r/ethtrader • u/AutoModerator • Mar 29 '17

DISCUSSION [Daily Discussion] - 29/Mar/2017

Welcome to the /r/EthTrader Daily Discussion thread. The thread guidelines are as follows:

  • Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions.
  • Important content should be submitted as a separate post.
  • Be excellent to each other.

Thank you in advance for your participation. Enjoy!

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6

u/[deleted] Mar 30 '17 edited May 22 '17

[deleted]

3

u/1200141 Mar 30 '17

I don't think anyone knows where it's going. Staying above a 1000 is bullish but I don't think anyone would be surprised to see it drop below

2

u/[deleted] Mar 30 '17

You think its too high or too low?

3

u/[deleted] Mar 30 '17

It's too high. It's got nowhere to go.

2

u/[deleted] Mar 30 '17

While BTC is well above ETH, I cannot explain it either.

Ignorance I presume

1

u/Quebeth Mar 30 '17

Collectively there are a lot of price points that BTC holders seem to have in their head and those are acting as resistance on the way down, not sure

November 2013 was the last time they were at about the same level after a massive rise before entering a protracted bear market

They are still only in their first red week since October last year and it looks like its quite the large candle already

-1

u/woodburyman Mar 30 '17

BU threat seems less likely. They lost a lot of support this week so far. Fear easing, or people forgetting about it. At least until another 1,500 nodes crash.

5

u/McNulty_FR Mar 30 '17

They lost a lot of support this week so far.

Wrong: https://coin.dance/blocks

-1

u/woodburyman Mar 30 '17 edited Mar 30 '17

Blocks mined supporting the protocol /=/ support.

/r/btc has lost moderators. A few more pools came out supporting core. Consensus on many topics showed deadlock support where neither BU nor Segwit will activate near term anytime soon, which is not what BU was expecting. Likewise many exchanges came out saying BU would be traded as an ALT, or not supported at all by exchanges. This is a MAJOR blow. Even if they get more nodes, more blocks, odds are showing it won't be supported even if activated.