My outlook has changed since my last post, lol. Now I am thinking we might even go under .007 and see some of his fellow agents, perhaps .006 or even .005. If this happens I can get into my 1500 position from my earlier sale, which I would be happy with at this point. Then it is simply a matter of waiting until the PoS phase to see if Eth ever amounts to anything.
Don't think we'll go under the consolidation area in the .006 range personally. At least not with this leg down. At times like these it always looks like it's going to fall off a cliff, but panic buying is just around the corner.
Maybe, I have been buying small amounts here and there to try and re-establish my position, but I am still waiting for the big buy under .007, probably closer to .006.
I have been trying to play the waves today, but the oscillations between peak and trough are getting to small to reliably trade against. This may be a sign of getting close to bottom for now.
The price is less volatile now. There is a quite firm trend to go down. It is difficult to do range trading now.
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