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MutexLock1
Aug 9, 2017 2:57 AM

ETH will not last long Short

Ethereum / DollarBitfinex

Description

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
alfredo33
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?
MutexLock1
@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.
MutexLock1
@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.
alfredo33
@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!
MutexLock1
@alfredo33, no luck for me, I shorted it yesterday like imbecille :D
jkldasjdlkahshq3232323qjlk
thx. r u still expecting correction to 280ish?
MutexLock1
@jkldasjdlkahshq3232323qjlk, too late now, I suppose
UncannyDeduction
The price isn't too high :)
MutexLock1
@LogicalDeduction, it still went down
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