Dear Diary: I'm Happy For STEEM's Price Pump Today
I am happy to see STEEM's price to go up today, just a little that is but of course it may or may not break that resistance level of less than 12000 Satoshis per steem. The key factor for its jump to break that resistance is the BTC price which some are expecting to go on an explosive move based on their own technical analysis for the matter.
I say that if everybody is cheering you should be selling. I learned that lesson quite a bit while ago when it should be the thing that I had done when SBD pumped up to Pluto because of course greed because I do want it to pump higher until it lost steam.
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The good thong is that there is a good possibility that history would repeat itself or at least mimic the past based on factors such as opening of exchanges particularly in Korea because crypto prices there is different than in other parts of the world. So there is still hope in another major SBD price jump.
Nothing stays up or down forever, there is a time for every purpose under heaven particularly in cryptos and history is proving all that. Now if you are a bag holder just turn off your PC for a while and comeback after two years and you will definitely find that your stash is now worth much, much bigger than you would expect thanks to the cycle of BTC valuation.