IvanGlavas
Long

ETH Devcon impact

POLONIEX:ETHBTC   Ethereum / Bitcoin
On this image we can see that consolidation is lasting from mid June 2016 and now turning into ascending triangle formation. In July and August we have a reversal H&S and green volume growing in September, most before and during Devcon2. Bollinger bands started to expand showing possible price growth.
Yesterday and today we can clearly see a pullback of the market because there was no high impact of Devcon2 (still - and still there is no videos on the internet from the Devcon2)

After the speculators leave the market (ones that bought ETH before Devcon2 and wanted to earn in day of two because of the event) I believe we will see big impact from Devcon2 on the market in a week or two. This can be accomplished if market that is not involved in crypto accepts the information from Devcon2, DigixDAO releases 2.0 version of DGXtoken and Augur makes REP distribution over the crowd. All this events are announced soon to be accomplished.

I do not have any stop loses here, only mid term view of possible price breakout and maybe even a new ATH             if all mentioned information comes one after another with positive impact on the market.
Nice
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