Crypto News - Bitcoin Springs to Life!

Don’t you wish you weren’t despairing last week and buying instead? I know I do, but that’s not the reason to lose head now.

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Don’t fomo, if you must buy, keep your positions small, and something you will be comfortable with if it goes into red. After such a strong move it would be only natural to see some profit taking. People are asking if 3100 was THE low and the answer is not clear yet. Price needs to ultimately retest the downside and it will be much better indication of where we are. Ideally I’d love to see an inverse head and shoulders, but one step at a time.

So, who won last week? If we discount low volume names, a few tower over the rest. BCH, WAVES, STRAT were the best bet. Hey, who could have known? Don’t feel bad, and if you took some, congrats.

There were solid technical entries on BTC a couple of times and I took a few but sold much too early. All the negativity got to me, I guess.

How about our favourite coin - STEEM? It didn’t participate much, relatively stable vs BTC. That means you got basically the same gains whether you were sitting in STEEM or BTC. I hope our favourite whales and the establishment are waiting for the right moment to get back in.

SBD still lagging. It is a sad sight to behold. I had great hopes of it keeping the peg. Risky that one but if bulls continue the rally, it wouldn’t take all that much to see it back at a dollar.

What are your ideas? Do we retrace now? Or do we do a Tom Lee, straight to 15k till New Years?

Happy holiday trading, folks!