Over the past few days THC has seen a pretty constant drop thanks to BTC. However, it seems to have found its footing at about 2100sats and looks like it might even be setting up to breakout really soon. Continue to hold and watch it go, or if its within your means grab some more while you can while it is cheap! However, never invest what you cannot afford to lose, its fun to play and watch your money grow, but you always need to be responsible!
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It looks like the breakout failed last night due to BTC tanking again. We seem to have recovered nicely and almost look to be heading upwards again. Look for a postive rise this afternoon/evening.Note
Looks like we did breakout right above the red pennant in the last image and then BTC tanked again and brought us back down. If and when BTC becomes stable THC should shoot right up. When we do see any sort of prolonged stability in BTC THC almost immediately rises, just wait out this BTC run and once its over we should be in the clouds!Note
BTC may still be dropping but we still look pretty good, some upward trends forming over time and as long as BTC stabilizes hopefully we can continue riding them up.Note
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Looks like I was right, now that BTC is seeing a bit of stability, THC has started to rise again!Note
Granted it is a short timeline (30min) but all signs are looking really good. Investors seem to be seeing the BTC stabilization and finally jumping back on board with THC.Plenty of things coming soon that just cannot be announced yet but its looking like a really nice setup for things to come!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.