Toxic2040
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May 11, 2018, 06:46:42 PM
Merited by bones261 (1)


There..bear hat firmly in place.

The police raiding Upbit in South Korea and the MtGox trustee's movement of coin along with a over bought market has caused a cascade event imho. There could be a moderate retrace as traders look to exit long positions during the next week or so followed by a retest of support at $7.8k.

Technical analysis indicates another month or so of downward accumulation.


Pantera Capital's May letter has some interesting points. #dyor

https://medium.com/@PanteraCapital/the-immutable-blockchain-rally-pantera-blockchain-letter-may-2018-873ba54fc4a