Somethings Wrong - Markets are UP?
Holly Cow Batman - It's all... Green?!
Now everyone can back away from the edge and forget about jumping
At least for now
I'm not sure if this is for-real or just another fake-out but everything is making some serious moves lately. Initiated with some upward movement from Bitcoin a few days ago and now seemingly gaining momentum - This is all looking very good for priming the rockets.
I think the bears cracked the bulls earlier this month when the btc markets collapsed 50%, but with the cheaper prices were also some interesting investment opportunities looking to get in on the low.
Another Important factor to consider is this:
The FUDster Crypto-Trolls have retreated into their dark and depressing caves
Crypto-Trolls are so damn ugly!
So when they leave, quite honestly, is how I tend to gauge the markets and how to predict where prices will go. When the FUDsters come out in droves screaming death, that is traditionally the best time to buy. And I tell you what, those trolls in the recent weeks were relentless - they had a mission... But surprisingly, they're gone now? Just picked up there FUD and disappeared...
Hopefully to be replaced by the FOMO crowd, Moon launch countdowns, and Lamborghini dreams
Both crowds are crazy in there own way, and the FOMO crowd is just as stupid as the death trolls, but I think everyone would be welcoming to a time of FOMO after months of being utterly devastated... Sure the markets might not progress into a moon launch scenario and the price could collapse further next week
Let's not be in too much of a rush to celebrate. I was a currency Trader for years and noticed a peculiar behavior of price around the holidays. Often price would reverse near Christmas because of light demand or certain participants leaving the market for vacation. This might just be the way for of the Elliott wave theory which leads to a further correction down after everyone returns from holiday. We won't know until after New Year's. So celebrate now but make sure the celebration is a small one.
Yeah, It's hard to ever know whats going on in the markets... But, like I said, It's a small relief after watching the markets collapse 50%.
Hopefully it sustains.
I still refuse to look at my Eth wallet...
Thank you for your continued support of SteemSilverGold
I suspect that this will hit major overhead resistance at around 4400, which coincides with previous resistance/support in 2017 plus the falling 50 EMA . This presents a good opportunity for a pullback and allows me to pencil in the head and shoulders formation.
This will be a major battle here, and unless we break above that level, the bears are still in full control and we could continue in a long term descent back below 3000.
please take a look at my recent post and tell me what you mean.
follow me for more crypto ideas.
https://steemit.com/bitcoin/@orphism/bitcoin-is-the-bear-market-over
More market Static, carry on to what matters most.
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