Rebounce or Falling down for Happy New Golden Pig Year?
Mis à jour
The Ethereum price backtest support and kiss Long term downtrend channel upper Neckline at 102.68 on 29th Jan, 2019.
It breakdown our previous defined "critical level" price zone.
Major fall is coming from
1. Lunar New Year Hardcash requirement(Sell digital currency, and get hardcash currency) for Happy New Year Red Envelop.
2. Cross trading between Bitcoin and Ethereum, i.e. buy Bitcoin, and sell Ethereum.
*Lunar New Year Holiday
=> New Golden Pig Year Holiday period this year: 1st, Feb, 2019 to 10th, Feb, 2019.
Let's see will Ethereum Rebounce or Falling down continuously?
--If price can close above 111.5, maybe will rebounce for the Golden Pig New Year Holiday.
--If price close below 98-100 psychological level, maybe will Falling down continuously to test previous low(80).
Our longterm attitude is bullish bias and we go Long already.
It breakdown our previous defined "critical level" price zone.
Major fall is coming from
1. Lunar New Year Hardcash requirement(Sell digital currency, and get hardcash currency) for Happy New Year Red Envelop.
2. Cross trading between Bitcoin and Ethereum, i.e. buy Bitcoin, and sell Ethereum.
*Lunar New Year Holiday
=> New Golden Pig Year Holiday period this year: 1st, Feb, 2019 to 10th, Feb, 2019.
Let's see will Ethereum Rebounce or Falling down continuously?
--If price can close above 111.5, maybe will rebounce for the Golden Pig New Year Holiday.
--If price close below 98-100 psychological level, maybe will Falling down continuously to test previous low(80).
Our longterm attitude is bullish bias and we go Long already.
Note
Look likes bottom out of Selling Ethereum and Buying Bitcoin.
Now seems the Giant Fund Managers are starting to buy Ethereum and Sell Bitcoin.
And here might be the proof:
Ethereum price going up speed is faster than Bitcoin recently.
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