ETHBTC Moving in downtrend channel. Target support line of the channel. Most of the crypto projects which collected funds via ICO have too many ETH as capital. They hope that ETH will grow up. This projects have big expenses: for salaries, development of product, marketing and other. But now the crypto market going down and people are scared they want to save own capital and ready to sell coins at any price... ICO projects selling their ETH in panic... I hope this panic will end. But "When?" that is the question. Now there are no signals to stop it. So, Short position on ETH is the best decision!
ETH will definitely see sub 100 levels as BTC bears are preparing for us shock therapy :)
Scotty_Crypn
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Common misunderstanding. Very few icos have in their white paper that "in addition to the project we will also act as hedge fund." People that repeat this nonsense do nothing but create FUD, driving away buyers and drive down prices. Which is honestly fine with me except I hate fake news. ICOs were designed to raise money, not act as crypto hedge funds. Selling ether Is the intention of the project, period.
sisapis
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@Scotty_Crypn, And, they already sold, a long time ago, one would assume they have solid knowledge about finance.
mezase
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ETH ded, forever. Flippening failed.
KERZMES
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Is it active long or short?
jhypark
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Trade active, long or short? thanks EXCAVO
biffbifford
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At some point, you would expect a reversal to a new higher low offering a short-term opportunity to make some profits and get out and short. I am uncomfortable at these levels because we shot right through them in the past and very little historical data exists. Unless we build some support where 70 percent of the price action is happening with the highest volume will indicate a support or resistance zone. I see you have a volume profile up there... Finally, someone looking at the single most important data in the technical analysis. The selling has been exponential while the Longs pray for the ETF to be announced and have a chance to recover their losses and maybe make a few bucks; they should be concerned about the real lack of historical data from $100 to $180. Ask yourself where is 70 percent of the price action is happening to establish support and resistance zones. These are scary times and hope just ain't good enough of an excuse to keep me holding on to this. It is better to let it hit bottom and see how they intend to speed up the processing time, make the ETH more acceptable as a means of payment in stores, restaurants, and put up ATM machines! We still have a ways to go and need to work within the fiat framework to conduct daily business -- this a limiting factor and as the token grew it became more apparent.
majic92
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@biffbifford, ether cant be a devide like fiat because fees is too expensif, in more you can be rekt by network and lose your transaction gas if dont use a good fees.
biffbifford
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@majic92, Then the current platform will become antiquated and be useful for non-financial related data processes. The architecture facilitates to many data-intensive products and the system is not fast enough to handle the transactions. Just look at what crypto-kitties did to the ether platform.