Crypto Pullback But Don't Panic (Perfectly Normal)

in crypto •  6 years ago 

Support the stream: https://streamlabs.com/thecryptoverse It looks like we are coming off that bearish downtrend line on the log chart I pointed out recently. I'm OK with this since we did rise up quite steeply. The rally was going to run out of gas and pull back at some point to build a new page. Maybe this is $5,000. Let's see.

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The quick read of multiple charts is always helpful. In trying to practice drawing a chart, I find that I have a constant need to match my attempt to one that was professionally done. So, although fast, they're enough to give me something to copy and work from. And of course, the content analysis is the desert after the main meal.

thanks ;)

Really appreciate the analysis. I have to admit I love that part of it.

Thank your for caring and for reassuring us on the basis of your insights and analysis.

  ·  6 years ago (edited)

I can see a kind of balanced uptrend -- we would need to eliminate the needs for selling.

I agree. A pull back was to be expected. Hopefully we will find some support.

The pullback was expected but it sucks to see the gains go down. The red is bad for your health.

Got to love the bears and enjoy the winter. Buy more coins.

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A pullback was expected, but the question is how low could it go?