Core developers of Ethereum have agreed on when to launch a highly anticipated hard fork. At a meeting on Friday, the developers scheduled the Constantinople upgrade to go live at block 7,080,000. According to data on the Ethereum blockchain explorer Etherscan, that block should roughly coincide with January 16, 2019.
Insight pattern I reveals is ABCD pattern for ETH
WE wait for correction to Fibonacci and prepare for next middle bull of Ethereum.
The target is zone of D.
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Running this idea to test an observation.
If this is right, an ETHBTC trend reversal is stirring up, might be aligned with bullish rumours on ETH futures and the block reward reduction from 3 to 2 ETH. Target for the falling wedge should be the level at the end of the arrow.
Let's see if it does the thing.
I'm looking at three clear zones here to enter a trade. However, i'm not going to set bids and try to knife catch, because the levels might not hold and we could go through to the next zone.
Again, i'm not trying to be clever here, just simply using the vol profile to determine good support zones where buying volume could pick up and a reversal could ...