The DAO issue is likely coming to a resolution and may only need a soft fork. I believe the majority of the community and miners will support this without any major issues. In addition, BTC is looking like it is still retracing. See my chart here:
Resistance will be at .0245, if we break past this resistance depending on how far BTC/USD drops .027 will be our...
Well, needless to saj. The DAO quite disrupted our pan there... Pah!
I do not share the overly negative reactions to this pretty much "minor" (in crypto standards) incident which has been managed and handled very professional by the Ethereum developers. Nayways, ATH is obv canceled in the projected time period. Quite the contrary, values in the low 1400s seem to...
Fundamentally, it appears that somebody wrote a smart contract.
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Developers, cryptographers and computer scientists should note that any high-level tools (including IDEs, formal verification, debuggers, symbolic execution) that make it easy to write safe smart contracts on Ethereum are prime candidates for DevGrants, Blockchain Labs grants and String’s...
Eth just recently broke the downtrend line from the run up to ~0.034 and is being rejected down off of that to retest uptrend supports, which may not be enough to send it to the ether, but if any of you have looked at a BTC/CNY chart lately, BTC will be biting the dust pretty hard here soon with a retrace IMO to ~3500 CNY/BTC (chart coming later) and if anybody...
daily opened quite nasty and not at all bullish any longer. Longs closed and looking for reasonable shorting op somewhere between 2400 and 2500...
Happy Tarding!
So, the almost unimaginable did happen. The ETH bull died... R.I.P.
No idea how we get there (the blue path is just a rough idea), but we must expect at least a double bottom in the low 1500s. Til then this is a short-the-bounce scheme.
Depressed Tarding!
Looks like we have some a break out (although not 100% clear) on the 4h.
Moreover, the last dip makes up for a possible bottom since it met a) the lower end of bull channel and b) the lower end of linReg(50,200).
It is not a clear hit, what could mean it takes another shot at it, but the bottom might be in here already. Especially, in the light of Bert...
After reaching previous record highs, ETH will need to retrace back to 0.024 support for enough strength for any sort of uptrend. It's currently bouncing off of 0.0265 support, soon to be rejected by current downtrend line and sent to test next support.
