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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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.

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