The value of STRAT and other alts will need to be a LOT higher for it to reach the same BTC ratio again as in May 2017.... BTC value has grown over 10X since then. If BTC goes to 30K then it's gonna be even harder for START and other alts to reach anywhere close to previous BTC ratio.... isn't that ture?
That's why I don't get how you can draw fib lines on BTC ratio chart and expect the value to go retrace back to these areas, it's significantly harder now
CryptoJulio
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@devilninja777, Interesting POV, but how can you explain some altcoins already did repeat their market cycle against BTC, by exemple : KMD, LSK, they just came back to their historical BTC ratio, even if BTC is more expensive now... More money is coming to the market, not only in BTC, so there is a chance for coins like STRAT to go back to this level. Other coins in similar position is PAY.
devilninja777
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@CryptoJulio, That is true, that's what I'm hoping for... even 25% retrace to those levels would be a good trade. I would love for it to go back to previous BTC ratio... it's just tough when BTC is so bullish, I think 2018 will be another bullish year for BTC
That's why I don't get how you can draw fib lines on BTC ratio chart and expect the value to go retrace back to these areas, it's significantly harder now