Ethereum Price Prediction 2018 – Let’s do the math

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Align:start [Music] went on guys this is Dave here with game of coins and today I’m gonna be covering is a theorem about to make a move against Bitcoin now if this is your first time here make sure to hit that subscribe button as I regularly put out videos with updates on the market as well as tips and tricks on how to up your crypto game because ultimately it’s about you becoming a winner in the game of coins that we are playing so is it that I’m about to make a move on Bitcoin I’ve been paying close attention to the etherium over the past couple days and some interesting things have definitely been coming up that are making me feel like a really really big move is going to be coming for aetherium so the first thing we’re going to be looking at over here is the etherium to Bitcoin chart always keep in mind with cryptocurrency it’s about making more Bitcoin not more US dollars so a theorem to Bitcoin what we’re looking at over here is the daily chart and this green line basically represents the lows for aetherium over the past two years so this is a very very strong trend line that has been you know established for quite a bit of time here and we’re seeing if they’re gonna do some pretty interesting things if we’re looking at over here for the past a little bit over six months aetherium has been moving down against Bitcoin basically basically meaning that Bitcoin has been outperforming if they’re him over the past six months which means that you were probably you’re basically better off to have your money in Bitcoin because bitcoin was outperforming it but we’ve been seeing aetherium make a pretty interesting and strong move what I’m gonna be drawing over here is a downward trend line for aetherium that has been effect for roughly six months now see this trend line over here that is 160 days over there so what is that like a five-month trend line or something like that we’re looking at anyway the longer that the trend line has been around the stronger it is and looking in closely here a theorem has you know had a hard time trying to break through this line we have 1 2 3 4 5 6 7 times that aetherium tried to break through it and got rejected and it finally recently cleared that trendline that is a very very very strong move we could be seeing some really really big things coming up for aetherium here on top of that we’re seeing a lot of order volume coming in so here’s a couple of things that I think you guys should look at today so you can try to see where I’m coming from and you can also make your own decision with it so this whole move over here that we’re looking at from aetherium from this all-time high over here which is 15 million Satoshi’s all the way down to the low which is about million satoshis I’m gonna use a simple tool here called the Fibonacci retracement tool with my trading I try not to use a whole bunch of different indicators because you really don’t need it for the cryptocurrency space so this is the hundred percent move we’re looking at here right from bottom to top that’s 100 percent and what does the theory I’m doing right now it’s at the roughly the 23 percent retracement line so it’s breaking out of that too when we’re looking at it potentially breaking out of that 23 percent retracement line now to bring a little bit of a history or historical context into this I’m gonna backtrack to back to 2016 when the same thing happened over here this was the all-time high for aetherium which we’re looking at at that time that’s roughly was a million Satoshi’s and we went all the way down to 700,000 Satoshi’s so key take a look at this from top to bottom right there what happened last time aetherium broke out of that 23 percent retracement all the way down 23 percent when we finally broke out oh and to add to that it was also breaking out of a downtrend last time aetherium broke through a 23 percent retracement it ran all the way up here we are looking at again breaking out of a downtrend and we’re you know fighting through that 23 percent retracement line I personally think that if we break through roughly 6 million satoshis and we hold a but hold it there I think we’re gonna be having a really really nice long bull run coming for a 3 mm of all these drawing tools out of the way I think that if we clear through here we may see another full market cycle kind of like this whole run over here let me get a drawing tool to make it make sense but we may be seeing a run from aetherium going like that again meaning that if your name is on the I think we’re probably close to being on the verge of a theorem outperforming Bitcoin over the next period of time may not happen tomorrow that it moves may not happen in a few days but it does look like early signs of aetherium outperforming Bitcoin over the next you know a few weeks or months or so the other thing you always need to take in consideration when looking at this is what is Bitcoin doing if we hop over the bitcoins chart Bitcoin hasn’t been too great as of late but the thing I always want to guard myself against is dramatic moves by a Bitcoin because if you ever pay attention encrypt those that if Bitcoin moves up fast or moves down fast both situations typically result in every other altcoin bleeding and going down and relative value so as we everybody’s been kind of noticing right now Bitcoin it definitely is not looking bullish doesn’t look like it’s about to ready to take off I think Bitcoin may be boring you know for the next few weeks or so maybe because here’s what we’re looking at we’re at a strong support zone maybe we break through that but there’s a little more consolidation over there’s price action over there that you know even if we slip through this we may go down slowly I think that Bitcoin might be moving slowly down for a little while until you know probably sometime in 2018 that would really take off I’m also looking at this line that I’ve drawn here this is the all-time high line that Bitcoin respected all throughout 2017 as you could see we touched it many many times and it took a very very strong move for us to break through that all-time high line usually when you with crypto or any kind of training is that previous resistance will become support so that means that once we broke through it this line should now become a support line so I personally think that if Bitcoin really does you know fall loose it may fall down to this line it is of course ultimately totally possible that we can drop down to the seventy five hundred dollar range totally possible but it doesn’t appear right now that bitcoin is about to make a very very fast impulsive move down or up it seems like it might just be boring for a bit either way with this may get room tools again over here oh man remove all drawing tools anyway what I’m just gonna be looking at over here is that I would like to see aetherium hold above this level over here close above this little resistance time tag you know I want to see get above this line over here and close above this line meaning that it just doesn’t jump up and come back down but if it holds above over here I think we’re gonna go into a full market cycle like that and you know have a groom outperform against Bitcoin over the next you know some period of time you know whatever this cycle of time taking but I think we’re looking at some really really bullish indications of aetherium of course this is ultimately my opinion this is not financial advice make sure to do your own research do your own analysis and make your own financial decisions based off of that but if you enjoyed this video make sure to hit that like button also don’t forget to subscribe share this with your friends I also like to hear from you so please leave a comment down below I will make sure to respond if you have any kind of questions otherwise thanks for watching guys and remember in the game of coins you either win or you die peace out

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