POLONIEX:ETHBTC   Ethereum / Bitcoin
301 12 6
The upside is limited to .0261 for now
No sure what I am looking at here.
+1 Reply
A short term correction before resuming downtrend.
DanRoth BuyBitcoins
The second fib: what is that based on? I can't see the entire chart either.
Based on the entire ((B)) wave
DanRoth BuyBitcoins
Is this a 5min chart?
15 min chart. You can zoom out if you press the "-" button on mouse hover over chart bottom center
DanRoth BuyBitcoins
I see a green line at the end, after 11:00 on the 10th. Where does that go? I can only slide the scale, btw. I cannot zoom out on a published idea like I could with a chart with which I am working.
DanRoth BuyBitcoins
Oh thanks.
DanRoth BuyBitcoins
What would justify such a hard crash? There is no bad news. Why do you think we dip below 0.0200?
In a uptrend, good news make the price go much faster, bad news does nothing.
In a downtrend, bad news make the price go down faster, good news does nothing.

We have good news and the price did not do anything. People are sitting on mountain of profits that need liquidity to get out. The mainstream media more or less picked up the news so the distribution can happen. Everyone who wanted to buy eth (I'm speaking about the BTC community) already has or does not intend to.

But my main reason is my interpretation of TA.
+1 Reply
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