DOES <> ETHEREUM VOLUME <> PREDICT ETHEREUM PRICE ?
🐒 I have tracked the daily volume of Ethereum traded against altcoins on Bittrex and Poloniex since June 27 , 2017
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🐒 Notice the lower volume and the declining price correlation
GREEN LINE = ETH PRICE
BLUE LINE = VOLUME
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🐒 Watching for another Volume spike to really get a bull run going ( imho ) . CIRCLED ON THE CHART BELOW NOTICE THE VOLUME SPIKES AND ALSO NOTICE THE PRICE INCREASE ( green line ) SOON AFTER
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🐒 Watching for another Volume spike
Violet LINE = ETHEREUM VOLUME
🐒 Ethereum does not have a spike in volume yet but hopefully it will soon . I will be watching for when it happens and will keep track of this data and keep you informed.
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Looks like a good theory
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