BCRobin
Panjang

Factom - Potential Impending 3mth Breakout on Weekly

POLONIEX:FCTBTC   Factom / Bitcoin
316 0 2
Looking to see if this pattern plays out again when Bitcoin             cools off.

After the big dump, $BTC recovered into the low 8's for a bit for a few days of (positive) sideways action before rallying from 831-912 the last day and a half. PBOC announcement and subsequent calming of fears was possibly a fundamental cause for slower action(?) and Coinbase announcement (received license to operate from state of NY) may have been a contributing factor to recent positive move (probably minor, if at all?). $FCT went down slightly due to the rally, but held strong in price. Questions:

a. Does $BTC volatility contribute to stalling possible breakout for $FCT?
b. Might $FCT breakout against positive movement anyway?
c. Might another heavy correction come soon for $BTC that could propel movement in alts (hopefully $FCT)?
d. $FCT has been disabled on Poloniex for a bit now because of M2 testnet integration...often, coins pump when re-enabled - maybe for $FCT?

More to come...need to check out news, see if anything fundamental lines up on the horizon for FCT             . "Prediction" based solely on chart...1-2 week crawl/possible downward action to .0032 before a 4 week rally to .0070+.

DISCLAIMER: Trying to teach myself how to create/read charts and make sensible predictions - please go easy on me! ;) That being said, any advice/information/corrections that you can provide would be greatly appreciated. Lastly, (it should be obvious, but...) please do not make trades based on my ideas! Thanks for looking.
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