Possible outlook ETH/EURO - deeper dip then recovery?
Updated
ETH is currently hovering between 650 / 700 Euro as BTC struggles to break past $9000, possibly due to low volume and worry about a deeper dip. I feel that there will be a further climb before a final dip down to a new low (or at least re-test the low on the 6th Feb). From this low point it seems to me that the price will align with the pre-boom growth rate before climbing to a recovery.
I don't know if the price will bounce high and fast as bargain hunters re-enter the market, or if the recovery will be gradual over a course of months, but i'm confident HODLers should not panic. Personally I will HODL current stock and set BUY orders at potential low points during this period of volatility.
This is just my personal opinion, I could be wrong, but I look forward to seeing how this plays out.
I don't know if the price will bounce high and fast as bargain hunters re-enter the market, or if the recovery will be gradual over a course of months, but i'm confident HODLers should not panic. Personally I will HODL current stock and set BUY orders at potential low points during this period of volatility.
This is just my personal opinion, I could be wrong, but I look forward to seeing how this plays out.
Note
So far this seems to be playing out as expected. Resistance met, and now it seems we are entering the drop. Over the next week or two, we could see a new low...hold on tight.Note
Still on track for a lower dip. So much sideways action its getting boring. I personally think we are heading to 5k ish BTC.Note
Ok its worse than I thought. Strap in people, I think we are going down! Don't worry, it will be back :)Note
Ok this played out as expected...so far
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