ETH: Binary Possibilities....which will it be?
ETH has been tracking Bitcoin and their count isn't that too different. However, I post two counts with equal weight and I'm not sure which one is more probable. It doesn't mean you can't still profit!
First count: ETH will complete it's trajectory through wave i,ii,iii,iv,v and correct abc; perhaps coinciding with the Bitcoin approaching top as blogged previously.
The Second count might have ETH lovers send me hate notes and throw jabs and punches my way. However, this is something I'm keeping my eyes open for:
The recent down ETH experience was a simple A (red) correction and B is completing with C yet to happen.
The key to discern the difference and select a more probable one will be to see what happens when Bitcoin approaches it's Wave III top and corrects for Wave IV. Once Wave V starts for bitcoin, I'd be keen on seeing ETH price behavior.
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.
What is the probaiblilty of 2nd scenario, considerng Fib retracement levels, especially the fact that A went down to typical 0.382?(https://www.coinigy.com/s/i/598db528d8c27/)
I'd give it a 45% chance. Still, keep an eye out on Bitcoin...i've already entered my Sell orders for Bitcoin profit taking. See: https://steemit.com/bitcoin/@haejin/bitcoin-i-m-taking-my-profits-here-is-my-sell-ladder-and-the-rungs-that-make-it-up
Yes, that is true - ETH drops every time BTC drops, but when it comes to surges ETH sometimes reacts slowly. For example on 08.08 it rised from 270 to 315$ only after BTC had hit 3500 ATH.
Actually I am waiting for BTC drop. I want to buy cheap.
Surge puberty for ETH was earlier in the year and has much dissipated. IMHO.
Yes - when i wrote "surge" I meant "gain" (my poor english), and I remember quite well, i earned close to 100% on it.