FCTBTC - Buy retracement, solid fundamentals, good entry
Updated
We have pulled back 90% on the fib retrace from the BTH spike, and flood into alts. FCTBTC is susceptible to major swings, as there is significant margin exposure on Poloniex. This dump is excessive as alts are generally strong, and the fundamentals of Factom are some of the best in crypto. Seeing .00635-.00645 as a solid entry band.
Trade active
Great bounce at .00630 as expected, yielding 5-6% already. Factom loves trading in channels, and I've identified a possibility here. Keep in mind FCT was in a solid uptrend for 0.00800 until the Poloniex outage happened 2 days ago.
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