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filbfilb
Mar 9, 2021 1:22 PM

ETHBTC: EIP 1559 Accumulation funnel Long

Ether / BitcoinCoinbase

Description

I wanted to share this potential roadmap for ETHBTC ahead of EIP1559 in July.

Fits Livermore's schematic nicely and the weekly resistance levels also make sense.

Lets see.

filb.
Comments
IasEn
ETH at 0.1btc will be the best top of a ponzi ever created. Consider that on launch of Ethereum it was sold for 50 btc per eth... Because of Ethereum there is the term "shitcoin" 🤣🤣🤣
utilmind
@IasEn, ponzi is BTC, which is nothing but speculations. Instead go figure out the daily volume of smart-contracts in ETH blockchain.
RoldElthe
@IasEn, Nice calling the base of Web 3.0 a ponzi, lol.
Aussie_Trader_1
@IasEn, BTC does nothing, can't even function as money ahahah
sadovski32
Look at the dollar bill,do you see pyramid there with an eye?
btcgoroshi
What is EIP1559?
illpanda1942
@WHATISTHIS It's a new way of using gas for eth. It's supposed to set a lower baseline fee with the option to tip the validators if you need to make sure your transaction gets included ASAP. It also burns the gas to lower the total supply with each transaction.
btcgoroshi
@illpanda1942, Thank you for your explanation :)
Wildan79
@illpanda1942,
As a miner I love the smell of burning ETH gas. :)
Yet even from a neutral position I can say that EIP1559 was a really bad idea. It will have a seriously negative consequences for the price of ETH long-term.
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