SUB-BTC Substratum revolutionizing the Net; 289% ++ upside?

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.

註釋

SUB-BTC Bittrex | Substratum is one of the few projects that I see that have a decent amount of shorter term bullish potential, or perhaps its among the first to begin to show signs of bearish exhaustion. I see hidden bullish divergence on 4H, 1st target of the next Elliott impulse wave may see an edge-to-edge Ichimoku cloud break. Support is around 0.000075 and the next significant resistance is the 38.2% Fibonacci retracement line that was drawn from the high of 0.00015748. After that I think there will be a brief flirt with the 50% retracement zone (0.00010982) of the same range, where one would be wise to secure partial profit to break even. The next significant resistance will likely be at the global Fibonacci retracement zone of 0.00011868. That would be a perfect place for the 1st subwave of the Elliott compulsive wave to wrap up before another retracement on the 2nd subwave to the 38.2% retracement zone of the global Fibonacci range (0.00009513). I've adjusted the Elliott wave tool for better odds: