Taking Long on SUB/BTC Bear has lose momentum an looking forward for my mid target with this RSI level and the candles formed.
SUB
Technical Analytic for #SUB #Substratum (30/08) - CryptoStation#SUB (SUB/BTC)
Buy : 2100-2150
Flash Sell : 2200-2250-2300-2350-2400
Short Sell : 2500-2600-2700
Stop : 1900
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SUBUSD: one of the biggest possible returnsSubstratum is an outstanding project with an extremely high potential for the future. While it was rather expensive to buy in the past, the bears made a favor for us, and not SUB capitalization is around $76M with ~0.19$ a coin. Recently it perfectly bounced off the historical low with a consequent increased volume (although on the rise). The reversal was actually preceded with a relatively long price side action, which may now serve as a support. The descending triangle was form during the price fall, and the breakout of that triangle upwards nearly perfectly matched the bounce from the support level. Price-wise, with respect to USD, Substratum offers a great possible profit of 35x in case of reaching a previous ATH. The combination of all those positive aspects in my eyes makes SUB one of the greatest deals at the current moment of the crypto market.
SUBSTRATUM: $1.5 BILLION PARTNER + ANNNOUNCEMENT - PROFIT=95.35%Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 26th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 95.35% PROFIT!!! IN 2 WEEKS
The increase in price may also be explained by positive developments including:
March 23: Successful test of private beta v0.2.0 Node on MacOS
April 11: Completion of private beta SubstratumNode tests on Linux, Mac and Windows OS
April 20: Notice of new version of Substratum v0.3.0 with a number of difference fixes and enhancements.
April 26: Substratum airs mini documentary on Fox Business to 60 million US homes. This is expected to increase publicity of the cryptocurrency.
April 27: Young and Investing (Youtube Personality) names Substratum as one of he "TOP 3 COINS TO WATCH IN MAY"
April 29: Altcoin Buzz (Youtube Personality) names Substratum as the the top cryptocurrency to ensure destabilise threats to net neutrality.
April 29: DataDash (Youtube Personality) names Substratum as one of the "TOP 3 COINS TO WATCH IN MAY"
(NEW) May 11: Korean Exchange Coinbit lists Substratum.
(NEW) May 11: WazirX (Indian cryptocurrency exchange) lists Substratum.
(NEW) May 11: Substratum announces new earning mechanism which allows users will be able to earn for ALL WEB TRAFFIC when running a Substratum Node.
May 12: Suppoman (Youtube Personality) mentions he is bullish on Substratum and believes it is underpriced.
May 12: Substratum has announces the release of the Substratum Node Early Open Beta.
May 12: Bitbns (cryptocurrency exchange) announces deposits for Substratum deposits now active.
May 12: Multiple reports from community of Substratum nodes functioning without isssues.
(NEW) June 9: Substratum announces removal of mintoken() command reducing the ability to create additional supply of Substratum reducing the change of dilution of ownership. Substratum also removes the setPrices() ensuring that price is driven by demand rather than by a fixed price.
(NEW) June 23: Justin Tabb from Substratum announces CryptoPay. Cryptopay is an online wallet that allows storage, transfer and spending capabilities for GBP, USD, EUR, BTC. This will allow all sites and applications that run on the Substratum Network to process cryptocurrency transactions using any publicly traded coin. CryptoPay allows for the immediate crypto to fiat resolution assisting with the mainstream adoption of cryptocurrencies by reducing volatlity of payments.
(NEW) August 1: Justin Tabb announces that a large US non-profit organisation with a yearly transaction volume of $1.5 billion has signed up to use CryptoPay.
(NEW) August 23: Justin Tabb announces "VERY LARGE PARTNERSHIPS" regarding CryptoPay on the Tuesday, 28th August as well a GAMECHANGING announcement that ties Substratum Nodes, Substratum Host, CryptoPay and Product 3 together.
(NEW) August 24: Substratum Node 0.3.4 & 0.3.5 released.
The general uptrend in the crypto markets as well as the positive developments outline above.
***The "Crypto Bottom" crypto trading indicator used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for more information)***
SUBBTC - Reverse you must!SUBBTC is approaching all time low, as long as the technical low is not take out, EW rules for a second wave still apply. Weekly closed into a doji, so expecting one more doji candle this week for a stronger signal of bottom being in. Note that it doesn't necessarily need to make a new low but a 3 wave structure is mandatory.
3D RSI on a triangle squeeze.
SUBSTRATUM BULLISH IN SHORT TERM 100% - CryptoManiac101SUBBTC TRADE
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
My $1k to $100k Challenge - Day 22 Trade #33 - SUBHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
I am changing my strategy a bit, I will be using 2 to 1 (profit/loss) risk vs reward. My sell targets will still be 5% but my stop loss will be -2 1/2%.
I will also be using 3commas trading bot and using profit trailing starting at 3%. What this means is once an active trade hits 3% profit, the profit trail will kick in. If the price drops -0.5%, autosell will occur for roughly 2 1/2% profit.
This will be another learning experience for me as I am new using 3commas. I hope I don't make any costly mistakes.
Looking back at my losing trades, many trades hit 3% profit or more, then dropped down to hit my stop loss. This new strategy should prevent this problem and turn in more wins.
These last few weeks have been fun. I have won some trades and lost some trades. Learning from my failures will help bring me success.
After 21 days and 32 completed trades:
Wins: 14
Loss: 18
Balance: 0.1537 B
USD: $ 1079
*Some trades may be pending and not yet included in my stats
I am on a losing streak of 8 in a row =(
The trades I post have been losing, the trades I don't post have been winning, lol.
There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.
CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge.
If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart.
Alright, here we go with Day 22 trade #33
I invested 0.15308 B into SUB. I bought 6880 for an average cost of @ 2225 satoshi
Sell target is: 2336 for 5.03% profit
Suggested Stop loss: 2169
SUB price is all the way down to its Binance debut price range from back in November of last year, expecting a bounce from here.
In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all.
I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
$SUB, Moon Time…
Weekly
Looking at our trend timeframe we see price is making its way towards our 2500 support zone, momentum not showing any signs of slowing down. Expecting price to continue to fall this week, will be watching daily timeframe for a reversal.
Daily
Shifting over to our pattern timeframe we see SUB is now at a critical point, momentum shown bears are in control. We have recently been rejected by our 3700 resistance, and are now testing our dynamic support. Expecting SUB to break through our dynamic support and retest our 2500 support level. Waiting for a daily close above 3700 or a bounce off 2500.
Substratum Trend Reversal?Substratum did hit the bottom on the 29th of June, where it hit $0.16. At that stage RSI formed a bullish divergence on the 4h timeframe suggesting the correction up.
Currently it is obvious that price started to print higher highs and higher lows, and recently broke above the 200 Moving Average, reaching $0.3 high. On the small corrective move down, SUB/USD has rejected the 200 Moving Average and 38.2% Fibonacci support at $0.25.
Such price action suggest the continuation of the corrective move upwards, and price could reach 38.2% Fibs at $0.45, which also corresponds to the 461.8% Fibs applied to the current corrective wave down.
When/if the resistance is rejected and broken, further growth potential shall become quite likely and could mean trend reversal for the Substratum, which at the end might result in a new all-time high.
SUBLong-term deal
Capital management (proposed and free choice)
1 - Buy from the current prices by 50% of the transaction value
2- Distribution of the remaining 50% on outstanding purchase orders at the following prices (3000 - 2000 - 1300) Satoshi
The expected profit rate of 400% was calculated from the price of 4000 Satoshi to 20,000 Satoshi
Fibonacci lines help you choose the exit price (sell)
SUBBTC Descending channel breakoutWe detected a descending channel breakout, however the price is in overbought state and should lower according to Stoch RSI and MACD to our suggested buying zone. Nevertheless price shouldn't go back to the channel because of the hidden bullish divergence and Ichimoku cloud support which is right at the top line of the support
Signal with buy zone, stoploss and strategy recommendations is in the Premium channel
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 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 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.
$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.
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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.
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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.
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
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good luck
DISCLAIMER:
The Legal stuff - I'm not financial adviser.