This is exactly what the BTCUSD 1 day chart looks like but it took longer to complete. The mania of ether started after that of bitcoin and followed closely in its steps. In addition the tops are forming with perfect Fibonacci ratios, almost exactly like btc. I would be shorting this back to 800-900$ for the next couple of weeks at least
You are correct. Going to $750 in two and a half days though (should be equal with bottom of wave 4).
MysteriousPersian
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@MaxMotives68, exactly what i was thinking. perfect fib ratios shows somewhere in 750$ region
MysteriousPersian
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@TristanKhanizadeh, i have buys at 700 and 600. try to catch fear sells
MaxMotives68
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@TristanKhanizadeh, I don't know if it will get much lower than $700. The 61.8% fibonacci is at $737. Wouldn't want you to miss out. ;)
MysteriousPersian
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@MaxMotives68, no offense but I dont care about missing out. Rule number one for not losing money on the market imo. if it hits it hits, if it doesnt to bad
MaxMotives68
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@TristanKhanizadeh, It's all good.
MysteriousPersian
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@MaxMotives68, what ill actually do is put 25% buy at 750$, 50% at 700$ and then 25% remaining of my trade at 65$0 and average it out. since im pretty sure itll make a short recovery over 800$ at least. thanks for the idea