This idea is not meant to be primarily technical, but a more fundamental analysis to elaborate why the ongoing attempt to use Ethereum Classic (ETC) as a tool to execute a "speculative attack" on Ethereum (ETH) cannot possibly succeed ever! To keep things simple, the underlying market mechanism of a "speculative attack" can be described as following. In a market...
Obv with ETH you never know. Reason enough to expect a clean rocket launch right here... Finally! ...Eventually. Happy Pumping!
let´s see what the new monthly opening adds to this...
The scheduled "Community Meeting" will decide depending on what the Q&A surfaces... I highly doubt it´ll be anything bullish. Meaning price decline will prolly continue as well as accelerate and ultimately lead to #doom. Well, let´s hope for ht e best and prepare for ethe worst...
The implementation of Ethereum Classic trading on Poloniex is most def one of the most shameful frauds in crypto world I have ever witnessed. STAY AWAY! From both, exchange and scamcoin. Complete Rektage 100% guaranteed!
...or is there still hope left? My personal take on this: Stay the hell away! Otherwise, Good Luck
Waiting until successful fork before engaging in a long again...
... but decided to short XBTEUR (which I usually do not recommend or do myself) instead of ETHXBT. While Ethereum certainly has some serious issues, Bert looks even worse (esp. fundamentally) making the ETHXBT pair a pretty much unpredictable venture. The blue horizontal lines mark possible targets. Happy Dumping.
Not looking very bullish any longer. Although Bert aint not at convincing either, ETH kinda failed to convince that there is more room up. Small short opened. Target: 1460-1490 Happy Tarding!
Looks like ETH might breakup here soonish and start a trend reversal. Possible reason, Harsh Bitcoin dump before or shortly after #TheRektening. Buy the breakup... Targets: 1840-1880 & 2090-2140 Happy Tarding!
Don´t be fooled by dem doomers & gloomers depicting race wars and what not. US stocks will keep on being bullish for at least the rest of 2016. Much Love...