minyrmen
Long

ETH/USD Bottoming out

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
We have reached -70%. This is very similar to what happened during the summer when we had BTC hardfork drama going on. The one thing that has changed is the fact that we are below 30 RSI , very oversold on the daily, this has not happened for 1 year and 3 months, the bounce is going to be crazy and things will get super volatile. I personally am buying in in the 470 range, expected time of recovery is 40-60 days. G20 Summit might also give us a nice bump in price, but we'll have to see. This price action is nothing new, it has happened before and will happen again. Only variable here is volume , volume increases with every drop we have and this is good!

KEEP IN MIND: Best time to buy is when everyone is losing their minds and sell when everyone is euphoric, sentiment changes quickly in crypto.
Comment: Clearly that didn't work out lol
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