gumbyguy
Long

VEN/BTC Increasingly Steep Descent

BINANCE:VENBTC   None
Measuring each subsequent lower high on VEN's recent freefall reveals to us that the descent is getting increasingly steeper. If you feel like trying to catch a knife, treat this as a bounce play and sell for 10-20%
why should the VEN chart mean anything when token swap on binance in the 22nd.
+2 Reply
Maximilian108 cryptothrice
@cryptothrice, obviously its indicative of the price of VET. VET will start trading close enough to the closing price of VEN, certainly below 300 satoshis.
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gumbyguy Maximilian108
@Maximilian108, Correct, as VET will be at a 100:1 ratio with VEN. I wonder if sub-300 satoshi VET will cause a bump up once Binance completes the swap
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