It's clear just looking at the bare linear chart that we haven't finished our correction yet. I suggest that we'll see a drop to the 0.786 level now that this last bull trap is over (almost over). We might even go much lower I don't know. What I am sure of is that we'll come back up afterwards.
Market-wise, I think this ETH correction will be driven by a drop in the BTC price. Once BTC finds its bottom (could be double bottom at 6000 or new lower level) then ETH will find a bottom too.
I have no idea what the time frame on this is.
Kommentar
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Just add that if the bull trap isn't complete we might go up to around 1000 before coming down
Kommentar
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In my opinion the correction is still ongoing, but I am constantly re-evaluating my position. A bull trap is likely after which the downtrend would begin again. If not its moon beams all the way ;)
thanks man yep timing impossible
but i believe it will happen
i'm guessing 500-1000
1 day to 1 month
And presuming we see circa 500 before 4 figures
TRADE AT YOUR OWN RISK PEOPS
juryman
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My nervous are shot ! How could anyone make a wise decision on ETH / USD The up and down is ridiculous. You can not make a good decision to sell or buy. And many experts are confused themselves.
juryman
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Why is ETH/USD constantly goes up and down. I read that it will become a bear market but it does not seem anytime soon.
RealMcafee
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@juryman, Sorry if you already know this: it's a currency pair so price fluctuations are really normal, it's just a result of trading because every buyer or seller always tries to get the best price. The fluctuations scale over different time frames, so the small fluctuations you see on minute charts can become very big fluctuations over days, weeks, months etc. These fluctuations are normally not really balanced. Sometimes buyers win a market and drive the price up, this is a bull market, other times it's the sellers that defeat the buyers and push the price down, this is a bear market. Right now we have been in a transition phase called a correction: we had a really big bull market in 2017 and now the price fluctuates strongly as sellers and buyers fight for the market. It is likely imo that sellers will win and the price will be driven down, this means that we will enter a bear market. Other people think that we are about to breakout, so they see things differently - that's just how it is. No one really knows.
However, if we do enter a bear market it can take a long time - maybe months to complete. I think that in the next days (week) we might have confirmation of a bear or bull market. Patience is the only thing I can advise.
juryman
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@barclayjames, Thank you for the information. I have been waiting that ETH / USD drop because I have sell trade. This is my last change to get some money back that I was scammed and lost it all.
RealMcafee
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@juryman, I understand. Corrections are difficult because there are always mixed signals. If you are going long-term and I mean months, then ETH is a good buy. The price will go up and down, but eventually it will go up. If you want to make returns quickly then I can't advise because I don't know ETH well on short-term.
Doc-al-Citadel
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cool so could be 1000-500, interesting cos this is my medium to longterm entry range. I think it's worth waiting...
but i believe it will happen
i'm guessing 500-1000
1 day to 1 month
And presuming we see circa 500 before 4 figures
TRADE AT YOUR OWN RISK PEOPS