go
back up and you know overtake this old
resistance at 82 you know if it goes up
to 84 85 86 fuckin Satoshi's it means
that okay he doesn't really give a fuck
about bitcoins pump and it's it and it's
gonna grow by itself but I see that as a
young likely scenario I sort of see this
other as a more like scenario the fact
that it's already gonna Richardson have
contact with either this resistance or
the 50-day moving average and then
bounce back up from there so as of right
now I'm just looking if you did find
link read more:[https://stratisplatform.com/
