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SUMMARY
Ethereum (ETH) formed and completed a very long a,b,c,d,e symmetrical triangle as had been projected, prices SURGED out of it decisively! That surge completed whate wave 1 and now wave 2 is in progress and could be nearly complete, if not already. So, which wave comes after wave 2? Wave 3! And that wave 3 won't be lower than wave1. The revised target is $1,032!!
The VERY BULLISH Downward Pointing Symmetrical Triangle is uncanny!! Beauty! It's a zig zag correction where I've also labeled the 5 subwaves of red wave a and the same for wave c. The fact that I use subwaves to provide the geopositioning of price on Elliott Waves is a skill you'll want to perhaps learn. I constantly count the sub waves as my quality control to determine if the correction is correct. So, wave c shows a completed 5 subwaves so it seems highly probable that the correction is all done! Now, let's see if the impulse white waves can take price to 0.1563 BTC or higher!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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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.**
Hi Professor, would you say the handle of the cup is forming for ETH?
Some sees it as cups, some sees as wave 5. Different path, same destiny :-)
Sure wish I had bought more ETH when I was under $100
Setting some down ladder buys for the next correction.
how do you think BTC will respond to futures contracts opening this sunday in the US market?
Good know I bought recently some etherneum . But my broker hasn't give me my coins yet .That bugger is shorting on etherneum.
Might I ask what broker your using? Are you not going about it through a tradition fiat -> currency gateway like Coinbase?
I am using Btc direct as my broker . Apparantly their supply of etherneum is depleted . It's is a trust worth broker ,I have ordered many times in the past and it workes out pretty perfectly . I think it's has to do with the cryptocurrency frenzy .It's become big hype around here.or the why my coins arrived late is the :
The ethereum network is getting jammed up because people are rushing to buy cartoon cats on its blockchain
Looks textbook
@haejin - resteemed - any thoughts on Ethereums long term price in say 5 years? Cheers
BCH about to breakout after bullish wick.
I see it as symmetric triangle though.
Interesting...falls in line with your ETH thoughts 8 days ago...still in line...
In an effort to make my life less insane chasing too many coins...have dramatically cut back...that said...I just sold off my remaining ETH....that crypto kitty thing concerned me...regardless...put my eggs into NEO basket...do you see a similar pathway on that as noted in analysis 6 days ago? "Explosion"...thanks.
Neo has a lot of potential, but Ethereum is still a MUCH safer investment
both are safe investments. When NEO wakes up, profits will be massive, bar none.
Lol..."safer"...based on what?
Frankly...I don't see any of this stuff as "safe"...doesn't mean can't make some money off it...
Believe me...I'm appreciative for what ETH did for me...was a great investment...but...if TA suggests both have "explosive" potential...I like NEO....
I did the same and turned to NEO. I'm still mining eth though, but there are so many options... I just don't have the time.
I just realized I can't own everything...got tired chasing every "hot blog tip" or TA suggestion...so relying more on specific posts...like Haejin's to fine tune holdings....BTS...BNB...NEO...BTC...LTC...IOT...ZEN....DASH....XRP....and a few assorted others...its to the moon or bust!
Eth has governance and foundation in place.. silly to think there won't be many solutions tp scaling on btc and eth.. there is too much money to buy solutions.
Hello Haejin. First of all, thank you for your analysis! Learning a lot and getting massive profits! However I do have a question: how ETH is goingo to USD 1k, BTC is going to USD 30k and ETH/BTC is projected to rise 5x? Am I missing something?
i really like LTC I think it will do great things
I was thinking about doing my ETH counting, and BOOM, here is magic Haejin with an update! On time! Thank you very much!
It’s like you just can’t go wrong with any coin right now. Thanks again.
While this is true. I also see it as a problem. The fervor of "not loosing" on a single trade can really pervert peoples' sense of what reasonable returns should look like and result in wild, emotion filled valuations.
But hey! While the going is good time to rake it in ;)
Greatly appreciate this video! I'm curious of in the time cycle of this goal. If we can say within a month in time or perhaps longer term looking.
https://steemit.com/bitcoin/@haejin/essay-why-is-time-projection-so-difficult-for-technical-analysts
Thank you. Can you please update DNT also ?
HI,
Is it dash just completed wave 2?It looks it is.
I like your analysis. Do you have an overview of your predictions and hitrate?
God bless you
Very good analysis.
Can someone explain something about NEO for the next days..?
Have held onto Ethereum for a long time. Through thick and thin.
Time for it to reward me for the loyalty.
Thanks Haejin. Looking forward to that.
Could you review LTC as well once you get breaks from Kitchen duty:-) I am still waiting my Elliot Wave book. But using what I learnt from you, LTC looks like just had a bullish ascending triangle, and using the Apex, my forecast is $131. Does this sound right? Regards, Larry
https://www.tradingview.com/x/TuFNu4eg/
Very nice. Can you add Elliott waves?
Screen shot, and copy/paste charts in comments.
Could you please share the timeframe for this prediction? Thanks in advance.
https://steemit.com/bitcoin/@haejin/essay-why-is-time-projection-so-difficult-for-technical-analysts
Hahaha, I posted the same thing for a comment up above! Nice.
Loved your analysis even I think after bitcoin rally ethereum will start rising.....would surely love to share your analysis with few of the interested folks on our Facebook group.
Great article , thaks for sharing
Great news...hopefully I have some time to mine eth before ASIC takes over.
Great to hear!! Any updates on OMG?