Ethereum classic price managed to find bids against the US Dollar and Bitcoin, and ETC/USD is now eyeing a break above $17.50 for further gains. www.newsbtc.com
There is strong resistance at the 2220 level and an upper channel of 2530. I expect prices to bounce between these channels until the 10th July 2017.
The 5th July will determine the direction of any potential breakout, and future trading channel.
I suspect we will see a lower high of 2400, and the price will further decrease from there into the 2200 range.
Sign...
72,339,809 tokens were issued and 35,712,790 are left. Probably quite a few of them have been converted into equity or RRT via Bank to the future.
0.7$ per token seems a lot to me and we are in overbought territory, but things are somehow looking good for BitFinex (which is quite weird). The Bitfinex team is very incompetent and it is a surprise to me that so...
Instead of breaking down short on the daily as I saw last week over the weekend on the swing timeframe 240 minute BFXUSD is breaking out long.
I did some research last night to get a grasp on exactly what the "value" of BFX tokens should be. Assuming that Bitfinex does not get hacked again, remains solvent, and repays their customers as promised then each...
A bearish Ichimoku cloud breakout is setting up on the Bitfinex repayment tokens. A bearish trend could form on the break of the consolidation which has a bottom around $0.50 and could retrace part of the premium move since inception. Lacking more data the best retracement would be the 61.8% Fib which matches with the immediate rally highs. Keep an eye out
