Accumulate on the 28€ support. If we fall below entry on recent ATH Metropolis release is in arround 3-6 month (consider devs never release their stuff in time) Also let´s see the price action once raiden network is online.
30k ETH supply every day. miners are happy with this prices. The 40€ support will not hold much longer
Komentar
btcgene
⋅
ethbtc pair long is closed based on my aglo, though etheur pair is till long. it might go down, but i would not be comfortable shorting it yet. well, you play shorter trends, so might be ok
Pato99
⋅
@ethbug, imo it is not wise to listen to algos only. There is no reason to hold this level without new fundamentals. We made HUGE profit with this coin, and i don´t want to lose them when we face down. So let´s check back until some major news in 1,2,3 months. We have a good history on what happens to ETH when it topped.
btcgene
⋅
@Pato99, i agree, only algo is not wise. i took my profits, because when algo says close ethbtc long, this indicates that btc will perform better than eth. so i closed most of my longs. though btc and eth inverse relationship is still valid, so any sharp move down in btc might cause sharp move up for eth. which scares me from opening short on eth. so i am on sidelines waiting for long entry once price and fundamentals improve.
Pato99
⋅
@ethbug, yeah, long on a corrective wave is good also, but i would wait AT LEAST to buy 28€ +-.
this is a 1-3 month trade at least