Ethereum Blockchain price finally hit bottom. Now what?

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  • Thu, Mar 07, 2019 - 12:18am

    #21

    New_Life

    Status Bronze Member (Offline)

    Joined: Apr 18 2011

    Posts: 191

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    Still waiting for that $3k retest

BTC Price action is holding up for now, but plenty of resistance above us in the low $4k’s

Still expecting another trip south to test $3k, if that area holds again we could have sideways for a while (months) in this range.

If it doesn’t hold, then we get the capitulation wick, sub $3k that I’m still hoping for to signal the end of the longest bear market in Crypto history.

But it could still take us months from here to get above $6k, if the Ponzi is to reload before the next halving, you can be sure bigger players will want to wash as much retail out as possible before taking us higher.

If you’re interested further in how this is done, I suggest reviewing Wyckoff distribution/accumulation, there’s been evidence of it throughout 2018.

Also here’s a piece on halving…
https://www.coindesk.com/litecoins-halving-is-months-away-but-traders-ma…

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