BCN potential short term decision time
Updated
I think this prior support at approximately 130 sats from May 2017 could hold. If not it has strong support at 113 and right at 100 sats. If you bought a while back, below 100 sats as I did we might as well hold for a bit to see if we get another pop upwards. The chances of arbitrage with the new Binance listing has passed and I haven't been able to get my coins out of Poloniex anyways... I'm still trying because it seems the volume can come in the fastest on Binance and go higher than hitBTC and Poloniex.
What a bunch of wackiness we've seen the past few days with BCN. Maybe there was some funny business, maybe not. All I can say is if you bought below 300 on Binance there is hope this year. If you bought above 1000 sats use what happened on Binance as a learning experience. Check the other exchanges for price discovery. Don't buy if it's multitudes higher than everywhere else.
What a bunch of wackiness we've seen the past few days with BCN. Maybe there was some funny business, maybe not. All I can say is if you bought below 300 on Binance there is hope this year. If you bought above 1000 sats use what happened on Binance as a learning experience. Check the other exchanges for price discovery. Don't buy if it's multitudes higher than everywhere else.
Note
The prices have aligned across HitBTC, Poloniex, and Binance. If there has been some fishy funny business this is when everyones transfers will finally go through. Either way, gravity has finally done it's thing and all of the changes are on the same page.Note
Poloniex does not want you to take your coins it seems. The network looks under control yet every time I try to transfer to Binance they just cancel it and it ends up back to my account. I will update if/when I can make a transfer, but it would be great if others could comment. Anyone get coins out of Poloniex or HitBTC?Note
The price of 125 must hold on HitBTC or it will see 100 I'd say. Poloniex must hold 119. Binance must hold looks like 120.If those supports fail I see it going to 100, and 70's if 100 doesn't hold. For the upside it needs to get to 130 and hold it in the next hour or two, or the next dump is coming.
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Ok, so some coins finally transferred over to Binance from Poloniex...Note
The trading is tightening up and riding that support line. Im not considering another trade until BCN shows direction. If the bears win it will go back to 100-105 range and then possibly ride the red GANN fan down to continue consolidation. If it breaks upward I bet it jumps to 128. A trade could be there if it breaks the resistance at 128 while looking at 140, 180, 200 for exits.Note
If price is kept close to 130 we may see a nice bull flag on the hourly. If it doesn't, it's just another pump and dumperoony. We going to 140+, or dumping right back to 108...Note
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