ETP Metaverse Analysis: ETP/USD Target $7.50 and then $14 (358% Profit Potential); ETP/BTC Target 0.00143 BTC (220% Profit Potential)
SUMMARY
ETP Metaverse is working hard to raise that similarity index! The symmetrical triangle can't be missed. The a,b,c retracement shows that the subwaves of wave c are almost all in with just wave v remaining to make one more lower low. Once this is complete, the circled white waves i,ii,iii,iv,v will take over and impulse up towards $7.50 target.
It's important to understand that this target of $7.50 is not the end of the rise. It's just the top of the wave v at minor minute degree. The below chart shows how the white circled waves are actually subwaves of blue wave 1 at a higher degree of trend. If you follow that set of five waves, the top of blue wave 5 is near $14 or so.
Here is ETP/BTC....I can barely tell the difference to the ETP/USD chart. The Similarity Index (SI) is amazing! Given how uniform the sentiment is across cryptosphere, this is not a surprise. We are seeing this SI in just about every coin. It's either the symmetrical triangle pattern or the Cup & Handle pattern. I becoming more confident of this: A BIG, BIG, BIG move up is COMING!!! Ladder in your buys while you can!
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BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
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.**
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Any update on this one Haejin? Still valid? Love your work!
@haejin,could you update this crypto pls...
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Or we can draw a support line from point iii/iv to C and call that a support line. If it picks off that support line then big gain potentials.
Practicing my TA...
Sorry this is an error
Hi @haejin. Been following your posts for a while (big fan). And I was curious about one thing... You've made the observation that a lot of cryptos (especially BTC) love the triangle pattern, and I've seen you chart it as wave-c in many places, but I've read that the triangle usually (some say always) comes one position before the final (wave-4 or wave-B), and can be in the final position in combination corrections. In practice (and in your experience), is that not always the case? Just trying to learn. Thanks for your generous shares!
No, a diagonal in wave c is very uncommon. The triangle for on my labels is not wave c; rather its the whole a,b,c. So, it's the chart pattern which isn't part of the EW count.
ETP allready broke out? should we buy in now or wait for a dip?