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CovidScamIsAnIQTest
Jul 18, 2017 12:46 AM

Where is the bottom for ETH Short

Ether / United States DollarCoinbase

Description

Are we going to back to where we took off around mid of May? That explosive up move still seems so fresh in my mind. It is sad to see ETH being beaten up like that.

It depends on market condition, especially with BTC, plus ETH also has its own problems. So far, there are no confirmed code based fixes.

Just be happy if you can get a double number of coins if it goes below $100. :)
Comments
TradingMula
CovidScamIsAnIQTest
@youngmula, I love these type of news, because this means the bottom is near...:)
TradingMula
@sifeij, Yea I think we are creating
CovidScamIsAnIQTest
As much as the rally ETH made today, the long term candle does not look good on weekly, yet.
The downtrend is still in, the bear market is still valid. If it's bear market, we might see similar cycles that all the other type market makes - which means, this rally or plus tomorrow is the last opportunity to get out before the price drop back to where it started the bull run which is around $100 area. It's just a theory, we all have to watch how the market goes. I would not all in for a long position right now.
unitednoobies
I think the price will be going down to 130. Can we really make 100? What would be a good reason for this move down to 100 or even 130?
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