With the quick major increase we saw today 20 billion dollars was quickly added into the oversold crypto market place. This ended up being about 18%-20% of the entire crypto market cap and seems to spell some major players are buying in bulk at these low prices.
I know many of you think end of days when the markets come crashing down but honestly when everyone else is in panic sell mode as much as your guts and emotions are telling you to get out before its to late what you should be doing 9 out of 10 times is the opposite and instead buying in when your emotions tell you to run.
This is what ends up messing a bunch of people up in the stock market and why most people do not care to manage their own money.
You see when all the markets where crashing yesterday and the day before I ended up buying and buying big!
The result over 3% return so far on stocks all of which are big dividend earners of 3% up to 11% and a good bit of steem and other cryptos.
While this is by no means professional advice and of course you should be responsible for your own actions it is just a recap of what I did myself and the results I got.
Do you feel we will continue to see this rally tomorrow? Or did we over buy?
My thinking is we are a bit over bought again with how quickly things jumped and we will see a little sell off but nothing major just yet.
Correction definitely isn’t over IMO. But definitely a smart move to buy in at these Uber low prices if I do say so myself
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I think that we could either retest some lows and then go higher but only slowly or hit new lows on capitulation. Volumes are important here to be honest.
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Some crazy and panicked people are selling all their steem but I'm seeing good one's are holding or buying big. So I think this will happen regularly if the market stay like this.
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Of course that the bigger players in the game are seeing the opportunities and are investing their money in a clever way.