ETHUSD Analog to AMZN in 1999 Correlation Continues - Price Target $1600

in #crypto7 years ago

The AMZN 1999 stock chart and ETHUSD current chart continue to look identical. I've been tracking this since last summer during the June/July selloff.

Screen Shot 2018-01-09 at 2.10.21 PM.png

Here's a post from about two weeks ago I did when ETHUSD was around the $700 price level

https://steemit.com/ethereum/@chris-d/analysis-ethsud-2017-2018-and-amazon-1999-2001

The analog continues, putting the next price target for ETHUSD at about $1600.

Then we might sell all the way back to the $800 level.

Market psychology is always the same, the way investors/traders react to markets are the same. Currently 1999 is the time frame I'm mapping against the crypto currency space.