This chart shows we are in long term accumulation of Ethereum for the next digital asset bull market cycle. This is a continuation of my previous post indicating that the bottom is in for Bitcoin.
After enough analysis, I believe that the opportunity in front of you is the exact same as the opportunity to buy Bitcoin between $200-$220 back in 2015.
Below I have shown some charts of the Bitcoin 2015 bear market end and the start of the bull market accumulation. As you can see with Ethereum, we are in the first stage of accumulation. Now, we are going to make a turn down to $100-108 for some more accumulation.
I would expect some more ranging after that, taking us back up to the $180s again, before one more brutal shakeout down to $85. However, we could have that shakeout right now, it is not necessary to wait that long. But, it would be the most logical if we did some more ranging before we did that. So, this accumulation could last through the rest of 2019.
This is making me extremely bullish on Ethereum, when I otherwise was not previously. Sure, I've held some bags of Ethereum, but nothing too substantial. However, this setup tells me that I am going to be accumulating as much as I deem appropriate below $110. Any time we are below $110, you can be sure I am sitting there buying it. Especially at $85 if we get the chance.
Bitcoin end of 2014 Bear Market and beginning of 2015 Accumulation / Bull Market:
Ethereum end of 2018 Bear Market and beginning of 2019 Accumulation / Bull Market:
This long term accumulation would give a price target for Ethereum between $22,000-$24,000 over the next three years.
As the usual saying goes, I am not a financial adviser. Any decisions you make are your own, not mine, and you are responsible for those decisions.
Good luck!
After enough analysis, I believe that the opportunity in front of you is the exact same as the opportunity to buy Bitcoin between $200-$220 back in 2015.
Below I have shown some charts of the Bitcoin 2015 bear market end and the start of the bull market accumulation. As you can see with Ethereum, we are in the first stage of accumulation. Now, we are going to make a turn down to $100-108 for some more accumulation.
I would expect some more ranging after that, taking us back up to the $180s again, before one more brutal shakeout down to $85. However, we could have that shakeout right now, it is not necessary to wait that long. But, it would be the most logical if we did some more ranging before we did that. So, this accumulation could last through the rest of 2019.
This is making me extremely bullish on Ethereum, when I otherwise was not previously. Sure, I've held some bags of Ethereum, but nothing too substantial. However, this setup tells me that I am going to be accumulating as much as I deem appropriate below $110. Any time we are below $110, you can be sure I am sitting there buying it. Especially at $85 if we get the chance.
Bitcoin end of 2014 Bear Market and beginning of 2015 Accumulation / Bull Market:
Ethereum end of 2018 Bear Market and beginning of 2019 Accumulation / Bull Market:
This long term accumulation would give a price target for Ethereum between $22,000-$24,000 over the next three years.
As the usual saying goes, I am not a financial adviser. Any decisions you make are your own, not mine, and you are responsible for those decisions.
Good luck!