Is $400 possible for ETH? I think so! Given how extended the current wave v (white) is, $420 or more could be priced. However, let's look at the waves. After five waves, what happens? A three wave corrective retrace as shown by the abc (red). Could this coincide with the Bitcoin top? I wouldn't be surprised.
NOTE: The caveat to any bullish posts is that BTC topping needs to be watched closely!
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
thx for sharing
We all know nothing goes straight up. It is good to warn people of pullbacks. Too many get caught in the euphoria of a rising market. While I am overly bullish on the crypto market in the next few years, I understand there will be pullbacks, some of the possibly rather large.
Always ladder in and out, not too much to worry about if you do!
Nice post
That's awesome. We are in a very nice bull market for alt coins at the moment. This always happens right before a huge BTC pump which turns the alts into a nightmare.
If you notice, coin after coin after coin is coming up with the same exact pattern almost (exact as a chart of millions of buy/sells can be)
Thank u
Would you say abc correction for BQX is done? Or just a hype because of the possible listing on binance?
Hi ennnzai,
here is the BQX update, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/bitquence-bqx-update-is-the-abc-correction-done-find-out-in-this-blog
Haejin...Good morning from Connecticut. Looking at your prior BTC chart, I can't figure out what the possible top price could be. 5000 5200 I can't figure it out could you please tell me.
I have at around $5,175 or so. However, the highest rung in my profit sell ladder is $6,300. In other words, I have no idea where the exact top will be nor will I try to pinpoint it, but I know it's approaching.
Hahahaha! So modest! While he won't pinpoint it, he always suggests using ladder rungs to get in and out of positions.....but at the same time, I just saw some numbers typed out from haejin......at the very least, write those exact numbers down and keep a close eye!