The next bullmarket is about to start, if my count is correct. I doubled up on my ethereum holdings today.
We might see one lower low, as we did see in BTC, but it is not necessary anymore.
If this count is correct, ETH will likely reach 6000$ (or more) by 2020.
UPDATE 29.05. : One last small wave down for BTC is likely starting today. Targetzone 7000-6800
SBD stabilized faster than expected. We are again printing liquid Steem, because the witnesses fucked up again. It happened one time before and lasted only a few days.
I am happy that the decision point for BTC is near. If 6400 is breached, (which I don't think will happen) BTC could crash to 1400$, so be aware but not afraid.
##UDATE2: The correction seems to be done. BTC update will be posted tomorrow when I have more time.
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Good stuff @ew-and-patterns. Seems OML is the theme of the day right now. Looking forward to the next impulsive launch.
Upvoted by the growing TIMM trail and resteemed. Soon you'll be able to post these articles on TIMM, a new Steem based interface designed especially for traders, investors and analysts, complete with tools to help you monetize your expertise. Check out our recent announcement.
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I'm ready! Thanks for the update :)
(TRON COIN FREE AIRDROP)
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Not yet, I don't think so, not until BTC gets to 6800-6900. Wud be good to probably stack some TRX, mid term hold
I'm not an ETH holder, But as you know i am holding some sbd's, do you have any news about them?
please share with me.
If BTC and ETH start mooning, SBD and STEEM will do as well.
Hopping the same, Thank you :)
I had a serious issues with ETH or the site (myetherwallet) so i dropped on it, but i believe that if eth new an increase steem will follow!
Anyway the analysis is good, your experiences are considered, but no one should hold any claims against you if they trade basing on your analysis.
very clear, this post is very useful, I love the enlightenment written in this content. thank you
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since BTC hit fib 0.786, do you really think the correction is over? What are the indicators to assume this is the case? I see some sort of symmetrical triangle for BTC (daily chart, starting February 6th), or worse, a right descending triangle forming. What do you think?
It can't be wave 1 and 2, if we see a new low below 6400. But it does not look like thats gonna happen.
It sucks but wave 2 can go down 99.9% of wave 1 and still be valid. Actually I already expected this deep correction a month ago.
This wave 2 looks corrective and is taking lots of time, so we should be fine. I think it is over very soon. Tuesday is my guess.
Thank you for the answer.
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Very exciting times ahead. A lot of people still calling for lower lows in btc but even at times now there are still ALTS in the green whilst btc drops 10-15%.
Is that also another potential inverted H+S pattern forming? I've seen a lot of ih+s patterns forming in other coins lately:
https://steemit.com/verge/@youareyourowngod/analysis-of-verge-xvg
your word in God's ear.............
Let´s cross fingers that you´re right!
Heya,
Just grabbed some ETH in the dip.
It’s a long play.
Hodling like no one else
Lol
Cheers
Frank
Good choice I think. Cheers
Hi ew-and-patterns, thanks for all you do for the community. I've started a new blog where I summarize BTC TA Analysts. Would love for you to take a look. Hopeful that you find it meaningful. I wanted to add your TA, but @famunger is already doing a super job with his TA summaries. Cheers
https://steemit.com/bitcoin/@btc-hunter/btc-ta-bitcoin-technical-analysis-analysts-opinions-may-29th
(TRON COIN FREE AIRDROP)
http://m.name-technology.fun/Index/code/1b5d36600cbf31b6?lang=en&callback=ko