SUB-BTC Substratum revolutionizing the Net; 289% ++ upside?
Updated
Let’s take a look at SUB-BTC. Substratum (SUB)
Details: Substratum (SUB) is a decentralized web-hosting platform that seeks to revolutionize the internet. Substraum nodes can bypass firewalls and also recieve the additional benefit of a "VPN-less VPN".
Fundamental drivers: The C.E.O is friendly and open about what they team is doing. Here’s a demo of the Alpha II system: youtu.be/vttmhC2oWTY
This is a solid review of Substratum: youtu.be/Ur8mokzISQs
As with any ambitious project, there will be FUD. I’d say they have cleared it up for the most part, now we’re just awaiting a fully functional working product. Relevant: themerkle.com/putting-the-substratum-rumors-to-rest/
Technical Analysis:
SUB is fresh on the scene, so there isn’t much on the charts to go by, however we can map a global Fib that appears to be accepting the range of those retracement levels quite well.
SUB is a great specimen for mapping fractal patterns. Take a look at this Elliott wave playing out. This theory hypothesizes that crowd behavior ebbs and flows in clear trends. stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory
The 4-hour chart is more useful for such a young chart, as is the Elliott wave. Here we see that the 5th wave was much longer than the 1st, but all other boxes have been checked and I think that we are now preparing for the impulse wave of the next Grand Supercycle.
I think that because these waves have aligned so well with key Fibonacci levels, we have a really good case study for crowd behavior. There’s a lot of excitement over at Binance and the Substratum team has done well with their marketing, so it’s no surprise that crowd sentiment would really shine on this chart. So what can we expect next?
Well, that’s where the guesswork gets much harder, but I imagine people will be shouting about cups, handles, and double tops in a few months’ time.
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I expect that we can hang out around these lower levels for a bit longer, with sudden spikes as whales buy in and attempt to establish a price floor. Until this downtrend is broken, it is more difficult to determine the beginning of the next Elliott wave cycle.
Entry: 0.0000615 - 0.00008
Target 1: 0.00011561
Target 2: 0.00017446
Target 3: 0.0002185
Disclaimer: All ideas are my own, this is not intended as financial advice and is for educational purposes only. Please do your own research as these are highly speculative and volatile assets.
Details: Substratum (SUB) is a decentralized web-hosting platform that seeks to revolutionize the internet. Substraum nodes can bypass firewalls and also recieve the additional benefit of a "VPN-less VPN".
Fundamental drivers: The C.E.O is friendly and open about what they team is doing. Here’s a demo of the Alpha II system: youtu.be/vttmhC2oWTY
This is a solid review of Substratum: youtu.be/Ur8mokzISQs
As with any ambitious project, there will be FUD. I’d say they have cleared it up for the most part, now we’re just awaiting a fully functional working product. Relevant: themerkle.com/putting-the-substratum-rumors-to-rest/
Technical Analysis:
SUB is fresh on the scene, so there isn’t much on the charts to go by, however we can map a global Fib that appears to be accepting the range of those retracement levels quite well.
SUB is a great specimen for mapping fractal patterns. Take a look at this Elliott wave playing out. This theory hypothesizes that crowd behavior ebbs and flows in clear trends. stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory
The 4-hour chart is more useful for such a young chart, as is the Elliott wave. Here we see that the 5th wave was much longer than the 1st, but all other boxes have been checked and I think that we are now preparing for the impulse wave of the next Grand Supercycle.
I think that because these waves have aligned so well with key Fibonacci levels, we have a really good case study for crowd behavior. There’s a lot of excitement over at Binance and the Substratum team has done well with their marketing, so it’s no surprise that crowd sentiment would really shine on this chart. So what can we expect next?
Well, that’s where the guesswork gets much harder, but I imagine people will be shouting about cups, handles, and double tops in a few months’ time.
—
I expect that we can hang out around these lower levels for a bit longer, with sudden spikes as whales buy in and attempt to establish a price floor. Until this downtrend is broken, it is more difficult to determine the beginning of the next Elliott wave cycle.
Entry: 0.0000615 - 0.00008
Target 1: 0.00011561
Target 2: 0.00017446
Target 3: 0.0002185
Disclaimer: All ideas are my own, this is not intended as financial advice and is for educational purposes only. Please do your own research as these are highly speculative and volatile assets.
Note
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I'll post some info on how I calculate my own Fibonacci retracement ranges soon.
babypips.com/learn/forex/divergence-cheat-sheet
Trade active
Check out the recent watchlist update for more on Substratum.twitter.com/BamaJD/status/963465522414223360
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