The reality of the situation in crypto today is that there is much danger and calamity.
Mount Finex is crumbling and becoming ever more sketchy and ever more dangerous each day. It would appear to me that perhaps, with their new minimum deposit requirements and only processing LTC withdraws quickly, that perhaps they are not solvent.
It would also appear to me that many of the pumps that are happening in crypto are related to Tether, are for the purposes of pumping the alt-BTC ratio, and exiting the market on inflated pairs via KRW , JPY, and USD fiat exchanges.
The reality is that on Friday, South Korea will announce “measures on cryptocurrency trading” according to a Reuters report that is citing a official.
Yesterday’s market dump seemed to be related to that news. Markets have since recovered.
But, as we’ve discussed in great detail, Bitcoin Cash is the one crypto on the entire market that has the strongest fundamentals.
Because Bitcoin Cash is Bitcoin . Except it works.
This is going to prove itself to be a bigger and bigger deal as the future plays out.
Bitcoin Legacy (BTFee™) does not have a well functioning blockchain.
Fees are still $60/byte, a mere 2,900%+ more than Bitcoin Cash
Average confirmation time on the BTFee™ network is at a relative low at a meager ~270 minutes.
Ethereum has proven that it cannot handle itself under the load from even one widely-used smart contract.
Litecoin as discussed, is a very centralized coin in terms of its distribution and its fees, and while albeit much cheaper than BTFee™, is considerably more expensive than Bitcoin Cash .
And although amidst major market correction, in the absence of a Cashening or a Dragon Slaying scenario, Bitcoin Cash will dump along with everything else, it’s still one of the the safest, if not the only safe bets on the market to hedge your value and your risk in.
The reality of price action is that we’ve now had two 12 hour candles close outside of the prior downtrend line. Price action is now retesting the 0.382 fib retrace from the mania blow off top, Tenkan-Sen has crossed Kijun-Sen. And we have a green Kumo twist, albeit slight, on the 12 hour chart.
The breakout is real, and although it’s slower than some of the other coins are experiencing, these gains are major and real and we now have a trading opportunity that is arising.
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
Everything still within parameters of the trade structure.
Congratulations to those who have traded the thread. You're sitting on ~$300 in profit and positioned well to deal with the rest of the run.
Pump and dumps have been there to distract you. The shills like webmi, qdoc, and cryptnight that crawl all over our threads talking shit are there to make you capitulate and miss the opportunity.
You need strong hands.
Strong, strong breakout.
If you were following this trade you were +$500 profit and we're coming up on target 1.
If you benefit from my posts, please take a minute to sign the petition to end the organ harvesting of Falun Gong practitioners in my beginning post.
Currently consolidating. I have to sleep for a while longer but we'll revisit this in a few hours and see if we can find room for further upward movement.
Alt coins? Use Binance: https://www.binance.com/?ref=10196383
10% off on fees on Bitmex