DOES <> ETHEREUM VOLUME <> PREDICT ETHEREUM PRICE ?

in #ethereum6 years ago

🐒 I have tracked the daily volume of Ethereum traded against altcoins on Bittrex and Poloniex since June 27 , 2017

🐒

🐒 Notice the lower volume and the declining price correlation

GREEN LINE = ETH PRICE
BLUE LINE = VOLUME

🐒

🐒 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

🐒

🐒 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.

🐒

DISCLAIMER : This content is for informational, educational and research purposes only.
Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .
🐒

Sort:  

Looks like a good theory

To the question in your title, my Magic 8-Ball says:

Most likely

Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.

This user is on the @buildawhale blacklist for one or more of the following reasons:

  • Spam
  • Plagiarism
  • Scam or Fraud

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.033
BTC 64303.16
ETH 3137.29
USDT 1.00
SBD 3.97