Crypto Analysis - June 15
Been busy this couple of days with work reports, glad to be post my daily crypto analysis today. And it's a Green Day Friday in the crypto world today! Almost all cryptos are going up again, Market Cap: $289,845,240,300, 24h Vol: $9,686,121,348, BTC Dominance: 38.9% Bitcoin is now at $6500++. Steem is now at $1.74 and SBD is at $1.37. I know we are all hoping for the best in the crypto market and hopefully prices will be up again.
HODL, SMILE and always stay positive! ☺
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And, buy the dip! ;)
But this is not a financial advice! :)
Many are taking advantage of the dips. Do you know why it's dipping again?
Because the market needs correction following by consolidation in the time, which is good, after the huge bull run of last December/January. The market needs time, so we need to be patient, the market is preparing for the next bull run, but it could take 1 or 2 years till the next bull run begin.
For me, it doesn't matter, that is why I have my Trading System, I just follow the market with my Trading System. And for people who like to HODL, that is also nice, but HODL means investing for the long term, think about 5 to 10 years, so don't look each day what is the market doing. HODL = Buy and Forget ;) Be patient.
Thank you so much @gcryptotrader! I greatly appreciate this. Patience is what we really need and should never lose hope. :)
You are welcome! :)
It is a perilous moment but usually these moments are the best time to accumulate.