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RE: STEEM update 01.11.17 - the power of Elliott Wave and pattern recognition
It's really sad to see the prices go down right after some real developments in steemit. I love the new updates done. Steemit should grow stronger than ever. But a stupid futures contracts for BTC is getting all the dumb money while driving the price down for useful relevant products.
Even ETH is having major developments + Devcon
But nobody cares. The prices keep going down. Hopefully these idiots will get burnt real bad so that the good productive useful projects could shine.
It always gets worse before it gets better. Once the weak hands have left the boat, sentiment should be able to turn around.
Seems it's probably happening with ETH and it's certainly happening with BCH.It's sad to see BTC being 58.21% of the market. Hopefully it'll shrink back to 50% very soon. Lot's of great projects have new developments coming up. China could also come up with good news.
According to the above interview, the Chinese commies are very open to blockchain tech. They just hate the "currency". So NEO, Metaverse, WTC, Bytom, Tron can have some really good growth.
Maybe you are right. But as a TA I think there are better opportunities than those you mentioned here.
Neo was one of my favorites once, but if it does not skyrocket soon, it will drop hard.
When I mentioned China I was thinking more of a mid term scale. Chinese coins may fall or go sideways. But It's very likely that there would be some positive news from China before the end of the year. If TA shows a fall, it'll certainly fall for a while. NEO doesn't even have much of ICO hype going. But positive news from China could completely turn the tables and bring back euphoria. ( Or a BTC crash could ruin the party for everybody.)