Short
STRATBTC Broke a Major Support
An obvious victim of the BTCUSD bear has been STRATBTC.
Using the 6H timeframe I plotted a strong support line going all the way back to the Medieval Period. OK, maybe not the Medieval Period, but certainly a long-time support.
Not sure where the floor is with STRATBTC, but this certainly wasn't it. I see this as a confirmation that this support has been broken, and Stochastic RSI still pointing downwards across several time frames.
I like STRAT as a project and think it has good fundamentals, but the market has not been kind to it.
Using the 6H timeframe I plotted a strong support line going all the way back to the Medieval Period. OK, maybe not the Medieval Period, but certainly a long-time support.
Not sure where the floor is with STRATBTC, but this certainly wasn't it. I see this as a confirmation that this support has been broken, and Stochastic RSI still pointing downwards across several time frames.
I like STRAT as a project and think it has good fundamentals, but the market has not been kind to it.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.