Ethereum very volatile - page 8. | Bitcointalksearch.org

best2015

newbie

Activity: 31

Merit: 0

Quote from: FireBallex on February 04, 2020, 03:12:57 AM

Every big and small crypto coins are volatile, what many failed to do is taking profits when bitcoin and ETH are surging, you would have make some good money if you are busy with trading and selling high , its still too early to see a new ATH from ETH

Quite true even though it is very sad.
At this point you even short trade and watch out because as OP said ETH is volatile.
The second option is to make research and long invest in something you truly believe will be huge in several years

FireBallex

member

Activity: 462

Merit: 19

Every big and small crypto coins are volatile, what many failed to do is taking profits when bitcoin and ETH are surging, you would have make some good money if you are busy with trading and selling high , its still too early to see a new ATH from ETH

leea-1334

hero member

Activity: 2296

Merit: 953

Temporary forum vacation

Yes,,, I saw a few other people talking about the $195 sell order and the fact is a lot of people who bought below $100 will be looking to make double profits just at that area, so we have to wait for that order wall to fall down before we can see $200. And we will probably have a few retracements until then!

yazher

hero member

Activity: 2184

Merit: 585

You own the pen

It's been a while since we have seen ETH reach this high, for the past month it's having a hard time to get past the $200 mark. Let's just hope that this will continue until the end of this year. I missed those days when it's price reached $800 last 2018 and after that, I never witness such a high price again in 2019. I wonder if history repeats again after this sudden uptrend and I just thought of what if they released that Etherium 2.0 to continuously increase this current situation of the ETH price in the exchanges.

Coin_trader

copper member

Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

Quote from: Qcrypto on February 03, 2020, 02:27:41 PM

During the past 8 days Ethereum price went up by 22.5%, more so than usual.

Currently at $190 at the time of this post, and there is a huge SELL ORDER on Binance at $195.

IT already broke $195 mark yesterday but went no further.

Another factor is that it's been trading very heavily with Velocity reaching over 15%.

Is ETH ready to push through $200 or is price correction due to happen?
Thoughts?

Is the indicator in the picture is a Bollinger Bands?Anyways you can determine the volatility of a certain by using the Average True Range(ATR) indicator.
You can use it to determine the possible movement of the coin for that period of time (Depends on the time frame that you set).

As we can see on the graph:

Using Average True Range(ATR)(1D time frame):

ETH price is dancing on the price change of +-8$-9$ daily.

To determine if the price is overbought then you can combine it to Bollinger Band to determine the current condition of the price.

Using Bollinger Band(ATR)(1D time frame):

Conclusion:
Current ETH price is a bit on the roof of the channel which is a sign that it might decrease to the ATR (8-9$ more or less). It's safe to say that ETH might experience a major pull back unless
there will be strong support that will show @180-185$ level to backup the bulls.

Disclaimer: This is just my speculation and NOT a trading advice.

Balladtony77

member

Activity: 378

Merit: 15

As much as i like Ethereum project I still easily categorized it to other altcoins because this coin can't do things on its own, still all decision about huge pumps depends on Bitcoin, don't know what will happen after Staking feature get launched on ETH platform though but I don't expect anything too huge

mahilchii

member

Activity: 560

Merit: 13

Well, ETH is indeed very popular coin among alts I did few research on this and it looks like due to volatility in market this happened.

Volatile is not so easy anything can happen either it may go up or down asset is risky to hold that's it.

By the way I cant see any specific change in the market yes ETH may pump after some day it's a long-term asset mate. ETH crossing $200 is not a big surprise for if it goes.

Qcrypto

member

Activity: 339

Merit: 15

During the past 8 days Ethereum price went up by 22.5%, more so than usual.

Currently at $190 at the time of this post, and there is a huge SELL ORDER on Binance at $195.

IT already broke $195 mark yesterday but went no further.

Another factor is that it's been trading very heavily with Velocity reaching over 15%.

Is ETH ready to push through $200 or is price correction due to happen?
Thoughts?

Topic: Ethereum very volatile - page 8. (Read 916 times)