Viewing a response to: @lbtyf/ethereum-amazing-concept-but-can-t-ignore-this-chart-that-has-me-avoiding-usdeth-usd
I dont really understand what you are trying to explain in your graph. Anything can happen with crypto currencies really. You should have seen the shoulder when DAO started rocking and when the hacking happened, ETH dropping by 7-8$ in a night. Anyways I like graphs ^^ upvote!
| author | chend |
|---|---|
| permlink | re-lbtyf-ethereum-amazing-concept-but-can-t-ignore-this-chart-that-has-me-avoiding-usdeth-usd-20160801t055920372z |
| category | ethereum |
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Hey @chend Thanks for the upvote! The graph shows a head and shoulders pattern which is very bearish meaning prices have a high probability of going down. (not probability not certainty). There is a method to determine the potential downside target on these patterns and those are shown on the chart. The bigger one actually calls for ETH to head to zero. The takeaway is if we get to $10 and below the probability of ETH going much lower increases a great deal. Hope that helps--any questions please ask--happy to claifry
| author | lbtyf |
|---|---|
| permlink | re-chend-re-lbtyf-ethereum-amazing-concept-but-can-t-ignore-this-chart-that-has-me-avoiding-usdeth-usd-20160801t123207874z |
| category | ethereum |
| json_metadata | {"tags":["ethereum"],"users":["chend"]} |
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