Long term ETHUSD indicates a much lower price is likely

2019年1月12日

This weekly chart shows that the big drop last week is no big deal from a long term weekly basis. Of course it hurt a lot of traders and made the "evil" short traders a pile of money, For a significant turn around, the price has to move below last weeks panic low and have the RSI remain higher. High volume is a helpful indicator and if it comes with a "Key Reversal" I will go all in. The trend indicates to me that it will probably bottom between $7 and $15 this year.