De-banking in crypto coming this Friday. Should make some really amazing buying opportunities when the dust settles.
AI coins will bounce the hardest. TRAC outpaces The Graph ($GRT) due to have decentralized knowledge graphs + AI sentiment.
Fib confluence + S/R confluence
Short:
aug 22nd meeting will probably turn into a launch announcement
NJ launch before NFL season
PENN and John Levy price premiums at 59c CAD
Mid-Term:
united states 2018: $150B sports betting revenue vs. ~$15B cannabis revenue
large insider holdings
Long term:
PENN deal gives future-proofing into the states as the legalize over the years
Canada should legalize...
Fairly simple, LTCUSD vs LTCBTC are almost inverse of each other. Any run from BTC would destroy the $LTCBTC pair, local resistance just broken on the H1.
Funding is insane for $ETHUSD on mex currently. Would like to see a breakdown of the .5 fib.
Risks: ETHBTC could take off if BTC dumps too heavily, in turn, potentially keeping ETHUSD afloat.
TA: Almost a full fib retrace + support line retouched + diag holding.
SA: Sentiment of IEO's not the greatest, playing off of CZ making #altszn remarks
FA: Fundamentals don't matter when you chart in USDT and $BTC is on a tear.
Don't play on holding this very long, might be intra-day.
FA:
CogX June 10-12th (June 11th 5pm for the Fetch.AI timeslot)
SA:
Binance IEO sentiment is at an all time high.
TA:
Daily looking strong, losing the daily diagonal would not be good.
Invalidation:
$BTC dumping could return us back to the daily POC or below.
Generally bullish on $FET as a long term hold.
