Hi HODLers but not Hi to dumpers,
Another day in the Crypto World and quite a big dip to begin the weekend with. I am honestly not surprised as the market has been eager to find support lower.
I also wanted to share this cartoon from a looooooong time ago but very famous in the investment community. I think it sums up what is happening. Most people are selling but have no idea why, most are selling out of fear and then we have all the leveraged positions being liquidated increasing the overall move
In the past 5 years, I have learned to just sit back and relax when these events happen. I calmly pull out some of my stablecoins and start buying the King and Queen of cryptocurrency: BTC and ETH. And... That is it !
I am thinking about buying other more volatile DeFi or GameFi tokens but for those, I will wait as the dip might not be over, I am okay to take a -15/30% on BTC and ETH but I might not be as zen if I take a -70% on my IMX tokens for example :D.
Testing long term support/MA zones
I am not a TA analyst and I mostly look at TA for long term purposes. I have been quite ill at ease with the Moonctober month and it seems we just went to find support on Moving average which might make me enter Medium/Long term new positions
Weekly BTC Graph
Monthly BTC Graph
They look great, don't they?
I am going to rest as I have a big day tomorrow and believe me, I will rest peacefully.
See ya tomorrow and stay safe out there,
