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SUMMARY
It is almost most ideal to have a stair step rise rather than the unsustainable vertical explosions. The below chart shows shorter and larger degree of trends for Ethereum (ETH) with a mid-point targets of $1,714; $2,218 and a high of $2,659. Now, I DON'T HAVE A CRYSTAL BALL! No one does! I'm purely using a probability mechanism supported by Elliott Waves, Chart Patterns and Fibonacci mathematics plus experience. However, I believe the Cryptosphere has embarked on a Altcoin Bull Cycle. I've been calling the Altcoin Popcorn Symphony! When a sizable bull sentiment is driving prices up, one needs to see it in terms of bigger and larger Waves. Below chart shows the Elliott Waves where I've subdivided the blue wave (iii) into an impulse of five.
Below is the ETH/BTC pair. WOW! The breakout has been impressive....like a bunch of mad bulls breaking out of a corral in the shape of a bullish downward pointing symmetrical triangle! Note how the triangle is impregnated with a smaller triangle...bullish! The Elliott Waves point to an all time new high potential at 0.1735 BTC....or HIGHER!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Disclaimer: 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.**
ETH
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Do you also have PIVX analysis?
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You're a liar. You do have a crystal ball.
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No, but I'll bet he has a Magic 8-Ball.
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This may be the first time I see it as not being so bad to be a liar:)
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No crystal ball but does have my upvote.
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xD
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I like the sound of ETH @ $2500
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ETH is a solid investment! It is probably the year of ETH.
A truly exciting time for the owners and investors. The owner had some moral issues with the way the crypto community is reacting toward the $$ involved.
Remember! There is more than money. This technology is revolutionary!
Keep up giving people power @haejin and people listen to this guy!
I believe we all know where ETH is going.
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I think there are plenty of reasons why ETH will increase to those predicted figures and beyond. Theres Casper coming out, then Raiden, Plasma, Shading (all meant to help with scalability). Vitalik has also recently setup a fund to get people to develop of scalability solutions.
Also having Vitalik with such high IQ and passion is another great reason to believe that ETH will "succeed"..meaning it will ultimately create a world changing technology that will better our society. Goldman Sachs also recently named ETH as one of 8 trends thats about to change the world. When you have a big player like Goldman saying that then you should pay attention.
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Totally agree, ETH will be revolutionary, just like internet. We are witnessing the beginning.
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I totally agree! It'll be a exciting year.
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thanks for sharing！
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In pure monetary terms I guess this makes sense but with EOS looking like a much better long term project I am inclined to go with that. Thanks for the update Haejin.
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I am of the belief that BTC has run it's course. Time for the ALTs to step up and take over.
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The only reasons to be optimistic about ETH is that it has a talented team and few amazing projects running on Ethereum. Think how many world changing projects are on board with ETH. EOS will have to help them migrate. Currently EOS is like the Original Xbox or the New Xbox One X. A pure monster in terms of technicals but no must invest projects on it.
EOS needs to get people to migrate.
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Indeed, can expect another x10 by launch ;)
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I totally agree. EOS will leave ETH in the dust long before those scheduled improvements are in place.
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EOS has a long way to go before it affects ETH, anyhow I would hold both just in case.
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I am by no means a crypto whale, but almost all the crypto I have is in Ethereum or in Ethereum mining contracts.
Why? Because I believe that it has a stable long-term growth future for its niche use case. It's a great framework for tokenizing projects, either for capital raising purposes or creating niche revenue streams for e.g. digital goods and subscriptions to digital goods.
So I think that when Bitcoin Core hits a major correction -- and I believe that it will in the first half of this year -- Ethereum may take a small hit, but won't collapse as spectacularly, and will go right back to growing because its inherent value proposition is different from Bitcoin's. There are things it does that are not in competition with the case for Bitcoin or any Bitcoin variants as a direct medium of exchange.
The battle in Bitcoin right now is whether it is going to be a medium of exchange for buying a Coke at a convenience store, or whether it's going to be a high-end settlement layer. There's no future in the latter, at least at current market cap; and on the former, there are other cryptos that seem to be both doing a better job now and geared toward continuing to improve (Bitcoin Cash and Dash are two that come to mind).
None of this, by the way, is intended to argue against @haejin's short-term market analysis. My understanding is that he has a great record of predicting such trends using the Elliot Wave analysis method. If I was doing short- to medium-term speculation in crypto, I'd be following his advice.
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I think it's too soon to speculate on when we will be using cryptocurrency for our daily exchanges. 2018 seems like a year of adjustment and possibly merging, i.e. some strong coins will probably merge together and the weaker ones will slowly die. Plus there's going to be a lot of war by the banks which are definitely not going to sit back and watch bitcoin take over.
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True -- it's going to be some time before we're all checking out at Walmart, paying our bar tabs, ordering pizza, etc. with ZCash or whatever.
BUT: That is one of the promising possibilities of cryptocurrency, and it seems to me that it's the Holy Grail of such possibilities. And it seems to be the one that the Bitcoin white paper was aiming for.
Obviously as Bitcoin grew, speculation in its increasing value was going to drive that growth, but it wasn't created for speculation purposes.
And obviously Bitcoin was also suitable as a settlement layer for large money moves, but that wasn't what "Satoshi Nakamoto" had in mind as its primary purpose.
Bitcoin was supposed to be used for ordering pizza, checking out at Walmart, paying bar tabs AND as a high-end settlement layer, and speculation on its price fluctuations was just to be expected.
But once the big players decided to shit the bed on the scaling problem, that big first use case started disappearing as fees grew and waits lengthened. I don't think that the speculation prices can hold up long term under such conditions. At some point, either Bitcoin speeds up and gets reasonable fees again, or its price plunges and stays down, while some faster, cheaper competitor takes its place as the marquee crypto.
If I had a lot of money to invest in crypto, I'd probably go include Bitcoin Cash in my portfolio. Since I don't, I'm heavy on Ethereum because I think it will last and on Steem because I can earn it instead of shelling out fiat for it.
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Ethereum ETH, can be good for a trade, but the platform has issues. I think EOS is setting up for a big move and is one to watch for 2018.
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If and when it ever gets here. "A bird in the hand....yadda yadda yadda"
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The EOS roadmap has its production release set for June 1. So far they've been hitting all of their target dates ahead of schedule. It will happen.
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I live in a distant country, close to a river, life is hard, but the Internet is opening the doors of a new understanding, and thanks to @haejin, I am promoting my small investments, once again @haejin, thanks
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With all of the alt coins prices being so unpredictable, ETH seems to be the best for long term. Yes?
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Forget the charting on ETH. One of the reasons Ethereum will triple from this $1,000 level by the end of 2018 is that it is one of the only real investable businesses in the crypto world, even if we never use it as a coin. Which we will. Sure, take some profits on the ridiculous spikes and re enter on the pull back. But forget the charts on this one.
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Good information
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Ether seems to be the safest crypto asset. Buy the dips and HODL!
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Hello haejin. Thanks for this promising outlook. Do you think you could have a look on IOTA since it has some interesting pattern formed right now. Bullish but not too bullish though IMO. Would be really interesting if you could share your thoughts.
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Thanks Haejin! I believe in your accuracy. Also, all the exchanges are on hold when it comes to new memberships. When the exchanges are open again, the market is going to boom. I'm very bullish on ETH.
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Wow, great. Thanks Haejin!
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nice but 2k is understated. 5 to 10k is my forecast by the end of 2018. Here's a very simple analysis: ETH has been consistently shadowing bitcoin within a price range of 10 to 15% of the price of bitcoin. I expect bitcoin to hit 50k to 100k since year, and so 5 to 10k is a very conservative price estimate for ETH.
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I am a believer in visionaries. Vitalik Buterin is really one of them, as well as Dan Larimer is. Both are great minds with true visions on how to make the world a better place. It will be interesting to see EOS and ETH clash against each other. May the best man win.
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I am a long holder of ether. In for the long haul. Bought in mearly 2 months ago on a whim. I have no plans to sell and the info you give is worthwhile. Hoping your wrong and it skyrockets to 10k, then ill sell, get it all in $1 dollar bills, throw it into the air and bathe in it saying....."yes....yes....mmmmm. Kyle's money...mmm it tastes so sweet in my mouth"
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(Borat voice), "0.1735 BTC would be niiiiice!"
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very good predictions hope these come true and all of us following the crypto's will be nicely paid.
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Thanks for info should I invest all my money in ethereum
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He suggests few coins daily. Is not smart to put all eggs in 1 basket. That also means is not smart to put all saving into crypto either.
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Please consider dividing your investable funds into 10 to be diversified. Inevitably, one or more of these puppy's is going to zero before it's all done...
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good information @haejin. thanks for sharing bitcoin information. i like your post and following.
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Oh, nice job. :)
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I'm loving this optimistic outlook!
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I think we have about 4 months in this crypto space before we are priced out of the big coins (btc,eth,ltc,neo). These are my versions of the FANG stocks (facebook, apple, netflix, google)
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Nice Post @Haejin Can u plz tell whats going on with #XVG?
Explosion post even did not make it right
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Ethereum has more usage than bitcoin !!! One day Ethereum market cap will be higher than bitcoin !!!
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we will see :) I think eth can go more than 2700 ...
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Thanks!
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Let's go ETH!!!!!
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Get instant notifications. Go follow twitter: Haejin (@Haejin_Crypto) | Twitter. You'll get notification on twitter that link directly to this page (stemmit). To turn on mobile notification, you go to the 3 vertical dots on upper right and choose that option.
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amazing
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Kaboom! There it goes!!!
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Well it seems ETH is already trending and looks like it's going to breakout sooner than later.. Is it too late to buy?
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Ive been buying smaller coins with ETH these last 2 weeks. Im starting to regret it now.
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Hello sir, can you take a look at STEEM? Seems to be consolidating and I would guess (without looking yet) that it is forming a triangle.
:)
Thanks and have a great weekend.
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He already posted an update a few hours ago on STEEM.
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He did one today and set a target of 14.
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Thanks man, missed that.
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Cool thanks, not sure how I missed that.
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Do you think that Ethereum will give us the chance to buy a pullback? Maybe the $1000 level?
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i dont think eth will 2k now. maybe end jar
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I totally agree. I will be heavily investing in Ethereum in 2018, and holding my other coins. I thinnk Ethereum is the new Bitcoin. Unless it's Ripple... But Ethereum is so much easier to buy. Now that Binance has blocked new customers Ripple is even more difficult to get ahold of. Then there is the fact that you must keep a minimum amount of Ripple in a wallet. Ethereum has a lot more going for it in my opinion.
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Hi bro! Remarkable posts. You also seem to make a lot of money. How about you teach me the secret of your business?
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@haejin what do you think of bcpt? Blockmason credit protocol?
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Good post, I am a photographer, it passes for my blog and sees my content, I hope that it should be of your taste :D greetings
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i am a noob but i see an abcde correction?! will go up today or tomorrow higher than 1400 or is the e correction still not done yet and it gets lower to about 1150? thank you very much, like before i was just investing blind ;) now i can improve a lot every day! @haejin
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Smart contracts are deterministic exchange mechanisms controlled by digital means that can carry out the direct transaction of value between untrusted agents. They can be used to facilitate, verify, and enforce the negotiation or performance of economically-laden procedural instructions and potentially circumvent censorship, collusion, and counter-party risk. In Ethereum, smart contracts are treated as autonomous scripts or stateful decentralized applications that are stored in the Ethereum blockchain for later execution by the EVM. Instructions embedded in Ethereum contracts are paid for in ether (or more technically "gas") and can be implemented in a variety of Turing complete scripting languages.
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we know u don't have a ball but it seems so! ;) will u make a post telling the % of accuraccy of your posts. Thanks for your informations!
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Ethereum payments will also be very popular with Poof's Ethereum payment gateway https://www.poof.io/.
ETH prices are bound to go up long term because of all the adoption from Silicon Valley companies like Amazon, Cloudflare, and Poof.
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