some of excavo's follower were asking me why it was suicidal to buy at the time he made the call here is why. People learn better when they see a picture
Trade closed: target reached:
and in case new crypto people don't realize the whole tether thing is 6 december 17 news so no need to panic USA has no authority there. I see it as an attack on crypto organized by the US.
I agree buying at the top would be a mistake. Waiting for the dip is always better. That said, it might be a good time to enter a position now...assuming Bitcoin doesn't drop any further. If Bitcoin does continue it's decent, all TA is invalid.
@DaDude, ICON had a major breakout when it broke the 8,350 satoshi resistance last night. TA projected a bull run to 10,000-11,000 satoshi. That's clearly been disrupted now due uncertainty in the market brought on by the possible Tether scandal. So call it a mix of TA and fundamentals. Either way...the original TA on ICON most people had last night is not holding true this morning. Alt coins don't follow predictable patterns when BTC tanks. BTC isn't following any predictable pattern at the moment due to market uncertainty...I believed caused by fear of a Tether scandal. Once BTC stabilizes, normal TA will again be possible...and we can hopefully predict with more accuracy.