Post
Topic
Board Speculation (Altcoins)
Re: My Speculation Thread (Charts and Analysis Included ;))
by
tokeweed
on 05/10/2016, 02:40:27 UTC
Great initiative. As for someone new, can you share greater light on your technical analysis. And if possible, send the noob in direction towards better TA. What I am asking is how can I learn TA for my self. I have tried youtube but the information is so scattered.

My advice would be to dive in and actually trade with real money and in a live setting.  Since you have already watched videos and I assume have read some books then the next step is to learn through experience.  Why not start from a small amount and start trading with that.  You'll soon find out that actual trading is different from looking at the markets.

Now onward to Factom...

FCT/BTC:  A Dead Cat Bounce?



So I just read the news on Coindesk that Factom got 4.2 million USD in series A funding that was lead by none other than Tim Draper:  http://www.coindesk.com/factom-blockchain-series-a-4-2-million/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29

So the FCT market got crazy and there's buying everywhere giving the shorts a little cringe on why this is happening now.  But the real question is, "Is this a dead cat bounce or is it the start of a reversal?"  In my experience this usually means a DCB.  These movements are normal in trading markets and nothing ever traded in an exchange goes down or up in a straight line.  FCT still is ok for now if you are shorting it but always keep in mind to protect yourself and set a stop loss and be ready to cover you shorts.