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sacrelege
Apr 23, 2016 8:02 PM

ETH currently found a bottom, consolidates and bounces off Long

Ethereum / BitcoinPoloniex

Description

Make no mistake, after hitting about ~0.020 and staying there for a day or two, I expect a drop to test the bottom again. It depends how deep it goes and how fast it recovers before we can break the bearish sentiment on Ethereum. If the bottom breaks - still bear time.
Comments
sacrelege
as expected we went down again. From the speed and volume, it looks like its forming here a solid bottom, might still take a few hours maybe even days, but I expect a strong move up afterwards.
Risk/Reward is great for swing traders and there are multiple good levels for setting a SL below, depending on your trade style.
sacrelege
BTCCNY clearly moving up to test 3000. More down @ ETH expected.
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