Metroplis Release Confirmed 10/17/2017 Block 4,370,000 LONG LONG

Youtube stream of Ethereum Developers meeting recorded here:
youtube.com/watch?v=gxtftZB7_jA
Metropolis Hard fork set for 10/17/2017 block# 4,370,000 (will have to double verify, but I believe its correct)

stoch rsi on daily 85.7719,85.9971, slightly overbought
rsi 50.4481, nominal
50/200 - still bullish
price is below cloud
tk cross: bullish tk-cross below cloud (not a bad signal)

Fundamental events over the next few weeks and days will overrule technicals.

I do see a potential dip on 1h, 4h candles, but overall this bad boy is going upward. I would not really margin trade unless you have stops.
A good entry would be anything under 200 EMA or close to it on daily candles (red line). I'd say ~.07 or under is ideal

I'd post more, but its 3:20am and my sleeping pills are kicking in. Cheers guys, I hope you all make some good gains on this one.

Note

TP0: .0846 (if you are in it for a quickie)
TP1: .0936
TP2: .1
TP3: .126

Note

1h Stoch RSI: 71.38,71.68 (nominal)
1h RSI: 67.71 (nominal but pinging overbought)
1h t-k cross: bullish, but above cloud (mild signal)

4h Stoch RSI: 100,94.1883 (overbought, we may see a dip in the next 4-16 hours)
4h RSI: 69.2579 (pinging overbought, but has gas to go up a bit more)
4h t-k cross: bullish, but mild
4hr price in or above or below cloud?: in cloud. we see if it breaks .0758 on a seperate 4hour candle for another signal of breakout.
4hr 50 EMA: .0723
4hr 200 EMA: .07377
50EMA-200EMA cross: bearish, but might be approaching a bullish 50-200 cross.
Pattern thoughts: Adam & Eve + Eve or tripe bottom. - Strong support and Trend Reversal.

1day Stoch RSI: 85.7715, 85.99 (overbought, but has gas left before refueling)
1day RSI: 55
1day t-k cross: recently bearish t-k, below cloud. Not a good thing to see, but fundamentals overule this and we will likely see a bullish tk recross under cloud soon.
1day price in or above or below cloud?: below,
1day 50 EMA: .07575
1day 200 EMA: .069
50EMA-200EMA cross:
Possible Pattern that I see: Adam & Eve + Eve or tripe bottom. - Strong support and Trend Reversal.

News and Fundamentals: Metropolis will release at block #4,370,000 on October 17, 2017.
The first ZK-snark transaction has beeen confirmed on Ethereum's testnetwork. I'm not 100% sure on this, but I believe it implies transactions can become 99% anonymous like XMR, Zcash.
There was something also about signing/executing multiple things with a single private key.

Proprietary tool: Data shows we might see a huge move upward today.

Overall thoughts: ZK-snarks and Metrpolis release date are good news. I would make bids at or below 200 EMA on 4 hour or 1 day. This trade to me seems to be a swing trade or one that can be weeks.
4H shows price is in cloud but may very well break above cloud.
My risk management experience tells me there is a high likelihood of a dip between 9/23/17 and 10/17/17, so one may consider taking profit and buying low again.
1h and 4h are pinging overbought, which indicates the likelihood of a dip is increasing.
Overall, I see price going up at least 25%-50% by 10.17.17
A long-term B&H strategy would probably be best in this case.

This is not financial advise...just insights in my crazy strategic ideas of how I map this stuff out.

Note

*This is not financial advice* lol

Note

1h stoch rsi: (5,12.123) --says oversold, but still needs to zero out, further dip before push upward
1h rsi - 53.1399 (nominal)
4h stoch rsi: 61.86,65.67 (nominal) - the pattern suggests it can go either way.
4h rsi: 66.5838: it keeps touching overbought levels, but can push a lot higher.
4h cloud, price is above cloud, so bullish
4h volume: volume is low, price can fall in cloud or climb higher
4h t-k cross: was at or below cloud: mild bullish
4h 50-200 cross: the 50-200 is still bearish, but it might go bullish has we have a few candles above the cloud and well above 200 ema. The last 50-200 went up and went right back down. If price goes near 50-200 but crosses, I may consider increasing my long position.
1d stoch rsi: (99.6133,94.7722) - overbought levels, but there is a little bit more gas to push upward
1d rsi: 57.1372 - nominal and has stayed nominal since June.
1d candle: previous 1d shows a rejection candle probably due to overbought 1h&4h. Current 1d candle shows a battle of bears vs bulls.
Thoughts: 1h and 4h says dip still. 1D says stoch rsi can max out and push higher because rsi has not hit overbought. OTOH the stoch rsi is so high that it can dip to refuel in the next few days.
Triple bottom pattern says this is likely going to be an upward movement over the next few weeks. It can even be argued this is a quadruple bottom, where it has bounced off support area four times. I think we will see eth/btc push to .0837btc, then go sideways/dip in cloud, then breakout on top of daily cloud. This timing will likely coincide with Oct 17, 2017 metropolis release. What does that mean? By the current looks, I think price will touch at least .1015 btc/eth and likely break higher. Since metropolis is about 23 days away, I'd say there is high likelihood of at least another dip. Thank you guys for reading my ramblings. :)

Note

I just noticed this too yesterday 1d t-k cross was bearish, today 1d has recrossed under cloud to say bullish. This is a semi strong signal. Price is bouncing off 50 ema. My risk assessment says there is a higher upside potential and likelihood versus downside. Downside .067btc, Upside .1015.

GreaterNinja

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GreaterNinja

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