goldbug1
Panjang

ETH - It was Like Watching Paint Dry!

BITFINEX:ETHUSD   Ethereum / Dolar
Having a position in ETH' over the past few months was like watching paint dry as BTC', BCH', Dash', and XMR' along with several others were soaring to new highs. Believe me, the past week it took everything to hold me back from liquidating the ETH' and LTC' positions and going all in on BTC'. I was tempted as I'm sure many of you were. But as a long term investor I have learned from past experiences that the emotion of "impulse" has often led to missing out on gains or actual losses as I buy into a hot stock selling a flat one only to watch the flat one take off and the hot stock pullback.

Well ETH' has finally left the station and appears to be full steam ahead. On Nov 23rd we posted a chart with a target level of $458-$482. It actually hit our target level and consolidated nicely in the channel with a short lived spike that surged past $500 temporarily before pulling back and testing the previous resistance line where it found support. After completing an ABC' correction is it quickly retesting the previous resistance level . In my opinion this is a bullish sign and I will trade a breakout. I have updated the chart from Nov 23rd with revised target levels.

As we enter a "brave new world" of cryptos, Ethereum' has many more applications than just being a peer to peer means of barter/exchange, and much less competition. Bitcoin             competes with a number of coins. Contract based payment systems and the applications for them are endless and this is truly and internet of things play moving forward.

Before I get 30 contract based coins that are in development, many I already own, most if not all all speculative at this point and do not have the market penetration ETH' does. ETH' has a working product and market penetration. Many alt coins use the platform as well. First to market advantage!







@goldbug1 any updates? It has hit your target box. Where do you think the correction here should take us back to? Do you think it will be below 710 or higher?
Balas
Hey Goldbug.. Has the paint dried yet? ;)
Wondering about the wave count given by Crypto-Ed and the upside potential here....

Balas
It has passed 679 on the way down now. Any idea where it's going to bounce?
Balas
Wondering if still get one last tick up from 700 USD at the moment. It has almost reached your target though. Nice job and thank you. My first + trade :-) . I know...it's a learning proces ;-)
Balas
Great job!
Balas
Thank you @goldbug1 !

What do you think about BTG?
Balas
Now, this time I'm really going to sit the ride out. Had the past four months of checking what best suited me, but I what you mentioned before is correct: Short /very short term is not working, mid term/long term works best. Thanks for all your work!
Balas
You da man. That is all.
Balas
Is there a forecast for today and tomorrow?
Balas
megalo99 cmanuel83
in about 3 hours ago, it's gonna go up and make a bullish pennant around 505'ish.
Balas
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