Papou

WAVES riding on emotions.

BITTREX:WAVESBTC   Waves / Bitcoin
WAVES investors are in for a ride. Majority of them not understanding why their investment is bleeding out and the fear/anger is beginning to kick in that will never go back up. Crypto is a game of controlling your emotions more than anything. No coin is immune to these cycles of fear and greed; Fear being moments where you are scared that your investment will lose it all and you sell at the lowest strength of the market or fear of buying because you feel the coin is done and will never see the light of day again. The first scenario you should have been well out of the market once the trend broke, which is noted by the green line (recently broke mind you). The second scenario is moments where you should be buying because people are selling it to you for pennies on the dollar. Greed is not selling when you should because you feel you can squeeze that "little bit more" or you think you are about to be rode to riches. WAVES has not even seen true fear yet and I wouldnt touch it until we saw the 0.883 fib tested which is close but still -30% away from here, why pass the discount up? People fight the trends at the wrong time, thinking they will outsmart the market....it never works.

Comments

thank you! please share more of your views!
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sending thanks for the good analysis as always!
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check chart WAVES/USD in daily logarythmic scale. I see bullish pennant pattern.
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very smart note. Still learning how to act not like the rest.
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