Zoom back into daily mode, I tried to find the Elliot trends and decided to move the end of wave 3 to the new high. It seems to make more sense to me more than ending wave 5 and making a new Elliot waves.
In ETPBTC pair, the support is strong around 35KSat which hasn't been touched but kept at higher support at 39KSat. This should be a good buy zone if it will...
This graph shows the long term Log Sale using BTCUSD pair from Bitstamp.
This is very rough prediction.
In the past, the previous Bitcoin rise started from 210USD in September 2015 from around 0.786Fib of the previous ATH. The assumption is that it will happen again which will be around 7,500K in Feb 2019.
## Prediction ##
It will reach the latest ATH somewhere...
First of all, this is the log scale.. it is what I've learnt from Mikael. The log scale fit perfectly for crypto. You may like to try draw it for Bitcoin history to see something fascinating.
Ok... I believe the first elliot wave has ended due to Wave 5 retraced more than 0.618fib. So.. it seems like this anti-bearish-market rise needs some correction before...
$ETP shines after SuperNova hard fork.
Low cap coin + Great tech/team + Very under-valued
TA looks like $ETP is rising in the channel or it may also form giant cup handle or giant inverse H&S
The fundamental is great, if you want to make good long term investment.
Digital Asset + the first Blockchain with Digital Identity (Avatar) + Superb Lightwallet
From my drawing in the past, BTC retracement has never closed lower than 0.382 fibo support of the previous wave. This might be the first time BTC may touch 0.236 ($8800)
We are in the falling wedges, and if BTC support is high, we could break out at (1 - follow yellow) or we will continue to bounce in this channel and attempting break out again at (2 - orange),...
The worst major FUD during recent weeks.
I don't know what to say else than this greasy quote
"The stock market is a device for transferring money from the impatient to the patient." -- Warren Buffett
The most bullish day for ETP.
Let's see how where ETP will close in 24 hours... Likely to break ATH at 6$
Analysis will follow
$ETP Metaverse super break out in...
January will definitely will be the moon month for ETP if there is no further exchanges delay along with many awaiting several news to come.
25 Dec, Bitcoin God Fork which will also drop to ETP holder.
This is one of the very optimistic view looking at previous uptrend channel before Flash Crash and the wide open channel.
ETP is the Chinese Ethereum designed...
For the last peak at 9.9$, I think the Wave3 doesn't finish yet.
From 9.9$, OMG retraced nicely to 0.5 fib area, time to go up more.
So it would be nice to continue Wave 3 along the orange line.
Next Target: 11 - 11.2
Stop Lost: 8.5
I see OMG forming a small ascending triangle at 8.5 top.
The Wallet SDK hype will push the OMG to break out to test the next resistance.
If the resistance at 9.6 can't be broken, the Elliot Waves have to be redrawn.
It is unlikely that triangle top can't be broken.
$ETPUSD Metaverse Possible 3 Long Targets 5.04$, 7.14$, 8.0$
I have redrawn the last failed 1st-3rd waves into the whole first wave of new possible Elliot Wave trend.
The conservative LONG target is 5.04$
But it may probably go higher. (or even higher - see ETP CUP!)
ETP is speculated to be the solid coin second next to NEO as the Chinese Ethereum, but yet...
This is my prediction.
I am not sure I will be right.
But I have fun doing so..
And I have learnt a lot from twitter.com
He has created lot of good tutorials on Youtube.
PS. Please don't believe anything here, I draw graph for fun only.
IOTA is probable in ABC Correction after the end of Elliot Waves, or still in the 4th wave.
Due to the coin speculation of IOT which is base on Tangle technology, I wish that it is forming bullish pendant and will grow up more
Please see the graph for expected targets.
PS I draw graph for fun only.