OBV & ETH - Charts don't lie. Banksters and politicians do...So, if you are new to the markets you might not know. If you are old, you do. Wall Street uses "weapons of mass destruction" against the average person. And banksters are running the world printing money enslaving the youth and developing nations. The world is voting with their wallets and are converting their worthless government IOUs (FIAT, dollar, pesos, rubles etc) to True and Honest Money.
And crypto assets, unlike physical gold and silver, DOES NOT NEED AN ARMY! There is no physical gold to hide or protect. All you need to remember is 12 to 24 words per cold crypto wallet (or have them stored in a bank vault in a way that nobody would know it's your recovery secret phrase for your wallet, ANYWHERE IN THE WORLD! Self control of your wallet is self control of your destiny. Knowledge and truth is pure energy for good. Manipulation and bad actors are evil energy that needs to be purified. Bitcoin, the Crypto King, and Ethereum ETC, the crypto Queen are dominating. The world just doesn't know. Yet.
The crooks in charge of world fiduciary duties have failed. They are being voted out. Trust the charts, trust yourself and verify everything else. An open, honest, verifiable ledger is the world savior from the toxic bomb set off in 1971. 50 years later, we have debt jubilee. Welcome Physical Bitcoin! Welcome Physical Ethereum. Bye, bye crooked Wall Street, CME, LME and all the scum in between us and our money and investments!
TradingView is the world leader in providing amazing data. One indicator seldom used to detect market manipulation is OBV.
Let's look at that in this tutorial for New World Honest Trading Views!
OBV clearly tells us Ethereum is bullish for the last 10 days although the price has been suppressed. What happen next on break of resistance. Let's make this a teaching moment for all your readers. There are NO WRONG answers, just different points of views. Based on analysis on the latest good data you have and let's chat here!
Thank you Bitcoin, Ethereum and TradingView and all the good rocket scientists out there. The new World "Law Makers and Regulatory Viewers". And Rocket Launchers and Landers! LOL
JustCharts! WOW! Wild $T1mes alright!
ETHCAD
ETHCAD -Update on the weekly timeframeThis analysis assumes that the May 17 and June 21 lows, which break the wave 1 high from Jan 8, 2018 (not allowed according to EW principles) is in fact a wave 4 bottom, and we are currently in a wave 5. The Fib targets for the cycle W5 are around 6k-7k (the -0.146 and -0.382).
On the lower degree (orange count) we appear to have completed a wave 4, and are now in a wave 5, and on the lowest degree (yellow count) i believe we have just completed a wave 1 and are now going to retrace for a wave 2. The reasoning for this is the smaller count which is not shown here due to the timeframe. This yellow count is the most susceptible to change, so take it with a grain of salt until we have a wave 2 bottom confirmed, however I'll be looking to pick up ETH at under 4k CAD. That being said, if this count is wrong, it'll be wrong in the bullish direction ie: wave 1 on the yellow count is not in yet, therefore wave 2 will be higher, therefore wave 3 will be higher still.
Furthermore, if we assume that the cycle wave 4 is actually a nested 1-2-1-2, so we aren't breaking any EW rules and it lines up an exact hit (double bottom in fact) on the 61.8% fib, that would mean we are currently in a wave 3 of 3, with a minimum target of 10k CAD. This would line up with a move to ~90k for BTC and and also a bull market in growth stocks which have been consolidating over the past year. But that's a story for another day.