While the other coins sported a triangle pattern, ETH is displaying a bear flag in this 1 hour chart. Bear Flags are continuation patterns that support the primary trend; and that primary trend is now down. If this pattern is correct, the lower lows are probable.
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
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.
Haejin,
Hello, new to your blog. What are your thoughts on SYS?
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Here is the analysis on Syscoin, please only use to augment your due diligence.
https://steemit.com/bitcoin/@haejin/syscoin-sys-analysis-after-five-waves-up-what-happens
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so basically All the coins are about to drop hard??
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5 waves up 5 waves of correction
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didn;t they just drop hard? I am confused at this. Don't look too much in to charts also take market sentiment in to consideration. Its turning positve. Eth corrected 130, BTC corrected 1k. I really don't think we will see another big dip before we set new highs. 450 for eth likely and 5500 for BTC. but its really hard to tell, with Metro coming out this month for eth I really don't know if we will see a hard drop. I think most people will be lining up to buy this thing.
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It had already 5 wave of correction
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The Bitcoin is the moon that moves the Altcoin tides and low tide has started. Or, in other words, when Bitcoin sneezes, the Altcoins catch the flu.
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Hello! This is the same chart right now. Do you feel the same about that bear flag?
That continuation of the iv still make the count valid? I'm just trying to understand the theory a little more, thank you very much!
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Keep an eye on the red circle area. The MACD is topping and expected to cross down.
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Hm.. on the flipside though the BTC-ETH chart looks fine in comparison.. Lower highs. So I am not sure which of the two markets is dominant: the USD-ETH or BTC-ETH.
And with the upcoming Metropolis later this month I think any bear market will be short lived. I am still holding on to my ETH.
Btw I come upon your posts a lot it seems, so I decided to follow you! Feel free to follow back if you're interested in crypto related stuff!
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Perhaps you would care to peruse this blog on ETH/BTC:
https://steemit.com/bitcoin/@haejin/eth-btc-analysis-this-pattern-can-t-be-ignored
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