I agree with your analysis. I have similar one here presented with different targets + patterns
mobibifi
⋅
thx my good sir, i am always a willing student...
laocreates
⋅
2018 will be an alt run. that's what i'm hoping.
mmohuudat
⋅
thanks!
zomatowefa
⋅
Thanks for the analysis!
MichaelShutterbug
⋅
Thank you for sharing your chart. What do you think about this chart?
Waiting until end of year or January to buy more ETH. BTC around 10'000USD at the end of year because the big money is comming. Means 0.03BTC for one ETH=300USD. Your opinion?
konstantinkoll
⋅
@MichaelShutterbug, I think this chart is problematic. BTC value has risen a lot, so measuring ETH price in BTC does not give the right picture.
diegofnu
⋅
@MichaelShutterbug, NICE. It makes sense if, Bitcoin is about to get a major correction. It can be a good 6 month plan for dolar cost averaging.
MichaelShutterbug
⋅
@diegofnu, No, I don't think Bitcoin is going into a major correction beside of the usual 20-35% corrections which are over after 4 weeks in maximum. Big correction like 2013-2014 is comming later. Now the big money is comming into Crypto and especially Bitcoin. It is hopefully going to be parabolic. Guess what it means for ETH when 1 single ETH cost 0.5 Bitcoin in sumer 2018 as guessed in the chart above? From December 2016 until June 2017 we saw 70x in ETH and this move is reflected in the chart above. Than we saw Bitcoin outperforming ETH because of consolidation. Why should ETH not going into the thousands in early 2018? POS could be a trigger. Big players and rich individuals who want to be prepared for POW passive income. And after Bitcoin futures have proofed to be successfull, imagine what is goin on when roumors come out about ETH futures. I'm courios about your thoughts. I'm a hodler. I will only try some mayor trades for the big trends. And I see ETH outperforming Bitcoin in 2018, but Bitcoin still rising. That's why I'm going to move some Bitcoin gains into ETH at the end of 2017. Bitcoin civil war is not over yet. Just started. This will maybe attract buyers to invest into alternatives like ETH.
diegofnu
⋅
@MichaelShutterbug, ETH is a my main investment. I love bitcoin for what it represents but i dont have faith in the bitcoin franchise in the long run. I think there are better projects down there. ETH developers seem more focused in designing and building than "delivering news" to the comunity, their creation is already runnig wild hosting other projects which makes them even stronger. No hype. I can imaging a full out war between the bitcoins damagig the whole crypto image (bitfinex-tether fraud headlines on mainstream media)a couple of months of holding and then media picking up on ETH. If that doesnt happen, ETH would just take longer to take the lead. Whatever happens, that chart made me understand better the value of dolar cost averaging between seassons to put the money where the lift is happening, while its happening. Since i shorted BTC at 7k, right know im only trading pump alts(most alts are not ready for holding, BTC whipes the price if it moves), and acummulating ETH while i look for an entry on BTC. Thats my strategy atm.