ETHBTC is making another run at the Köppelmann Constant!Watch Flipper in action!
ETHBTC has broken out, and is finishing the last breath of an inverse head and shoulders pattern. Tomorrow is Consensus 2017, where it is rumored that the Enterprise Ethereum Alliance will announce new members which were previously described as a "who's who of planet earth".
The (adjusted) Köppelmann Constant 0.06822 is the ETHBTC rate where Ether PoW mining yields the same value as Bitcoin mining
Also, it is the ETHBTC rate where Ether PoW expends more economic resources on PoW than Bitcoin
I am VERY bullish on the ratio.
Consensus
bitcoin uptrend correction21/02/16 mini crash might be an effect of the euphoria of the previous day and the consensus news. the 15 dollars fall was a correction , the uptrend is not broken and might go near 500 USD in the next 3-4 days . with all thoses good news ( consensus etc etc ) and the global economy issues ( china and europe i am waching you ) i dont see any reason for the price to go down under 400 USD in the near future.
this is my first analysis on tradingview , it is quite simple and optimistic but also pragmatic.
Trading positive consensus on USD on high volatility newsThe retail Sales released by the US Census Bureau measures the total receipts of retail stores. Monthly percent changes reflect the rate of changes of such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
Previous: -0.1
Consensus: 0.1