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Message
re: Official CryptoTalk Thread
Posted on 6/27/17 at 12:24 pm to Deactived
Posted on 6/27/17 at 12:24 pm to Deactived
quote:
When do you think we hit bottom ?
For those wondering, this is exactly what a bubble bursting looks like...
Two months ago we were @ $50 for ETH. Two weeks ago we broke $400. Today we're at $225.
Honestly wouldn't be surprised if it tests the $100-$150 range again. The 90-day weighted moving average is roughly $210, so if it falls through that support, you're looking at $150 as the 90-day simple moving average.
Should be nice for long-term buyers, but the day trading is wearing off quite a bit. The regular Joe investors who were tuning in to help run it up to $400 aren't so keen to come back in when it is down 45% from the high in less than two weeks.
1
Posted on 6/27/17 at 1:18 pm to slackster
I don't think it's going to drop that far but we'll see.
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