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File: 106 KB, 1101x888, ABCETHBTC.png [View same] [iqdb] [saucenao] [google]
13443533 No.13443533 [Reply] [Original]

Good morning /biz/raelis,

I hope you all survived the black swan event of yesterday. Rather than speculate more on the fate of tether/Bitfinex, lets discuss the technicals on ETHBTC.

Looking at the 1D chart of ETHBTC, there's a pixel perfect expanded flat correction finishing today/tomorrow. The RSI below confirms this pattern.

A stop loss around 0.0245 makes sense as there should be significant support above this level. A breakout above 0.04 sats could see ETHBTC test levels as high as 0.048 and 0.056.

Where the price is now, this provides an excellent risk/reward. Good luck faggots.

Also fuck jannies.

>inb4 banned
>inb4 TA is for faggots

>> No.13443543

>>13443533
any possibility to 0.1?

>> No.13443555

>>13443543
I don't think its very likely. The amount of volume since 2017 above the 0.023 level should be sufficient to never have to test below again.

>> No.13443571

The real pump will begin once we get any info about Beacon chain. Just one tweet from Vitalik, confirming that it is on track to be launched in 2019 still and we'll see a megapump.

>> No.13443611

>>13443533
if only i could short. I would have made so much money. Any tips on learning meme waves efficiently ?

>> No.13443620

>>13443571
Although knowledge of fundamentals such as this are welcome, TA focuses on the movement of markets without the need to guess the influence of future events.

>> No.13443731

>>13443611
I pair Elliot waves with RSI to confirm likely areas for changes of trend. 30,40,60,70 on the RSI(14) are significant depending on the expected larger trend's direction. 40/70 in a bullish trend and 30/60 in a bearish.

Fib levels help give targets for retracements and projections.

>> No.13443785

>>13443533
checked but how does that correspond with BTC moves? BTC is pretty bearish rn and ETH usually follows suit

>> No.13443974

>>13443785
I agree that BTC's movement has a strong influence on every alt (even ETH). Despite most alts falling as BTC falls, they all fall by differing amounts due to their own underlying trend.

>> No.13444033

>>13443533
nice dubs
anyways, bought a grip yesterday, because I remembered how badly I wanted to buy $150 ETH when we were crushing the ATH. The days of 1ETH=0.1BTC are all but forgotten.

>> No.13444208

>>13443533
i love how every TA here on biz is always UP

fucking idiots man

>> No.13444359
File: 51 KB, 741x640, awfoliahjwflkajiflijawf.png [View same] [iqdb] [saucenao] [google]
13444359

>>13444208
I may be an idiot, but I'm an idiot with much more money and success than you

>> No.13444380

>>13443731
yeah i watched philkons videos too. im trying to go through the actual book and learn everything to learn about waves rather just look at those videos.

>> No.13444415

>>13444380
I've never watched his videos, or any others' videos in the crypto space for that matter.

The best thing to do is research individual indicators without relating them to crypto initially. I would suggest learning how RSI is calculated and you'll soon understand what it represents and why it matters.

>> No.13444424

>>13444415
yeah i get rsi. Bearsish and bullsih divergence. Im past that. Im trying to get better at my wave count then just 5,3,5

>> No.13444479

>>13444359
>USDT
>Money

kek

>> No.13444530

>>13444479
cringe cope

>> No.13444571

>>13444530
what can you buy with Tether? What can you buy with ETH?

what a faggot :D

>> No.13444628
File: 462 KB, 1210x1600, 1556014525148.jpg [View same] [iqdb] [saucenao] [google]
13444628

Seems like OP was right.

>> No.13444660

>>13444571
So you consider all crypto worthless?

>> No.13444666

>>13444628
so far so good. keeping my fingers crossed.

>> No.13444684

>>13444660
This. With >>13444571 logics you can say: what can you buy with USD (pretty much anything) and what you can with BTC/any alt

>> No.13444724

>>13444666

holy shit checked. what price is a good long entry in your opinion ??

>> No.13444757

>>13444724
I think we're bottoming out sat wise. Depending on what BTC does over the next few days, we could get cheaper in terms of USD. Perhaps as low as $135-$145. Nothing wrong with buying now if you're already in BTC.

>> No.13444765
File: 147 KB, 443x168, basedandredpilled.gif [View same] [iqdb] [saucenao] [google]
13444765

>>13444666
nice trips

>> No.13444774

>>13444660
can you buy anything cool with it? only a handful of merchants (worldwide) accept bitcoin or a few other cryptos. of course cryptos are worthless

>> No.13445356

>>13444774
Or OP could cash that ETH out for USD and then buy cool shit. So it’s very much not worthless.

>> No.13445763

bought at 176 please tell me it will go back over that

>> No.13446061

>>13445763
We should be able to get over $200 easily. Could take a couple months though

>> No.13446880

>>13443611
https://0104.nccdn.net/1_5/1d1/31d/37b/A.J.-Frost--Robert-Prechter---Elliott-Wave-Principle.pdf

you are welcome, twat

>> No.13446892

Quit putting your faith in these degenerates with schizophrenia who think they can predict a market like crypto. OP, go suck on some more dick.

>> No.13446901

>>13446880
>implying im not already reading that

neck yourself for speaking to me in such a manner

>> No.13447316
File: 34 KB, 843x406, mO7UseS.png [View same] [iqdb] [saucenao] [google]
13447316

i like elliot waves too

>> No.13447333

>>13443533
>inb4 TA is for faggots
not all TA is bad, but this is some shit TA bruh. The more complicated you try to make it the less accurate it is. If you need to draw more than 1 line youre doing it wrong