I've been watching the charts for the past couple hours. Buy volume seems to be decreasing. Sell volume is going up. Notice that upper resistance line. each time the candles break out of a wedge, they go down, but then back up to the support. This past hour, it did not quite meet that support, and has now broken down through through my triangle.
I expect it to go down quite a bit for the next several hours. Can anyone else into TA confirm or deny if that is correct? I still consider myself quite new to this.
David Diaz
It's dipping right now
Dylan Allen
Still an uptrend. Be patient FFS. If it gets below .130 you may panic.
Jayden Sullivan
Is a previous low?
Asher Cook
>TA Postnatally abort yourself.
Jace Evans
*that
Noah Evans
24H. Looking at the chart right now I'd say a new ATH is more likely than a dip below .128 in the next hours. Simply because it is going up.
William Edwards
Guess where alll the money will flow back?
Thomas Martinez
I just bought the dip so I hope you're right.
Nicholas Martinez
Isn't most technical analysis based on charts gobbledygook? You can claim anything after the fact, and even if you happen to draw a line in the right place, surely its mostly luck if you just so happen to predict a trend?
Jason Brooks
$400 will be the new normal this week $500 by next week
Benjamin Miller
Fug I bought the dip too early.
Isaiah Williams
Why don't you people ever wait for it to settle?
Aiden Hall
settleing happens for an hour. this is a complete new market, different than wall street.
Dominic Murphy
It has settled on a steady course to the moon.
Jaxon Peterson
I probably should wait. It's just too often I see it bounce right back up in a matter of seconds.
Robert Ortiz
>most all of it is bullshit. flipping a coin will get the same results over time.
also, this asshole is saying "quite a bit" as if that means anything. you can safely call any deviation as positive or negative if you look at the most recent trades. notice how the only real signal for people to sell is that there has been growth over time, but 100% of the people who were predicting a big drop for the last 2 weeks were dead wrong until yesterday, and even that didn't really go anywhere.
James Thomas
this
there is no settling period in cryto
Benjamin Edwards
Never try to short ETH based on your own uncertainty
Henry Evans
Don't be so fucking ignorant. TA gives you insight that flipping a quarter won't give you. It's not always right, but you clearly don't understand it.
Eli Jenkins
I didn't short it. I bought ETH. I have more ETH than I did before but could have had more if I waited.
Hunter Long
1. TA is not a defined system. you can't prove in any way that it provides "insight," every algo and trader has a unique approach to every trend.
2. it may be advantageous in rare cases to look at big trades and volume, but you're never going to be smarter than the coin flip. you're never going to know where the shit will land, and you are never in your lifetime going to have consistency to any respectable error margin. what it comes down to is really just spending more time looking at the trends and having the advantage of trading quickly and more often. for a young cunt, that's good enough. but your analysis of ETH or any stock should only take a few seconds and doesn't warrant a real discussion. the very fact that you open the discussion means you get jack fucking shit value out of it. i did an "analysis" last night by saying a bunch of people will sell around 400 because that makes sense, wow they did i am a genius trader.