I will not place any buy orders and will rather watch where the market goes. When not watching the price I plan to leave a buy order for around 380, which is unlikely, but has virtually no risk
Then the next wave expected to be around 600 (can start selling at 595) and up to 790. If you target the middle price for wave 3, sell around 690, for conservative estimation - 595-600
Then the next wave expected to be around 600 (can start selling at 595) and up to 790. If you target the middle price for wave 3, sell around 690, for conservative estimation - 595-600
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I expect wave 2 correction to be completed around 10-11 am EST on November 27
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for GDAX/Coinbase and Gemini prices are usually 5-10$ higher from my observation
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Just for fun prediction (a vision of the average uneducated trader like me):
I believe the correction for current wave will not be too low (due to expectation of Casper news and bitcoin drama), the bottom around 410-420. Wave 3 will go higher than 600, probably cross 700 and stop at around 710-720 depending on the exchange. Then it will retrace heavier than wave 1, to at least 0.38 to around 520. Even with Casper news traders will be skeptical as bitcoin will surpass 10000 and possibly cause a market collapse for a few weeks, therefore wave 5 probably won't be big and could form approximately double top with wave 3 and start retracing after 720$. I don't believe in 1000$ ethereum in 2018
I believe the correction for current wave will not be too low (due to expectation of Casper news and bitcoin drama), the bottom around 410-420. Wave 3 will go higher than 600, probably cross 700 and stop at around 710-720 depending on the exchange. Then it will retrace heavier than wave 1, to at least 0.38 to around 520. Even with Casper news traders will be skeptical as bitcoin will surpass 10000 and possibly cause a market collapse for a few weeks, therefore wave 5 probably won't be big and could form approximately double top with wave 3 and start retracing after 720$. I don't believe in 1000$ ethereum in 2018
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It is scary to watch BTC getting closer and closer to 10,000..I think we will reach wave 3 peak of 700$ very soon around December 3 since people will start fleeing bitcoin before 10K this week. Wave 5 could follow also very soon around December 11 or so. Need to be sure to convert everything to fiat before BTC reaches 10K point and can reinvest a month or so later
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scared bitcoin holders are rushing in to ETH it seems. If the price does surpass 480 might just buy at whatever price below 500, otherwise will keep waiting for another 12-15 hours. Sell orders are too string right now, too early for a breakout
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BCH might pump to 1900 tomorrow, may be even overnight, but in terms of % gain and lower risk ETH is way more attractive for now and may pump around the same time tomorrow. So, decided to stay out of BCH after all.
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BUYING now! little by little, looks like sell pressure is slowly decreasing and retrace to 410 will not happen
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DONE! bought at 467 and not afraid even if it does drop to 400, since it will be a very short time anyway. Though, expecting a pump veeery soon, around the time BTC surpasses 9900
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hoping to sell at 700, but will sell some around 650 level. With BTC awaiting a massive correction ETH will pump higher, perhaps it will reach 790, but 650-700 is less risky
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It is tempting to swing trade subwaves of wave 3, but those massive sell orders at 500$ may disappear in an instant .. waiting patiently for 700+!!!! :D
Trade closed manually:
UPDATE: shorted everything at 460 :(
too scary, if majority are waiting for a crash no growth will happen anyway
Read some news and assess your risks
Good luck
too scary, if majority are waiting for a crash no growth will happen anyway
Read some news and assess your risks
Good luck