Papou
Panjang

CFI downtrend broken

BITTREX:CFIBTC   Cofound.it / Bitcoin
We can see the longterm downtrend finally broken on CFI             as expected at these levels, considering its market cap. Very doubtful we see lower prices in terms of BTC             here honestly as there is no one truly in profit at this point to sell. CFI             has strong fundamentals, especially with its partership with Ethfinex (Bitfinex new ERC20 platform) which you can read about here. https://blog.ethfinex.com/announcing-cofound-it-ethfinex-collaboration-75267cde1804

Very likely we make a move to what would be a resistance belt from prior consolidation as we move sideways here and consolidate ourselves. If BTC             does take a turn for the worst, Cofoundit will 100% hold its USD value and start expanding BTC             price wise which could spark a rally. Project has been quiet for sometime post ethfinex announcement; long term accumulators are very unlikely to be taking short term profit considering how the priority pass works. Measuring this retracement and looking for extensions, I am going to up my long term target on this to 60k


You wanna say 6K right ? 60K = X40 lol
Balas
Papou CreedDinos
@CreedDinos, no, once the next cycle activates, yes 60k would be top
Balas
Really useful analysis on CFIBTC, thanks!
Balas
Great eye to spot the move my friend, sending thanks from Israel!
Balas
Papou fejekejazg
@fejekejazg, thank you! Greetings back as well. Israel is a beautiful country
Balas
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