My Stomach
GOOD AFTERNOON STEEMIT,
Things might look pretty shit on your account right now, but you need to relax, smile and take a step back while listening to the voice of reason.
NOTHING HAS FUNDAMENTALLY CHANGED SINCE YESTERDAY. Nothing at all. No bans, no hacks, no regulatory strangle. Nothing!
I have seen explications for the drop going around like ‘Asian holidays, January sells off every year, Korean ban, China ban etc etc, but in my opinion this was purely technical and driven by king Bitcoin. Take a look at the chart:
BTC/USD Daily
That’s just a trend line break, followed by stops being triggered and panic setting into a market void of true institutional money (yet). It’s rational and measured. Relax.
Now take a look at Ripple. Do you remember when I asked if you were complaining that you missed the dip in Ripple? We’ll check out where today’s supposed irrational, panic fuelled drop just happened to stop:
RIPPLE/USD Daily
Can you really call that sort of technical respect irrational or panic fuelled? They’re just clear previous resistance levels being retested as support in a rip roaring bull market.
I bought the first level of support in Ripple and I’m going to also be buying the second. Ripple is still a solid project with its non traditional banking links actually acting as an intelligent hedge for the rest of my portfolio.
Nothing at all has changed. Nothing. Do not get caught up in the hype. Listen to your voice of reason and make the right call for you.
Have a great day!
Peace ✌🏻.
Instagram: @forexbrokr
Website: www.forexbrokr.com
You are the voice of reason, and with a tag like teamaustralia how could we go wrong mate! bloody beautiful work!
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The #teamaustralia community is one of the best on Steemit. Always happy to support and contribute 😎.
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I posted this earlier.. everyone needs to just calm down and go enjoy life
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Well said!
I’ve given your original blog with the image a resteem.
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Ripple seems like a good buy, it fills a great percentage of my portfolio but then, the centralisation is a little bit of an issue.
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I think stellar is a better project personally
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Will check that.
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Yeah, it’s just a hedge for me. Not keen on making it a large part of my portfolio.
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That will be good. Hoping to sell mine once the dip is over to buy something more valuable and long termed
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nice post
guys join this whatsapp Group link for steemit
https://chat.whatsapp.com/Dtp4KD6X0t4DupWWoXqNJN
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Spamming that group a bit in your comments, aren’t you... Be careful.
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Very useful article, my dear friend!
Many now start to panic and close their deals at a loss. Should not be doing that! In trading, the main thing is patience !!!
The fall in the price of Bitcoin stimulates a drop in the price of other coins. Yes, we see now a sharp correction, but this is absolutely normal, given the growth in 2017. Since the time the market has stabilized and will give new opportunities!
I absolutely agree with you, @forexbrokr! It is necessary to think !!! Well, have ...
))))
Thank you for the article! Resteem from me!
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Haha, balls of steel! 😎
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To have them is very important for a trader!)))
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Thanks for the post that hopefully helped people feel a bit more calm over the current state of the market! For me, nothing has changed - I am still buying the dips and hodling, as well as showing people how to make a passive income through cryptos on my blog. Pullbacks are natural, especially after the waves of news that flooded the market over the past few days.
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Cheers Luke. Keep doing what you’re doing!
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No worries, that is the plan!
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Here's $20 for supporting Steemit.
Just click the link to Join Monetize Coin
https://monetizecoin.com/?ref=5a566f9c2e4cd
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Get off my blog, you spamming shitbag.
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