Yesterday was a long ride. I think a lot of people get liquidated. Special all people that use leverage without stop loss.
So what do I expect? The market cleans out a lot of speculators and short-term holders. Only true holders and crazy people that have balls of steel are in the game.
Some gamblers may be too, but most people don't have the balls in such situations to hold or even stronger balls, buy the dip.
The picture above shows IMO really good the winners. The crazy that hold no matter what and the people that buy the dip.
Any other action should end up in pain. Even short seller, people that thought, its the end of bullrun. Because most should doesn't believe this recovery happens.
A lot of many made, a lot of money lost.
We have now a super strong support area in Bitcoin. I don't expect it will break anytime soon.
Because of this new highs can be easily broken.
About hive.
Yesterday I looked at the order books for Hive and I see something unexpected. 8M hive was yesterday traded. And some big buy orders get filled + refreshed.
I bought some too. But not much because I'm less OG and more " haha I never sell".
I expect on hive some nice moves the next time too. Maybe bigger as we all expect. Simple because of the accumulation at this pain day.
This is besides the fact development is good on hive.
I think yesterday also cleans out a lot of weak stakeholders on hive, like the general crypto market.
Long-term a really good thing.
Btw, It's no financial advice. Do your own research.
What's your opinion about it?
For me more hodl and more buy :)
you?
Some other interesting:
Elon deletes tweet after response from saylor :D
It takes guts to leave your crypto portfolio opened even when there was a downward trend on the market,but i am happy that the market is becoming bullish again and i hope it stays that way..
agree!
In as much as yesterday was terrible, it offered a great chance for smart investors who made great picks.
Couldn't get in hive and other coins but didn't sell either (better than paper hands right?).
Holding for the long term. Wouldn't fall for the current market manipulation
That's for sure. Don't sell if others want to trigger you to sell. Sell if you think it's a good point.
Otherwise, it's like a casino :)