Ethereum (ETH): The Recent Bounce was NOT an Impulse Motive
SUMMARY
Ethereum (ETH) bounced but not in an impulse of five waves up. The bounce looks very abc three wave style. Therefore, it was a corrective, most likely. This adds a bit of confirmation for the case of a lower low.
Fine print subwaves (purple) show a potential five wave down to complet the pattern which would bring price very close to the apex.
Longer term chart shows the MACD where the yellow line outlines perhaps one last dip prior to a breakout. Meanwhile, the higher lows stand on the MACD and the positive divergence of lower low in price.
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Looks like the last opportunity to buy cheap ETH before it explodes to the upside.
I can't help but to think the same. If you waste an opportunity like this to pull a massive buy off. It's gonna be hard to sleep at night! I doubt any of the big currencies (and by that I mean #crypto) backed up enough can be much of a threat to your accounts. But again, to hodl right now is going to be hard enough for many.. so, it's a good oportunity, at least I think so!
Your work is not 100% right, do not make people fool. It may vary. Your post are similar to Gambling in Casino. Thank you.
Your comment is not 100% right, do not make people fool. DYOR
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No one - and I mean NO ONE - is 100% right all the time. A person doesn't have to be 100% right to be a winner. In statistics, (wins/(wins+losses) )* average payout is key. Fill in the blanks. If you get a positive number - you're a winner. You can even win less than 50% of the time and still be a winner if the payout on wins is high enough.
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@fkrakhi. Haejin's post is not like gambling in Casino. This bounce looks corrective because it looks like abc pattern. So there is likely a lower low because impulsive bounce is a 5 waves structure and this bounce is not. If you don't know this Elliott wave principle, be humble and educate yourself. Don't be going around and talk stupid. This ignorance hurts you more than it hurts anybody else.
great post...your post help me to my entry buy or sell about ETH....i am member indodax.com from indonesia market....thanks for sharing Master...
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Thanks, I will check it.
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Great analisis! thank you
Our finances into #crypto are definitely going towards a bulletproof status. Maybe you can't say you're an advisor, but you can see clearly how well is the market going. Having made the decision to focus on your earnings and profits in #cryptocurrencies a good while ago, it's both a sign of experience, and a pretty good reliability that you show if you have been here long enough.
I will focus on profits and earnings for a while, as it seems I'm not the only one doing just that. It's a damn good time to have #money!!
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thanks, your post! have a nice day.
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