Is 280 going to hold?
Depends on how much the LTC ponzi guy sells off in Bitcoin.
+ panic sells.
It's not the ponzi guy controlling LTC, it is a whale, probably a group of them. Doubtful that Mr. Ponzi had such a good pump bot and control over multiple exchanges.
Looks like the LTC selloff is spilling over a bit into BTC. Meanwhile LTC may go to $3 before bouncing.
Fibonacci analysis on an illiquid pump and dump, what could go wrong?
Correlation != causation. Best of luck to you tho. At least you're buying 50% lower than yesterday.
Regarding bitfinex, kinda sad to see what the real bid side looks like after our benevolent bullwhale took his $millions off the (visible) book.