ETHER (ETH) Update: Following Bitcoin?

in #bitcoin7 years ago

Similar to Bitcoin, I feel ETH has one more high to put in place as a mark of last hurrah before the serious correction starts.

NOTE: The caveat to any bullish posts is that BTC topping needs to be watched closely!


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How would this affect NEO, Dash, NEM and other coins with a product that is much different from a currency (Factom, Golem, Bytom etc)

I already have 25% of my portfolio in BCH. and another 25% in NEO.

Bitcoin is the moon that moves the tides of the ocean all the Altcoins swim in.

But there should be winners even in a bear market. I simply want to outperform BTC which is pretty much like the S&P 500 of crypto. I think the Chinese coins and BCH will be affected less.

I measure my success on the daily, weekly, monthly and yearly growth of my net liquidation value measured in USD.

Neo is doing rather well despite whats happening around it. Its up on ether and bitcoin right now. That is because it had hit rock bottom already and had been sitting in the low 30s for a bit. It actually is benefiting from the correction in bitcoin and ether.

Another 2 important factor is NEO produce GAS and the market cap is ~1.6 billion USD. I wouldn't be suprised it was #1 crypto by 2020. https://steemit.com/neo/@toria/the-neo-agenda

Here is the DASH update, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/dash-update-warning-caution

Thanks for the updates. I'm a big fan of all of the above mentioned cryptos.

Thank you for the update

It makes sense...all these coins have seen a remarkable run.

Pullbacks are natural. The wave count patterns show the ebb and flow very well.

At some point, we will see A-B-C down.

it went from 400 to 317 on some exchanges. Would you not consider that a serious corrections? I thought wave 5 correction had already started. Shouldn't the 3 be actually 5, I am not a genius but I am just trying to read the chart? It was rising for so long and we saw the correction yesterday. I thought we were already at wave 5 according to your last chart. We had some serious correction yesterday. Do you really believe this to go to 250? There was some profit taking that occurred at 340 when we went down to 292. This was a bigger correction so far we have had in few weeks.

Here is an update for ETH. No, 400 to 317 is not a major correction. I expect ETH to perhaps go to $440 and correct to $275 or less.
https://steemit.com/bitcoin/@haejin/ether-eth-update-a-turn-is-in-progress-up-or-down

Would you please provide an update as this looks like a far more serious correction than your original analysis? Thank you!

Yea I agree. I think we are in to A, B, C correction already. I really would appreciate an update.

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