I wrote about a possible dip coming and how I was going to sell my coin and then buy back in. Unfortunately, I missed the move this time around, but am pretty happy with HODLING.
The truth is we are STILL in a long term uptrend. That 50 day MA is still trending and angling up, and we are beginning to stabilize in price. Now whether we retrace upwards and then go down again is something I will have to determine, and that could give us a second chance to sell at a higher price and then buy in again lower but am I worried that I missed the last sell point? NO! Because the PRIMARY TREND IS “STILL” INTACT! Truth is I NEVER chase an opportunity once missed and never panic buy or sell.
Anyway, we could simply sleep through this whole thing and right now still remain very confident that we are going to reach new All Time Highs.
We were supposed to reach around $10,000 before a retrace, but we will probably simply stabilize in this dip and head to $13,000 by February before we get another pullback.
Remember, the fundamentals are intact. No other coin is going to replace the original bitcoin. Big Bang Theory, the TV show is going to do an episode on Bitcoin, the Chicago Mercantile Exchange is going to trade bitcoin futures, and Electronic Traded Funds are coming in 2018.
If you didn’t sell, simply HODL for now. You will be rewarded as this Long Term Bull continues.
The truth is we are STILL in a long term uptrend. That 50 day MA is still trending and angling up, and we are beginning to stabilize in price. Now whether we retrace upwards and then go down again is something I will have to determine, and that could give us a second chance to sell at a higher price and then buy in again lower but am I worried that I missed the last sell point? NO! Because the PRIMARY TREND IS “STILL” INTACT! Truth is I NEVER chase an opportunity once missed and never panic buy or sell.
Anyway, we could simply sleep through this whole thing and right now still remain very confident that we are going to reach new All Time Highs.
We were supposed to reach around $10,000 before a retrace, but we will probably simply stabilize in this dip and head to $13,000 by February before we get another pullback.
Remember, the fundamentals are intact. No other coin is going to replace the original bitcoin. Big Bang Theory, the TV show is going to do an episode on Bitcoin, the Chicago Mercantile Exchange is going to trade bitcoin futures, and Electronic Traded Funds are coming in 2018.
If you didn’t sell, simply HODL for now. You will be rewarded as this Long Term Bull continues.