Looking to see if this pattern plays out again when Bitcoin cools off.
After the big dump, $BTC recovered into the low 8's for a bit for a few days of (positive) sideways action before rallying from 831-912 the last day and a half. PBOC announcement and subsequent calming of fears was possibly a fundamental cause for slower action(?) and Coinbase announcement (received license to operate from state of NY) may have been a contributing factor to recent positive move (probably minor, if at all?). $FCT went down slightly due to the rally, but held strong in price. Questions:
a. Does $BTC volatility contribute to stalling possible breakout for $FCT?
b. Might $FCT breakout against positive movement anyway?
c. Might another heavy correction come soon for $BTC that could propel movement in alts (hopefully $FCT)?
d. $FCT has been disabled on Poloniex for a bit now because of M2 testnet integration...often, coins pump when re-enabled - maybe for $FCT?
More to come...need to check out news, see if anything fundamental lines up on the horizon for FCT. "Prediction" based solely on chart...1-2 week crawl/possible downward action to .0032 before a 4 week rally to .0070+.
DISCLAIMER: Trying to teach myself how to create/read charts and make sensible predictions - please go easy on me! ;) That being said, any advice/information/corrections that you can provide would be greatly appreciated. Lastly, (it should be obvious, but...) please do not make trades based on my ideas! Thanks for looking.
After the big dump, $BTC recovered into the low 8's for a bit for a few days of (positive) sideways action before rallying from 831-912 the last day and a half. PBOC announcement and subsequent calming of fears was possibly a fundamental cause for slower action(?) and Coinbase announcement (received license to operate from state of NY) may have been a contributing factor to recent positive move (probably minor, if at all?). $FCT went down slightly due to the rally, but held strong in price. Questions:
a. Does $BTC volatility contribute to stalling possible breakout for $FCT?
b. Might $FCT breakout against positive movement anyway?
c. Might another heavy correction come soon for $BTC that could propel movement in alts (hopefully $FCT)?
d. $FCT has been disabled on Poloniex for a bit now because of M2 testnet integration...often, coins pump when re-enabled - maybe for $FCT?
More to come...need to check out news, see if anything fundamental lines up on the horizon for FCT. "Prediction" based solely on chart...1-2 week crawl/possible downward action to .0032 before a 4 week rally to .0070+.
DISCLAIMER: Trying to teach myself how to create/read charts and make sensible predictions - please go easy on me! ;) That being said, any advice/information/corrections that you can provide would be greatly appreciated. Lastly, (it should be obvious, but...) please do not make trades based on my ideas! Thanks for looking.