Hello traders, As you can see we have been tracking Ethereum for a while now. Its still trading sideways for the past month, however, it seems that the coin is forming a bearish flag (yet to break). As long as Ethereum is trading sideways, then we really can't suggest the next move unless it breakouts from this zone (either up or down).
So what are you thoughts on Ethereum, do you think the next movement will be a bullish or bearish?
Apart from trading aspects the charts always shows bullish <long> but hard to get hand on the short trades because market is still dependent on speculation.
1- First time all time couldn't resist because of BTC hardfork in July and so many weak hands. 400+
2- Second because of the china news. <$398>
3- Third was broke earlier because of BTC fork < $349 >
What next ?
Short
1- Once BTC fork is done, Ether will be the first one to go top of the line 70% more likely chances we've already seen it with previous fork.
2- In between if POS is implemented then it will be different story of all the way to bullish.
Long
- BTC fork will keep happening in the future, and Bitcoin already added to future but next commodity can only be Ether to be added to future at CME only if POS is successful <$1280>.
Interestingly buy the rumor and sell the news , we should have seen the major drop :-) I think the guy should be awarded the reward for the bug.
RyanFonseca
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Any updates on this? it seems to be breaking out at a good rate.
SailingParrot
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@RyanFonseca, @AAlFadhala, would like to see an update aswell :)
Let that B2X happen already (one way or another) so that trading conditions normalise. Currently everything is more of speculation. I expect bullish for all coins once after things settle down with B2X.
1- First time all time couldn't resist because of BTC hardfork in July and so many weak hands. 400+
2- Second because of the china news. <$398>
3- Third was broke earlier because of BTC fork < $349 >
What next ?
Short
1- Once BTC fork is done, Ether will be the first one to go top of the line 70% more likely chances we've already seen it with previous fork.
2- In between if POS is implemented then it will be different story of all the way to bullish.
Long
- BTC fork will keep happening in the future, and Bitcoin already added to future but next commodity can only be Ether to be added to future at CME only if POS is successful <$1280>.
Interestingly buy the rumor and sell the news , we should have seen the major drop :-) I think the guy should be awarded the reward for the bug.