SUBBTC 4HR Binance - RSI MACD StochRSI Fib BB Tend-lines FlagsOverall outlook: SLIGHTLY BEARISH
My Bottom = 2800SATS
All my indicators are telling me to wait for a another meltdown, BUT SUB has been down 30% in the past 7days so a correction up is still possible.
>Stay in USD atm everything seems ready to pop any time.
>Price is at the point of being squeezed.
>If the price ends up falling may bottom in 2800SATS, but a pump may follow right away.
>SUB still has low volume so a pump/dump is still very possible.
**Disclaimer;
>This is still a novice work and definitely not a financial advice.
**Comments and constructive criticism will be fully appreciated so I can improve more with my TAs. Thanks for checking my work!
Update idea
Substratum
Substratum SUBBTCSeems like general correction is over now, but we need confirmation done by overrunning "4" high /JUNE/.
Substratum (SUB) Possible descending triangle (7% movement)Substratum seems to be holding support around the 4100 satoshi level but the resistance is getting lower and lower. Part of this may be caused by the sudden halving in volume, and thus liquidity, which means the people who hold thousands of Sub are able to severely impact the price.
I have bought Sub at 4100 and am very concerned with how it takes just around 8k of the coin to drive the coin down 2%. I have had troubles selling my position at the ideal price as the buy limit orders are very few, and have had to wait until an individual buy order came in before selling.
As we have seen with other coins such as TRX, a descending triangle will mean Substratum is likely to break down. Therefore, I would recommend having a stop loss at 4063.
If this does break up, however, our target will be 4400 sats, netting around a 7% profit.
If you want to take this trade,
Buy in:
4100 satoshi, which has been the current support.
Sell level:
4400 satoshi, which is going to be strong resistance.
Thanks for viewing! I haven't made many charts as right now as most my trades have been on the smaller timeframes. The market hasn't been doing well enough for safe 3-7 trades.
I do hope we will be entering a bullish market cycle so swing traders can have a few more opportunities on BTC/Altcoin pairs.
Substratum Gearing up for GainsWelcome back Apostles!
We have a new hype cycle underway!
Today, the coin of choice is Substratum. I Chose this coin for the simplicity of its market structure.
For newbies that don't understand how to trade profitably, it is important to keep things simple. Buy coins that don't require a ton of thought. Look for the basics!
Taking a look at the chart we can see a typical market cycle play out. We had a breakout in volume which created the first falling wedge pattern.
This volume breakout would then produce a massive hype cycle after the breakout of the first falling wedge occurred.
After the hype cycle we had nearly a full retrace(Common Inside Crypto) followed by another massive breakout in volume.
Now, wouldnt you say a common pattern is forming? Compare the first falling wedge to the second. Very similar..
For those who understand market cycles, its important to buy when prices are in complete, "Market Dispair." I will update my chart with an example of what I mean.
Once the hype dies out the smart money begins accumulating which is why we had another volume breakout. The smart money are the ones who start the hype cycles followed by dumb money buying the top. Trading can be a harsh world LMAO!
Expect this one to start a new hype cycle much larger than the first!
God Bless, JolleyCrypto
Substratum : Here to Recover your Losses !For Lazy or To the point readers :
SUBSTRATUM
Long : 0.000040 or Below ( Step buy orders Downside )
Take Profit : Step short order
T1 : 0.000045
T2 : 0.000048
T3 : 0.000055
T4 : 0.000070++
SL : 0.000030 ( Risk Apetite : Normal )
0.000025 ( Risk Apetite : High )
Keep Raising your SL at 3-5% with the increase in Price.
Risk : Medium ( Looking at the current market )
Term : Short / Mid ( Depending on the Total Market Volume )
Invest : 8% or Less of Your Portfolio
PRO TIP : Take Profit before someone else takes it, such is the market
Fundamental Analysis :
Substratum (SUB) is one of those rather rare projects that we can actually see ourselves using, as it promotes an open Internet, censorship-free, secure and, cheaper to use than current web hosting offers.
The team describes the protocol as “an open source network that allows anyone to rent their computers as a hosting server”. Basically, every computer on the network will host a tiny fragment of what the user prefers; content, websites, and databases.
Due to the website being hosted on many different nodes (computers) within the Substratum network, governments will have no possibility to track the server IP; and thus, block it. This system is secure, as no one has the full access nor control of the data as those are encrypted – leading to privacy and security. Additionally, to become a hoster, one doesn’t need to run the Substratum software all the time – making it an easy way to earn money on the side.
An evaluation of the product's potential within the industry
Size of Market: Substratum is a decentralized internet built upon its own blockchain, with native support for dApps
Current Competition: No established competitors but other projects (ex. Skycoin) do exist
Value Proposition: No censorship, relative privacy, distributed cloud computing
Feasibility: Both technologically hard and difficult in adoption
An evaluation of the team's competence and potential
Overall Team: Small team of technical founders
Background: Core team are technical people with prior entrepreneurship experience
Coherence: Missing dedicated UI/UX and business development roles
Abilities: Great prior experience but education is just satisfactory
An evaluation of the team's past accomplishments and future goals
Roadmap Status: Dated roadmap without a 2018 roadmap available (rumored to be in the works)
Code Repository: Recently open-sourced, relatively slow commit speed
Current Product: Rumored private alpha with great results, no beta yet
Adoption: No live product
PRO TIP : Don't Rush for any Trades, every coin is s.t BTC movement
Substratum Potential 20% Gain Over BitcoinSubstratum found the bottom at 3824 satoshis, tested on the 13th of June. Then price broke above the descending channel, and finally, today it broke above the 50 Moving Average suggesting the beginning of either a correctional wave up, or a long term uptrend continuation.
SUB/BTC price is likely to increase towards the 61.8% Fibonacci retracement level area, that is around 5200 satoshis. Previously price rejected this level as the support on two occasions.
The downside risk at this point is minimal, although a short term consolidation or a small move down can be expected. But only break and close below the 3824 low could result in a continuation of an uptrend and invalidate growth potential.
$SUB Bottomed out? - 1D Looks primedSUB has reached the same low as it did before the April 17' mini-alt rally and is showing Bullish Divergence on the CMF 1D.
This also could be looked at as a double bottom for a possible reversal on the coin as well.
If it breaks this support line, there will likely be up to a 50% drop before it hits the next level of support around 1900 Sats. Stop-losses should be applied in case support breaks.
Conservative traders should wait for a confirmed reversal in the down trend before committing to a trade.
As always, this is pending BTC price action and if BTC makes any major drops or rallies, price action may suffer.
$Substratum, $SUB Continuation Or Bounce
Weekly
Trend timeframe showing price has just reached our major support zone 4000 satoshi. Expecting some weekly consolidation at this level, stochastic rsi showing momentum has bottomed out.
Daily
Shifting over to our pattern timeframe we see price respecting a descending wedge pattern. Stochastic RSI still showing momentum is a our bottom. A daily close above our wedge line activates our trade, other wise we are waiting for the bears to continue to push price down towards 2000 satoshis.
4Hour
Last but not last we have our trigger timeframe, where we see price is making its way towards our first resistance at 4500. Expecting a rejection at this level on to form a double bottom at our major support zone, leading SUB to breaking out of its descending wedge. A 4hour reversal signal confirms our entry.
SUB buy opportunitie SUB hanging on a very low support. Has gone down significantly since their twitter got hacked. It might make a nice rally up, but if it fails to hold here, we will probably see it drop another 50%. Also notice the oversold RSI (Double bottom)
SUB 8/06Hello guys
As it stands right now I'm just being patient to add to my position in the right moment.
For now we've broke support (4969) by a little bit and I'm waiting for it to do something.
Until we see a decent move up or down we can't do anything imo.
rsi is approaching OS territory but it has room to go down.
Don't forget to like and subscribe
It doesn't cost you anything :)
good luck and thank you for tuning in !!
SUB update 4/06Hello guys
I got stopped out see last post :(
Some inside how I do things.
Got to exited and bought at that white arrow so I'm down 7% :(.
I'm okay with that because I've my game plan ready before I entered my trade and I'm buying more at these levels right now.
What I'm trying to say I can be wrong too sometimes but because I've my game plan ready so I don't get rekt.
Back to the TA !!
We are at the golden ratio, where we can start buying in the buy zone.
30 min to 3h rsi is starting to get oversold but the 4h rsi has room to go down until it's oversold.
ATM my stop is around 4900 range
My target is around 6400 range.
Don't forget to like, subscribe and share
It doesn't cost you anything :)
good luck and thank you for tuning in !!
DISCLAIMER:
The Legal stuff - I'm not financial adviser.
Substratum Upside ReversalSubstratum currently trading at the support area, between $0.3 and $0.38, that is 88.6% Fibonacci retracement level of the recent corrective wave down. Currently SUB/USD is right at the Fibs support, which could and should continue to act as the support.
As long as price stays above the $0.3, SUB should start moving upwards and could reach $1.43 area in the medium term. The $1.43 resistance is confirmed by two Fibonacci retracement levels, 38.2% Fibs applied through the all-time high, and 161.8% Fibs applied through the recent corrective wave down.
At the same time consolidation phase could take place and price might continue to range around $0.4 area. But only break and close below $0.3 could invalidate bullish outlook and send price lower.
Substratum (SUB/BTC) - Bounce from the triangle support The price of Substratum has found support on the prior range resistance at 5016 satoshi level which is where the uptrend support line (purple line) is. From here I am expecting the price to go back to the resistance zone before it fells back again and exceeds prior lows.
SUB/BTC What about alts?SUB. Now we can see the completed bearish flag and completed bullish flag, which in sum give us an inverted head and shoulders (HS). Also now we can observe the output of the graph from the pattern, which is supported by the completed bunch of convergences b and c, which usually means new up-trend. But the trading volume on this asset is still not large enough so it is quite dangerous for SUB holders. I recommend to keep the stop loss at the level that we also determined by the ATR indicator, and placed it at the 4500 sats.
What about fundamental analysis:
In fact, first of all, the project drew my attention precisely with its activity!
Splash of an accumulation after correction makes us pay attention to it. The ecosystem of the token is completely clean and let us know that the coin is used as an indispensable mechanism for the functioning of the project. Increase in audience will increase its price. The problem that the project solves in today's realities is very urgent, especially for people from countries, where censorship is expressed in the blocking the Internet. SUB is designed to give rise to the Next-Gen Internet, decentralized Internet, where there is no place for censorship and blocks.
Conclusions:
Buy for 5500 sats.
Put the stop on 4500 sats.
Targets at 7000-7500-9000 sats.
Short-term 7-8k, and 9k mid-term
substratum/btc looks primed for meYOOO
easy gains = easy life
Okay this is tooo easy as it seems to me but why make it difficult if it really can be easy.
To start I'would say if support is broke is can go down 10% - 30%
So I'm getting out if it breaks
If it doesn't well guys the upside is very very niceee.
First target is 9200
second well every thing that passes 9200 is to be determined
I see more upside then down side so for me it's a done deal
also rsi is going up
like, subscribe and share
It doesn't cost you anything :)
good luck
DISCLAIMER:
The Legal stuff - I'm not financial adviser.
Substratum - Elliot correction waveSUB/BTC broke its 0.236 Fib retracement level and we might see the end of this ABC Elliot correction wave at ~5k, which was a strong previous support. If it fails to hold, we might see a full retracement back to ~4700. Also worth noticing the bullish divergence forming on RSI, just like a lot of other alts.
Long: Substratum ($SUB)Substratum broke out of the accumulation zone and is making a move to the upside.
Entry: Below .00006
Target: .00007600 / .00010600
SUBSTRATUM - Inverse head and shouldersLooking at the 4-hour chart for SUB, we can see a possible inverse head and shoulders pattern forming. The RSI is oversold and the showing bullish divergence. I'd like to see the MACD be closer to reversal, but I believe we are so close to the trend line, once we break out that is when then the reversal will form. We are hitting some support points in the head so I think any buy now is a steal. With a 7000sat head, we are looking at a big target from the neckline probably around 17000sat.
SUBSTRATUM 100% Profit (Need Hold)SUB on Strong Support
Just Buy a huge bag and Hold.
Entry : 6000 - 6200 STS
Target : 11000 -12500 STS ( 100% Profit)
SL : 4900 STS.
Good Luck. :)
Substratum (SUB) Trading Plan (40% Profit Potential)Signals:
-Correction of 20% from its previous highs, currently trading near support of 7800 satoshis.
-Substratum NODE Open Beta launches on 5.11.18, hopefully this will be mentioned by a certain influencer near that date.
-Channel up may be forming according to the 1 day timeline.
-RSI bounced off 40, indicating bullishness.
How to trade
Buy in:
Around 7500-7800 satoshis.
Selling points:
8900 satoshi range (+14%)
9900 satoshi range (+28%)
11000 satoshi range (+40%)
Stop loss recommendation:
Somewhere under support level of 7500 satoshis.
Don't hesitate to share your thoughts in the comments section. Thanks for viewing!
Substratum isn't very well known here on tradingview, but it's basically a system of nodes running a decentralized web, and according to Google Trends, Substratum has been pretty popularity in China.
Triangle pattern on SUBBTC Interesting view on the substratum weekly. Interesting to take HODL position after confirmation of a successful breakout. Watching this.
