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RE: Ethereum TA discussion: Bollinger bands tightening! Due for a breakout (or break-down)?

in #trading7 years ago

Conflicting signals from different timeframes always tend to annoy me ;-) Interesting post my friend, I would say 18percent compared to 14 means we should at least hold our ether (no advice of course)...

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But of course, that depends on how much probability you assign to each outcome in your own mind😄

When I made the post I was probably over 50% leaning to the upward case - but by a day later when new data had appeared on the chart, I changed my bias to be more negative, and sold around the $225 level. This was mainly based on the 'shape' of the curve - it seemed to be accelerating downwards!

P.S. it's very unusual for all timeframes to show the same bias in my experience, but i generally find the longer timescales win out in the end🤣;)

I didnt sell unfortunately, but then again I am holding long-term so it should be fine one day...

I believe in the potential of ethereum, and wish you good luck.