Tether Fud, India Bans Bitcoin, and $ATOM/Cosmos Launch
With the recent launch of Atoms on Poloniex, Kraken, Huobi, & others, we have seen some great hype regarding the project.
At a .1 cent token price, ICO participants are sitting pretty for the time being.
However I think market sentiment and recent news and Tether FUD will be seeing us to sub 5k BTC levels giving us a nice chance for a decent short on a $ATOMS position.
India bans Bitcoin is also a nice cherry on top for some DIP.
2 years of lock and there will surely be some people wanting to take profit off the table.
With more Atoms to unlock in the upcoming days, expect to see heavy volatility as whales take profit and re-balance portfolios.
Targets To Rebuy:
.000165 ATOM/BTC
.000825 ATOM/BTC
.00004125 ATOM/BTC
Gl!
At a .1 cent token price, ICO participants are sitting pretty for the time being.
However I think market sentiment and recent news and Tether FUD will be seeing us to sub 5k BTC levels giving us a nice chance for a decent short on a $ATOMS position.
India bans Bitcoin is also a nice cherry on top for some DIP.
2 years of lock and there will surely be some people wanting to take profit off the table.
With more Atoms to unlock in the upcoming days, expect to see heavy volatility as whales take profit and re-balance portfolios.
Targets To Rebuy:
.000165 ATOM/BTC
.000825 ATOM/BTC
.00004125 ATOM/BTC
Gl!
Comment:
Binance listing causing major FOMO, my targets are still in place, but looking at a longer time frame now in light of the recent news. My suspicion is that Binance and Cz did not do the ICO and are wanting to accumulate with the Binance bots on the way down as more liquidity is realized, circulating supply increases as people unfreeze to take profit, and whales distribute.