I don't want to sound negative but I don't see a reason to buy from Technical Analysis point of view. We are under all MA's, BTC is under all MA's. Activity on the blockchain has dropped. SBD is "only" 1.75$ (which is still 75% higher than designed). I think one of the best trades can be to buy SBD from 1.10 - 1.30$ with a risk of 10-30% and rewards up to 1000%.
From Fundamental point of view this is a great entry point. If I wasnt a trader I would have been accumulating from 2.50$ all the way down. ( I don't recommend averaging down, this is very dangerous for your capital)
As always everything depends on BTC at the moment.... :) Correlation is just too high.
Agreed. It could go lower. And then again, it might not. But if you're accumulating, we're once again at fabulous prices, IMHO. And if it goes lower, even better!
Just like the best sells are made at overbought extremes, the best buys are made at oversold extremes.
Agree ! I am keeping a very close eye to the prices. As I said - fundamentally we are in very good position to purchase some coins :)
I would be glad if you take a look at my latest article and share your views in the comments for my audience. I know you are big holder of STEEM and BTS.