Kidding, always buy the dip!
A slight disturbance in the force this morning resulting in a dip of about 15% going back to yesterdays high of 1,720.
Watching the price tumble and some USDT sitting on the sidelines I'm looking for the bottom, and was thinking either 1,500 or 1,430. Both areas with some obvious support.
CME Futures Tomorrow
Not going to lie that I'm a bit nervous of buy this ETH dip with the futures coming tomorrow.
In past experience markets have ben met with a dip, so the question I'm asking myself is.... was this dip a preview of things to come, or was this a move so an institution can load a bag.
I bit the bullet and bought ETH in the area of 1,550.
There's probably going to be other coins with more volatility that will bounce back with a larger percentage but I dont have a crystal ball.
I shopped the list but came back to trusty old ETH.
The plan today is to lock in some profit from this dip then probably go to USDT ahead of Mondays turbulence.
ETH Consolidation Time?
ETH has done great with it's rise to new ATH around 1,700, a thing of beauty. Looks like it needs to rest after that nice push..
My guess is a two week consolidation period with price breaking up sometime around Feb 20, 21, 22nd give or take.
Could totally be wrong, markets have been red hot, so there's a chance once CME news is digested a new fire is lit with 2k in sight.
Wishing you a profitable day of trading.
Ciao for now,
@agr8buzz