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ArvindMahesh
Sep 12, 2018 3:03 AM

Possible bottom for ETHUSD Long

(BITFINEX:ETHUSD+BITFINEX:ETHUSD+BITFINEX:ETHUSD)/31W
(ETHUSD+ETHUSD+ETHUSD)/3Bitfinex

Description

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ETHUSD, unlike BTCUSD broke support levels and retraced over 90% from the top. We are likely to see a bottom in the near future. Unless there is a catalyst aka news, breaking support at 150USD is going to be hard.
Most alts exihibit a similar pattern.

Comment

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Move stop loss to 5% above break even.
Trend AnalysisTechnical IndicatorsEthereum (Cryptocurrency)Bullish Patterns
Comments
Karonte
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how an asset can lose 90%???? this is fucking crazy
Zielinsky
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@Karonte, its called bubble
Karonte
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@Zielinsky, yeah, how S&P is not a bubble then?, there are a lot of asset that are a bubbles, and they still rising for YEARS.
Zielinsky
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@Karonte, i said SnP is not a bubble? one day they will burst. Like in 1929, 2008..... 2040? and so on
Karonte
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@Zielinsky, but bitcoin bubble only lasted 1 year wtf.
Zielinsky
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@Karonte, its not the end hahah we can reach 100k our 1m who knows
ArvindMahesh
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@Karonte, Well it depends on how you look at it. On the 1Month timeframe, this is just a pullback.
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