Hi /biz/ I'm pretty new to crypto currency and/or stocks

>>1131374
ETH bubble exploded and price is now crashing

anyone who havent sold at 0.03 got cucked

Candles show buy sell amount, more sold is red more bought is green, trend shows value, bitcoin goes up ETH stays the same == down trend

>>1131395
>ETH bubble exploded and price is now crashing
And how is there so many buy in?
If it's crashed, it should go down in red, won't it?

>>1131400
It dosent have to go in red all the time someone is still buying but if you zoom out to few days graphs you can see that it's crashing

File: ETHER REDISTRIBUTION.png (424KB, 1568x573px) Image search: [Google]

424KB, 1568x573px

They are green because each candle closed with a higher price than it started with. The opening price of a candle is not dependent on the previous candle closing price because the price is sampled every few seconds. The price can change a lot in that short time.

contributing to this technical analysis thread:

This is the depth chart for ethereum at 2 different time points. (central time). It would be nice to collect these at a few more points to see whats happening.

Besides of that.

ETH pumped the price over 100% due to the news about Microsofts and azure.

But when Homestead's website is released today, the price somehow badly dropped, instead of rising, or at the very least holding the price.

This is abnormal.
There must be some reasons for the price going this way.
Besides of "muh bubble bursting" "Whale manipulation"

>>1131428
I am thinking the same way. I think it is strange that it isn't hitting the 2500K and it stays above 2200K.
I think the wales are manipulating the price for people to panic sell. Although I think by now most have already sold or are waiting for it to hit 2500K or people are going to panic sell when it goes below 2200K.

Price fluctuations right now are by crypto daytraders, not investors. Daytraders don't give a shit if the platform is a long term solution or if it will become a standard. They care about the price chart.

What will happen is that these guys will get squeezed out when real interest from casuals starts pouring in.

>>1131374
What does this mean for the future price value?

It doesn't mean anything at all. The price can go up, side to side, loop-d-loop-- it doesn't fucking matter.

>>1132310
>What does this mean for the future price value?

I never said future price value.
I said, what's the chart in the picture mean??

if you can't be bothered to analyse a chart that already happened.
You might as well go troll at some other threads.

Anyway, in the newest chart, it seems there's no buy/sell at all.
Does this mean people had lost interested in it, in either panic selling / panic buying?

>>1132880
Well, volume is low because of the time of day/day of the week/week of the month.

Some news may arise tomorrow GMT ETH is based in Europe. Or a fall in bitcoin price could spark more diversification.

Trying to trade on TA for something like this is retarded because one whale could pump a huge green bar on to the chart and all that shit goes out of the window. If you believe in the fundamentals of ETH just buy and hold.

>>1132887
>one whale could pump a huge green bar on to the chart and all that shit goes out of the window.
Or dump a red bar. Its arbitrary.

File: ku-medium.jpg (29KB, 320x246px) Image search: [Google]

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So wait do you just need the wallet now to mine? You dont need to download aleth separately?

>>1132889
But less likely because ETH is at the start of a bull market.

>>1132893
The only way to efficiently mine is to use the program: ethminer and have a good gpu

>>1132899
Eh.