notContour
Long

Eth bounce nicely at the bottom support level

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
I looked back over the past 4 years. On average during the month of January, the global market cap took a dive of an average of -40% over the course of an average of 8 days. This year was no different. This little down turn should have been expected as many people take profits in January so that they can worry about the taxes on the next years tax cycle. That being said. I think we may be working our way back up now. The market has recovered about 100B in the past 2 hours. Another thing I noticed over the past 4 years is that each year after the ~-40% dip, the market cap went on to reach a new all time high or tie the previous all time high within a matter of weeks. In other words, if you are new to crypto do not panic sell. You don't lose until you sell. What goes up must come down and these drastic corrections are just part of the game if you want drastic pumps. When it comes to crypto, if you can't handle a 40% correction then you aren't ready for 1000% gains.
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