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

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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 continue to track this data and keep you informed.

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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 .
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