jaydee_757

Ethereum Update - Monthly chart! Target: $6000-9000 in December?

Long
BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
The ELITES will win this game and they are causing fear in the market so they can buy cheaper. DO NOT LET THEM WIN THIS TIME! Facts are in the charts!

Everything is on the chart! Dips/Corrections are normal and needed in a bull market, and are BUYING OPPORTUNITIES! HUGE GAIN opportunity in the coming months!!. On the chart, Stochastic RSI is about to cross on the weekly again. We need confirmation end of the week. RSI is clearly oversold on the weekly! NEVER TRADE BLINDLY. USE MULTIPLE INDICATORS TO MAKE CALCULATED DECISIONS. TRADE WITH NO EMOTIONS!!

MY LAST ETHEREUM CHART HIT THE LOW ON THE T!! ACCURACY AT ITS FINEST!! SEE BELOW FOR MY OLD CHART ;)

PLEASE LET ME KNOW WHAT YOU THINK OF THE ANALYSIS.

TO KNOW WHERE ALTCOINS ARE HEADED, WE NEED TO KNOW WHERE ETHEREUM (KING OF ALTCOINS) IS GOING!!

FACTS:
1. IN 2017, IT TOOK 6 MONTHS FROM THE 67% CORRECTION TO ALL TIME HIGH! (REACHED $1400 IN JANUARY 2018!)
2. IF WE WERE TO COPY 2017 MOVE, WE WILL BE AT AN ALL TIME HIGH IN DECEMBER 2021!!
3. STOCHASTIC RSI FOR 2017 AD 2021 ARE EERILY SIMILAR!
4. RSI FOR 2017 AND 2021 ARE EERILY SIMILAR! LAST TIME WE WERE AT THE 71 RSI LEVEL, WE SHOOT UP 10X FROM THE 67% DIP IN 2017!!


BEST TARGETS TO BUY (BEST TIME TO GO LONG!! THIS IS WHERE AVERAGE PERSON BECOMES A LEGEND!!):
Target 1: $1728 (Corresponds to the 0.618 Fib)

BEST TARGETS TO SELL:
Target 1: $6018 (Corresponding to the 1.618 Fib)
Target 2: $8669 (Corresponding to the 2.618 Fib)


"If you can't beat the fear, do it scared!"

"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.

"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet

"Show me the charts, and I'll tell you the news." - Bernard Baruch

Comments

why did the stiochiastic rsi show adivergence back then I dont get it ... ive never seen it showing a divergence in any chart before
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Best TA I've seen
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jaydee_757 spenceclay4
@spenceclay4, Thanks!
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I couldn't agree with you more. buy, Hodl.
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jaydee_757 CrypytKeeper
@CrypytKeeper, Indeed!
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Do you think if the double top doesn't form and RSI sees a downtrend then we see a new low this year. Just curious, great chart by the way and interesting observation.
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@Mudrex, if we dont see a double top, and we break below the 0.618 fib level (around 1700), on the monthly, this chart is invalid. I kinda doubt it though. I believe we will rise very fast.. If we dip down that 0.618 target, im buying a whole lot of ETH! I have buy targets around there... also around 1400ish as well.
+1 Reply
Mudrex jaydee_757
@jaydee_757, I really dig that optimism on ETH. much appreciated :)
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hatsoff2u jaydee_757
@jaydee_757,

Im looking for a sub 2k buy this weekend. The holiday, although generally good for crypto with current sediment will work against us. Expect sub 2k today when people trade out, hoping for sub 1800 buys by Monday.

I do believe July will end over 3k.

Im not drunk on hopism
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