Optimism not looking optimistic.
HA. Ya get it? YE GET IT?
But seriously. OPU seems like a good business with good benefits. But just like the rest of the market, it's taking a dive.
I don't want to sound like the sort of crypto fan boy and yell out "bUy ThE dIp". But I think at this momenet, the safest meaure within the market, Is to stock pile on assets which you believe have the most potential. The problem is that there are a shit load out there.
So...you know...do your homework
This is a fairly simple analysis. Optimism has broken through this ridiciulous range and is finally getting some direction. We can see there is very good support at the 0.60 region which would be a good area to place some buy limits. So, for the time being, I am bearish on this asset, but the market only wants to go in one direction and that is up.
People are under the impression that a bear market is a bad thing. You have think of moments like these as if the market is just taking a breather. Capitalism is like having lungs: As the market grows (the lungs getting bigger), sucking in oxygen (money), the market expands and there's more to go around. But it can't expand forever. So it needs to collapse i.e. let the air out. At the moment, there is very little market particiapation. as everyone is selling their gains or shorting. Nothing wrong with that. However, this shouldn't be.a reason to feel discouraged from buying the assets and loading up for the market starts to take a turn.
But seriously. OPU seems like a good business with good benefits. But just like the rest of the market, it's taking a dive.
I don't want to sound like the sort of crypto fan boy and yell out "bUy ThE dIp". But I think at this momenet, the safest meaure within the market, Is to stock pile on assets which you believe have the most potential. The problem is that there are a shit load out there.
So...you know...do your homework
This is a fairly simple analysis. Optimism has broken through this ridiciulous range and is finally getting some direction. We can see there is very good support at the 0.60 region which would be a good area to place some buy limits. So, for the time being, I am bearish on this asset, but the market only wants to go in one direction and that is up.
People are under the impression that a bear market is a bad thing. You have think of moments like these as if the market is just taking a breather. Capitalism is like having lungs: As the market grows (the lungs getting bigger), sucking in oxygen (money), the market expands and there's more to go around. But it can't expand forever. So it needs to collapse i.e. let the air out. At the moment, there is very little market particiapation. as everyone is selling their gains or shorting. Nothing wrong with that. However, this shouldn't be.a reason to feel discouraged from buying the assets and loading up for the market starts to take a turn.
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