parabola shifted into 4th gear, 1H & 4H are oversold, some large sell volume kicked in, and it's in a FIB extension area. any strong hands still holding would be smart to take some profits here.
Oil & PM's have seen some bounce yet some other commodities are "depressed". My thoughts are on the chart....average in as price trends up on the first 2 small levels and the 2 fib pulls below. Human Food, Animal Feed, oils, etc from corn in a time of grown populations & urbanization.
if history repeats then ETC should pump at least a bit into the March 5th airdrop. Would be a real let down, or something messed up with the airdrop, if it doesn't at least take a stab at the upper rectangle based on other airdrops off of BTC, NXT, and so on.
i'm a big fan of Gann and his theory on time & trading. here is how ETH has interacted with solstice & equinox in the past.
hard not to take punt at it with these historical odds.
BitcoinCash is Trash because: -The concept is garbage -The actors behind it are questionable at best -The chart is a Pn'D stinkbomb -GBTC, Bitmex, and others will be dumping all of their customers BCH on the market in coming months. If the concept & attack on BTC by a couple of whiny dudes wasn't enough we now see an absolute garbage pn'd chart. A pump n'...
If this goes 4 for 4 then accumulating for masternodes under the red line and above the old tops (support) is the high-cap trade. it's not a trade to rush into if history does repeat. let the scoop play out.
15 days after equinox we'll get more info on if we are "returning to normal" right now, or if the bull market seasonal trends will continue. vertical lines are solstice & equinox, equinox in yellow.
Asia and more so China are the epicenter of Bitcoin volume. I believe that Magi astrology has shown us many big things in advance with Bitcoin. However one must respect Chinese traditions too since they are a key market maker/mining force. The Ghost Month and festival date always occur during a moment of weakness with BTC as it is considered bad luck to be overly...
birds of a feather flock together... (ETC/BTC up top) (LTC/BTC below)
I like to look for market reversals at equinox & solstice, this could be one. Def worth thrown' some dust at.
Though anything can happen in the coming days there is a clear season shift with DASH and as of about 14hrs ago the shift is to bear until Summer Solstice. see more
lots of room for this old dog to catch up to the rest of the pack. long since 21
bought at 0.00370, only spot not on margin. sorta looks like it's finally happening.
MAID trying really hard to go up, and if so a buy signal will print as it's (the blue bar) been flashing on and off. thus a break above the resistance is a strong buy at the moment.
the chart has all my thoughts on it. in a nutshell, the coming launch of the Greyscale Trust and decent TA seems to point to ETC getting ready to challenge ETH in 2017/18.