MutexLock1

ETH will not last long

Short
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Based on volume /price relationship I believe ETH will invert and enter a shot-term downtrend.
Comment: Holy shit, I hope I understand volume indicator the right way.
Comment: Okay, this chart is a clusterfuck
Comment: Or?...
Comment: Price, Volume and RSI seem to agree with each other... My guess is that we're heading east.
Comment: Looks like a perfect time to begin ascending.

Comments

Very nice prediction! How long do you think it will go now that it reached the support zone and it's going back up. Also, on your volume Osc. why do you choose 5, 10 instead of the 12, 26?
+1 Reply
MutexLock1 alfredo33
@alfredo33, thank you! But I'm sure I was just lucky, I'm very green. I learned about volume oscillator yesterday and didn't have a clue abut the possibility to select ranges :D I will try to analyze it further and make another chart, can't tell for now.
Reply
MutexLock1 alfredo33
@alfredo33, RSI says it's oversold, and volume is more or less stabilized, I think ETH will keep moving with the trend. It's too volatile now... Maybe it will stagnate and go east... I can't come up with anything meaningful right now, I'll continue my research.
Reply
alfredo33 MutexLock1
@MutexLock, I think it will go back up but it seems to have good resistance around 315 so it might be a good place to sell. We'll see, good luck!
+1 Reply
MutexLock1 alfredo33
@alfredo33, no luck for me, I shorted it yesterday like imbecille :D
Reply
thx. r u still expecting correction to 280ish?
+1 Reply
MutexLock1 jkldasjdlkahshq3232323qjlk
@jkldasjdlkahshq3232323qjlk, too late now, I suppose
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The price isn't too high :)
Reply
MutexLock1 UncannyDeduction
@UncannyDeduction, it still went down
Reply
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