Ok the volume has died down to less than 1 bitcoin in the last 24 hours on TER....
It may be going flat.
Meanwhile I see some other coins making strong signals. LTC looks primed for another breakout to the up side, I like it at 0.0195 BTC or so.
I've stayed in TER because it's spikes up to trend have regularly been 100% plus. So one spike up and I'm whole with a little profit.
But if the volume dies and the trend crosses the price, and the coin goes into permanent doldrums....That's not what we want at all....
Also there are questions as to the viability of the coin. I've known this since I started trading, but wasn't planning to be a holder of TER for anything but the shortest term possible so the scuttlebutt concerns making the rounds relevant to my trade term. Livecoin hasn't mentioned any intent to delist the coin, nor any other of the typical warnings you get (livecoin delisted steem with two weeks notice, I don't know why) if there's a problem with a coin.
And there's a huge pile of sell orders (good sized ones) at .950 BTC and up. It's a LOT of resistance.
Took a bad hit but still up 90% or so for december so far!
I'm still thinking about it. I don't want to miss a spike if it happens....Holding this post til I make a decision!
Any one of the big sell orders just above the current prices could clean out the sellers pretty far down. Of course, earlier in the week, I exited a trade because of the same condition at a higher price and it popped exactly one second after I bailed.... I didn't lose anything but I missed my trade....>:(
Ok, I'm Liking LTC out of the big volume coins so far. I may come back to TER, but, for now I think LTC would be a good position...
SOLD for 0.91 BTC ate my sour lunch now I'm bidding on LTC
Chart after I fill...