Hey, do you think there is a chance we will see a trend reversal around the 3750 area?
CryptoAddict77
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@janski, If you are talking about a longer term trend I think it's still early to tell. We might go all the way down to $3500 or even $3000 before a long term reversal. For short term we will have a bounce and then another leg down. That said you always work with probabilities and things can happen in a very different way.
janski
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@hubavka, Well said, I wholeheartedly agree. I think 3750 is a possible, yet unlikely major trend reversal zone, yet the most likely mid term trend support zone, with a target take profit area between 4000 and 4150.
I also see 3000 as the potential large scale trend reversal zone, conversely 230 for ETH, which would bring the ratio to 0.07666, which I think is totally within reason, given the long term weakness of that market.
Any further thoughts/comments?