indigoblue300
Fundamentally: - It does not compete with BTC on hash power. - It's a testing space for new tech. SegWit, Lightning, Confidential Transactions, Mimble Wimble. In the short term: - It's cheaper and faster to get onto the BTC LN with LTC with Atomic Swaps. - It's on every exchange as BTC. - It's on every ATM as BTC. In the long term: BTC can't scale to handle...
- Shorts are at an All-Time High. - 2017's PUMPS from (3/25, 7/17, 9/15, 11/11) to 20k. Using those trends but in 2018 at The $6k Stage points to $20-33k by EOY. - BAKKT launches in November. - A lot of volume around $6k. - Hasn't gone below the $6k area even though it's touched it several times. - O.T.C. Supply Low / Demand High below 6k? - It can swing...
Next time I will note my thought process so I can include it here.
The possibility (I think low) it pushes through 200ma
Based off of July 2017 Bull run pattern
25k and 50k Trend based off of July 2017 bottom to All-Time High