ETHEREUM (ETH): Can Both ETH/USD & ETH/BTC be Bullish?

in bitcoin •  2 months ago

SUMMARY

On February 20th, the below chart was posted in the update where if a correction was coming, it'll likely be an abc and the targets of $858 or $786 were given.

Since then, price decline to $784 before bouncing and has now resumed the correction. The upper blue trend line remains as resistance.

Current price moves have been labeled with subwaves and the ZigZag (5,3,5) motion is in place. Could it be almost complete? IF the last remaining wave 4 and 5 signal completion, then perhaps a reversal could be likely.

The overall longer term bullish outlook is shown as an impulse that should take ETH to an all time high around late Summer to early Fall time frame.

Here is the ETH/BTC which is clearly within a broadening pattern. When price is at the lower trend line, I've called this the Jaws of Wealth. IF the blue A,B,C and D are complete; then the final E wave can be expected. This move would be an abc and likely a zigzag move that could raise prices towards the 0.263 BTC price zone. Overall, both the ETH/USD and ETH/BTC pairs are bullish. While usually the /USD pair leads; these two are near same which reflects strong demand for ETH.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.

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Great analysis Haejin, always happy to see your EW count. I feel the next bull trend is near.

Like it when you also chart vs BTC.

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Yea, I totally agree on you with this one.

Good. Post brother very nise my like your post is very do max ever very happy@@@

Binance being hacked was a very big blow to the price of BTC. No price prediction or TA is going to foresee that one... Sad day for crypto.

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I don't think the Binance exchange itself was hacked - a few individual account APIs may have been compromised.

It looks as a great time to get in BTC. there is a chance for 10% to 15% profit if buy at around $9500 to $10k

This seems like a problematic issue yet you need to understand that you will WIN in the long term process. So, do not worry and HODL!

Very helpful post,thank you.

everything is falling :(

although i don't know much about btc and the rest but am learning, thanks for this post it helpful

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You cannot possibly learn anything from this bullshit :D

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Perhaps @haejin you should add another line to your disclaimer..."If you like and see value in TA, enjoy the above tools in your decision process; If you think TA has no value, feel free to go elsewhere and spread some sunshine to other blogs". LOL... I was a stockbroker for 37 years and always included TA in my due diligence. The more information, the better the decision making process. Just as fundamental analysis is not a certainty, neither is Technical Analysis. Both are tools for investors. Great job on your analysis and posts BTW.

Price just broke $800, may go down to as low as $600.

hi @haejin am a new person here please help and support her

Helpful post

Luar biasa hebat

Друзья добрый вечер!
Мне жалко тех людей, которые следуют не за теми аналитиками. Пусть у меня нет внушительного стажа, но я прогнозирую гораздо лучше их. Друзья следите за моими новыми обновлениями, я хочу просто помочь новичкам и не только, сэкономить ваши финансы.
Друзья я предсказал глобальную коррекцию, следуйте за мной.
#cryptomax-https.www.youtube.comchannelUCn1SIM9lk0V7kfv4EPg240A.jpg

Mega bullish uncool post...
Just unsmart post...I don't like this post..Thats a crucial ..

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin9869.910$-9.59%-6.73%
EOSEOS6.461$-13.13%-25.15%
ETHEthereum743.176$-9.92%-14.49%
QAUQuantum0.177$-9.99%-23.07%
WAVESWaves5.765$-7.77%-10.72%

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Every coin has its seasons.

vs BTC is super interesting right now. So many unpredictable outside factors with significant manipulation influence on the BTC side adding noise to the signals.

Banance hacked off, causing a lot of damage. Be careful!

Did you notice the current market fully in red? Does this have any impact on some or all of your analysis?

Another great analysis on the market @haejin never dissapoints

Mega bullish. To the moon.......oh wait.....

it will be bullish but its a guarantee it will not surpass btc.. lol :D

Very nice post dear I like this but the bitcoin is greater then

Both BTC & ETH seems to have better future value..all crypto holders needs to be patient before investing.

Congratulations @haejin, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 53 and the total pending payments to posts in these categories was $3473.15. To see the full list of highest paid posts across all accounts categories, click here.

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There maybe a chance for that. Let's see in the next days.

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 226.13 SBD, based on the pending payout at the time the data was extracted.

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"The Jaw's of wealth"... sorry but thats being stolen!! Thats a keeper.

Hi Haejin i wouldn't worry about explaining yourself you are doing what we all wish we could do we are living in a free world and you can do what you want that's your business and i pat you on your back for such a great effort and following and reward pool if it aint you it would be someone else these people that bring you down have no life and nothing better to do they are just jealous of your earnings .These people will never change there ways and will be always jealous of anyone doing good. Stay strong and dont waste your time reading any negative posts cheers Deni Guerrera

Thank you for the long term perspective!

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Hey @knircky I saw that mistaken transfer to @hebrew. I have a hunch you might be able to reach someone who knows them at the SteemSpeak Discord channel: http://steemspeak.com/

Ethereum has been something to watch over the past year....I guess the same can be said with all the other cryptos this year as well! Besides Litcoin, Ethereum is something that I have recently begun some interest in both within the markets and with mining. I have mined Bitcoin for quite some time, and over the past few months I have been trying out some Ethereum mining with some old GPUs. As with all the other 'big name' cryptos, I think that Ethereum is going to have a healthy future. If you got 'em, HOLD 'EM!

Haejin's predictions WILL lose you money

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Haejin's rewards come almost completely from a single user... Haejin doesn't care about you or the money you make, he just wants to earn as much money as he can and in the process he will ruin and kill the profits of others. So lets spread out these profits, #flaghaejin