elitebagholder
Short

Ethereum - There will be better buying opportunities.

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
I think there will be better buying opportunities, so holding off for now is a good idea.

Ethereum is attempting to retrace back to the $400 support level , and may even fall lower if it breaks it, down to $265 possibly.

Keep a close eye on the next few days and see what happens. We got the weekdays coming in front of us after an underwhelming weekend so far.

Sideways action isn't too good for crypto, considering how millennials have ADHD (myself included) and want there 10x gains in one day.

A $265 Ethereum will give a $4400 BTC and around $80 LTC for the short term. These numbers are my worst case scenarios, and I would not be surprised if we approach these numbers.

I would truly be shocked to see anything lower.

All this said, if we see a +50% bounce tomorrow you can ignore me ;P

Good luck and bye for now.

Mar 31
Comment: I have changed my worst case numbers, see more current charts.
Happened to many... I am such a short term trader that I miss the big runs and the bagholding alike... also gave up on otc years ago. ELTP has a decent BS story.. many held the bag
+1 Reply
@DS77, short term trading has its advantages, at least the stock doesn't become your goddamn religion, you know what I mean? but short term trading requires more work, i'd rather make a good pick or entry and sit back and do nothing. maybe just make adjustments to my position once in a while.
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DS77 elitebagholder
@elitebagholder, I hear ya bud. I just learned early on that short term trading for my personality. OTC is a gamble.. longer you hold, bigger the gamble. ELTP was on of my last OTC trades... traded IPIX after that.. then said bye to pennies for good and moved to big board options. Happy trades!
+1 Reply
Going short at this point seems too risky
+2 Reply
elitebagholder professoruk
@professoruk, testing this message
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elitebagholder professoruk
@professoruk, Not exactly going short, just have low limit buy orders. I personally think we will approach a $265, but for now I have a lot of my buy orders around the $400 support. If I miss out, I don't care.
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Are you an ELTP (elite) bagholder? I traded that a few times... but what a POS long term
+1 Reply
@DS77, yeah, i am, made a mistake with it in my early days
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