It is our impression that ETH is going to touch 500 dollar mark if not more
The market is controlled by fear at the current time which makes most of the trades very sluggish so will need some patience
fineregex
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for what? the crypto bubble is bursting very soon. your upper trendline doesnt seem to make sense. no longer term trend is fast like that.
dr.ehabaziz
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@fineregex, Te Extension suggesting to 0.14
The upper trend line is connecting another 4 highs before so it may be our top for the next 24 hours around 0.13
ETH highs are driven with all ICOs that is draining the market, We could debate it could correct harshly in the future but the bubble is bursting is debatable
fineregex
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@Dr.ehabaziz, ICOs are more likely to sell a major portion for USD soon than the participants / people who held ETH previously were
dr.ehabaziz
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@fineregex, I agree but not tonight :) and not with more ICOs feeding the cycle which is still happening.
fineregex
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@Dr.ehabaziz, everyone active in ETH, with a brain and heart should sell portion at this price to buy back later. And also to ease the hysteria.
- So that is what many do. And Vitalik and others are/should be doing too.
dr.ehabaziz
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@fineregex, Now you are confusing me, Are you saying sell now to buy later? cause that means it is a good investment
I explained at the title and my writing this post is a breakout trading post which a lot of people would be happy doing
I agree it is more speculation but most of the crypto market is driven by speculation and technical analysis rather than only fundamentals
fineregex
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@Dr.ehabaziz, yes, im saying dont be part of the short squeezes and / or shakeout of longs who went in later. It is bad. The higher on parabolic trend we are, the more exponentially dangerous it is to start a long. Probably you are save to predict breakouts technically 99% of weeks. Except at these hugh parabolic peaks/hypes, happening once in a few years only
fineregex
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@fineregex, because the universal truth that nothing can grow unlimited, is screaming ten times louder than chart-technical signals.