LogicalDeduction
Long

Ethereum - first crash to $180, then shyrocket to $5000

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
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This chart tells the future.
Pan around the chart (left click and drag) and experience the perfect symmetry.
Chartgasm at the highest level.
Comment: Here's the short term chart. Sell Sell Sell :D

Comment: Zoomed in...

Comment: I think we are heading to $188.
(added another Fibonacci circle set)

Comment: I'm filling out this update with some text: Ethereum has challanged and broken the trend channel for ethereum , for now it still seem to hold but keep in mind the last time it broke the trend channel was in Mars 2017, at the price $29, when the enormous bull trend initiated. Also it "accidently" spiked down to the trend channel and slightly broke it in April 0.08% but that doesn't really count (because of low volume , haven't checked the volume I'm guessing). Keep in mind I don't know for sure what happens next. I'm hoping it to crash down to $188 where I'll definitely buy, but maybe it wont. Since the last update, boh large and the small Fibonacci circle set have been further proved by the price movement. There's also one other Fibonacci set (a smaller one) that also has been futher proven. I'll not show that in this chart below because the simplicity of the chart will degrade and that's not good.

Comment: It's crashing beautifully.
Comment: I'm not buying yet. I think it will stabilize around this level, when BTC spikes up...
Putting this on neural.

Comment: I'm still waiting for my $188.
Hopefully I can buy in within 10 hours.

Comment: Getting increasingly pessimistic (short term).
Buy at $175.

Comment: The charts above are made with "Occult Magnetic Pattern Analysis". I just made a website about it: http://occult-magnetic-pattern-analysis.weebly.com/
Comment: More converging trend lines has established.
We are seeing alot of confusion from this. It's getting crouded so to say...
I think these combined will be the brute force pulling up Ethereum from drowning next to a sinking Bitcoin. Sure hopefully Ethereum will sink for a bit next to Bitcoin for a while so we can buy in but it should be pulled up, imo. But pretty soon I think Bitcoin will instigate a downward trend whilst Ethereum will go the opposite way...

Putting this on neutral because of the confusion.

Comment: If it breaks $310 the movement to $500 should be swift imo.
Comment: A short term bounce up is probable.
Still follows circular Fibonacci, didnt't touch anything!

Comment: Listen... If it doesn't bounce up you see where the two Fibonacci circle sets cross just a bit below... It's at my beloved price $188. I want it to go there, but most probably it will bounce up. I'm putting my buy order at $188 which I probably wont get anyways but it's there lurking...
Comment: Close up chart.

I haven't touched the circular Fibonacci since I drew then a long time ago.
Still the price move according to those patterns perfectly.
Isn't that fascinating.

Down at the bottom you see the $188 price rattling...
Most probably it won't go there...

Comment: I'm changing my mind. There is a high probability it will go there. Just look at the spike down the last time. It occured at the same type of spot.
Comment: Bought at $280 since it broke out of the bearish circular Fibonacci set outmost ring.
looks spot on so far. 5k incoming imho ;-) Btw your omg post was good. But my deep fa tells me 90% that ethereum is the phoenix. This year will tell us i guess. TRADE AT YOUR OWN RISK PEOPS!!!
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@qdoc, ps chartgasm
;-)
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Umm you mean $500 not 5k?
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@nsepia, I mean 5k :)
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nsepia LogicalDeduction
@LogicalDeduction, Where is that in the chart? Can't find it
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@nsepia, But it's just a point of attraction. Don't take it too seriously.
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that chart need like 1 year bro hahaha
but really very nice chart
Thanks.
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Hello. btc is falling. We can see that eth also tends to decrease. So you can update the ETH trend where we can buy it. thank you . I enjoyed your analysis?
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@letruongbx6, Updated.
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@letruongbx6, If you want you can try inding short term converging trend lines. I would guess there's some starting from 14:th of September either pointing up or down. This could help you in your decision making. I'm out for a run in the woods now :)
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