Thoughts for investor DCA areas. Current valuations are high and hence biased that a trap is taking form and that drawdown from current highs will play out for the rest of the year
Sound money - non censorable, non debase-able
Born after the 2011 crisis with the purpose of creating a Store of Value / Digital medium of exchange,- that no government controls with an immutable decentralized network.
Post-halving ~12th May 2020, new supply drops further. Slight kneejerk to hashrates & prices, but will start to attract new money that will see...
Multi-year wedge with eth 2.0 anticipation into 2020. (POS staking/Sharding)
Bullish fundamentals for $eth
- developer base & activity
- decentralized
- Speed & Scalability in Eth 2.0
- POS. You can own paper bitcoin but owning paper eth is just silly
- blockchain awareness is growing!
After breaking up from a falling wedge on 10th Jul with good volume, a minor Adam and Eve pattern seems to be showing through and consolidation is happening healthily above support at the moment. If able to reach highs of the falling wedge target, a bigger Adam and Eve construct could occur.
