Taking a Look at Ethereum - Posed for a Huge 2018
As Bitcoin continues to move sideways alts are looking strong as they normally do when Bitcoin becomes boring to trade. Instead of moving from fiat to BTC people are moving from BTC to alts. From Ripple, Lumens, Verge, and even Litecoin has seen massive gains, but one that has set relatively quiet it Ethereum.
Network Congestion be Damned
One of the easiest rules to follow is never trade against the trend and as you can see Ethereum seems to be starting it's uptrend with the next resistance around .07 BTC. Those who bought some around .05 BTC got some at a steal as people last Summer were thinking .1 BTC ETH was a good deal.
After reading this, if you're considering buying some ETH you can put in a buy order between .055 and. 048. I started to FOMO earlier today and just bought some at .056 if I remember correctly. I should have been more patient. If are getting greedy to get some ETH .055 seems like a good buy point. If you could care less if the order goes through, but want the possibility of getting cheap ETH .048 seems like a good point.
Not Many are Talking About Ethereum Right Now
One of the two reasons I think Ethereum has a lot of growth near term is because no one is talking about it which tells me not a lot of people are watching it. If it starts to really gain momentum and YouTube's start to take notice I think it will easily claim by a large margin the #2 spot.
SOURCE
Number two reason is because a lot of people are going to start HODLing when the conversion from Proof of Work to Proof of Stake which basically means you habe the possibility of earning ETH just by holding ETH. Testing of this is starting and once it goes live.
Disclaimer: this is my opinion and should not be considered financial advise. I'm testing my knowledge on chart analysis and using the Blockchain to store my predictions so they can be reviewed at a future date. Never invest more than you can afford to loose.
#bitcoin
none of them would have guessed bitcoin prices right now
Distinctive analysis You are really amazing Thank you for the valuable information
No problem do you trade cryptocurrency?
Let me start by saying I know nothing about coins. However, it seems like Steem should hopefully advance as some of the others, no?
Yes. From a btc standpoint steem is still below it's btc value this summer. I think it has a lot of room to grow and for whatever reason is a slow grower and is lagging behind right now. Maybe because of the growth of sbd splitting the money going into Steem.
All just speculation really so take this with a grain of salt lol.
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