Hello everyone, if you haven't read my recent post about BTC and ETH I suggest you do so. I was warning against people getting into BTC and ETH after such a big run up recently and surely enough, the prices have dropped off since then. Here is the Bitcoin chart below followed by the ETH chart
As an investor and a trader, you should be happy about this drop because it allows for more upside! Nothing goes straight up, pullbacks are bullish indicators and are ways for you to get a bargain on the cryptocurrencies! I don't know how much more downside there is exactly for the cryptos but I will give it some more time to see how things play out. And then when the price drops more I will pounce on the opportunity!
If this was helpful, I would appreciate and upvote/resteem. Thanks!
Hi,
you are basically right on your article. From the two graphs, the one below seems ripe to go long.
The top one, i would either take a buy on a very short term or wait for a last pop to drop before pulling my bull suit.
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now that a few days have past ...it's a new look?
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Not too sure what to make of the price action right now
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long term very positive....Ethereum is in new waters with just being added to a major Chinese Exchange in 8 hours. Bitcoin is setting a new base. They can't go up all the time....lol
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Right on. I've been busy watching the stock market as of late which is why I wasn't too sure
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As an investor you're right to say that we should be happy. The fundamentals are all there and so this dip allows just allows us to buy in before the next move higher.
...but as @ajain states, I think there is more downside to come before it does moves higher - (buyer exhaustion is currently at play)
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Agreed!
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Well, I had warned about this drop a few days back via my blog
https://steemit.com/bitcoin/@ajain/bitcoin-approaching-danger-zone
...and the drop ain't over yet!
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Agreed, there definitely can be more downside considering that run up
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