BTCUSD is in an impulsive move up 1 of 3. This may take us to 4100 BTCUSD. Using a current ETHBTC spread level takes ETHUSD to 307. Using a lower level of .068 takes ETHUSD to 279. Using April low of .0342 in ETHBTC brings a level of 140 - lower than current levels. Given 4100 in BTCUSD (could be 6100 - we shall see). A 2-wave following 1 of 3 in BTCUSD could bring us back to current levels. We have "possibly" carried out a 5-wave sequence in ETH with a possible larger 2 wave in the making. Possibly still not done.
Purchasing here gives rise to possible pain down to at least 93 and possibly 63. That said, both BTCUSD and ETHUSD have longer term upsides that are generational in trading nature. Reach for "some" pain if you have missed the boat but be prudent with respect to amounts. Leave some rope for lower levels. If not so be it. We won't see 11 dollars again outside of an EMP attack.
Fundamentally, ETH has cemented itself as the "gasoline of finance". It's future is currently very real. Also, note ETHUSD issuance model in link below.
blog.ethereum.org/20...e-model-in-ethereum/
"If kerosene works, why not gasoline".
Kerosene, Bottle Rockets
www.youtube.com/watch?v=Er7FsR46...
Purchasing here gives rise to possible pain down to at least 93 and possibly 63. That said, both BTCUSD and ETHUSD have longer term upsides that are generational in trading nature. Reach for "some" pain if you have missed the boat but be prudent with respect to amounts. Leave some rope for lower levels. If not so be it. We won't see 11 dollars again outside of an EMP attack.
Fundamentally, ETH has cemented itself as the "gasoline of finance". It's future is currently very real. Also, note ETHUSD issuance model in link below.
blog.ethereum.org/20...e-model-in-ethereum/
"If kerosene works, why not gasoline".
Kerosene, Bottle Rockets
www.youtube.com/watch?v=Er7FsR46...