/biz/ - Business & Finance

I have 200 etherum

Title says it all. We are in a link-specific 2017-type bubble. Not saying this is the end for LINK, but we're going down for a while now. LINK couldn't paint a more comically verbatim caricature of the wall street cycle cheat sheet.

There was a magic moment in dec 2017 or jan 2018 when first BTC, then other alts, stopping just going ONLY vertical and made this huge dip forming a bull trap. It's on all those charts. It was special because the price was still relatively at historic highs, but was clearly signalling to anyone who wasn't 100% new or completely intoxicated by the euphoria that the rally was done so that they could sell at a huge profit. We are there. RSI at long time frames is still screaming sell and this ridiculous looking tower of green dildos on the 1w chart can only go one way right now. I was calling this a euphoric paradigm-shift judgment-clouding delusion-fueled rally by the time it hit 10 dollars. This is so overextended that anyone who does not at least take profit here deserves to walk away with nothing. And maybe that's being dramatic, because I don't see LINK going below 8 at the very worst--- there will always be money in LINK, but anyone who bought above 10 will be rekt. That's the problem with a massive speculative frenzies that pop; it burns out buying sentiment that should be rationed out over the course of months or years, it creates a cascading tail spin of panic selling, and it burns new investors too quickly before they can properly prepare themselves for this market and what a project like LINK is, and so they'll never touch it again.

I held without swinging since .27c and I still have 10k link in the market, but it would be fucking foolish not to walk away with some profits now.

inb4 dr;ns
inb4 you can't inb4 dr;ns

>>19214172
/Stealth Mode/
Like A Ghost.

>>19212583
listen.
send us a link to the meeting.
we'll all go in and vouche for you.

>>14504857
it in china now, son.