Bela broke way high above what any one would expect, at the peak of it's pump, the volume was total of 2000 BTC , now? only 25 BTC as the volume .
There is no way in hell that this market can hold up and it will drop, at least to the 23.6% retrace, but, there is a small support line bellow that retrace that many people may ignore. My personal observation of alt coins being pumped is that many many times, they break bellow the 23.6 target and many people wonder what stops the market from hitting the 0 retrace. That my dear friends is this small support lines. supports that most of the time, because of the huge spike on the price, we ignore but if you observe carefully, you will see that is a little bit above the old time high price and it is possible that it can stop the down fall of this market's price at that target. For time being, this coin will bleed !
There is no way in hell that this market can hold up and it will drop, at least to the 23.6% retrace, but, there is a small support line bellow that retrace that many people may ignore. My personal observation of alt coins being pumped is that many many times, they break bellow the 23.6 target and many people wonder what stops the market from hitting the 0 retrace. That my dear friends is this small support lines. supports that most of the time, because of the huge spike on the price, we ignore but if you observe carefully, you will see that is a little bit above the old time high price and it is possible that it can stop the down fall of this market's price at that target. For time being, this coin will bleed !