The wrath of POLYMATH, and a botchy fibonacci.
A little back story on POLY. It is the only ST-20 (their term) in existence which aims to be able to qualify ICOs and be a vehicle for tokens to be traded as securities.
Since the only major exchange it can be found on is Bittrex, a lot can be gleaned from the huge increase in volume for POLY starting on April 10th. This coincides with the day that Bittrex opened up new user registration that had previously been on ice since December '17.
Surely it's not the only one that exploded like this, but it is obvious that POLY is highly desirable...and for good reason, it is attempting to tackle a multi-trillion dollar problem for investors: How to make real life assets (business', apartment buildings, etc.) tradeable.
So that being said, the hardest part is calculating the waves. Sometimes, two scenarios make sense but if the wrong one is chosen. That is exactly what happened here. Sometimes you just have to take it on the chin and move on.
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