Ethereum seems to have picked up on activity after being really illiquid for the past week. We have a clear mode at 0.0051, and an interesting volume and range expansion out of it. If we start seeing new highs every 5 days at the very least, we can say that the uptrend has resumed and we can expect to hit prices over 0.0081 again. I'm rebalancing my portfolio, keeping a 70/30% weigh, so every 5%+ price swing is either a buy or sell to maintain the BTC value of my ETH intact. If you're trading with margin, let me say that you're playing with fire. ATR is simply too wide. If investing without leverage, you can buy dips to today's 50% range from open to high after the close. As long as we start seeing new highs every 5 days we'll be safe. Good luck! Ivan.
lol eth holderz getting rekt, accept defeat, 300 wont last forever
IvanLabrie
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There's no defeat nor pride in trading.
Those are not things you should even consider...Also, rekt? This is a serious thread, not twitter/bitcointalk scammer manipulator chatter.
blackswan
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300 was broken, once shorts are done this will go to test 0.0019x levels...
IvanLabrie
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A new low would be intense.
If we retest low volume support it would be an instant buy.
Would rebound very rapidly and then head back to the next level at 0.00285
ryopphdi
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hi Ivan,
What are your current thoughts? I remember you were strongly bullish a while ago. Yesterday price tested all time lows with big volume. Wondering if this level is going to hold or if we are heading even lower.
IvanLabrie
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Very low % of agrees on this idea. Buying the dip continues to work.
Update:
IvanLabrie
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4h is too noisy for the larger picture, regarding time at mode, but can offer some more granular detail about the situation:
See what I see?
minhthanhqnv
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it is about to go down below 400k
IvanLabrie
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You're really pessimistic mate.
Back that 'feel' with charts and/or trades.
You will find that often, these 'feelings' betray you. You can learn to do the opposite too, can be useful.