* This is my highest-degree wave-count: ETH is gearing up for a gargantuan move against BTC in 2021 imho.
* I have a completed primary-degree Base channel (beginning 28th Dec 2016) with several nesting Base channels of lesser degree now emerging.
* Thick lines (Blue, Orange, Red) are 200, 100, 50 week MA. Thin Blue line is 200 DMA.
* Invalidation @ 0.02629 on...
Time-derivatives of price movement concept. This model has price represent position, Base channel gradient represent velocity, Acceleration channel gradient represent acceleration and acceleration delta represent jerk. These account for the first Four time derivatives and may be used to infer market system modality.
1, Change of position yields velocity (price...
After a ~2.5 year retracement ETH has stepped out of its deceleration channel against BTC with a series of Bases established and is now retesting that deceleration channel from above. Unbelievably Bullish.
Algo has popped out of it's Base channel and is now re-testing from above. Suitable profit targets for an entry any time now are the shadow-channel boundaries (Blue parallel lines above the channel). One strategy I've been using of late is to sell 50% at the first and a further 25% at the second (if prices makes it).