MasterOfCoinage
Long

Trading Idea for CFI + Market Cycle & Trend Pivot Analysis

BITTREX:CFIBTC   None
Launched in July 2017, the $CFI token entered the marketplace during a very challenging period for Altcoins and had essentially spent the second half of 2017 in a down-trend.

With the recent "Awakening" in the Altcoin markets, today $CFI had finally broke out towards a new higher high and has confirmed a trend reversal. I expect the value of the $CFI to rise against $BTC over the coming weeks.

As a platform for new blockchain applications, one of the added fundamental benefits for $CFI is that new projects have been and are consistently being launched through their platform.

From an investment perspective, the fact that it sits outside of the Top-150 tokens in terms of overall Market Capitalisation means that there is a lot of upside potential.

For more information on CofoundIt:
https://cofound.it
Updates?
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MasterOfCoinage misterphreeze
@misterphreeze - The Bitcoin move last week stopped the breakout in its tracks (or maybe it was a test pump). Either way, still a good buy and hold IMO. My 'Time Horizon' with these type of positions, where the risk is negligible and the upside is huge, is at least 2-3 months.
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