I think there's a name for the trend that's going on in crypto right now, and that name is inverted dead cat bounce.
You can google the term, surely there's a youtube or dtube expert who's going to better explain what exactly that is, but given news out of China I think it would take quite a bit for things to turn around.
On top of that there seems to be a little bit of negative sentiment concerning the hardfork too.
Right now on Coinbase Ethereum can be bought at $264, and recently it's seen as low as $212.
Unless some big news comes out I don't think I'd consider buying back in anywhere above $150 and even then I'd love to see it around $100 or less.
What do you guys think? Am I too doom and gloom here?
Tip your DJ!
BTC: 1Fd6poiwRNWUy1fQ1pgRLKJpA8s6NQm8TX
ETH: 0x349d08dDA08b1F6FE7E794a02e469Da27cfea0e3
LTC: LUviuMXWUEBPgng1vsNsVVwBGgqChbCCJs
DOGE: DLfgTF9MYYL6VqUCMNrMgTEiL2AkjqAASt
Yeah you're good. You should follow @marketreport!
I don't think cryptos will dip too much lower. But the world is supposed to end tomorrow so I'm just going to grab some popcorn......
I know China was a major player in all of this, and I also think anyone heavily vested in crypto wont post negatively about it. The same goes for the stock market, it's overvalued and most analysts will still say buy it can only go up. That's not how an economic cycle works. If I knew a decent way to short ether I would right now.
You can. Get into the DEX, Bitshares (cofounder @officialfuzzy). Check out CRYPTONOMEX and see if you can learn how to use these engines here:
https://tradegeniusacademy.com/shop/beginners-crypto-currency-lessons-1-4/
right on i'll be sure to check that out!
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