JorgeAbascal

JorgeAbascal

In USD we've touched the top of the channel, I believe we need a correction. In non log scale, we can see the chart looks like a bubble. Is my opinion that a big correction is coming. Atached you can see the same chart in LOG scale. (Related ideas)

JorgeAbascal

In USD we've touched the top of the channel, I believe we need a correction. In non log scale, we can see the chart looks like a bubble. Is my opinion that a big correction is coming. Attached you can see the same chart in normal scale (non log scale) (See related ideas)

JorgeAbascal

You know it :)

JorgeAbascal

I believe Ethereum can soar a bit more, but it is about to touch the top of the channel, so I believe this bubble will pop soon. Maybe it will reach 0.22 btc, but It is obvious for me that it needs a correction. Another sign of the "Ethereum bubble" is that every Ethereum Maximalist (I love calling them this) really believe ETH is going to replace BTC, the same...

JorgeAbascal

I believe it won't go over 0.25 (right now)... it will drop and will be like an MtGox x30000 event

JorgeAbascal

Just playing with elliot waves and bitcoin

JorgeAbascal

There is a yuuuuuge inverted S-H-S (marked with green lines) that makes me think that the target point is somewhere near 1300 usd

JorgeAbascal

This is the other scenario. As I said, people buy ethereum with bitcoins, ethereum is in a parabollic movement and for sure a bubble. Ethereum will grow until bitcoin cannot go lower. That might be the pink line (historical minimum) in the chart, but also because we have a pennant, it might breakout in the same direction as the initial large movement and reach...

JorgeAbascal Updated 

ETH - > LONG to 0.05 (Increase of about 60%) BTC -> SHORT to 250 usd (Decrease of about 60%)

JorgeAbascal

ETH - > LONG to 0.05 (Increase of about 60%) BTC -> SHORT to 250 usd2.74% (Decrease of about 60%) I'm posting also the BTC DIP as i think it will be drawn. HERE:

JorgeAbascal

I'm too lazy to write.... asdasdas asd asd asd asd asd asd asd as da sd asd as da sd asd as da sd asd

JorgeAbascal

Just saving here my idea

JorgeAbascal

This chart describes what i think bitcoin will do in the next months. If you look to what has happend you will understand my guesses are based on known max/mins.

JorgeAbascal

This is what bitcoin will do in the longterm based on historical levels.

JorgeAbascal

I think we're bearish until we reach the 215 usd area and then we will se a bounce.

JorgeAbascal

La otra teoría que manejo

JorgeAbascal

According to the 2011 bubble... this is what should happen....

JorgeAbascal

Don't know why but i started drawing lines and this is what i think.