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It has been a very long bearish trend for STRATIS. In saying that we are closer to the bottom than the top. AS you see both STRATIS vs BTC and vs USD we have come to a consolidation. Price is currently sitting at the POC (Point Of Control) with a full retrace. For the last few month STRATIS has maintained its dollar average while the Satoshi value has dropped quite significantly. Internally both the BTC and USD charts look similar that they both don't look to bad. OBV suggests that the public has been accumulating STRATIS for the last 6 months. Histogram on both charts showed that the reversal should have happened around Nov 2018 but due to BTC bear market being so severe that everything took a hit. Willy is stupidly oversold on the BTC chart where on the USD chart it is not there yet. Volume on the BTC vs USD shows that the bears are falling asleep on the BTC chart but gaining momentum on the USD chart. Conflicting messages but we are now 4 weeks into heavy selling that somethings got to give.
In my opinion, if STRATIS dev keep doing what they are doing and we continue to consolidate hodlers and buyers will be rewarded greatly in the long run. Remember Bear markets don't last forever.
* Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)
It has been a very long bearish trend for STRATIS. In saying that we are closer to the bottom than the top. AS you see both STRATIS vs BTC and vs USD we have come to a consolidation. Price is currently sitting at the POC (Point Of Control) with a full retrace. For the last few month STRATIS has maintained its dollar average while the Satoshi value has dropped quite significantly. Internally both the BTC and USD charts look similar that they both don't look to bad. OBV suggests that the public has been accumulating STRATIS for the last 6 months. Histogram on both charts showed that the reversal should have happened around Nov 2018 but due to BTC bear market being so severe that everything took a hit. Willy is stupidly oversold on the BTC chart where on the USD chart it is not there yet. Volume on the BTC vs USD shows that the bears are falling asleep on the BTC chart but gaining momentum on the USD chart. Conflicting messages but we are now 4 weeks into heavy selling that somethings got to give.
In my opinion, if STRATIS dev keep doing what they are doing and we continue to consolidate hodlers and buyers will be rewarded greatly in the long run. Remember Bear markets don't last forever.
* Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)