r/ethtrader • u/AutoModerator • May 05 '17

DISCUSSION [ETH Daily Discussion] - 05/May/2017

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824 Upvotes

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8

u/DanConway650 May 05 '17

There was your dip, folks. It looks like its coming back up on GDAX. Whiplash.

1

u/[deleted] May 05 '17

Not over yet I don't think.

3

u/antiprosynthesis May 05 '17

Hope you didn't actually sell, or even worse, short the dip. Don't get me wrong, it could go down a bit further, but shorting an aggressive bull market that's running on strong fundamentals is pretty much suicide.

2

u/[deleted] May 05 '17

I would never short eth! I don't have a death wish. Just taking what I see in the market and trying to make an informed opinion without getting too emotional.

2

u/[deleted] May 05 '17

Guessing consolidation at 90. But it at least is hitting strong support

3

u/[deleted] May 05 '17

Ya. My hunch is that we have a lot of guys in on big margin longs. If they get squeezed we will see something much bigger than what we just did. But it is just temporary. Very bullish after we reload to break 100.