If I had bigger balls or more money to lose, I would pick up some ETH at 510 thinking it is going to go to the top of this channel. Maybe as high as 580. I could use a 16% trade these days...
I think ETH is headed down instead of up. The ETH BTC pair is looking hella bearish. Assuming BTC remains where it is, should see ETH doing a swan dive off the top buckle and approach the 450 zones on its own.
halleys5
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@ss44, I agree with you, I think ETH is on a giant staircase downward. I based my amateurish comment on all of the multi-day oscillation periods we have seen lately.
I certainly do not think that the long trend is up for the foreseeable future. But honestly, I'm bored not doing anything, and I haven't moved any funds to an exchange where I can short. Maybe I should do that, only issue is I have to move in ETH or BTC and I'd at least like to cover my costs when I make that move...