Agree falling wedge pattern is bullish LT.
Funny that some people buy the high's and then blame the company for the SP dropping... at 4.7C the company was valued over 70M MC.
Just as it had over stretched short term, it is now in over correction territory with a 12M MC 10M cash (not inclusive of assets). It is now trading in the range it was prior to having any of this cash.
I for one don't mind that the strategy is leveraged to the crypto markets as I am a bull in the medium to long term. The markets have always corrected approximately 70-80% after reaching all time high's over the last 5 years. The market is currently approximately 70% off it's January all time high.
The ST traders will play the newbies in the crypto markets but LT there is serious $$ to make if patient as I believe we are nearing a cyclical bottom in crypto.
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Agree falling wedge pattern is bullish LT. Funny that some...
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