A bit of fun - until it isn't.
I do expect ethereum to have a third wave before it halts on the growth front (maybe indefinitely) but I always thought it would stop around 0.3btc.
Interesting fib behaviour in the past mixed with long term previous support and resistance could suggest a top of somewhere around 0.55btc a coin but obviously it would be more about USD value and the price of bitcoin could drastically change and throw this chart out.
Realistically though, a $600bn marketcap for ethereum doesn't sound too crazy and would mean around $6000 a coin, also says potentially a lot about bitcoin, where i could see over $1.2tn marketcap.
I do expect ethereum to have a third wave before it halts on the growth front (maybe indefinitely) but I always thought it would stop around 0.3btc.
Interesting fib behaviour in the past mixed with long term previous support and resistance could suggest a top of somewhere around 0.55btc a coin but obviously it would be more about USD value and the price of bitcoin could drastically change and throw this chart out.
Realistically though, a $600bn marketcap for ethereum doesn't sound too crazy and would mean around $6000 a coin, also says potentially a lot about bitcoin, where i could see over $1.2tn marketcap.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.