I think there's a name for the trend that's going on in crypto right now, and that name is inverted dead cat bounce.
You can google the term, surely there's a youtube or dtube expert who's going to better explain what exactly that is, but given news out of China I think it would take quite a bit for things to turn around.
On top of that there seems to be a little bit of negative sentiment concerning the hardfork too.
Right now on Coinbase Ethereum can be bought at $264, and recently it's seen as low as $212.
Unless some big news comes out I don't think I'd consider buying back in anywhere above $150 and even then I'd love to see it around $100 or less.
What do you guys think? Am I too doom and gloom here?
Tip your DJ!
BTC: 1Fd6poiwRNWUy1fQ1pgRLKJpA8s6NQm8TX
ETH: 0x349d08dDA08b1F6FE7E794a02e469Da27cfea0e3
LTC: LUviuMXWUEBPgng1vsNsVVwBGgqChbCCJs
DOGE: DLfgTF9MYYL6VqUCMNrMgTEiL2AkjqAASt