As I mentioned yesterday we were in a make or break moment. We could drop if we couldn't hit $53k or better and become stable.
OK.... now we are $53k. Now what?
To simply put it for those worried you can relax a little. But if you want to help there is 2 things you can do (keep in mind I'm not a financial or investor advisor). Note you can do both, but 2 is a must.
1. Buy more
2. Hold
There is always a risk level, but IMO the risk of this diving down in price now that it's above $53k and seems to be staying above went from 45% to 10%.
Now big things to note, and know this isn't a 100% thing so do your own research to confirm.
- When this gets above $60k or $65k this could easily skyrocket. We could easily see $20k-$40k or so jumps over a day or week.
- The faster it jumps the faster it will fall. We should have micro jumps, but when it really really jumps like I mention with 1. You will see pull backs and it sling shot back up.
- Basically, it going sidewise right now isn't bad. It's actually good because it tells maker investment firms and other places that there is enough foundation there to buy in and it will be safe.
- There being a drop at the top shouldn't be an overnight everything where you can lose everything. Be OK with losing some potential revenue so you allow for a test. That away you don't sell too soon.
- As it jumps be more careful on your buys. Believe it or not alt coins are safer on this because they lag behind BTC. But if you want to buy, NOW IS THE TIME.
- It's still predicted that the peak will be closer to $150k. Some projections mark it at a 3.5x which will be about $200k. Most likely 2 or 3 weeks out we will see a strong trend to this. But note after this we most likely will see the price half when the drop completes after the peak.
- The price checks for peaks at this time is aim at $100k, $120k, $150k, $190k, $200k, $250k, $300k. The highest likely at this time is $120k and $190k-$200k.
- The price being cut in half shouldn't be overnight. But we most likely will see something like a 10% or 20% drop.
For those who get worried about things easily but want to help. There is no shame in just holding. While buying helps more, holding does help. Only selling will hurt all of us.
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