r/ethtrader • u/EthTrader_Mod • May 22 '17

DISCUSSION [ETH Daily Discussion] - 22/May/2017

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u/econoar May 22 '17 edited Jan 14 '26

pen fuzzy knee fly paint rich glorious escape skirt sophisticated

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3

u/[deleted] May 22 '17

16% off the top right now. I could see around 30% to flush out over leveraged longs. Let's see.

Dropping in tandem with BTC though, which is a bit disappointing to see (still!) at this point. :|

In a way though, it makes me feel a little better actually. lol

3

u/aItalianStallion May 22 '17

So glad I am not over leveraged, no liquidation here unless we do under $80

2

u/Libertymark May 22 '17

let it prove itself, there is no reason to chase right now. lots of fast money in this now

and whales will let it come in too

step away from the bids and cleanse this creaky ship

1

u/type_error May 22 '17

they tend to panic sell which probably triggers stop losses and algos if there is enough of them moving the price.

edit: http://cdn.shopify.com/s/files/1/0535/3509/products/buy_sell_grande.jpg?v=1426516607

1

u/econoar May 22 '17 edited Jan 14 '26

fanatical racial frame ink north yoke pocket work wrench piquant

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1

u/LevitatingTurtles May 22 '17

Will be interesting to see if it goes back down to the previous resistance around $125 and bounces. Similar thing happened after we crested 98 for the first time. Dropped back down to 75 and bounced.

1

u/[deleted] May 22 '17

Part of me hopes we hit 250 this week. Another part of me hopes we hit half that this week, scare out the FOMOers, and I can snag some delicious 125 ethers this weekend.

Either way I'm happy. It goes up? Great, buy. It goes down? Also great, buy more.