IvanLabrie
Long

Ethereum: Bitcoin crash, fundamental catalysts and time at mode

KRAKEN:ETHXBT   ETHXBT
We 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.
Trade closed: stop reached
See updated idea:
ETHXBT: Update
Reply
minhthanhqnv IvanLabrie
I see the wrong chart (0003)
Reply
herkuljee PRO IvanLabrie
http://dapps.ethercasts.com shows eth fueled releases. Nothing hyped coming anytime soon. EtherEx (and other decentralised exchanges) might have some potential especially lack of trust getting bigger to even BitFinex etc. But launch still far away. Anyway, some decent growth in new project entries so the eth concept not dead. If not up soon we may go down to wait Oct 1 Augur crowdsale end pump.
Reply
Great, thanks for the updates.
I'm not 100% involved with the fundamentals right now, although some of my friends do like to keep up.
I decided on an investing style approach for that reason, while accumulating coins, I generate passive profits, buying and selling on swings.
Are you doing the same?
Reply
herkuljee PRO IvanLabrie
I do/follow many things and mostly operate via intuition. Lately spending more time learning about trading and cryptos/blockchain. I started buying btc this summer when around 200 and cashed seconds before the big drop. Just followed twitter to see when the white smoke from greece negotiations come out. When eth came to kraken I did pretty much the same but I know I have been lucky... Now I am learning more about the technical aspect of trading. It's an interesting world and gives a lot more to understand also the global economy in general (especially now in crisis).. If eth doesn't collapse and I still have my profits I am planning to start putting into some new blockchain projects and hoping to catch a rising star. I am also into crowdfunding..
+2 Reply
minhthanhqnv herkuljee
I think ETH near collapse
Reply
IvanLabrie PRO minhthanhqnv
No, it's low volume drift. Nothing can be deduced from the charts right now.
Won't do anything without fundamental news I think.
I'm lending for interest yields and buying and selling 5%+ swings to rebalance and stay at 30% of my btc allocation in ETH as planned.
Reply
herkuljee PRO IvanLabrie
Maybe calm before the storm.. Some buy wall accumulating.. Funny how eth google search popularity also went relatively down after 14 Aug. https://www.google.com/trends/explore#q=ethereum%2C%20augur%2C%20litecoin%2C%20blockchain%2C%20ripple&date=today%201-m&cmpt=q&tz=Etc%2FGMT-7 Numbers are relative not actual search.
Anyways, Sunday buyers hopefully start uptrend. Then we would need some big buys to find our way to previous higher mode(?)
+1 Reply
tester2014 herkuljee
The question is when is smart money buying in? At 0.0051? Too risky, smart money waits for another drop, smart money may be greedy but even more patient.
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