FCTBTC has been extremely boring for the past few weeks, bouncing around in a range between 0.00146 and 0.00184 with no decisive action up or down.
No way to tell how this will unfold - it might keep showing the same boring behaviour - but FCTBTC is starting to become one to watch again. If price moves above 0.00184 even failing to make a higher high and getting stopped off at one of the fib levels still provides substantial gains - and Poloniex has 2.5x leverage for non US-traders to make things even more interesting.
If FCTBTC takes a dive under 0.00145 it's likely that we dive down to the two support levels marked in red. These could be very interesting points to stock up if things do go south, as it is very likely that the 0.00146 level will be tested as resistance after that. I'm cautiously bullish at this moment, especially given the fact that FCT is one of the rare cryptocoins with an actual use-case out there in the world. But I'm already holding so I don't need to buy more. If price goes down I'm adding to my long position at the two zones indicated in red. All in all, I have a hunch that we'll finally have some more interesting price action to watch for Factom!
Slight drop to the downside, pivoting around the 00.00142 level, as it did back in november 2018. Given the huge movements in BTCUSD at the moment, I think it's a good sign that FTBTC is holding it's position, with little sell volume in spite of the little drop. In dollar value FCT is in a rising wedge, heading for the apex in a week or two.
So all in all, I'm remaining watchful and positive!
wolfdouchy
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grab time :) !!! locked in here hehe
thomasvandenabeele
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@wolfdouchy, Grab time and make-or-break time! Excited to see what will happen as I'm holding bags now and don't want to be stopped out. Staying with my first resistance zone for now, but I'm keeping a very close watch on this for the upcoming week!
wolfdouchy
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alèh thomas update hè :p
thomasvandenabeele
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@wolfdouchy, Not much to update: load up around 0.00100 and 0.00080. Unfortunately I didn't have buy orders set up as I was waiting for price to drop more gradually, otherwise I would have been able to snap up at the spikes to the bottom. It was pretty suspicious activity to be honest, and a sure way to wash out all the longs on margin or with stops, so one could say it's a signal of whales getting ready for a move up.
So all in all, I'm remaining watchful and positive!