Would you explain the graph? I see descending values, but what are those lines?
Discussion
The price of ETH against BTC and its continuing the trait it’s had ever since it moved to PoS, of losing value against BTC
Yes, I'm aware. I got out of ETH and became a maximalist as soon as I understood the difference; ie as soon as I understood the fallacy of PoS. But I asking why are these particular lines significant? What do they indicate?
Oh, you talking about the blue lines? It’s called a ‘falling wedge’. I thought you were referring to the price candles. 🕯️
Okay, two questions.
What happens when the wedges terminates at the pinnacle?
What is the rising line?
1) Something, lol
2) Previous symmetrical triangle that it broke down from.
It’s not important. The summary of all lines is:
ETH 📉
That I can agree with.. I'm so glad I sold it all back then when.. I think for 0.06+ BTC each.. I keep following whenever I want to feel good about a decision