It has good support where it is now, the next level of support down sits at ~.625. It'll need to break over .70 at some point to really get moving, there's a fair amount of price congestion between here and there.What's everyone's guess on where GTE bottoms out at?
No joke, Scary stuff for sure. Not for the faint of heart!Bloodbath in Crypto overnight. I had half a dozen buy orders at what I thought were pretty low values, all exercised. Put another 4-5k in this AM and they all hit within two hours, seems like it's trying to claw back now...what a time to be alive haha.
No joke, Scary stuff for sure. Not for the faint of heart!
Me too and then 20 minutes later it was like they started giving them out for 90% off and I was like WTF. LOLIt’s like I walked into my favorite gun store and everything was 40% off. I’ll take that and that and some of that
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I see a lot of fear in crypto right now and boy do I like buying fear....
I traded most of my crypto into MATIC a few days ago which saved me. It took the lease hit of most of the crypto I had money in and now distributing it back out but still holding most in MATIC until people think they found the floor. I think it will be a slow climb over the next week or so until people get more comfortable in an upward gain and then I think it will be off to the races. Still believe MATIC, ADA and ETH are going to be good for the long game. XLM doesn’t trail far behind.
I bought some MATIC a few weeks ago so I'm doing okay on it. How are you guys determining what the ceiling is or making a educated guess on this stuff? It's like you either read doom and gloom or its going passed the moon. or you just guessing?I see a lot of fear in crypto right now and boy do I like buying fear....
I traded most of my crypto into MATIC a few days ago which saved me. It took the lease hit of most of the crypto I had money in and now distributing it back out but still holding most in MATIC until people think they found the floor. I think it will be a slow climb over the next week or so until people get more comfortable in an upward gain and then I think it will be off to the races. Still believe MATIC, ADA and ETH are going to be good for the long game. XLM doesn’t trail far behind.
embrace the big drops and cost average. liking the oil and crypto drops todayI dont even check my accounts that often anymore. Its almost depressing to see that much red hahaha.
I take a real simplistic approach to it for the floors we are looking for now. When you see a dip and a big rise I feel that that is what those folks feel is the floor worth and willing to invest hoping it is as low as it will go. Basing it all on BTC as a good reference because everything seems to follow suit, when you see a hard dip that corrects itself with a quick change up is a hopeful group of folks investing. Figure 30k was the last big dip. If that holds true you found the bottom at 30k. If not... Next dip, if we get there will be between 20k to 24k if it keeps going south, if it goes up from there that’s the floor. (I don’t expect it to go further than that but who knows) Take that floor and figure everyone that lost huge and sold off will likely not put money back in until it is at “safe” numbers rising to try again. Most of the soft folks investing that pulled out feel that loss from this past week and if they do reinvest they will want to see consistent rises before they take a gamble again to make their money back.... my guess is around 48-50k from this last dip to 30k of it rises steady. That could take a day or a month. Once all the hard core investors fill that gap between the current floor and when it becomes “safe” again it will take off again and rise steadily while the people that lost try to make their money back and see gains over where they were before which was north of 60k. My guess... and this is simply a guess.... I see it recovering to 75-100k doing another big correction between there and we will do this dance again.I bought some MATIC a few weeks ago so I'm doing okay on it. How are you guys determining what the ceiling is or making a educated guess on this stuff? It's like you either read doom and gloom or its going passed the moon. or you just guessing?
Thanks for the help.