I can see an interesting build up of pressure here. I think these consolidation patterns break bullish don't they?
And given all eyes on BTC at the moment, and the fact it's a hated coin makes it an interesting contrarian play.
Also:
- is it being added to a new Korean exchange imminently?
- have you noticed the shift in narrative to transactions (and keeping fees/costs low) vs. store of value? check out litecoin for example
- coinbase and other large exchanges are yet to release these forked coins from btc, so there's less liquidity/technically more forced hodl?
- mr roger ver and co. would love this moment so may give it a little shunt to help it along?
- I've been patient on this, whilst all else has been moving rapidly. Do you have a hedge? This may be it!
Please comment!