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.
Satoshinakamoto
Now that BearWhale (Draper?) has exited — are we est new supportThe accumulation is actually up, which hopefully means people are buying at this level, establishing a new support.
I'm not jazzed about a $330-350 support level, but it's better than not knowing where the floor is at.
Still, my miners are shut down, until it's cool enough to use them for heating, or BTC goes above $400 again.
No more support, where does it land. I don't care, personally. I'm out. We pierced the only support that mattered.
Watch out for sharks... the whales have left the building.
And once again, they say, thank you for your buy support as they sold off their bags of holding.
Here that noise? It's the sound of an overinflated, no-intrinsic-value ponzi, deflating.
It's even dropping as I'm writing this {"amount":"333.18","currency":"USD"}
This is SPECIFICALLY what I mean, when I say, you cannot predictThis is SPECIFICALLY what I mean, when I say, you cannot predict bot action.
www.cryptocoinsnews.com
How much did you lose on this? Or were you prepared for the take?
There are SOOOOOO many bots out there.
quatloos.org
bitcointalk.org
www.coindesk.com
AND, soooo many more idiots that don't know how to use them.
Please don't go long on a fully manipulated market.
Granted, all markets, forex, stock, commodities, ALL of them, have bots... but they have volume too, to protect against aggressive bots. OBVIOUSLY, Bitcoin, and cryptocurrency/ALTcoins do NOT.
That's a rough 96 hoursI really don't have much to say ...
But I am happy that my remaining sells all triggered
at $605 while I was being evilly trolled by the $1000 bulls.
And except for a few morsels left that I trade altcoins
with, I'm 100% out, til the bottom, then maybe I'll
come back out and play.