ETHUSD failed to break up 309.64 and still down after hit fibonacci retracement 0.618 Projection from ABCD fibonacci pattern (AB=CD) at 1.618 (31.0)
pattern failed condition : this pattern failed if fibonacci 0.786 break up at 355.61
Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies/cryptocurrency can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Bunch of haters in here. If you don't appreciate the work Dian has done than you should not be posting here. Thank you for your work Dian, it has been very helpful to me and many others :)
AzrulAzir
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@btcfreak, its only an analysis,.. there is no right or wrong here,.. i learn fibonacci,. and i get same pattern here, so i draw and post it. If you think ETH will go up and break 355.61,. this pattern failed. but as long as 355.61 untouched, this patten is valid. If you not agree with this analysis is ok.
ETH down because BTC up its not right answer too, because there is strong coorelation between BTC and ETH. you can see from that pict,, they have same movement in general.
and btw,..
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies/cryptocurrency can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
bonnzer
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@btcfreak, bullshit is overpriced ethereum, especially with dux Vitalik. It has nice idea, but this coins with all its forks, bugs and huge blockchain - just a fuel for dapps with infinite coins limit (!!!!), there is no reason for sooooooo high price..
btcfreak
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@bonnzer, I am sorry for you that you missed the big ETH rally.
bonnzer
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@btcfreak, missed? I've made five zeroes with this rally and I'm glad as f**n elephant )) but it's somehow unreal.. I still don't believe that ETH should have that value.
NoCode326
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@bonnzer, ETH is backed and utilized by hundreds of organizations worth litterally trillions of $ of market cap. Additonally there are start ups and governments all over the world who are using it. 2 years from infancy. BTC will NEVER be utilized in the manner that ETH is being utilized NOW. Again, 2 years from infancy. This is, in fact, real. The only reason ETH is not yet approaching $800 is because of ICO's which are good long term because of absorbtion and ETH based businesses in general. ETH is light years ahead of BTC.
In 12 to 24 months ETH will overtake BTC in market cap, big banks wouldn't be in on it if it wasn't going to happen.
bonnzer
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@NoCode326, agree, ETH utilization is very well, but there is no reason to pay attention to capitalization of organizations which using it. ETH primary purpose and feature - smart contracts and distributed apps. That's more simple and greater than usual distributes VPS-VDS+native apps, but with $800 price of "fuel" it will be too expensive to use such "hosting".
While Bitcoin rides the waves based on new of hardforks, blockchain scalability and its size - nobody cares about this aspect in ETH - consider the exponential blockchain size (in GB), it will unusable for many users in few years. May be I'm loosing something important about ETH, but that's my IMHO. Sorry for my English. =)
tangkp
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@btcfreak, There's no right or wrong here, she clearly suggested 2 possible outcomes, I suggest you find some TA's that you like, this is her space.
btcfreak
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@tangkp, I can state my opinion anywhere, there is no "myspace" as its public right?