I bought back in 3 days ago ... sold 2 days ago ... now I just bought back some again in last couple of hours (but I'm really not convinced about this one; so I might sell again on the 50% retrace, if it gets there!)
[actually part of me was hoping the whole market would just drop right down, and stay down ... and then i could take a holiday from day trading stuff for a while .. even if I'd be a lot poorer :P )
Yes indeed...it seemed to be a false hope... and turned out to be just a lower rounded top - which is definitely not a good sign. More reasons why I think we're in a down-trend:
On the 1 day chart (https://cryptowat.ch/kraken/etheur/1d), the exponential moving average indicators have crossed over decisively in the negative direction.
And you don't need a chart to know that 2 months ago everything was up 10x, but for the last month pretty much everything has been going down (with some crashes and bounce-backs in between)!
However, even with all the above inductors I think there is some chance imo that we could still get more of a sideways considation rather than crash/large drop. But only time will tell!
The market is not looking too bad today (right now) :)
I think I'll always have a slight negative bias influencing my thoughts which I should try to get rid of :) (Just because I was around when the previous bitcoin bubble deflated!)
everyone started to buying after that massive growth and when it started to fall down a little every one sold and this led to the Crash eventually and there after it has not stabled itself.
You got it completely right there :D
I bought back in 3 days ago ... sold 2 days ago ... now I just bought back some again in last couple of hours (but I'm really not convinced about this one; so I might sell again on the 50% retrace, if it gets there!)
[actually part of me was hoping the whole market would just drop right down, and stay down ... and then i could take a holiday from day trading stuff for a while .. even if I'd be a lot poorer :P )
Thanks for your comment :)
looking at the Trend it might go more Down there was a hope Recently when it touched 300$ mark but not again .. :(
Yes indeed...it seemed to be a false hope... and turned out to be just a lower rounded top - which is definitely not a good sign. More reasons why I think we're in a down-trend:
However, even with all the above inductors I think there is some chance imo that we could still get more of a sideways considation rather than crash/large drop. But only time will tell!
Very cool if your predictions will come true, wait, not sell :-)
Thanks :)
Although in that comment my prediction pretty much just adds up to saying 'I've got a bad feeling about this...' ;)
all we can do is now just Hope for the Best :)
The market is not looking too bad today (right now) :)
I think I'll always have a slight negative bias influencing my thoughts which I should try to get rid of :) (Just because I was around when the previous bitcoin bubble deflated!)
everyone started to buying after that massive growth and when it started to fall down a little every one sold and this led to the Crash eventually and there after it has not stabled itself.