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RE: What Goes Up, Must Come Down! (Similarities to 1998?)

in #bitcoin8 years ago

Yes, the BTC move went especially parabolic this week. Anyone not expecting a hard pullback is in la la land. The real question is how price will play out over the next several weeks. There are a few key levels to hold, honestly, it could pull all the back to 1500 and hold that support and I'd still feel good about it's long term price action.

As for STEEM, the .00040 level is important as it's our most recent established support on the uptrend. Holding that while everything else is falling would be positive for steem.

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Yep I agree. It is import psychologically (and earnigns wise), that steem hold it's dollar support levels as well. If Bitcoin is falling hard we don't want Steem falling in unison or just a little bit slower...

hmmm.. relax.. breathe in .. breathe out
it's not time to sell - intel says but we'll see :D
though it has dropped $400 - isn't this still normal? :D
crypto drops and ascends in $100s - I mean BTC and a few does too
I thought it's normalcy .. it's climbing again ..
maybe - slippery road ahead it slipped :D

I am hoping it is just a garden variety pullback, albeit bigger than most in dollar terms.

I hope so too :)

Very true. I decided to watch it against the BTC for now since it kind of dictates the outlook for crypto space, for the time being atleast.

Yes it does. Good point.

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