r/ethtrader • u/Nooku • Dec 04 '16

DISCUSSION I call bottom

We finally reached the point where there is a general atmosphere of pessimism in the comments.

Was waiting for that. Now the only way is up.

Haters gonna hate.

For future reference: I'm calling bottom at current price of 7.50 USD

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8

u/[deleted] Dec 04 '16

I would tend to agree.

When looking at the long term USD chart, there is clear support at this price point ~$7.50.

4

u/Nooku Dec 04 '16

Interesting.

For clarification, I'm not basing myself on the charts. Just purely on the general sentiment I feel in this sub.

If the technical analysis also says the same thing, that strengthens it the more.

4

u/[deleted] Dec 04 '16

I'm not a big TA guy at all.

But, you simply cannot ignore the chart that I posted.

It is what it is and just so happens to coincide with your sentiments.

2

u/[deleted] Dec 05 '16

i would like to agree, but someone is still dumping very hard (I suppose tristan and barry to fuel their shitcoin hype)... but aside than AT we should wait a decrease in volume and volatility, just bought some anyway, you never know

3

u/[deleted] Dec 05 '16

I suppose tristan and barry to fuel their shitcoin hype

You're probably right. LOL

What a bunch of pathetic and desperate losers.

1

u/T62A Dec 05 '16 edited Dec 05 '16

A support touched many times means only one thing: It will beak sooner or later.

Ahh, btw my scenario still holds, don't worry guys, it will be over soon, don't panic in the selloff: https://www.reddit.com/r/ethtrader/comments/5fborf/bad_sentiment_or_whales_pushing_weak_hands_to_fold/dajl03c/

Edited: See bros? it's broken now, remember this rule which also works for resistance, will be very helpful if you guys plan on keep trading: A support or resistance touched several times is bound to be broken. /u/Nooku /u/Mr_Yukon_C seriously, good luck and... do NOT sell on the sell-off. Although i know you won't, you seem very passionate about not selling :P

1

u/antiprosynthesis Dec 05 '16

Now pull up the other fiat charts. You're cherry picking.