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Welcome to The Trading Post, I'm your trading mentor Conrad , thanks for stopping by. If you enjoy today's contents, please remember to upvote.
Why Cryptocurrencies Keep Crashing
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Today We are going to take a look at Antshares on bittrex
Antshares has alot going on as of recently, the price quickly jumped up from around 53,000 Satoshis up to an insane 500,000+ satoshis for gains over 600%.
Some happy millionaires made in the past few days.
Post I found on Steemit regarding antshares
Join Steem and Follow www.steemit.com/@deanpress
Ok so lets check the trend recently.
You see a few days ago it had a quick run up, followed by a quick power dump falling the value from voer 500k satoshi to around380,000 satoshi, it came back up from there and hit about 445,000 satoshi only to fall back down to around 335,000 satoshi where it roughly is now at the time of recording the trading post.
Lets check out the fibonacci retracement liens breifly and see if we have a profit potential.
We can quickly see a 60% retracement up to around 445-450k satoshi, if your ballsy you could set a sell order up here, but most people would opt for a quick bail out at the lower 400k satoshi mark, so as you can see you can quickly turn a 30-60% profit i would predict in the next 48-72 hours, as we can se on the official antshares page that a news conference is coming up
I hope you enjoyed this post and wish you luck on your journey fellows.