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RE: Ignore Price Action: Green Or Red Really Mean Nothing!!!

in #steem8 years ago

No one really knows in the short term where we will go as technical analysis can only take you so far. The price ran ahead of the fundamentals given the FOMO at the ens of 2017 however the fundamentals behind the technology is quickly catching up. Given the price declines recently, value and price may have diverged and will spend time discovering a balance as other factors are clarified like regulation. Important strategy is to scale into positions no matter the price.