Ethereum's quarterly trend signal is the one that has been working the longest, and almost nobody is framing it on the right timeframe.
On the three month Bitstamp bar, price trades 2,736.8, up 74.35% on the quarter. The signal fired back in August at 2,530.5. Where price sits against that number now is not the question, and this is the part most people get wrong: a trigger level arms a trend, it does not govern it afterwards.
1,741.8 is what governs it. That is the invalidation, it is not new, and I have published it before, because on a three month bar the invalidation is the whole risk statement. Everything between here and there is noise on this timeframe.
The projection above runs to 12,783.8, and the extended band to 89,163.7. Long horizon numbers on a long horizon chart.
$ETH
#Ethereum #TrendFollowing #Altcoins #Macro
On the three month Bitstamp bar, price trades 2,736.8, up 74.35% on the quarter. The signal fired back in August at 2,530.5. Where price sits against that number now is not the question, and this is the part most people get wrong: a trigger level arms a trend, it does not govern it afterwards.
1,741.8 is what governs it. That is the invalidation, it is not new, and I have published it before, because on a three month bar the invalidation is the whole risk statement. Everything between here and there is noise on this timeframe.
The projection above runs to 12,783.8, and the extended band to 89,163.7. Long horizon numbers on a long horizon chart.
$ETH
#Ethereum #TrendFollowing #Altcoins #Macro
