I just closed 70% of my long trading position in BTC. Here is why:
NOTE: I am only talking about a margin trading position here, not about my HODL wallet.
There is a corrective pattern evolving which is likely to bring BTC back down a bit. I am planning to get back in cheaper again and maybe even buy some BTC if the pattern plays out as planned.
Anyway I am planning to reinvest those profits in BTC and HIVE...
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Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
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It looks like all crypto coins are going down. Hive is also showing buy opportunity.
You talking about 4h Kijun bounce. Thats good :)
What you have to say about the today's hive drop ?
Steemians dumping HIVE will continue for 3-4 months. After that it's bulltime. Get ready for some big drops and fast recoveries because the strong hands will increase their holdings by a lot. Cheap HIVE for everybody.