To be clear i am bullish on ether and think we still probably have a while to go before we see a correction like this however I do like to consider everything and look at both the bearish and bullish scenario. For some reason a lot of people want to act like ether has underperformed but if you take a look at this chart going back about a year to the start of this speed fan we have actually had an insane year. From 90 bucks all the way up to our current high of 2600 ish, not only did ether perform very well but it was something everyone could afford to be part of, from people working at mcdonalds all the way up to the rich hedge fund managers ether was a solid play for anyone. If you have not taken any profits yet maybe consider doing so now ( at least some) just on the off chance things do really flip bearish.
If we do flip bearish I would not be worried until we break that bottom trend line, If that happens I could see us falling all the way down to that star I have marked on my chart at which point I think we would probably see an amazing bounce before continuing back down. We will see, I am still personally in the game but have sold off enough of my holdings that im happy and ready to buy the dip when it all comes crashing down. Personally, again ... I still think we will make it to at least 3k but its hard t o deny the change in mind set among traders and that general feeling of fear slowly creeping into the space !!! What is your view ? Up or Down ?
If we do flip bearish I would not be worried until we break that bottom trend line, If that happens I could see us falling all the way down to that star I have marked on my chart at which point I think we would probably see an amazing bounce before continuing back down. We will see, I am still personally in the game but have sold off enough of my holdings that im happy and ready to buy the dip when it all comes crashing down. Personally, again ... I still think we will make it to at least 3k but its hard t o deny the change in mind set among traders and that general feeling of fear slowly creeping into the space !!! What is your view ? Up or Down ?
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also i forgot to add, if you notice since the start of the bull run we have seen a general decline in volume, this is one thing that does have me a bit worried.