screenshot from my tabreader
Yikes!!

Anyone looking at that chart is going think that we are on a downslide to oblivion for sure.

But I see this and smile, knowing that this is a prime opportunity to buy in while a lot of people panic sell.

Two major reasons of cause,

1. The RSI dipped below 25 pretty quickly
2. Consesus 2018 is around the corner.
   :)

Hello steemians!

After weeks of green candles and smiling faces in the crypto realm, btc attempted to break through the $10k barrier. Not an easy feat, considering that is a psychological marker, as well as a major resistance zone(lots of sell orders basically).

Bitcoin eventually failed to break above $10,000 and the aftermath of that of cause was a dip.

Other factors contributing to this dip could be the fact that mt gox, once a giant crypto exchange, apparently sold off a large chunk of Bitcoin and upbit exchange being investigated for fraud.

So far, BTC has lost around $1000 in value, dropping from $9800 to around $8500.

Where could it go from here? Nobody knows, but there are signs that Bitcoin could recover.

Two days ago, I was watching the News when CNN featured a story on blockchain techology and cryptocurrency.

At first I thought it was the usual FUD news, until they started talking about the growing users of BTC, the growth of the ecosystem and a possible NYSE crypto exchange.

photo of CNN, taken with my phone

photo of CNN, taken from my phone

Another news feature further back was the interview with Bill Gates, and other "old school" billionaires who despite their pessimistic views on bitcoin, praised the blockchain technology as a new revolution.

Consesus 2018

not my chart, could not find source
Perhaps the largest indicator that all will be well and this dip is very temporary, is the fact that the consensus conference is slated to occur on monday the 14 of may 2018, 3 days from now.

The reason for the yearly spike in bitcoin price around May, could be due to this event.

What is consensus 2018?

Well,

source

Consensus is one of the biggest blockchain event, occurring every year and causing a spike in price each time.

Some speculate it caused the signal that created the bull run of 2017.

Why cause a spike?

It gives crypto good press, major news outlets and investors come for this event.

With an estimate of between 4000 and 10000 people slated to attend, its impact on the ecosystem cannot be overemphasized.

---

Despite all these signs however, when it comes to all things crypto, the market is unpredictable, consensus might come and the market might hardly move.

This isnt financial advice in anyway, but as I have always stated in Ogoowinner forum (you know yourselves) on whatsapp;

This is the time to place your positions and look for perfect entry points.

Get set, and hope for the best.

Thanks!