Last Chance Saloon for Buying Cheap "STEEM"?
An uptrend in the STEEM chart... Has a sort of... Mystical, unearthly feel to it, right? The stuff of legend. The fabled "happier" times when us plain townsfolk knew no better and the thought of a sub dollar STEEM were met with laughter and ridicule. Fast forward to today and that same laughter has turned into wails of anguish. Like a stray dog greeting it's kin, "Where is the bottom?" is the only thing on every Steemians lips...
Well, the charts say a lot. How far we've fallen, the ferociousness at which it occured and... How much room to the upside we now have. Forget about drawing lines, adding indicators or even support and resistance demarcations. Accumulating STEEM at these levels is a gift, which way you look at it. 16 cents or below is make or break time. Either you're in or you're out. I don't think price will go down much further from here. Hell, we may even have hit the bottom, but that is yet to be confirmed.
But the crux of the matter is STEEM is cheap right now. If you've ever wanted to a minnow, dolphin or even orca! Well, now is the opportunity or opportunities. Dollar cost averagin down from here is simply a no-brainer. Space is fast running out to the downside at the same time as the pieces of the "crypto" puzzle are coming together nicely. It only stands to reason that a huge pump to the upside is very, very close.
If you look back at the historical price action of STEEM, you'll find that price has found ultra strong strength around these figures. The STEEM "teens" of price action. This looks like the sweet spot and every time we hit that magic 16 cents, the FOMO in me starts kicking in. As I say, these level involve buying into the belief. The steadfest belief that STEEM is capable of all that you imagine it to be and more besides. Although the beauty of this situation is that the evidence ain't based on empty promises but actual reality. Just look at everything that's going on around you. It's not hard to see what I mean.
So yeah, this is the time. Make peace with your relationship with STEEM and expect the unexpected. We are stretched to the absolute limits in terms of price and the elastic band ain't got no more pull. My advice? Dollar cost average in from here or around 16 cents. It's seems the most logical gamble you can make in the crypto space at this time. STEEM all the way, baby...
Couldn't agree more. I have been buying up a bunch on its way down, looking to pick up more if we stay down at this level for any period of time
Keep it up, bud. Looks like it'll pay off nicely a few months from now.
Keep it up, bud. Looks
Like it'll pay off nicely
A few months from now.
- ezzy
I'm a bot. I detect haiku.
yup, all about long term thinking, crypto is still in its infancy stage, the future is bright
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seems like the bottom is already touched
So now steem sucks a little bit less.
Come on now, my friend. Let's not get "too" positive just yet. :)
I could have been an Orca by now but my Splinterlands collection is taking more Steem than I thought! Time is running out as it seems that there may be little resistance of a bounce were to occur!
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