SUMMARY
Ethereum (ETH) is on a tear! Don't forget that ETH decisively breached above the a,b,c,d,e daily scale triangle. This is huge! I raised the target to $1,018 but that could just be a stepping stone!
Below is a very short term Elliott Wave count and projection. Trying jump in and out at this scale is silly...ride the larger trend!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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BTS Wallet - haejin1970
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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.**
ETH will be $4000 by end of August 2018
Hi Haejin,
It would be a lot better if you did all the TA on the BTC charts.
Our final prose is to make more money (dollars for now) and if the coins you propose are going down against BTC, then all of this is useless. The readers would be better off just holding BTC.
He often does both. There are reasons the charts are compared to USD, as that is a steady currency to place holdings in the case of a bear market. Many many readers have expressed their interest in the USD charts specifically. When they are different enough, he covers them both. Generally, if not, most pairings are heading to the same place with a slightly different path.
When BTC has a steady price that you can walk away from the markets and the blockchain and know exactly how much money you are carrying in your BTC wallet, and that won't change tomorrow, that's when it would be most appropriate to adopt a BTC comparison as your final go to.
It can go down against BTC, but BTC rises to 13000$ and ETH price would rise against USD. I think USD price is major to consider
If you look at % gains, ETH will be doing better than BTC. Currently I'm mostly on BCH which currently slightly less profitable than BTC for mining. A small but decisive rally should kick BCH to the moon. What I want to see the most is BTC ceasing to be the moon that drag the crypto world.
A somewhat stale BTC will be a great chance for Alt-coins to eat up BTC market share.
Interesting point about ETH. Could you elaborate? How can you tell that ETH will be outperforming BTC? It has been underperforming BTC for a very long time now.
A few people here seem to not be able to comprehend basic financial logic: When BTC is going up, TA should be done against BTC, this way you make sure to outperform BTC, thus dollar. On the opposite side, when BTC is going down, do TA against dollar, this way you outperform BTC too.
So much hate for an affirmation that will aid them in making more money. Why is that? Because I tried to help them?
Sorry that I said all of this on your comment, Vimukthi, but I remembered you from the old days.
What I'm saying is 15K BTC is only 50% gains while 1K ETH is way over 100% percent increase. So according to TA, ETH should be outperforming BTC which is a great thing.
I can't stand BTC being on top mainly for 2 reasons.
#1 It's a terrible piece of tech with terrible relative utility. There are people who hate VISA and MasterCard and embrace Bitcoin. I do the same embracing superior cryptos over Bitcoin. To me the success of Bitcoin is like the success of the Emoji Movie. I mean it's the 36th highest grossing movie of the year according to boxofficemojo.
#2 Bitcoin is dragging down unrelated products/services when it goes down. Think every tech company's stock value was tied to Apple because it's the leading tech company. What does Apple, Amazon and FB has to do with each other? Bitcoin doesn't allow other coins to stand on their own when it goes down.
I've stated that Bitcoin will end like the British Empire. Alt-coins will slowly eat up the market share of BTC. Personally I see a better future for BCH which is something I've supported: https://steemit.com/bitcoincash/@vimukthi/a-love-letter-from-dash-to-bitcoin-cash-and-roger-ver-my-venture-into-the-crypto-sphere
I also have problems regarding the Bitcoin devs and the community:~~~ embed:CryptoCurrency/comments/7cyz5m/confessions_of_a_core_supporter/?st=ja0a5qxi&sh=a80d949e reddit metadata:fENyeXB0b0N1cnJlbmN5fGh0dHBzOi8vd3d3LnJlZGRpdC5jb20vci9DcnlwdG9DdXJyZW5jeS9jb21tZW50cy83Y3l6NW0vY29uZmVzc2lvbnNfb2ZfYV9jb3JlX3N1cHBvcnRlci8/c3Q9amEwYTVxeGkmc2g9YTgwZDk0OWV8 ~~~
https://steemit.com/cryptocurrency/@vimukthi/lessons-from-dash-community-vs-pivx-how-to-act-like-the-adult-in-the-room-and-stop-the-pointless-hostility-to-embrace-the
I approve of this message.
Tt-dogg for witness. Hah
I actually tried that just now. I get a message: steem account doesn't exist.
At #2, one thing that comes to mind is that you don't need Apple shares to buy other stock
And people are bound to pick these things up eventually. Some people don't research and some are slow to learn. But everybody learns by sticking around. Plus there is going to be more and more people wanting cheaper and faster transactions. A good portion of them will get into BCH which is more of a Bitcoin that BTC itself (https://bitcoin.org/bitcoin.pdf). Some will choose LTC. Dash will become huge. PIVX is doing some rock solid marketing and most importantly people will come across coins that go beyond from just another medium of exchange.
That'll be lot of attention into STEEM, BAT, SONM, EOS, Sia, MaidSafe..........etc etc.
Most places that sell fiat for BTC sell ETH and sometimes Dash, BCH, ZEC, ETC, LTC. So despite the hype and dumb money, we are moving in a good direction.
Was laughing so hard at this!
You can go ahead and request him what you need but telling him he has to do this or has to do that. Not groovy my friend. He already does a lot of charts paired with btc bra.
@echinox If you think it would be "a lot better", do it then! That was an irrelevant remark whatsoever. Thanks for your input.
You have a knack for explaining things in a informative way. Lol. I like to hit um over the head with a hammer. Lmao. You should do PR. Lol
As you can understand btc cannot, should not- be the only measure as this is akin to all your eggs in one basket. I understand your point though and for newbies at first it makes some sense. However for long term wealth creation... as Haejin says go poly on crypto, have a diverse portfolio. The only case for xrp notwithstanding profit.
Accumulating with daily payout on bitconnect up up up BTFD
Good luck with the bitconnect ponzi scheme. I hope you get all your profits out before it crashes. As every ponzi scheme eventually does.
It's a scam once it stops paying so for now I'll that the ridiculous payouts 💴
Lmao. Shitconnect.
Shitconnect is killing it💴💴
Lmao. Just pray you get your seed money back. Lol. Uk government is on shitconnects ass. Good luck bra
THank you much! Bought many ETH at $280-330. Yay!
Could you please provide an update on XRP? It's been acting quite well for the past 48h or so!
How is QTUM holding up in this turbulent week?
Learnt something new about elliot wave count, i am happy to hold my ETH now.
Thank you for the update! I feel silly holding ETH watching all the other coins skyrocket. Fortunately, I hold some others but really believe in ETH. I suppose after the run it's had perhaps it's acquiring energy. From Robert Frost and the Outsiders..."Nothing gold can stay" Cheers!