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Short

ETHEREUM APRIL UPDATE #3.01 (AS REQUESTED BY NALDO)

POLONIEX:ETHBTC   Ethereum / Bitcoin
300 12 6
The upside is limited to .0261 for now
DanRoth
8 months ago
No sure what I am looking at here.
+1 Reply
BuyBitcoins DanRoth
8 months ago
A short term correction before resuming downtrend.
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DanRoth BuyBitcoins
8 months ago
The second fib: what is that based on? I can't see the entire chart either.
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BuyBitcoins DanRoth
8 months ago
Based on the entire ((B)) wave
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DanRoth BuyBitcoins
8 months ago
Is this a 5min chart?
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BuyBitcoins DanRoth
8 months ago
15 min chart. You can zoom out if you press the "-" button on mouse hover over chart bottom center
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DanRoth BuyBitcoins
8 months ago
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.
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DanRoth BuyBitcoins
8 months ago
Oh thanks.
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DanRoth BuyBitcoins
8 months ago
What would justify such a hard crash? There is no bad news. Why do you think we dip below 0.0200?
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BuyBitcoins DanRoth
8 months ago
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
DanRoth BuyBitcoins
8 months ago
True enough. Leave this chart up. I want to revisit in a few weeks.
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BuyBitcoins DanRoth
8 months ago
Etherem April Update #3

This gives a better idea in the medium term
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