Way too much bullish sentiment to even consider price reversals. Price reversals if and when they come are very short term events that are continually being left in the rear view mirror. I'm going to have to call for $1,000 ETH this year and probably higher.
Who is Satoshi Nakamoto? We beleive we have found out. We will know more when (not if) BTC hits $13,800 in February 2018.
Put ETH on your WATCH LIST and let's see where the $500 line is on The 4th of July 2017.
ETH is forming a CUP AND HANDLE right here and looks like an IMMINENT BREAKOUT is about to begin. $300 is an easy reach and probably more to follow as we have discussed previously. Just think if you only risk 1 ETH at $233 here then your downside risk isn't much. But if you have no skin in the game then you'll miss the upside. Always a great way to think...
Even BLOOMBERG is mentioning that ETH is likely to pass BTC by 2018. Just what does that mean? $4,000? $5,000? Maybe BTC and ETH are going to run a historic race into uncharted territory? Don't underestimate this possibility. It's not only possible it's becoming more probable every hour.
IMHO I don't see this chart remaining for too much longer in the stagnation that it has been in now in this sideways consolidation. However absent of any news catalyst for LITECOIN this could drag on for a few weeks yet. But any dip into the TEENS really presents a buying opportunity for LITECOIN. LITECOIN as soon as a notable press release comes out on it will...
BTC is unbelievably bullish but it has to be. In order for price stability the a peer to peer payment system people don't want to enter BTC to lose money. It must go higher. In fact those who say BTC will be $100,000 in a few years may be erring on the low side. This train is on its own set of high speed tracks now.
I'm hearing a lot of ETH price targets in the $1,000's and even that of equaling and surpassing BTC here in some kind of race. You can't say it cannot happen but conservatively I think $500 in AUGUST 2017 is about to be priced in.
LITECOIN has been quietly forming a BULL FLAG and stagnant consolidation pattern. This will not last much longer IMHO. There has been an unusual avoidance of LITECOIN but when investors decide that the price is just too low to ignore you will see them all jump in at $40 and $50 taking this even higher.
Here's an idea to approach LITECOIN as a silver stacker. Instead of physical silver, consider LITECOIN. LITECOIN in its current consolidation pattern is proving some nice swing trade and also what appears to be a buying opportunity. In my opinion a trip to above $50 and probably $60 appears likely by AUGUST 2017. The nice thing about LITECOIN is it has an...
I call this CRYPTO-CURRENCY MARKET the CRYPTOSPHERE. In my opinion this is a RAPIDLY EMERGING GLOBAL MARKET that has yet to impact the USA and European markets to their fullest extent. But it's soon taking over the world by force now and even the central banks are taking notice. What happens next remains to be seen as we continue into UNCHARTED TERRITOR that is...
LTC is SILVER 2.0. Maybe it's the most undervalued ALT COIN in the CRYPTOSPHERE based on some recent news and improvements. Some people hate LTC and really have no reason to like or hate it. Right now LTC is not moving up but that could be the real advantage after looking back two months from now.
Watching for a pullback to $150 doesn't mean the market is turning negative. It just means it would be presenting you with a buying opportunity. The news on China trading ETH didn't do anything. So I wouldn't doubt a near term pullback is possible. Otherwise it's up up and away.
Prepare for new developments and higher price action with LTC commonly referred to as SILVER 2.0. This is a different kind of SILVER however just as BTC is a different kind of GOLD. Notice how BTC passed the price of GOLD? Well LTC or SILVER 2.0 is showing some possible signs of THE TRAIN LEAVING THE STATION. Do you hear the whistle blowing? We think this may...
If you should be so lucky as to BUY THE DIP...
BULLISH SENTIMENT REMAINS STRONG and IS NOT LIMITED TO ETH ALONE. HOWEVER THE INTEREST IN ETH IS ON THE INCREASE AS INVESTORS LOOK FOR A SAFE HAVEN IN THE CRYPTOSPHERE. WE ALSO THINK WITHIN THE NEXT 60 DAYS THE TARGET OF $500 IS A VERY CONSERVATIVE ESTIMATE AND MAY BE ADJUSTED MUCH HIGHER VERY SOON IMHO.
The participation in the USA and Europe is behind many other nations and makes the USA and Europe an EMERGING MARKET in the CRYPTOSPHERE. This entire new economy is only getting started. We are currently only at a fraction of an exponential rise in price action.