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Just wanted to let you guys know that we're not out of the woods yet. Today's spike in price happened at an unsustainable speed. The meme triangle shows that we will converge at 246 before we head back higher. Now is a good time to sell and rebuy in the low/mid 200s
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It wont crash, I doubt it will surge beyond 320 though. at least for today.
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>>2650930
People are too high off the gains
They don't realize that no only is the price unsustainable, but we haven't even been hit by the multiple ICOs that have upwards of 50 Million to cash out.
And Coinbase hasn't refunded everyone yet, who's going to dump as soon as they can at a high price, which will cause another freefall
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>>2650930
>$420 high
>that fucking dip from a week ago
ETH is best meme
>>2650945
Is there any reasonable explanation for why the price went up like it did over the past few days, or is it just people buying the dip? I know it's not the usual BTC-induced fluctuations because the price even went up on Buttrex
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>>2650941
you think that 246 is unreasonable? I dont think its crashing today either. Probably in like 2 days.
>>2650991
price has been going up the past few days? Nah, just from yesterday morning. And it has been going up at such a rate that I refuse to believe it's just people buying the dip. It's up exactly 100 dollars per coin in 36 hours. I think it's being pumped by whales so they can dump at a higher price.
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>>2650991
potential bear trap, people may think its a guarantee $400 return which would explain the rate at which it went up, my guts telling me a red market tomorrow though and to start shorting.
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>>2651024
thats a bull trap you're describing amigo. It is a trap for all of the bulls who think it's breaking out to new highs but in reality is a false breakout.
Bear trap is people selling/shorting thinking it will go lower but it spikes instead
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>>2651040
yeah, my bad I always mix them up.
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>>2651046
same, i used to as well, till I thought about the name. It literally tells you in the name who is getting rekt kek
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It's breaking below both trendlines. This could be the beginning of a dump
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