zakk103
Short

ETH Bubble pop. Fear -> Capitulation -> $200

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Looking at Bubble stages in link below, ETH is following the classic bubble pattern, currently in fear stage and moving into capitulation around 800. Should fall to nearly zero by mid march, then level off around $200 a week later.

Classic bubble chart here:

https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/stages_in_a_bubble.html

Of course, this is not trading advice.
Really? how is that
Reply
zakk103 FernandoMocer
@FernandoMocer comparing to the linked chart, you can see the first sell off in June, the "New Paradigm" cap off at $1400, the return to "normal" - $1250 on 1/28. This morning we broke below a large triangle pattern (see post from @MagicPoopCannon ) and there's no question that a broad sell off has started.

I see one last strong resistance at $770, and after that I think it's gonna drop to the floor.

I still believe ETH is a revolutionary technology and a great long term investment. Definitely more lasting value than a tulip, and I wouldn't be surprised if it surpasses Bitcoin. I just wouldn't go long until the hype shakes out.
Reply
@zakk103, Ok Im agree but the thing is that everything follows BTC, Im more into XRP and yes Im waiting the price to fall, I don't think it will go so low because at some point buyers like me will enter and pull back the market on bullish channel, but well is a possibility it go that far and is that so I will buy for sure
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out