Bounce down off .618 fib and that could be a good correction, I really don't think we will break down from there, as Grayscale continues its conquest for your 401(k) retirement money by opening ETHE to trade over the counter.
Even though .786 is holding strong support still set long limit buys at .618 and near bottom trendline by laddering them down from .768 fib.
Since I don't believe we will break down substantially from the .618 fib, and really like to use ETH (it's got some really interesting features) I am ok with risking a small position to take longs at this correction during what many perceive to be a new bull market. Apple just released a DevKit recently and there are many other interesting developments in this space much beyond the price and usefulness as a currency.
For personal use only nakkos
Even though .786 is holding strong support still set long limit buys at .618 and near bottom trendline by laddering them down from .768 fib.
Since I don't believe we will break down substantially from the .618 fib, and really like to use ETH (it's got some really interesting features) I am ok with risking a small position to take longs at this correction during what many perceive to be a new bull market. Apple just released a DevKit recently and there are many other interesting developments in this space much beyond the price and usefulness as a currency.
For personal use only nakkos
Comment:
Took profit @ $319. Blowoff top was getting too hot, even Mike Novogratz was hollering about overheated BTC markets. I listened to him last time when BTC was 18K.
Comment:
Looking at .768 to .618 fibo to re-enter new longs on ETH/USD pair