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FIL / TetherUS
Short

FileCoin Going To Teach A Brutal Lesson About Market Cycles

By Brisben
Updated
FileCoin is such a dangerous investment right now, primarily because it has never completed a market cycle. Probably up around thrill at the moment. Could surge up to around 300 USD (maybe a bit higher) before beginning its long and painful journey backdown. I wouldn't touch this shit with a 20 foot pole right now. Smart traders will take profits soon, or might have to bail at a loss at $125 or $90.
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Did I mention that the current Market Cap is $13,703,410,306.21 but the Fully Diluted Market Cap is $433,721,325,196.81 (Source: CoinMarketCap)? MASSIVE red flag.
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It's possible we are around complacency now. However if BTC dominance drops and a mega alt season starts then it could do up some more. Watching closely.
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Ez wins
Chart PatternsCryptocurrencyFILfilecoinFILUSDTTrend Analysis
Brisben

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