$115 is probably more like it. This is all contrived by the big boys...they can usually steal the money and manipulate the market. Which they are doong to a certain extent but im emboldened by the fact that the big boys want their piece and the only way they can buy in with a big enough stake is to lower the price. So if we all cam live without fear we cam also buy in ay reduced costs
I don't use arbitrary numbers. All my targets have been derived from volatility.
Thanks. Can you provide any more info or lonks or diagrams....Im more so a feel investor But I recognize my need to trust raw data. Any advice you have on being abke to predict or forsee the market is appreciated.
A strong bounce off 89 weeks WMA (currently @ $109) is highly likely. But from the implied volatility point of view, it doesn't look like it's the final destination.
@srezz just to be clear you're saying that if certain conditions are met the price could fall to $50?
I've done it in English but let me try it in Chinese:
ETH看起來非常沉重，從34週WMA（白色）下跌的反彈非常弱，如果WMA不持有，而市場在4H基礎上收盤低於220美元，跌幅可能會持續至$ 50
Haha love that! You made me smile on this red day :)
LOL I didn't want to make the wrong assumption as I know very little about TA and the price of $50 seemed amazing low so the comment was more out of shock!
Comedy = up votes :)