Recently Ethereum has a folk. Influenced by the news, the price of Ethereum keeps on rising. It has raised from 80 dollar to 150 dollar already.
The price of Ethereum now is floating at 150 dollar now. Many investors are wondering if it is suitable to buy ETH now or if it is right time to go short in the future market.
Here I would like to share my idea:
When the price rises, the volume becomes large, when the volume becomes small, the price moves sideways instead of falling. It fell to 145 dollar and then raised back.
I think the price will go sideways at 150 dollar for a while. If the price does not fall below 145 dollar, I think there is still enough room for Ethereum to rise. On the other hand, if the price goes below 145 dollar, I think it is time to sell Ethereum. We have to pay attention to the next action which the volume becomes very large. If the price rises with the volume becomes large, it is time to go long. If the price falls with the volume becomes large, it is time to go short.
The Constantinople is good news for Ethereum, but it can not last for a long time. It is still bear market. When the news is known by all the price does not rise rapidly, I think it is the time to fall.
Do not treat it as the sign of the bull market, and do not be too greedy. All trades which make profit are correct trades. Do not even want to buy at the lowest point and sell at the highest point. There is one thing to pay attention to, the price of Ethereum has double from the 80 dollar.
At last, I would like to introduce our project - Byte Open Network(BTON) to you. BTON is the first distributed cross-chain value exchange network (Lightning Network) which is already online. It is a leading blockchain project with the most advanced concepts and technologies, including but not limited to the most efficient consensus algorithm (BCP), the first cross-chain implementation (BCCP) for commercial applications, industrial-grade extendable side-chain implementation (BSCP) and identity protocol (BIDP).
We are looking for developers who want to develop excellent dApps. We also welcome blockchain and cryptocurrency fans to share every opinion with us.
You can find us on:
Website: bytetrade.io
Twitter: https://twitter.com/ByteTradeGlobal
Facebook: https://www.facebook.com/ByteTrade-Open-Network-2217885631763163/
Telegram: https://t.me/bton_global
Reddit: https://www.reddit.com/r/ByteTradeOpenNetwork/
Waiting for you.