TristanWallace

Monster buy volume spikes on MTL, near strong support line

Long
BINANCE:MTLBTC   Metal / Bitcoin
I track volume vs market cap rank. Currently MTL is ranked 170 but has 45th highest volume. I'm seeing potentially some monster accumulation here (has been happening on and off for a few weeks). First time I noticed it was out of HITbtc (Korea) today is on Binance. This is possibly driven by BITTREX accumulating ready to relist (as has been rumored). If not I'm not too sure what else, unless someone knows something we don't. That said MTL is currently 12% of ATH vs BTC so represents good value, not withstanding that crypto credit cards have had some troubles lately I think this is a pretty safe play.

In a general sense I see BTC gaining in market domination (see coinmarketcap.com) so keep an eye on that too.

That said, there's no guarantees (see my last one on Nexus, I still believe it'll come good though).

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