People were very quick to turn bearish on this Alt but the move was needed (see my old analysis). Came into the regression channel and bounced off the centerline like a champ, indicators are giving a very positive divergence in comparison to the sell off IMO looking to move higher with news on the horizon and a coin burn coming up sometime before March ( end of Q1)
PS: Keep in mind the crypto space (all coins will go up in 2018 imho) is moving based off supply and demand, many exchanges have stopped taking new users and the demand is all in our faces (news coverage, trending apps and search engine quires). My sincere advise is find opportunities to go long and scale in and scale out. Losing your position can bring more stress than ease.
Supply and Demand right.... 2018 will get even wilder than 2017. Market Cap for crypto will be double in 6months....
ClayBear
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Thank you for your sage advice.
KevinCompton
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@ClayBear, I try I try. A lot of people I know who bought sub .10 panic sold their whole position. Which isn’t bad, profit is profit, but now they are kicking themselves and trying to find a way back in