You are viewing a single comment's thread from:RE: Major key support is brokenView the full contextView the direct parentsrezz (48)in #cryptocurrency • 7 years ago (edited)As a matter of fact the very first time I tried to warn people of what is in the making on one of the most popular perma bull's blog here, on steemit, 25 days ago.
@srezz the fact that the fall is so sharp does it mean that there is a possiblility for a faster recovery?
Cause for Eth for example it seems that the 880ish support is already broken.
I don't think so. Because it is rather a reaction on the sharp growth. If we use history as a guide it took long 10 months of flat market in 2015 before beginning to recover from the previous drop of the similar magnitude.
There hasn’t even been anything close to a decent bounce yet. Would you be expecting one around that 0.618 fib?
yes
@srezz I salute u!
And once again thank u very much for all the knowledge sharing! For the past year or so I learned so much with u as a guide.