Market Cycle of Emotions Long

BitShares / US DollarPoloniex

Description

⋅ Dec 17, 2019 2:08 PM

I'm feeling depressed, angry, and doubtful about my BTS position.

I can feel the emotion creeping in. I can feel the thoughts coming on: "sell now, you can find another coin. This coin is dead."

In the cycle of market psychology, it could be the time for me to buy more.

If BTS was at .20 I'd probably have a million and one emotional reasons to buy more.

We have retraced 98% from ATH. What an opportunity!

Horizontal lines are support levels.

Who knows?

Good luck.

Comments

MaxL82

⋅ Dec 17, 2019 5:58 PM

"We have retraced 98% from ATH . What an opportunity! "
I think that metric is now irrelevant. There is no chance we ever see BTS anywhere close to ATH ever again.
On the other side… we can easily slip 50% lower from where we are. My buy target is still in 0.005-0.01 range.

jjjk00

⋅ Dec 17, 2019 7:51 PM

@MaxL82, "There is no chance we ever see BTS anywhere close to ATH ever again." No chance? Interesting. I disagree.

cryptouej

⋅ Dec 20, 2019 8:25 PM

I think it might go under all time low as well and find a bottom somewhere there... Just a gut feeling.. but that could be a bullish signal also, thinking of counter trading human psychology..