ETHOS: What Do You Think Will Happen?
SUMMARY
Here is ETHOS/BTC which in December put in a hastly five wave impulse up with a very long needlelike wick price for wave 5. Since then, the correction has been deep enough to spike retrace towards the prior wave 2. The pattern is the second most common consolidation type; a symmetrical triangle. What do you think will be the next price move? Look how close the price is to the apex. Would this be an ideal time to be taking Buying or Selling actions?
Taking a look with the MACD can supplement the technical picture. I'm projecting a breakout from the symmetrical triangle for both price and the MACD. This would allow a sizable rally from April into July or so. Usually, the breakout exceeds the start of the pattern so all time new highs are likely.
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Break-out is about to happen!
For the Post on ethos!
@healthiswealth, if you continue to support @haejin you will get shit on just like Kim Jong Un shitting on @haejin!
@haejin you make great toilet, just like your TA!
Why all the hate towards this haejin guy?
I was just commenting.
So, your asking me to just stop up voting him?
can I still comment?
Man I hope your analysis plays out. I think Ethos is a great project, but got in near the top so my investment returns don't match my enthusiasm for the project. I can't wait for them to launch their wallet. I know from first hand experience that there is a huge group of retail investors that want to get into cryptocurrency but aren't willing to jump through all of the hoops that are currently in place. If Ethos can crack that nut, it will be a major milestone in the wide, mainstream adoption of cryptocurrency.
Ethos has a great future and strong fundamentals. Their main weakness is the massive amount of competition for universal wallets. That said, they’re getting close to launching Ethos UW. I think a strong combination of positive TA, plus good fundamentals, may lead to a decent price hike. Here’s their website if you’re interested, https://www.ethos.io
For me, surely one of the best coins out there. Not only because of great products that's going to be released soon, but mostly because of extremely dedicated and professional team. Having former high executive of Blackrock (Stephen Corliss) in company that tries to create new financial ecosystem (it's not about Universal Wallet only, oh no), is simply perfect.
What differentiates Ethos from competition is that they're VERY focused on legal side of their business from day one. They decided to take a high road, hired one of the top law firms in US and make SURE their model will be safe on legal side. That's a huge plus.
In Q2 or Q3 they plan to add fiat gateways to their wallet, later on debit cards and atomic swaps. So You get universal wallet with security of hardware ones + easy access to cryptosphere thanks to fiat gateways (bye bye Coinbase) + ease of spending Your cryptos + ease of getting new ones without transferring funds to exchanges.
If they succeed in part of their plans, they're gonna be big. If they do all of it, they're gonna be HUGE.
I honestly don't see a competition with such plans and at the same time, being so serious and advanced with legal side.
I sure hope so - it would do my portfolio a whole lot of good if the price would only recover to the $7 at which I bought my wodge, the largest holding I have. You're so right. People seem to think 'wallet, and even that's been delayed'. But there's so much more to the project and the team is both convincing and dedicated. Do you go on the 'Ethos Daily Summary' Telegram channel? Stephen Corliss, who you would think has enough on his place, is incredibly diligent on there, fielding queries in the most detailed and constructive way. People say 90% of altcoins will go to the wall, but I wouldn't mind betting Ethos will escape the cull, though whether I can afford to hold on until it does is another matter entirely.
There are soooo many projects out there that it's very hard for people to get deeper understanding of each one. We tend to scratch the surface and give tags like "universal wallet", "decentralised exchange" etc. I guess in most cases it's true, but in many, there's so much more and Ethos is one of them.
No I don't use Ethos Daily Summary, but I will now. I'm frequently on main ethos channel and trading one. Stephen and Shingo answering in depth and promptly amazed me from day one. I'm holding big stack since $0.70 and intend to keep it long term.
And You're absolutely right - after cryptogeddon that will surely come someday, Ethos is one of coins that imo will not only survive, but thrive in the world after.
I encourage You to dig into BTS (Bitshares) too. It's a similar story - people tagged it "decentralized exchange", but it's a whole advanced ecosystem, one of the first (I think it was created in 2013), but at the same time, one of the most advanced technically. It was written by in my personal opinion tech savant Dan Larimer, that made STEEM and EOS later on. Dan is no longer on board, but still close to the project. I strongly believe decentralised exchanges are the future and BTS is surely the most advanced one and already 3rd biggest in terms of number of transactions.
Check out http://blocktivity.info that shows data on real usage of blockchains. Steem is first, BTS is third, with ETH between them and BTC 4th. Notice the last column showing whether chain is overloaded. ETH is now with it's back to the wall, BTC is struggling, but both STEEM and BTS are fine. Funny thing - one of the VERGE developers was boasting a few days ago that it takes 30 seconds in their blockchain to create a new block. Well, in BTS it's max 3 seconds for a looooong time now. And EOS that is to start officially in June, is going to have 0,5s blocks.
But back to Ethos - hold it man. Price spike incoming with the release of EW, but true game changer will be fiat gateway later this year. There is a slight chance that we both hold an AMAZON/APPLE-like shares that will make us millionaires in upcoming years. I wish You that :-)
I wish you that in return :o)
Like I say ETHOS was $7 when I got in (my $1476 is now worth $512) so at this point even breaking even looks like a result. At $0.70 you're already doing pretty well, and whatever happens (though I don't know what effect a prolonged bear market would have on the project's finances) surely it must be up from here, even if BTC goes sub-$5K or wherever the hell it's going.
My problem is that although I would much prefer to be in solid-to-highly promising projects like Ethos, right now I kinda wish I'd been in XVG when they promised their big coup, then got out when the announcement came (I was just about to be until they had their tech problem and pretended it was no biggie - that put me off). In order words, something please just go x10 to give me some breathing space. :o) For the moment, BNB has been saving my portfolio / ass and long may it continue do do so, though I will be using some of it to get some STEEM to power up, once the balance of exchange between the two coins improves. (On this, do you happen to know the answer to something I'm finding surprisingly hard to get to the bottom of: how much SP would powering up say $500 of STEEM give me?)
Thanks for BTS. As you say, so many projects, so little time, and though I've hovered over this one as it's gone round on the carousel I've never really delved in. I'll do so now. Thanks for the other tip, too (Block'tivity), which again I'll be looking into once I've pressed 'Post' on this. You in EOS too then, or not?
What a fun, crazy ride it all is ... enjoy that first million.
PS The Block'tivity thing is pretty striking. Why don't you do a post on it?
Bro can u anylys ARN BRD ?
Hhh
Only Bitcoin
Beware of over the counter sales of BTC to big business. Circle investing and the Winklesvoss twins are selling bitcoin by the billions and the volume doesn't show on exchanges! There alot going on in the undercurrent....
Beware of the big business BTC sellers vendor Circle investment and winks youth Bitcoin is selling millions of crores and does not show in the volume exchange! Running underground ...
Hey @haejin ! Just to let You know - Ethos can be also analysed in TradingView. Ticker for it is BQX (it was Bitquence before rebrand and still didn't change in Binance).
Do you have any idea why they aren't changing the symbol? Keeping the old symbol makes things confusing in an already cluttered space.
Absolutely no idea. I know Ethos team is pinging them to change it for months now.
@haejin thanks for your post - i agree with you
I posted about Ethos a few minutes ago and came to nearly the same conclusion using slightly different analysis
Airdrops these days get simply manhandled by whales. See the recent $PRL airdrop of $SHL. Brutal