woensdag 19 juli 2017

Ethereum Suddenly Crashes 20% Amid Chatter Of More ICO Fraud; But Goldman Sees Bitcoin Testing $3000

Two days ago we saw the first ICO fraud exposed (as CoinDash was hacked), and after a big rebound the last two days (as civil war seems to have been peacefully resolved with 80% of hashers reportedly accepting SegWit), Ether is suddenly crashing again as several tweets mention more (and larger) ICO hacks.
# Manuel Aráoz @maraoz Someone stole ~$32M (~153k ether) from three multisig wallets. More info and blog post coming soon.https://etherscan.io/0xb 
Positive news on the scaling deadline helped early but then ETH started to tumble...


Amid heavy volume and no clear catalyst...


# Ironically, Goldman is also out wth a new bullish note on Bitcoin; Bitcoin has reached/so far held notable support at 1,857-1,789. The area includes an ABC equality target off the June high as well as the 100-dma. The 100-dma has been particularly reliable in holding pullbacks since the late-’15 lows. Moreover, due the corrective nature of the pullback, this ABC target seems like a reasonable place to watch for signs of a turn. Additionally, daily momentum is nearing similar levels to where they previously based in March. All in all, the balance of signals appear to be shifting to a more positive tone.
From a wave count perspective, this entire retracement can be viewed as a counter-trend 4th wave in a V-wave advance that started in ’11. From this perspective, it’s either completed a full ABC or only the first A leg of a 3-3-3 type correction. Either way, this 1,856-1,790 area has potential to act as strong support. The first level to note above is gap resistance at 2,159...