Next Entry point for those looking to trade.... ETH 150eur is the next best entry... Don't sell and keep checking back to this point for the sell point. For best profits don't sell until next update as this is more than a 1 day trade ;P *** This is not financial advise *** Happy trading to all :)
I'm just learning TA, so I post these more to see how my ideas play out than inform anybody else's thinking. Please tell me if this sounds like a load of misinformed BS.
Looking for the next leg up to land in the €560-€570 range.
It all seems to currently be coming back to that magic number of 1.618 - the One line of this fib retrace is drawn from the support...
ETH is currently hovering between 650 / 700 Euro as BTC struggles to break past $9000, possibly due to low volume and worry about a deeper dip. I feel that there will be a further climb before a final dip down to a new low (or at least re-test the low on the 6th Feb). From this low point it seems to me that the price will align with the pre-boom growth rate before...
Not good for Cripto-traders today, I agree that the broken supports of today will take long time (aka 6 months ) before recovering bull impulse again.
Pluse that black ravens of the news are eating day by day the confidence of the bulls in trade.
Good luck to everyone :)