Nice risk reward trade technically, but this time I am going to throw you some backgrounds behind first. Ever since 2013 the infamous [mt.gox] hack, people are starting to realize that centralized exchanges are huge risk both for us and the whole cryptocurrency market. We then experienced [Bitfiniex] hack but fortunately that didn't drive them out of business, instead, they issued tokens and relieved. And, here we are, as Forbes reported 'Crypto-Heist': Coincheck Hack Could Be The World's Biggest Ever Cryptocurrency Theft bit.ly/2BmE64x 534million worth of NEM gone in a matter of seconds. Just earlier today, 10 Jan 2018, We have ANOTHER!!!!! The wall street journal reports, Cryptocurrency Worth $170 Million Missing From Italian Exchange on.wsj.com/2BliIMI 170million worth of NANO this time. ALL OF THE ABOVE will force people to look for DEX( decentralized exchanges), such as #ico-neonexchange- * OOMG * KNC * BTS * BNT
PLUS, technically we have an ascending triangle shown on the chart of KNC right here. I'm going to allocate 30% of my portfolio into this space.
***Disclaimer*** This is just a personal opinion, NOT financial advice.
Nota
My friend Bloobers uses a different methodology here. If something that is deemed to come true, no matter how you analyze it, the results are going be the same.
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