eBTC Analysis: STRONG BUY! Correction is Nearly Complete! Target $0.95 or 665% Profit Potential...find out the details in this blog!
SUMMARY
For such a young ICO, eBTC is revealing very nice bullish signals! BUY! BUY! BUY! It completed a very nice impulse set 1,2,3,4,5 and now is nearly complete with the requisite a,b,c (red) correction. It's just about done so almost on (v) of v wave C. NOW is the time to be taking BUYING action on eBTC!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
are you a god?
What is eBTC? I like to know a bit about coins I am buying.
Haejin - the price drop "correction" was because of an error found in the code. I'm curious as to how TA accounts for patterns that could not have been predicted. Part of me believes that the correction should be almost disregarded, but the other part of me (the one that you probably religiously adhere to) is that the "how and whys" of chart patterns don't matter. The chart is what it is.
I know we have talked about the role fundamentals and narrative before (XVG going to 5.50). My belief is that TA is tool and only part of the analysis. You also have to look at other factors and the narrative of what's going on.
Take Equifax as an example. TA wouldn't have been able to predict a breach (obviously), but at the same time, if you were just looking at the chart and not reading the narrative, you might think it is a correction. However anyone reading the narrative wouldn't need TA to know that Equifax's price will not recover anytime soon.
Is it unsafe to completely rely on TA 100%? I assume not, TA can't be flexible. In other words TA analysis can't be personally adjusted if you know other factors.
Curious to know your opinion and if you initially thought like I did before you fully embraced TA. Thanks!
How does TA work for a very young coin such as INXT I(nternxt) in which the graph only show that people are accumulating?
Are we expecting the 5 EW?
Great post!!!
Hi @Haejin when do you think verge and whitecoin will reach there respectable targets which you stated in your diverse video couple days ago?
The longer term targets for Q1 or Q2 of 2018.
Sorry I'm not familiar with the terminology of "Q1 and Q2"
Q1 is the first quarter, so, Jan-Mar. Q2 is Apr-Jun, and so on...
Interesting! Where can you find ebtc?
etherdelta.com
You deposit ETH into a new account or connect an existing ETH wallet. Then deposit ETH into Ether Delta, then use to buy eBTC.
Thanks! Will take a look at it.
Easier said than done!
Extremely clunky platform.
Love your work tho 😎
They have a good help guide, step by step i managed to buy ebtc now.. thanks haejin :)
EtherDelta is really a pain in the ass... made a few buys ending up in an error but transaction fee was taken... i pull out my money and give mercatox a try.
Managed to get an order filled yesterday on EtherDelta, but the platform was very slow to use. Also tried Mercatox, which worked without any problems.
Hello Haejin, thank you for your posts. In which timeframe do you think it will potentially go up 665%? rgds
@haejin, first of all, eBTC did not have an ICO. You took a risk talking about this coin. It is really a shit coin.
I have looked over its code and it is pretty bad. All this coin has to offer is money to the creator (which owns over 1 million coins).
As long as potential investors will actually look into the project, they will realize that it has no future. Not even a speculative one. It doesn't even have a whitepapaer because it is not trying to do anything. This coin got its current evaluation from using the name BTC, but it does nothing. The code is so flowed that it doesn't even retain bitcoin's idea of fixed supply. You can "hack" it to have unlimited supply.
All eBTC is, is a dumb idea you can code in a few hours.
It might do the 6x thing you are talking about if the community grows and gets listed on a big exchange.
I find this unlikely because the important exchanges care a bit about their brand and are not going to risk listing a scam coin.
Taking all this into consideration, you still consider it will go up 600%?
I see your passionate fundamental assessment. Thanks.
I made 37% profit on this trade. As a TA, that's all I look at....because Technical Analysis begets the fundmentals.
A very controversial coin indeed. I tend to believe in TA as you have taught. I am guessing this count is still valid? I am very intrigued and got a little skin in the game.
I completed my trade with >35% profit. I'm now out.