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Title: Basic chart analysis: These two charts suggest the price is about to rise. Why? Post by: americanpegasus on May 13, 2015, 01:05:15 PM Let's test your chart reading abilities.
These two charts show that we are about to see the price jump from $244 to at least $247, possibly a little higher in the next 24 to 48 hours. Why? http://imgur.com/HDNdw4M,5VjkTVN https://i.imgur.com/HDNdw4M.jpg https://i.imgur.com/5VjkTVN.jpg Holy shit, those came out way bigger than I wanted. How do I reduce the size of pictures? Sorry. Title: Re: Basic chart analysis: These two charts suggest the price is about to rise. Why? Post by: Torque on May 13, 2015, 01:07:45 PM I see a rising price on falling volume. IMO, not usually a great signal.
Title: Re: Basic chart analysis: These two charts suggest the price is about to rise. Why? Post by: americanpegasus on May 13, 2015, 01:11:06 PM I see a rising price on falling volume. IMO, not usually a great signal. You're only looking at what you can see. Look deeper. The volume will soon increase and we will see a large chunk of coins bought on the ask. |
