Returned to strong support. Buy the fear. If the bottom doesn't fall out, it should continue up to $10.
Comment:
Keep buying the fear. This dip is stupid. Look at the growth in contract calls per month over the last 6 months. better-call.dev/stats/mainnet/general 30x growth with virtually no price appreciation is unheard of. I don't give a damn about Evergrande.
Comment:
This is kind of where my head is at. I think we'll start to form IH&S, then fall back to $5 again (probably due to more Evergrande FUD), then continue to the upside. I'm not actually betting money on this chop movement. Just holding. I hope we just shoot straight to the moon, but in the current market conditions it's kind of unrealistic.
Comment:
I just looked back at this post. My comment from Sep 24 was almost dead on except price didn't quite return all the way back to the uptrend support.