STRAT is forming a double bottom pattern with the previous low already being tested and held. It now sits just above the all time low price suggesting a good time to enter. It looks to be in an ABC corrective pattern which I assume will finish with a truncated C due to the previous bottom already being tested
A 1:1 extension of wave 1 - 3 predicts a 30% gain. Following the rules of alternation considering wave 2 was a deep retracement I assume that wave 4 will be somewhat shallow and not overlapping into the territory of wave 1
This suggests that any upwards movement is going to be drastic. If you wanted to enter on confirmation of an uptrend I'd suggest waiting until the previous high of wave 1 has been breached, which result in a 17% gain to the first target of wave 3
I personally wouldn't enter right now as there is no confirmation of an uptrend and the correction may last until BTC bounces, however if you favor early accumulation then I don't see this as a bad entry.
STRAT has also just broken out of a falling wedge, suggestive of an imminent uptrend.
A 1:1 extension of wave 1 - 3 predicts a 30% gain. Following the rules of alternation considering wave 2 was a deep retracement I assume that wave 4 will be somewhat shallow and not overlapping into the territory of wave 1
This suggests that any upwards movement is going to be drastic. If you wanted to enter on confirmation of an uptrend I'd suggest waiting until the previous high of wave 1 has been breached, which result in a 17% gain to the first target of wave 3
I personally wouldn't enter right now as there is no confirmation of an uptrend and the correction may last until BTC bounces, however if you favor early accumulation then I don't see this as a bad entry.
STRAT has also just broken out of a falling wedge, suggestive of an imminent uptrend.