Anyone else feel relief from the current drop?
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I have been looking at all this crypto green like I would a balloon my kids are pumping up way past safe size.
I was waiting to see it pop and now that it has deflated somewhat I damn happy because it flushed out leverage and provided a good reality check on how bubbly it all is.
It seems to me that its not yet as bubbly as I had feared and that this balloon might still have more space to get pumped.
A five percent drop is not much for crypto as such, but its was a needed little cleanup and test as far as I am concerned.
The way up should better be intercepted every week or two by some corrections of this size just to check out how stable our foundation is.
Thoughts?
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