What do you think about this very bearish outlook from MarcP?
RE: ETHEREUM (ETH) Intermediate Price TARGET = $441; Here is the Analysis!
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ETHEREUM (ETH) Intermediate Price TARGET = $441; Here is the Analysis!
On Sept. 15th, he was bearish and yet my blog was calling to ladder in after BTC hit $3,045. I had 7 buy rungs filled and profitable. I actually posted the buy fills of these buy rungs on my blog in real time.
On Sept. 21 and days before, he persistently drew out the overhead resistances and remained bearish. He kept hunting for lower highs as clue to remain bearish. He found what he was looking for and you always do when you only want to find what you want to see. In short: Myopia is deadly to the net liqudity value of your account.
Today, he remains bearish. He missed the sizable rise from Sept. 15 to now.
My analysis shows that after the current small correction, we can see post $5k and not too long from now, perhaps even All Time New Highs. That will be wave B top and wave C will then give a face ripping and crushing price decline. However, for me, even this scenario is subject to change as I change as needed.
My blogs have the record of me calling the top of Wave III just under $5,000 a few weeks ago and was pounding the table saying it was no longer time to buy but to take profit taking sell actions. However, bearish as I was, I changed to buy mode once the first possible Wave IV point of around $3,000 was hit.
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