tether FUD is FUD in it self. the sell off last week was blistering volume on all exchanges.
price has met lots of resistance, as soon as the price broke down people piled into shorts.
the break of the first 2 black lines created the momentum for a cascading event.
once the 3rd black line broke spot sellers fear new lows have stops triggered cascading the...
if history repeats then ETC should pump at least a bit into the March 5th airdrop. Would be a real let down, or something messed up with the airdrop, if it doesn't at least take a stab at the upper rectangle based on other airdrops off of BTC, NXT, and so on.
Oil & PM's have seen some bounce yet some other commodities are "depressed". My thoughts are on the chart....average in as price trends up on the first 2 small levels and the 2 fib pulls below. Human Food, Animal Feed, oils, etc from corn in a time of grown populations & urbanization.
sooooo, anyone with a working set of eyes....or even just 1 decent eye...can see how these are similar. The earlier XRP charts on TV or the many on my twitter feed have been following and calling this fractal up & down for about 10months now. Either the new money in the system steps in changes the shape of this outcome or else late buyers are *$%ked. Waiting with...
BitcoinCash is Trash because:
-The concept is garbage
-The actors behind it are questionable at best
-The chart is a Pn'D stinkbomb
-GBTC, Bitmex, and others will be dumping all of their customers BCH on the market in coming months.
If the concept & attack on BTC by a couple of whiny dudes wasn't enough we now see an absolute garbage pn'd chart. A pump n'...
If this goes 4 for 4 then accumulating for masternodes under the red line and above the old tops (support) is the high-cap trade. it's not a trade to rush into if history does repeat. let the scoop play out.