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.
ノート
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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