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RE: The chart I’m watching is BTS

in #bitshares • 6 years ago

Hi @cryptographic ! Thanks for sharing this graph about BTS. What do you think about the overall situation of cryptos. I personally don't understand who is selling Steem, BTS. EOS has stayed with less selling, stronger than all the rest top 20 cryptos.

Regards, @gold84

6 years ago in #bitshares by
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     6 years ago 

    EOS has weather the storm fairly well indeed. It got a nice pop off of lows (and 78.6% Fibonacci retrace levels) and may well be holding on to those gains.

    Who's selling crypto? I would say it's a combination of people who bought the top and are panicking out and those who "bought" the lows years ago whose cost basis is next to nothing. That's a combination that can take a while to wash out. Patience is the name of the game right now.

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     6 years ago 

    Thanks for your thoughts @cryptographic ! And yes, those 2 groups of people might be the ones selling. The ones panicking and the ones taking long term earnings.
    Regards, @gold84

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