Read the chart. I forgot to mention on the chart: The "flippening" is real, and so is the BTC segwit panic. As market share approaches parity and BTC's future is propagandized to be "uncertain," ETH will be seen as more valuable relative to BTC. People will WANT to exchange their BTC for ETH, driving prices higher.
A lot needs to happen both technically and fundamentally for this to happen as described. The idea is likely wrong, but nevertheless worth keeping in mind through 2018. @VentureCoinist had a similar chart pbs.twimg.com
Ethereum is currently on long-term support line and starting to show signs of life, previously from 6700000 support gone bearish as Bitcoin started another bull race and reached new and new highs. As Bitcoin more and more likely is going to correct at some point, it is an opportunity for Ethereum to test that 6700000 level again. RSI and MACD entertain this idea...
fell back to the 78.6% level, where it found support Price will go the way to the 61.8% level, which lined up closely with the previous Swing High. Possible way 5 ( Elliott ) confirming if cross the high orange line. any idea ?
By @VentureCoinist. He mentioned how the ETH>BTC channel is a good way to understand the up and down movement of alts
ETH hit it the two year support line a few days ago and has been steadily rising since. This completes the 2nd portion of this measured move I expect a small correction down to .035 sats and consolidation at this level until early 2018. I think after that consolidation, we will be ready to ride it to the moon!!
Whats up traders, I hope you are all having a good weekend. Want to start by congratulating anyone who followed by BTC/USD trading idea that I posted yesterday. We successfully got a 1300 move from the idea. I have also posted many other BTC/USD ideas recently that have all profited too. I recommend taking a look at my previous Crypto currency analysis to keep...
What is Ethereum doing? I'm evaluating these two markets (ETHUSD & ETHBTC) in one post And the violet price line in the background is BTC In the 1h chart we are seeing something cool ETH for the breakthrough of its second max ETH for the breakthrough of its second min Kindof looks trapped in the corridor These guys seem Ethereum's new bff also Of course...
I think it is pretty self explanatory Black is expected, red if trend is ending
I did a video tonight (12/15) showing how this chart comes together - but this is a solid point to enter one of the best coins on the market. Just wish I could have gotten in on that dip down to 0.02... may get a chance on a double bottom - but still a strong chart nonetheless! Best of Luck in the Markets! Community Resources in Signature! Peace & Love....
This is a follow up on this analysis: Looking for the 5th pulse in a Elliot Wave pattern.
Looks like it found the floor - Stochastic RSI signaling buy - MACD support upward movement - RSI moving up - Williams_Vix_Fix signal bottom - Buy volume coming it The chart on hourly looks EXACTLY how Litecoin looked before it popped. Targets are .035 Satoshi & 0.4 Satoshi short term
Investopedia says: Theory Interpretation The Elliott Wave Theory is interpreted as follows: Every action is followed by a reaction. Five waves move in the direction of the main trend followed by three corrective waves (a 5-3 move). A 5-3 move completes a cycle. This 5-3 move then becomes two subdivisions of the next higher 5-3 wave. The underlying 5-3 pattern...
Possible elliot wave pattern on ethereum. If BTC doesn't pump hard it could happen. I'm no expert just learning TA. Don't take it seriously.
ETHBTC Head and Shoulders, it is going down!!
ETH breaks previous min (thin grey) Waiting to see price break next min (grey) & volume to back up signal, a high volume Volume is important, very important, in cryptocurrency more so ETH is still in the low (green) volume Be aware for mid (orange) volume signal
It seems TA is worth shit at this moment. Was looking for entry on Litecoin and it went up 200% in under one week. This is FOMO kicking in. All the new registrations on coinbase looking for quick money and Ethereum and Litecoin are the only options there. Both seem to give potentially more gains in the near future, so people are jumping on the train. We are at new...