Trading analysis of 3rd January factom and Bitcoin

in cryptocurrency-analysis •  7 years ago 

BTC/USD

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While I was writing about possible BTC pump it already started. Let's figure out what possible movements we can see in the nearest time? The nearest resistance line is at 15500 USD. If we will be able to go through this line, then our next stop is at 16580. I doubt that we will pass through this line, but if that will happen - then our next stop is 17200.

What if BTC won't be able to go through this resistance line?

Then we will likely return to 14000 USD price line, before taking another attempt to go over 15500 resistance line.

What if the price will move below support line of 13504? Then our buy zone is 12300 and 12600

The most important line is 16580 which will define further BTC movement

FTC/USD

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As some of you might know I am strong supporter of Factom and I believe that this token is going to be one of the largest crypto-projects alongside with projects like Ethereum.

I know that some of you might think : "Oh, I missed my train, because it was only $17 dollars in November and December, but now it's already $65!"

Here is a magic thing about cryptocurrency: Major trade pairs are in BTC, not USD. If you will take a look from FCT/USD perspective it might seem like token is overbought. HOWEVER, if you will take a look from FCT/BTC perspective, you can see that actually Factom is almost on the BOTTOM.

I strongly recommend to have this token for a mid and long-term, as I can bet that this token is going to be worth more than 100 USD in 2018 and will double or even triple its BTC value during this year.

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FCT sounds like federal capital territory...
.besides you sound like the founderbof BTC
Biko if you are I need just 1 small BTC...
Just 1 ...

😂😂😂😂
Keep steeming my friend

Thanks for sharing your thoughts...