Now that the dust has settled on the airdrop, it looks like the correction has continued beyond the initial price. For the past month, I've been watching the action and following the price points based on previous support lines that have flipped to resistance. But now that we have dipped below $3.17, we have nothing to go by! Dropping below that level means there is no way we can tell what the true value is. I bought and sold UNI for a small profit, after being spooked by the strength of that diagonal resistance line. I'm definitely going to jump back in and grab another bag in the future, but I'm waiting for the market to decide on what it's going to do. Once we know which way Bitcoin breaks from the current triangle formation, we'll have the insight we need.
If Bitcoin breaks to the up side, it's time to grab that UNI-bag as quickly as possible. But if we break to the down side and chase that CME gap, I'm sitting on the sidelines and waiting for a final bottom. The CME gap could very well be the bottom price point for BTC. But it could sail down lower, if the momentum is strong enough. But I'll be ready with my finger on the trigger. I think Uniswap has a VERY bright future, and I definitely want to have a sizeable position before the next major bull run. But for now, it's all eyes on Bitcoin!
Make your own decisions on this, and don't place any bets based on what I see. I'm not your financial advisor. I'm just a happy camper with pocket change playing the market. And I'm SUPER HAPPY to be back to posting again!
@SunnyHillCapital, Thank you so much! I really appreciate your encouragement, and I certainly will!
seal8er
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Good stuff, Happy Camper! Keep us updated, I’m ready to grab a bag as well 👍🏻
carltonzone
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@seal8er, Thank you! And yes, I absolutely will! One thing I would recommend that you do is to download and install the Metamask Wallet, and make a few transactions on the Uniswap 2.0 platform. The ETH Gas fees suck right now, but it could be worth it. I've been hearing that there is a strong possibility of another airdrop coming in the future. I missed the first airdrop, but I've done about 5 or 6 transactions on Uniswap since September, so I'm good to go if they decide to do another drop. I'll keep you posted on the price action though! Thanks for your comment!
realredsteel
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So we're buying now, aren't we?
carltonzone
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@realredsteel, This Bitcoin pump has me so confused! I actually cannot determine if this is the REAL pump or not! I'm watching UNI like a hawk. Overall, I would say that there's really no big risk in buying right now if you're holding for the long run. I'm going to watch today and see what shakes out with this Bitcoin pump, and then post an update to my YouTube channel! I'll get another update posted here too. This is a tough one. I'm still in denial on the BTC pump, but it very well could be the real deal.