Short of 2016!! Eth DAO refund coming !! 16 million Eth + !!
Volume has dropped drastically over last few weeks compared to average since eth broke out months back, we have been a Bear cycle for sometime but we are far from the Bottom, with the 18 million Eth refund imminent, panic selling is hard to avoid with panic selling which will result in a complete collapse of the price with DOA refunds trying to beat others to the orderbook. Everyone refunded will want to get to the orderbook first & sell at the top.
Bearish Fundamentals
1. General demand down due to security issues & negative sentiment
2. Hardfork / softfork debate - always a risk with forking
3. over 18 million Ethereum refund being made to disappointed / angry ICO investors
4. BTC holding well has support at current price, halving occurred
As the chart indicates double bottom is the minimum i expect but this could get really worst if Panic selling becomes FOMO selling with all refunds trying to cash out at the same time...
Target short - 0.012 - 0.01
Bearish Fundamentals
1. General demand down due to security issues & negative sentiment
2. Hardfork / softfork debate - always a risk with forking
3. over 18 million Ethereum refund being made to disappointed / angry ICO investors
4. BTC holding well has support at current price, halving occurred
As the chart indicates double bottom is the minimum i expect but this could get really worst if Panic selling becomes FOMO selling with all refunds trying to cash out at the same time...
Target short - 0.012 - 0.01
Kommentera:
there is 12 million + Eth being Refunded not 16 million.
Kommentera:
Kommentera:
Kommentera:
closed last night when it went above 1600 & took profits
will be shorting the top again,. harfork & refund getting closer..
will be shorting the top again,. harfork & refund getting closer..