@adam,
I know this is from bitmex, but there weekly analysis is usually pretty good. This time they evaluate the finex hack.
Everyone keeps telling me to be bullish, but I'm not feeling it. I'm surprised we recovered so quickly and thought we would have dumped back to low 500's.
Regardless, enclosed is article link;
https://blog.bitmex.com/youve-been-buttfinessed/Thoughts?
i agree, i was also expecting the market to drop, and i kinda still do, my cheep coin target is set at 520. but as always... unber bullish long term, bitfinex is but an exchange that may or may not succeed in the long run, it can only effect price for so long.
i'm going to read this later, busy as fuck today... HELL of a week...
We already experienced one flash drop to $465, and then a pretty significant recovery.
I suppose it is possible that before we go up, we are going to have to go down first, but such downward correction is not guaranteed because hovering in the $500s for more than a week may be sufficient downward opportunities to buy... "cheep coins."