Ethereum: Bitcoin crash, fundamental catalysts and time at modeWe 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...
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.
