biffbifford

Return to the mean -- No need to panic... YET!

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
This has been the typical trading pattern for ETH. I would worry if we fell under $200. This reversion to the mean over the past 3 weeks is easy to see with the volume profile . It will take new's to jump-start this crypto. I wrote why I thought this was happening in another post. Longs should be more pragmatic. The buyers have all dried up, but I do believe they will return and we will repeat the same pattern. I haven't posted a chart because there is nothing new to report. If the crypto rises a bit, the Longs come out with predictions of fortune. When it falls a bit the shorts predict doom. I see a trading pattern developing and as I mentioned in another post the possibility to trade this both ways.

Good Luck to you all!
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