ETHUSD: Medium Term
Cập nhật
Well! Here we go.
This chart in plain sight clearly gives the wave completed by Ethereum. It looks like a part of Grand Cycle Wave I. Wave II was on expected lines, behaved well.
Now the Wave III.
This chart in plain sight clearly gives the wave completed by Ethereum. It looks like a part of Grand Cycle Wave I. Wave II was on expected lines, behaved well.
Now the Wave III.
Giao dịch đang hoạt động
Just to declare the longs ;)Ghi chú
How low can it go? In vicinity of USD 190. Well, Am I long? Yes.
Am I in a loss, currently? Yes.
Am I cool about it? Absolutely.
But why? Because I know I have taken a medium term long position and it's not a margin trade. I anticipated these risks and am long.
What will I do if ETHUSD reaches those low levels? Buy more and preferably as a investment ;)
Ghi chú
Did it reach the vicinity of USD 190: YES!!!What did I do then? Bought more positions!!!
What about my earlier losses? Vanished in thin air.
How did it happen? Remember, I am not a TRADER. I don't freak out on minute waves.
What next? Look below & tell me what's new:
Ghi chú
BTC vs ETH: One man's food, another man's poison.The saying couldn't be truer.
I have been reading prophesies of ETH reaching sub-$ 50. I am trying to get my mind around it. But, I don't realize how.
1. Technicals: There is no corrective scenario that says ETH will fall below USD 103. ETH, if it wants to "Exist" needs to stay over USD 103. Period. A drop below that, it will lose all the gains of this year and will just become a cheap coin for times to come. I have iterated those values even when ETH was at $150 and shall again reiterate.
2. Common Sense: Here I refer to the above saying. I am sure all here would agree ETH is closest competitor to BTC, a frenemy indeed. Let's say BTC dies, people still want secure cryptos. There are plenty of countries who are against BTC, but few against ETH. (It's like list of porn sites being shut one by one, and not at a go.) People need alternatives and ETH is right there!
Will it fall? Maybe! Will it go below the death number? Let's give it a 3 in a million chance.
My targets remain as they are. What will I do on every dip? Purchase more.
Ghi chú
I am happy with the recent moves. It affirms my long stance.What I am perplexed about, is the interpretations people make of the charts. A note to the chartists: It's okay to make mistakes. If you are new, making charts for the first time, say so. No point in making others lose money by wild predictions.
What next? I have been busy collecting funds for college. However, I check the messages once a day and respond to each one of your PMs. Forgive me if I am late.
Donations are welcome!
Ghi chú
Upward missile ignited! First safe target can be found as:x+1.6x+x-0.23x-0.23x=$ 657
=> 3.6x-0.46x=$657
=> Pie = $657
=> x=6657/PIE => $209+$137
Result => $346
On safe side lets say, at least $ 320 before any minor correction....
Donations highly welcome! BTC address mentioned in profile...
Đóng lệnh: đạt mục tiêu
Ghi chú
ABSOLUTELY BEAUTIFUL!Ghi chú
Ethereum Link to donate: 0x8cc2ac854bb57f805613934285b864594cc53240
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.