Where are we headed

in LeoFinance11 days ago (edited)

▶️ Watch on 3Speak


The situation on the crypto markets is very uncertain. Most markets show a kind of triangle where it's difficult to evaluate on which side the break out will take place. We would like to know how you see the future evolution on the markets!

The Liotes Mission

By taking part in the Liotes missions, you can win credits that will help you to increase your score and your title in the Liotes Ranking.

Today's challenge

We would like to know how you see the near future in the crypto markets? Will prices go up or will the correction continue? We would also like to know your strategy to prepare for the months to come. To take part in the challenge, simply write your answer to these questions in a comment below.

Everybody who submits a suggestion will get 3 credits. If you write more than the bare minimum, you will get 2 additional credits.

We are very grateful if you enter the challenge within 24 hours after the post is published. We will try to count entries up to 36 hours after publication.


Liotes

A project run by @ph1102 and @achim03

Resources


▶️ 3Speak

Sort:  

I so love this challenge seeing this make me reason more because on Monday being 31st I predicted the market will hold a bullish trend this week and the up trend is still moving. well the post in on my wall.

However making a yearly prediction on BTCUSD;

BTCUSD.PNG

Using elliot wave retracement i predict the market will still undergo correction for a little while in the range of the two horizontal line drawn before breaking out to take a bullish trend.

HIVEUSD

hivebtc.PNG

looking at the current position of HIVEUSD the market is forming a triangle correction in the market, still it is maintaining a trendline from point A-D the bullish trend will take place when retracement hit point D.

Regards,
Da-prince.


Posted via proofofbrain.io

That is a nice TA! I like the HIVE/USD chart at the break-out has to happen during June, and we will see in what direction... I would like to see it playing out as you have predicted :)

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Connect

Trade


@da-prince! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

3 credits and 2 bonus credits added

In my opinion crypto is inevitable. For right now I think the direction crypto prices take largely depends on what actions governments take in the next few weeks and months. Crypto has been in the spotlight recently, so there have been a lot of conversations about banning it, taxing it, and implementing new versions of it. This makes holding crypto a little riskier, but I’m not to worried. In my opinion even if every country banned buying and selling crypto people would still do it, and those sorts of rules would be temporary. I believe that as more people understand what all crypto can do, it will become accepted more and more until most people are using it in some form or another. My strategy for now is to try and continue to find good investments and build up my holdings while things are cheap. !LUV

I agree with you that crypto is in the phase that it's unstoppable... They have tried to ban it for some time, and as time passes, it's harder to do that, so I think that it will not happen... Especially when some big players are already IN...

But, on the other side, they will probably create some new cryptocurrencies that will be trackable/controllable as they need to have that... Most of the people will use that, but I hope that (we) the others will have options to use alternative cryptos...

Thanks for the comment!!

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Connect

Trade


@horstman5! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

3 credits and 2 bonus credits added

The near future (3 to 6 months) will be a holding/accumulation period. Summer is usually a time most people or more concerned about getting a break or vacation. This occurs also in the stock market. Long term, I believe if you are not in crypto and the blockchain you will be missing out. Blockchain is the next big move in technology with more and more groups, organizations, individuals and companies coming on board. In 3 to 5 years, it will be mainstream. My strategy is to accumulate as much as possible before it becomes mainstream because when it does, the moon will not even be the outer limit....LOL

3 credits and 2 bonus credits added

In 3 to 5 years, it will be mainstream.

I would like to see this happening! But if not, it will still be OK... More time to be in advantage over others... :)

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Connect

Trade


@darmst5339! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

We would like to know how you see the near future in the crypto markets?

I think the price will probably correct or stay stable for the most part. I think we need another month or two of consolidation before we can even think of going back to the previous all time highs

However I do think blockchain technology will be more prevalent in society since I expect the world to be digitial. Its just that the market is unpredictable.

Will prices go up or will the correction continue?

Correction continues as I stated above.

We would also like to know your strategy to prepare for the months to come.

For the most part, the volatility makes me just HODL my crypto. Also the liquidity on most tokens isn't exactly the best so I don't really plan on trading them right now.

Posted Using LeoFinance Beta

For the most part, the volatility makes me just HODL my crypto. Also the liquidity on most tokens isn't exactly the best so I don't really plan on trading them right now.

I like your plan! I'm doing something similar... Every time when the price is going down, I accumulate more, or buy more... That's the only way to make gains in crypto... :)

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Connect

Trade


@jfang003! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (6/10)

3 credits and 2 bonus credits added

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

I still think there will be one more major "scare" to the bitcoin price which will turn the markets red for another bloodbath. At that point, just when sentiment is becoming truly bearish, I expect another major leg up to and through old highs. I feel like the second half of the year is going to be a repeat of the 2017 bull run. Bitcoin slowly builds momentum and while bears keep trying to pick the top, it keeps running through them until we gear up for the blow off top everyone always talks about.

As far as preparing for it, I continue to DCA in a few of my favorites. I have small weekly autobuys in four different cryptos just to keep my position growing. Once the market starts moving again, I will probably stop those and look for a couple alts I think will benefit from the run up. Then, hold on for the ride and try to find a place/places I can stash profits down the road. In all honesty, it may end up being here to a certain extent. I mean, I could buy a couple tons of Hive and maintain my value through curation even if the price drops. It will be interesting to see. There are also a few coins/tokens I don't mind riding back down if necessary. Bitcoin being one of them. Maybe by that time LEN will be more liquid and I could buy a hundred thousand of those. :-)

Posted Using LeoFinance Beta

I think that your strategy is very sound. With DCA, you manage to get a balanced price for the crypto. Markets may go up or down in the long term but we always compare crypto with fiat to evaluate the price. There is one thing that I'm pretty sure about, fiat won't increase in price with all the money that is being created because of the pandemia. So if fiat looses value, what does this mean for crypto? I think in the long run, it's safer to hold crypto to keep the value of our money :-)

!ENGAGE 20

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

3 credits and 2 bonus credits added

I expect continued volatility, with governments potentially regulating crypto depressing prices while random news and fomo continues to spike prices (i.e., Doge on Coinbase). Personally, I'm looking at mainly working on my Splinterlands collection in the near term. I expect the prices to raise on those in the near term, and probably be at least fairly stable for the mid to long term.

What I like about Splinterlands is that the cards are always expressed in USD and they remain quite stable in price. During the last bear cycle, I invested a lot of money into splinterlands and like that I managed to keep the value of my money quite even.

!ENGAGE 20

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

3 credits and 2 bonus credits added

I think the near future of the crypto market doesn't matter. Whether the price goes up or down is irrelevent. My strategy is the just keep stacking. I earn. I occasionally buy. But I'm not selling...I'm stacking. The more I stack, the more I earn. The more I earn, the more I stack. If I want my crypto earnings to pay for my retirement, I need to keep building my portfolio (regardless of whether the price of crypto goes up or down). I'm in for the long haul, so the near future makes no difference to me one way or the other.


Posted via proofofbrain.io

I like your strategy. Let's be honest, how can you let fiat money work for you nowadays? Maybe if you buy some dividend paying stocks you can get like 3 to 4% return on your money but then there is the inflation rate that is almost eating up your income. With all the money being printed at the moment, once the situation is normalizing, we might see some strong inflation tendencies.

With crypto you can stake and let your money grow. At the moment I have about 10 income sources in crypto where I earn a couple of cents every day in each of them. Reinvesting that and growing the stakes might accelerate it and who knows where we will be in a couple of years.

!ENGAGE 20

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

3 credits and 2 bonus credits added

I'm waiting for another test to 45-48k in the price of Bitcoin before another leg of correction happens. However, if the test of Bitcoin exceeds 48k then I may expect to go up to 60k to form double top formation.

Even though the long term is always green for crypto-natives, the short/mid term opportunities are also quite profitable. When I check the chart on tradingview, I expect to make one more correction that may even reach to 2X K levels before making another higher high for the whole chart.

Until the Q4 of 2021, we may not see any sharp increase in the market but the bulls are only having a nap, the party has just began :)

hmmm.... Interesting point of view... I agree about a slower upward pace in the short-mid term, but I didn't think about that 45-48K top... But, it could happen easily...
Like you, I'm not worried at all about the long-term price action... There is only one way where the price can go... ;)

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Connect

Trade


@idiosyncratic1! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

3 credits and 2 bonus credits added

I am bullish on the crypto markets overall. I know that the entire world is going to move to blockchain technology over the next few years. There will be transition times, like now, where there are "corrections" in the market. I have been in crypto for over five years, and the one thing I have heard more than anything else is this: "I wish I would not have sold when I did..." The maxim I go by is this, "when in doubt, zoom out," meaning that when the short-term trends scare you, zoom out your time scale, and almost invariably, the chart is going up...

I wish I would not have sold when I did

or If only I had bought when it was 200$ lol

That's what I hear all the time as well. I actually never bought any crypto but I discovered them and started by claiming from faucets back in 2014. I remember that the faucets were paying up to 3000 satoshis every claim.

In general people always forget that when you evaluate the price of a good you use a reference currency and for crypto most of the time it's the USD. What people are often not aware of is that if you look at the buying power of USD over the past, well it hasn't really gone up. On the contrary. Deducting from that, we just need to keep the crypto, stake them and wait until the USD looses some more of its purchasing power. Not much we can do wrong :-)

!ENGAGE 20

Yeah I never really knew about faucets (still don't). I started on Steemit, then got a SHA-256 ASIC miner and kinda went from there.

That's not a bad way to start either :-)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

3 credits and 2 bonus credits added

Loading...

Here are a few reasons why I believe June will be green:

  • 30k support held
  • volatility is not as wild intra-day
  • major hotshots bought the dip
  • if June ends with bitcoin below 32k, Tesla will report (virtual) loss on their bitcoin investment after the 2nd quarter.

Not sure how it will play out next, but bulls are not over yet.

Just a few thoughts.

Posted Using LeoFinance Beta

In all this "fake news" era, I think that this:

major hotshots bought the dip

...is one of the facts that keep me confident in crypto going up...

Crypto was going up because blockchain tech was something new, something revolutionary, different, private, but still transparent... If it survived when "nobody" liked it and they wanted to bury it, what can happen when all those "owners of media" buy some? :) :)

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Connect

Trade


@gadrian! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (1/10)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

3 credits and 2 bonus credits added

Thanks! :)

Posted Using LeoFinance Beta

Ok, my subjective point to all that 😎
The fact is that crypto is volatile, which means it will go up and down constantly. The question that arises is, where are we now? Are we at the bottom and about to start climbing again, or are we not at the bottom yet? I am neither a prophet nor a financial analyst, so I cannot offer a real answer, but who can? I am not too worried because I have seen it all before.
My main guideline is that I HODL most of the time, I do not sell anything. But I do think that DeFi has opened up some new spaces in the crypto world and that it will, or has with these technologies, mitigated an even bigger drop in all the major cryptocurrencies. What will happen in the short term? If we have reached the bottom it will go up, but if we have not we will be stuck for a while. 😁
But if we look at the bigger picture, not just from a financial point of view, we have to assume that these falls and rises in value are relative to fiat money and that the true value of cryptos will be determined soon, using all the new technologies behind buzzwords like decentralization, power of stake, Defi, power of governance, anonymity, inability to censor and so on.

these falls and rises in value are relative to fiat money and that the true value of cryptos will be determined soon

I have some friends in Turkey and they have a very volatile currency. Ten years ago 1 USD was worth about 1 TL, today its about 1 USD = 10 TL. When I talk with my friends they say that the prices of houses are a good investment because they go up. However if I calculae the price of a house in Turkey... 10 years ago a friend bought a flat with about 100'000 USD. These days another friend is buying a flat and the costs... about 100'000 USD...

What I want to show is that prices are really relative to the currency that you compare them with. When crypto go up is it because crypto is worth more... or because fiat is worth less... What should we expect of the price development of fiat currencies... I don't really think that the value of fiat money is increasing :-)

!ENGAGE 10

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

3 credits and 2 bonus credits added

@liotes, you were given LUV from @horstman5. Info: https://peakd.com/@luvshares or check wallet: https://hive-engine.com

@solymi denkt du hast ein Vote durch @investinthefutur verdient!
@solymi thinks you have earned a vote of @investinthefutur !

@liotes, you were given LUV from @solymi. Info: https://peakd.com/@luvshares or check wallet: https://hive-engine.com