What's up steemers, I'm back from a lil time off, like always we try to make it short and sweet and this is not investment advice, ALWAYS DO YOUR OWN RESEARCH!
A few weeks ago we talked about foldingcoin and we suggested that you get familiar with the coin. We also cautioned that it was currently spiking on polonix and to watch and see how it traded for a bit before making any big decisions- fast forward a few weeks and FLDC went from about 1150 satoshis to almost 1600, before falling all the way down to 700 satoshi yesterday- the total market cap is just over 9MM, so this coin is still a baby.
Looking at the order book on Polonix, there is currently a large buy order position at 701,700,699- it held yesterday and is bouncing a little today; this could be an easy trade if you look to enter around here and just stop out if it breaks 698- this is an extremely volatile and risky coin, anything that you would put into FLDC you must be willing to lose, but on that note, I think this coin actually could have some phenomenal potential as it relates to curing extremely complex and deadly diseases- IOW you might need to pay with FLDC in the future if you want Stanford to analyze your cancer and give you a personal treatment reccomendation- what would you pay for that in 20 years?
Also, we will do some more BTC analysis as we haven't comment in some time, however it has been relatively range bound over the last month and doing what we expect- we did say that we wouldn't be surprised to see BTC back at 1400-1600, and I'm still of the belief that we head lower before making the next move higher.
I'm curious what the others think on BTC and FLDC, let me know- happy steaming all.