Inverted Fibonacci Bat Wings - Death By ETH-USD TA

Jun. 15, 2018 6:02 PM ETEthereum USD (ETH-USD)BAT-USD, POE-USD5 Comments
Hans Hauge profile picture
Hans Hauge


  • For the love of God, stop with the TA charts.
  • Why Ethereum matters.
  • The not too distant future as I see it.

Ethereum Is Not About The Price Of ETH

I understand that this is an investing platform and that ultimately, we all want to make a return on our investments. But, trying to understand Ethereum by looking at ETH (ETH-USD) technical charts is more akin to Plato's allegory of the cave.

Sure, at times, ETH is overbought or oversold, but I'm going to suggest that obsessing over technical charts (especially if the author is also shilling natural male enhancement, I'm not kidding about this) does more harm than good. If you are interested in investing in ETH, just follow these simple steps.

  1. Figure out why Ethereum matters, spend some time to educate yourself.
  2. See if you actually care; maybe it's just not your thing.
  3. Understand the risks, which are many.
  4. If you are still interested, wait for the price to be at a reasonable level and DCA your way into position.
  5. Wait three to five years.

So, Why Does Ethereum Matter?

Let's think about this. According to, Ethereum is a blockchain app platform that lets you make unstoppable applications. So, why would anyone need an unstoppable application?

An Alternative To State-Controlled Media

I have a friend who lives in Nicaragua. Do you know what's been going on there since last month?

Students, people shot protesting the deaths of other students, journalists: all delinquents. The government shut down several TV stations in the first few days of protests. Other reporters were robbed, beaten and harassed. Several of the reporters I talked to said a lot of the aggression came when they were photographing the Juventud Sandinista, the FSLN's youth group, or police attacking protesters. - Ticotimes

What do you do when you live in an oppressive regime, and the state has the power to just turn off the TV anytime it

This article was written by

Hans Hauge profile picture
I started my career as a factory manager and then switched over to software. Along the way I got a BS in IT, an MBA, and discovered Bitcoin. I started a couple small companies and wrote a few articles about cryptocurrency. Eventually I became the opinion leader on Seeking Alpha for the Bitcoin/Crypto. Currently heading up quantitative strategy at Ikigai.

Disclosure: I am/we are long ETH-USD. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (5)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.