from the logarithmic chart there is a clear channel of where ether was headed, and then it exploded, and was unsustainable.
the resistance indicated at the $160 mark from may and june show that its possibly the area where ether will stabilize.
bitcoin's hard fork will keep the price a bit higher due to people wanting to save their money, but in the long run, the bear market will continue.
Im holding bitcoin until ether hits $160. then i'll check which channel it decides to stay in, and make my decision based on that.
any thoughts are appreciated, good luck.
the resistance indicated at the $160 mark from may and june show that its possibly the area where ether will stabilize.
bitcoin's hard fork will keep the price a bit higher due to people wanting to save their money, but in the long run, the bear market will continue.
Im holding bitcoin until ether hits $160. then i'll check which channel it decides to stay in, and make my decision based on that.
any thoughts are appreciated, good luck.
Note
august 1st bitcoin hardfork:ether shot up, but hasn't really "broke out" of the channel, on the logarithmic chart, so i still believe that the bear market will continue.
it can go anywhere though.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.