Eth will need to touch the 1yr trend line at some point (it's healthy for the long term). I would back the truck up anywhere near $125 - $150 (blue box on chart). You will never see this price ever again. It will most likely happen at the end of July - early Aug. Look for massive volume when that day comes. Yes we could have a fake break out or a half ass run to test the high before we head back down. If this happens, it would only extend the time frame on the touch and increasing the target bounce price (175ish). Either way...
"When we hit 88mph....your going to see some serious shit"
yeah agree totally - Bitcoin will be more interesting here in my opinion.... just need some buying signal from one country (can be even rich small one) and we have some buying frency again. You should not underestimate that daily people come in and take bitcoins out on offline wallets to put in safes.
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Bitcoin is the main beast. I'll try and get a chart up for that. It's running slower on the correction. I think I had around 1300 target for it (with an even stronger long term trend to touch) before rocketing off to test the 3000 high. I just want to give the average joe a heads up before entering a long term position for 20 years.
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it is so hard to say on BTC in my eyes.... like you said - more and more people buy in long-term. I think there is a shortage coming way in front of next half reward (what is already in less than 3 years - lol).
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True. Another factor that Tech analysis can't take into account... is economical demand. But as long as the centralized financial market is kept on life support (federal reserve/plunge protection team)...The big money crypto players will carry out tech analysis and market correction is business as usual. Obviously if we get the 70% correction the stock market is over due for...then Crypto will explode to unbelievable highs overnight.
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yes i think so
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I agree. This can definetly happen and I think if current support levels are broken it will go down to the 100's. I think that's were ETH belongs to be honest
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I agree, Eth needs time to develop.
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