davidflana

Ethereum bug zapper theory!

BITFINEX:ETHUSD   Ethereum
Check this one out. By George I think I've got it! haha. Anyway, These 2 red lines have been acting like bug zappers for ETH (and Bitcoin). I think we will bounce off our current resistance of 365, then hit zapper line number 1. That will send us down to break our resistance and hit the nice round number of 350 where buy orders are waiting. That will shoot us back up, and eventually into the big zapper at around $400. That will knock us right down to $300 where there are a ton of buy orders and also a massive 2 month strong support line from before the big spike. This HAS to be the bottom. I like it! What do you think?
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