EthereumLong
Stairway to Heaven (August)
Stairway to Heaven (August)
On this chart, I decided to set the left limit at the beginning of the year, and drag the right limit to about 60 days out, with a little headroom (I think it's still VERY MUCH a bull market, due to x-market factors and Ethereum's fundamentals) and a log scale.
The obvious upward channel was marked with a pitchfork that has std(X) markers at 1(red), 0.75(blue), 0.5(white) and a dotted red mid-point. Then I noticed a mildly repeating timescale (~66 daysish) for the big-step, little step pattern. I marked that with vertical dotted lines and dates.
So.. this predicts the price of Ether in a vacuum. Great. Tea Leaves. What's your sign, bb?
Things to consider: Bitcoin's blocksize showdown is approaching (August).
BIP148, UASF, whatever you want to call it. It's the 2,000 GBP gorilla in the room. I'll leave you all to decide which one is better, and I'm definitely not going to argue about it. All I know for sure is that, in the short-medium term, two chains is bad for the BTCUSD price, and it makes trading it perilous after the fork due to logistical issues caused by the split. The DAO fork was an exhausting mess for me, and I consider myself to be an expert user/trader. Months of wondering, waves of FUD distorting the accuracy of the available information. Yuck. Going to scare the casual investors and new people.
Good for ETHUSD price.
Good for other crypto (especially LTCUSD!)
These are my ideas, and not advice/recommendations/directions/commands. You make your own decisions. You win: your fault. You lose: your fault.
On this chart, I decided to set the left limit at the beginning of the year, and drag the right limit to about 60 days out, with a little headroom (I think it's still VERY MUCH a bull market, due to x-market factors and Ethereum's fundamentals) and a log scale.
The obvious upward channel was marked with a pitchfork that has std(X) markers at 1(red), 0.75(blue), 0.5(white) and a dotted red mid-point. Then I noticed a mildly repeating timescale (~66 daysish) for the big-step, little step pattern. I marked that with vertical dotted lines and dates.
So.. this predicts the price of Ether in a vacuum. Great. Tea Leaves. What's your sign, bb?
Things to consider: Bitcoin's blocksize showdown is approaching (August).
BIP148, UASF, whatever you want to call it. It's the 2,000 GBP gorilla in the room. I'll leave you all to decide which one is better, and I'm definitely not going to argue about it. All I know for sure is that, in the short-medium term, two chains is bad for the BTCUSD price, and it makes trading it perilous after the fork due to logistical issues caused by the split. The DAO fork was an exhausting mess for me, and I consider myself to be an expert user/trader. Months of wondering, waves of FUD distorting the accuracy of the available information. Yuck. Going to scare the casual investors and new people.
Good for ETHUSD price.
- ETHUSD technicals look great, and the recent drop appears to have been a healthy, necessary correction. (Credit @BTC_Schmitcoin)
- As the market cap of ETH approaches parity with BTC, it's clear that there are already BTC users switching to ETH.
- ETH has 40x the block time as BTC.
- ETH has smart contracts built in.
- ETH has more devs than bitcoin
Good for other crypto (especially LTCUSD!)
- LTCUSD technicals look GREAT at the moment! (Bullish contiuation pennant)
- LTC has 4x the block times as BTC, and already has SegWit enabled.
- BTC devs are able to work on both LTC and BTC, some are migrating to LTC.
- LTC doesn't support smart contracts right now
These are my ideas, and not advice/recommendations/directions/commands. You make your own decisions. You win: your fault. You lose: your fault.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.