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!
