buyers have what I consider to be a one of the best buying opportunities investors could ever come across.
I love your optimism. I look at things very similar way. We can clearly see the major support in both steem and BTS. Belive it or not, few weeks ago I made a comment on BTS, if it goes as low as $0.16 I would buy a big portion. And I did at $0.1555. Now it’s a matter of time. One thing I’m watching very closely right now is the volume. In this market I think volume is very important. As of now there is no volume at all. I looked at the history and after every single bear market and before the beginning of bull market the volume was very similar, almost diminishing. That’s what we have now. Also look at the MACD. It’s sooo tight. Something big is coming, there is just no way for crypto to stay that low for too long. Some are calling for $3-$4k bitcoin. It may happen, but if that’s the case, it will not be there for too long. I belive institutional investors are slowly accumulating at this price. Perhaps they do it over the counter to get it even cheaper and also maybe to remain unanimous for the time being. They usually buy when retail investors are selling. That’s why it’s called “smart money”.
Volume goes to zero, and then, BOOOOOM!
And once it goes boom there's no getting on the train until things have doubled, tripled . . .