Are You Scared Or Aware?
We're in bloody times and I know that many have panic sold. My antedote to panic is to be prepared by studying Elliot Waves and having a stash of cash in case a crash comes. Now in this case, I wasn't prepared enough. I wish I had more fiat at hand to invest in these correction times. If you want to make good decisions consistently and stay positive in hard times like these I suggest that you don't look at your portfolio status. Unless you're an experienced trader that knows where the bottom is etc, you will probably do much better to just hold. Therefore, updating your portfolio everyday to see how much you've lost will only lead to panic and worse decisions. If you're driven by feelings and you find it hard to take time off cryptos, then I would suggest that you start reading about Stoicism. It's an ancient philosophy that helps you strengthen your mind and focus.
So ,was I in shock that this crash came? No, not really. Based on my previous predictions for the past 2 months I've kind of seen it coming. Both based on my Bitcoin predictions but also by looking at many alt coin charts and seeing similarities. I'm gonna post a couple of my old predictions that shows that we're in the 2nd correction wave based on Elliott Waves Theory. These predictions have barely changed much, the only thing that has changed is the profit potential since prices have dropped lately.
Now, with that said, I'm not 100% that this correction is done. That's too early to say. There are factors indicating that the correction is far from over. But more on that in another post. Here are some of my previous predictions that are still valid:
Zcash (ZEC)
Ethereum Classic (ETC)
EOS (EOS)
Litecoin (LTC)
OmiseGo (OMG)
Status (SNT)
Steem Dollars (SBD)
BitShares (BTS)
DigiByte (DGB)
I hope you guys like the content I'm putting out. I want to evolve and would like to know if there's anything I can do better to serve you. Any suggestions on coins or more fundamental analyses? I wanna hear your thoughts steemians!