As I have previously posted about, WTC is going against the current market trend and moving up. Monday we saw it test the 300k mark and as expected it dropped a little. Looking at the order book that night there was a massive sell wall at 300k which was to be expected given that a few weeks ago this coin was at the 110k point. People wanted to capture their gains. Smart! As of the time of writing, it is sitting at 310k.
So what can we expect from this over the next few days? I think we are going to see a correction come pretty quickly. In the last few days it has gone from 200k to 310k, any growth like this will see a correction. I do not think this coin is done yet though. A good time to buy will be to look for the correction, I would expect that it will drop back down to a previous support level around 275k or even 260k. This will be a good buy in point or a chance to strengthen your position and watch for it to push past 300k again pretty quickly as it tries to push for 350k possibly even 400k by the end of Jan.
Another thing to keep in mind is that it is currently at its all time high. I would not recommend FOMO'ing in while it is at that point, wait for the correction and the support to prove that it can hold, once it starts to move away from the support line, make your move!
NOTE: I am not a financial advisor and this is just my opinion. Before making any investment please make sure you do your research and fully understand what you are investing in!
WTC have a nice future ahead:-)
For sure, I think we are going to see some nice bouncing action on it as well while will allow long term investors and short term both to strengthen their positions and make some nice gains.
Yes, and soon they will be Stakable.
@orginalworks
Check this out, this is straight from Waltons Website. "The Strategic Investment of Waltonchain in Coinnest — We Move Forward to Boost the Blockchain Industry Development
Dear Waltonchain supporters,
In order to realize the rapid development of Waltonchain business in Korea and company globalization, on Jan. 10, Waltonchain team reached an agreement on deep cooperation with Coinnest and will make a strategic investment in Coinnest. Both parties indicated they will develop blockchain-related technologies together to promote the development of blockchain industry as well as Waltonchain business in Korea.
Coinnest, one of the largest Korean exchanges, has reached a total transaction amount of KRW 7.5 trillion and gained 500,000 members in less than a year after its listing. The cooperation with Coinnest is an essential strategic step for Waltonchain on its way to establish a global commercial ecosystem. Waltonchain has been listed on the Coinnest Trading Platform since Dec. 2017 and has achieved recognition and support from the majority of users.
At the moment, Coinnest is not only an important exchange, but also a long-term partner in Korean market for application of multiple subchains developed by Waltonchain. It will help Waltonchain to realize commercial applications and broaden our resource base in South Korea, indeed.
In the future, Waltonchain will work together with Coinnest to support the excellent global blockchain technologies and projects and broaden the new commercial ecosystem of Waltonchain.
Waltonchain team,
Jan. 10, 2018"
nice, that's pretty sweet news. Thinking of buying some more once this correction stabilizes.
Right, the buyers market is coming to an end, might as well grab some more before it ends.
sure hope so, couldn't even swing trade today as everything was just flat.