Ethereum: Bitcoin crash, fundamental catalysts and time at mode
Updated
We finally have a new mode in ETHXBT.
The last 4h bar has 2 hours to go, but is already over the mode. If it closes there it'll confirm an uptrend signal.
Add to this the fundamental catalyst of BTCUSD crashing because of the Bitcoin XT fork, problems regarding consensus between Bitcoin developers, an alleged post by Satoshi Nakamoto himself complaning about it and we have the perfect storm...
I bought more here, I was going to short BItcoin but I went long ETH instead.
Time is at the minimum required for a wave 3 advance to maintain proportionality.
Grab your popcorn and soda,
Good luck to us all,
Ivan.
The last 4h bar has 2 hours to go, but is already over the mode. If it closes there it'll confirm an uptrend signal.
Add to this the fundamental catalyst of BTCUSD crashing because of the Bitcoin XT fork, problems regarding consensus between Bitcoin developers, an alleged post by Satoshi Nakamoto himself complaning about it and we have the perfect storm...
- Rgmov is signaling an emerging uptrend
- CCI moved past +100
- Proportionality is fine for a trending impulse
- Confirming time at mode uptrend on close
- Lowest high trendline holding
- Rising volume with rising prices
- Fundamental catalyst for a paradigm shift
I bought more here, I was going to short BItcoin but I went long ETH instead.
Time is at the minimum required for a wave 3 advance to maintain proportionality.
Grab your popcorn and soda,
Good luck to us all,
Ivan.
Trade closed: stop reached
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ivanlabrie.substack.com/
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