Finally, we found a direction. It's not what probably most would like to see but at least we have certainty. ETH is moving to 34 weeks WMA (white dotted) currently sitting @ $215 where I expect it to bounce from pretty strongly.
https://www.mql5.com/en/charts/7613127/ethusd-d1-fxopen-investments-inc
We are at a point where there is a possible big drop in cryptocurrencies in general.
ETH back to $200? BTC back to $3000? Both possible.
Thanks for sharing this.
@originalworks
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It is what it is... what we would like to see doesn't matter. Thanks for the update!
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And due to the correlation, if BTC bounces back from the 89 DWMA, then ETH may well bounce back with it before reaching the 34 weeks WMA. But if BTC continues to the ~$3300 range, then ETH will also very likely go to ~$215.
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Thanks Srezz.
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Thanks srezz..What does WMA stand for?
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WMA - Weekly Moving Average
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Weighted Moving Average. It can be weekly, daily etc.
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Right now it is at $268, It will slide till $215 and then strong bounce. If I understand it right
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Correct. More liquid exchanges than my data feed $5-7 higher, - $220-222
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yes , very easy to understand..
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Hey srezz - gofusion2 here from cryptocompare. Thanks man - i just found you over here. Thanks for your TA !!
Oh yeah - what's a time frame on the fulfillment of these bottoms to the best of your knowledge? I see you have a 7-12 day target for one of the coins. Is that so for ETH?
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All daily charts work on 7 to 12 days cycle.
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you tha man, thx srezz
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Thank you, srezz.
If we see a strong rebound at $ 215, Can you tell me where(
Approximate price) to rebound?
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back to 13 weeks WMA
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Hey Srezz, I hope you are doing all well. I understand and respect that you don't give buy and sell calls but a yes to buy from your side regarding this will give me a morale booster to buy
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When I say that I don't give buy/ sell advises I mean it. Full stop.
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Sorry srezz, but What is the 13 weeks WMA meaning?
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Read my comments. I can't go for the same shit over and over again.
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I see.
I am not familiar with charts and English.
I am trying now. I ask for your understanding. Thank you, srezz.
I think that the 13 weeks WMA is yellow line.
And The yellow line is thought to be at about $ 307.
I asked because I thought my idea of $ 307 was wrong.
Is it right?
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thanks srezz for your valuable input
has it bounced from 221 ?
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In my point of view i think that we will see a bounce to roughly 260,then i got no idea where we are heading at all.
Chinas fuel is almost out ,bitfinex it is not subject to the recent PBOC ban.Clear sky ??
I would love to hear what @srezz thinks .
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