Now we seemed to have bottomed out with a solid rise today....lets take a peak at the possible future?
Obviously Bitcoin seems to having quite a big say in events so this may still have some ups and downs before rising to target 0.05.
For certainly.. Anyway, if the price goes above Lower buy line i will go long and hold ETH until BTC halving. Because of Supply and Demand (if you think logically) price of BTC should shoot up, and ETH respectively should go down (unless some serious fundamental reason comes up for ETH price to go up as well). P.S. I am not professional trader or economist or whatever, i just think logically
Nor am I just trying to chart it logically so as always I could be wrong....always best to follow your own heart! Needless to say we have seen a cracking rise since speaking LOL. P.S. I was always told to try and ignore fundamentals when charting so it takes emotions out of play albeit very difficult with all the chat!
I think technical analysis is good for day trading, it really helps, but the main driving force is fundamental (if you are thinking for the long run). it is true, it is not easy to leave emotions out of the game, thats why many traders suggest to play with the money you can afford to lose.I stay out of the chat, because it only confuses me :) Although i follow media, because it sets the mood for the masses, which reflects on the price more or less. And you know, individuals are smart, but masses of people are sheep... it is really hard not to be a sheep :D