ETHEREUM (ETH) Price is Scraping the Top Trend Line
SUMMARY
Since the last update for Ethereum (ETH), price has been scraping the bellyside of the upper blue trend line. The two rounds of zigzag labels still remain same and the final five waves of the blue (c) wave of 2 has been updated to reflect passage of time. This count still remains primary and so a lower low would complete white wave 2. Also, the retrace would measure about 0.88 Fibonacci which is quite common for Altcoins. Nevermind 0.618; but the sqare root of 0.78 which is 0.88 seems to be the most common Fib zone. This is the case when extended 5ths are prevalent as it is in the Cryptosphere. I've given detailed explanation of how extended 5ths relate to deep retracements in previous posts.
The top alternate would be that the whole correction could count as a WXYXZ (red). Still, the micro and subwave counts fit well into this as well. It is very likely for Ethereum to follow Bitcoin's lead.
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Great analysis Haejin, people panic and always miss the most impulsive wave.
I used to be @Haejin's #1 fan. I no longer believe anything #Haejin post here on #Steemit.
He even upvoted me one day & then removed it. That really made me upset!!!
https://steemit.com/haejin/@born2crypto/haejin-predicts-bitcoin-will-be-usd270-000-by-2025
thanks for the analysis... quite upset for the fact :(
A lot of people are saying ethereum is gonna go above bitcoin and I'm seriously thinking about moving all my bitcoin into ethereum now, before bitcoin goes up again.
time to get some tokens and wait...
if i only has the money.. :/
#SadlyPoor
@rossell.arroyo
these tokens which I have listed on my page they are 100 free and if you go manual you will have a total of about $70 (usd)
I'm not sure whether it is the right time to buy crypto right now, I mean the $8,000 Bitcoin level does have a lot of support, but if it was to go below there I could see panic really ensuing. It's a gamble trying to catch a falling knife for sure!
amazing to your success.
these prices are forcing my hand to convert more fiat...
Me too :"(
Oh crap i hope the price doesnt dip further
iv'e always believed that Ethereum will take the Crown from BTC somehow and still waiting it to goes to the TOp :)
great post! :^D
i like this content, a lot of people around the world are still skeptical and uneducated about the cryptos and blockchain, it's a great thing for us who knows already that we need to share and spread the word that cryptocurrency is not bad and a great news for all of us in the near future, I sincerely wanna say thank you for your efforts and passion for this crypto knowledge sharing for the people, I do hope you become a big whale someday!
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