SUMMARY
Ethereum (ETH) seems to be leading the pack by first breaching the lower blue line resistance, ahead of BTC, DASH and others and now has clearly breached above, decisively, the second resistance blue line! This lends strong evidence to the bullish primary count. Let's see if BTC, DASH and others can follow suit and bust above their second resistance lines. The Head & Shoulders Bottom is also analyzed should wave 4 form the Right Shoulder (RS). If so, minimum target is a whopping $440!
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.
pocketsend:101@haejin, have fun!
Successful Send of 101
Sending Account: cron
Receiving Account: haejin
New sending account balance: 995900
New receiving account balance: 100
Fee: 1
Steem trxid: 44328891ace08714d9afec3553a114ba631369a8
Thanks for using POCKET! I am running this confirmer code.
yooo haejin, could you take a look at my ETH/USD post and let me know what you think?
https://steemit.com/crypto/@positivebalances/eth-usd-huge-cup-and-handle-pattern-sept-18th-2017
Commented. Thanks!
I am very uncomfortable with this price increase. I am debating if this is bulltrap. If you look on exchanges there are bots in place to keep the support and price floating until there is next pump. You really have to sit there and watch it. Penny orders being placed, buy and sell. Alot more often when volume is decreasing. For now I am only trading. I feel we are going to have a big crash soon again! Because we literally went up too soon and too fast. 100 dollars with in three days. Alot of the price increase was with penny orders, I wish I could show this to you guys but its true you had to watch it. Volume was going down for a few days and price was increasing, all I saw was orders such as 0.0003454, buy and sell. So I don't know if the charts reflect whats actually happening. What's happening is creating a bubble. Its still going on on gdax is you watch it carefully. I am sure across other exchanges as well. Its like artificial support. So when the price drops its not actually people selling off because there weren't that many buyers in the first place. Penny orders were increasing the price slowly and then it started getting pumped since people felt it was rising constantly. I have been trading everytime I get a chance because the pattern is so easy to follow. Yesterday alone in 2 hours I made like 800, not whale status but it was just so easy to see the pattern. I don't recommend a long term hold on this at all. This price increase is like a housing market crash. Where true support isn't there and it could come crumbling down anytime. I am sure we will hit new highs but don't sleep on it. Reason I am worried about bigger crash after new high is because when price is floating with penny bots, there aren't really true buyers, so when there is a huge sell off. It may not be you or me selling who didn't buy at all. Its just there was no support there. I recommend seeing it in action when volume is down and even during high volume it can be seen but much more so when there is not much movement. like 5 up and 5 down.
Not being a TA, I, TOO, FEEL VERY,VERY UNCOMFORTABLE WITH THE MARKET.UP 30% in a few days with no correction ! (Sorry for caps, my cat was on iPad keyboard .
Interesting on the bots. I'll try and spot their actions. My just posted Bitcoin update also relfects much of what you say:
https://steemit.com/bitcoin/@haejin/bitcoin-btc-update-could-the-bottom-not-yet-be-in
You should be able to see all this on the BLOCKCHAIN right? if you find the times this was happening and look for examples or vise-versa, it would be interesting to see
Like ya post! I made a similar projection... only in my mind :)
great minds think alike!
the metroplis update today may cause a surge, get in now
Thanks man, Some good info!