Freaking out on the drop? Forget that! Learn the pattern!
If this is your first time watching these insane drops don't worry we have been here before! Just take a look at what I have to say then go do your homework to confirm I am not making this up!
This is a pattern i'v seen play out 3 times already ;) this is the pattern 1) No one believes but the HODL group and future thinkers. 2) FOMO kicks in rallying the market like crazy. 3) Peak hits as profits are taken by those who see buy volumes drop and everyone on every major news station/newspaper/etc talking about crypto/blockchain/bitcoin. 4) False bottom after first drop. You should have sold between 3-4 if not selll now!... 5) REAL drop and PANIC selling! This pushes it down 80% on average with a nice overswing to pick up even cheaper! 6) Level off and support kicks in. 7) See step 1 again...
You buy during step 1 and sell at step 3 the rest is just waiting for things to move around and strong/weak hands and fomo/fud spreading! You will see it after 2 or 3 cycles and it becomes obvious after that! We have been here before this is how markets work!
Congratulations @bigdeej! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Agreed and man what happened to the thanksgiving giveaway??
Busy busy busy i'll have everything all compiled into 1 post tomorrow for the end of the month. Giving everyone an extra week to submit entries since there weren't too many.
Very smart observation, it's exactly like you say.