As for your question, as always, it depends upon the coin. There is a lot of junk/scams out there. However, for the top ones that are legit, yes I think any pullback is a good opportunity to buy if you are a long term holder. Certainly, we might see some more downside from here (most pullbacks last longer than one day). That said, I dont think the bear is awakened yet. The bull is still in charge and still wants to run.
I felt the big level for BTC was $6000....the pullback from $5000 is not surprising since that is a major resistance level plus I think a lot of stops were at that level. It will have to make another run, maybe even a third to bust through that resistance. Once it does, I think you get another thousand quick before maybe a stronger pullback.
Added you as a follow.
As for your question, as always, it depends upon the coin. There is a lot of junk/scams out there. However, for the top ones that are legit, yes I think any pullback is a good opportunity to buy if you are a long term holder. Certainly, we might see some more downside from here (most pullbacks last longer than one day). That said, I dont think the bear is awakened yet. The bull is still in charge and still wants to run.
I felt the big level for BTC was $6000....the pullback from $5000 is not surprising since that is a major resistance level plus I think a lot of stops were at that level. It will have to make another run, maybe even a third to bust through that resistance. Once it does, I think you get another thousand quick before maybe a stronger pullback.
Great analysis. And yes I believe the top few altcoins with big market caps still have the long term hold potential.
followed you as well.
Other than Steem which I bought a couple batches of, my holdings are BTC, ETH, and LTC.
I believe in the big boys.
Great. Thanks for sharing. I vote for you and begin to follow you. And Resteemed...
likewise. thanks
Well depends on the coin in question. I think its still a good time.