SUMMARY
Since the last update for Ethereum (ETH), price has been scraping the bellyside of the upper blue trend line. The two rounds of zigzag labels still remain same and the final five waves of the blue (c) wave of 2 has been updated to reflect passage of time. This count still remains primary and so a lower low would complete white wave 2. Also, the retrace would measure about 0.88 Fibonacci which is quite common for Altcoins. Nevermind 0.618; but the sqare root of 0.78 which is 0.88 seems to be the most common Fib zone. This is the case when extended 5ths are prevalent as it is in the Cryptosphere. I've given detailed explanation of how extended 5ths relate to deep retracements in previous posts.
The top alternate would be that the whole correction could count as a WXYXZ (red). Still, the micro and subwave counts fit well into this as well. It is very likely for Ethereum to follow Bitcoin's lead.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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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Great analysis Haejin, people panic and always miss the most impulsive wave.
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thanks for the analysis... quite upset for the fact :(
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A lot of people are saying ethereum is gonna go above bitcoin and I'm seriously thinking about moving all my bitcoin into ethereum now, before bitcoin goes up again.
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time to get some tokens and wait...
if i only has the money.. :/
#SadlyPoor
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@rossell.arroyo
these tokens which I have listed on my page they are 100 free and if you go manual you will have a total of about $70 (usd)
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amazing to your success.
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these prices are forcing my hand to convert more fiat...
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Me too :"(
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Oh crap i hope the price doesnt dip further
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iv'e always believed that Ethereum will take the Crown from BTC somehow and still waiting it to goes to the TOp :)
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great post! :^D
i like this content, a lot of people around the world are still skeptical and uneducated about the cryptos and blockchain, it's a great thing for us who knows already that we need to share and spread the word that cryptocurrency is not bad and a great news for all of us in the near future, I sincerely wanna say thank you for your efforts and passion for this crypto knowledge sharing for the people, I do hope you become a big whale someday!
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Hi Steemians :
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Do you think Ethereum will overtake Bitcoin for the #1 spot? If so, how long do you think it will take?
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good post 😒😒😒😒😒😒😒
good post 😒😒😒😒😒😒😒
good post 😒😒😒😒😒😒😒
good post 😒😒😒😒😒😒😒
good post 😒😒😒😒😒😒😒
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Congratulations @haejin, this post is the forth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 42 and the total pending payments to posts in these categories was $2424.11. To see the full list of highest paid posts across all accounts categories, click here.
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First scenario is unlikely! Second scenario i predicted in my post 26 days ago:) Can't share the link here
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Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 164.63 SBD, based on the pending payout at the time the data was extracted.
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thanks haejin
you are great bro
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If price doesn't hold $575 and eventually get above $750, we will test the weekly demand at $400.
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you basically say it could go up or down. wtf is this
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He just wants your UPVOTES. He don't care if you make any money on Crypto. His post are supposed to confuse you.
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It's time to get rich . Selector free tokens at AIRDROP
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^--- You made this exact same comment at least 41 times in the last 8 hours. View these duplicate comments
Upvote this comment to support @duplibot and help reduce spam and superfluous comments.
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Hey @ghmboyan and @beautiful-barbie
I see @flagawhale transfers to you both for
Your Cave Troll quest payoutso it seems like you may have downvoted me for commenting on a haejin post.I'm hoping that I was just caught up in your automation and that you would consider removing the downvotes. Thanks for your consideration!
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