Switch your chart to log scale...

8 Apr 2018

Have a look at this. Log scale makes this "breakout" look like a who cares break of the 50 ema. Seems like a dangling carrot sent over by the bears... We are still in the downward channel shown inside the blue lines. If we get above 7300, that might raise an eyebrow. Even then we are still way below the main downward trend line from the ATH shown in green. Just seems like the bears are trying to trap some silly bulls into buying so they have someone to buy their sells. I still think this market goes nowhere until we are below 6K. I'm a silly bull waiting to buy.... come on bears! Bait me in with some juicy sub 6K worms and I will bite!! And get ETH below $300 while you are at it, and we can have a big thanksgiving meal!!