foolsbookie

Post Ether Carnage on 30th May, 2019

KRAKEN:ETHEUR   Ethereum / Euro
Wow, that was some carnage yesterday. Ether has being volatile in both directions this year. It has risen quickly in terms of percentage gains with respect to BTC and fallen quickly also. Yesterday's massive drop has created panic amongst the bulls. Looking at the chart objectively now after surviving the massacre, it still shows no reason for me to be bearish unless thee 1st June, 2019 is a bearish candle or closes below 220 euros. In my previous analysis I had set 200 euros as my start for shorts on Ether, and that condition still holds. I am long-term bullish and see Ether breaking upwards of 270 euros before the end of 2019 (November looks like when it will sit above 270 euros with safety). Will be a rough ride as we will encounter these dumps, but for me any chance to buy below 200 euros is a good opportunity to buy and hold as an investor.

My old long positions are still open. I did sell half my ether yesterday at a higher price. Making cash to buy below 200 if it goes there, else have been riding on Ether on and off since it was 89 euros in January.

This is not financial advice and hence, trade at your own risk.Wow, that was some carnage yesterday. Ether has being volatile in both directions this year. It has risen quickly in terms of percentage gains with respect to BTC and fallen quickly also. Yesterday's massive drop has created panic amongst the bulls. Looking at the chart objectively now after surviving the massacre, it still shows no reason for me to be bearish unless thee 1st June, 2019 is a bearish candle or closes below 220 euros. In my previous analysis I had set 200 euros as my start for shorts on Ether, and that condition still holds. I am long-term bullish and see Ether breaking upwards of 270 euros before the end of 2019 (November looks like when it will sit above 270 euros with safety). Will be a rough ride as we will encounter these dumps, but for me any chance to buy below 200 euros is a good opportunity to buy and hold as an investor.

My old long positions are still open. I did sell half my ether yesterday at a higher price. Making cash to buy below 200 if it goes there, else have been riding on Ether on and off since it was 89 euros in January.

This is not financial advice and hence, trade at your own risk.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out