Decentralisation in action

Short update.

The ETH moved to the expected ranges in the BTC ratio. ETHBTCLongTwo waves. The relationship between them 1,61. The second one looks like very nicely formed 5 waves move (green numbers). While the wave IV made the new high, the volume dropped.

What does it mean in “human language”?

ETH advance to take the place Nr.1 in cryptospace will most likely stop for now. BTC is about to gain some losses back (as ETHBTC ratio will correct down).

In some time we will probably see the “unusual” distribution between BTC, ETH and few other coins where no one could claim the “king of the crypto universe” anymore.

Decentralisation in action..

Regarding the BTC. There are some mounting signs that we might see the top soon too. Spiegel.de wrote recently an article on BTC and they usually do it close to the top. Sometimes shortly before, sometimes shortly thereafter. That was the case with the previous (2013) BTC meteoric rise, also with Gold, Oil, USD or EUR. The story repeats itself constantly. So, if even if BTC manages to break through $2000, cautious is the key.

The real performers, anyway, are currently outside the bigger players.

They are smaller caps, which are easier to “pump” for the big speculators. We see it already now and the trend will only increase over the course of the next months.

Find your way there. Have a nice summer time.

The Elliott Wave Principle describes the behaviour of the financial markets. This Principle is build on the mass psychology swings from pessimism to optimism and back in a natural sequence. When these swings happen, the specific Elliott wave patterns in price movements are created and become visible. Each pattern has implications regarding the position of the market within its overall progression, past, present and future.
The purpose of our blog posts is to outline the progress of markets in terms of the Elliott Wave Principle.
While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will my posts make specific recommendations for any specific person, and at no time may a reader or viewer be justified in inferring that any such advice is intended.
Very important. Investing carries risk of losses. You should be aware of all the risks associated with investing/trading financial instruments. Information provided in this blog is expressed in good faith, but it is not guaranteed.
The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities.
This blog and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.
In no event will we be liable for any loss or damage on your account in connection with the use of our publications.
Advertisements