mazoto

ETH / USD Bitstamp: Restore price or bubble?

Long
BITSTAMP:ETHUSD   Ethereum / U.S. Dollar

On January 2, in one of the Telegram chats, I drew a Ethereum motion projection in connection with the upcoming HardFork (this is not wave analysis, it is just a projection). As you can see, in the figure and on the chart which is attached is depicted the figure of a bear flag , which at the time of growth signaled a correction. Everything happened, we fell back a bit and most likely we will go up in growth over the next day due to the upcoming Hard Fork.


I do not like Ethereum , and moreover, I think everything that is happening now, is nothing more than a bubble that inflates before HardFork, as was the case with BiCash. But falling, most likely, will not be as painful as in the case of BiCash. Use these assets only for speculation and quick profits, you should not keep them for a long time.
Comment:
As previously mentioned, we started an uptrend. If the 12 hour candle closes above the upper green line, we will continue to go in an uptrend towards $ 170. Life is good, if you use a stop order, be careful.
Trade closed manually: I closed my positions on ETH USD in a small profit, and probably, in the future, I will still spend more time on Bitcoin. Not a good idea, but glad that is not at a loss.

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