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RE: Bitcoin (BTC) Evening Update: Wave 3 Could be Complete
Thank you Haejin , i FOMOed into the crypto world on Jan 20th 2018 and promptely experienced a price drop , PANIC for the newby would have set in had it not being for your calm reassuring words of advise and analysis of what and why it is happening, i have HODLED ,BLED and now PROFIT which is due to the trust and patience you taught me . Cheers
Bitcoin Breakout IMMINENT! Where will it go?! https://steemit.com/bitcoin/@investingtips/imminent-long-term-break-out-up-or-down-for-bitcoin-this-is-a-pivotal-moment
I think your experience is quite a common one especially over the past couple of months. There is a lot of new money coming into the market with the expectation that they be rich almost over night. Other blogs, sites and groups of individuals seem to fall into mass hysteria - one minute their coins are going to the moon, the next the sky is falling in! I’m glad to hear that your portfolio is on the up and I think you’ve found a relative oasis in the madness which is social media where you can plot your next trades. Good luck to you
Hello! I noticed you had 2 followers and 3 posts. I recently joined Steemit as well and would love to have you as a new follower!
It is indeed a tough time to choose to get into Bitcoins in January. But eventually many expect it to eventually bounce back and possibly exceed its Jan 20th price.
However, looking at the fundamental metric I wrote about recently I would not expect to see real recovery until that metric begins to creep up. No matter what the TA or chart says, if is use case as measured there continues to fall no recovery will likely get sustained. That lower low that Haejin was pointing out a few blogs ago will likely continue to be in play until that metric recovers.