H_Woodrow

ETHEREUM GOING TO BLEED

Short
BITFINEX:ETHGBP   Ethereum / British Pound
Last few weeks have seen all crypto's bleeding.

Going into the back end of march we can still see this uncertainty. The price movements in the markets arise from the millions of people who interact with it each day. The human component of the market prevail, emotions and instincts interchangeably, cause volatility .

1. The 11/03 saw a decline of -49%. Almost half of the entire value of ETH was lost in 24 hours.

2. From 13/03 to 16/03 (3d 2h 30m) the price has been consistently fluctuating between £95-£109. From this two rectangles have been placed as areas of bullish or bearish . Breakouts from each area gives an indication of direction of movement and market sentiment.

3. White descending triangle . This is a bearish pattern . One line connects series of lower highs and second line connects series of lows.

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