Stratis is in the long-term support area. In this area the bullish trend could resume.
The C wave can reach as low as the 1.618 extension of the A wave, and even lower, considering the C wave of the smaller degree A wave extended to the 1.764.
STRATBTC still looks good, considering the impulsive move seen earlier this year.
This correction was however quite deep and probably led to alot of people throwing in the towel.
Just remember that in crypto-land 50% or more drops are very common, so make sure you are emotionally prepared for that and manage your position size accordingly.
The C wave can reach as low as the 1.618 extension of the A wave, and even lower, considering the C wave of the smaller degree A wave extended to the 1.764.
STRATBTC still looks good, considering the impulsive move seen earlier this year.
This correction was however quite deep and probably led to alot of people throwing in the towel.
Just remember that in crypto-land 50% or more drops are very common, so make sure you are emotionally prepared for that and manage your position size accordingly.