$ETH has rallied off its lows as they try and figure out a way to fix their broken coin. Regardless of your fundamental beliefs surrounding the story, such uncertainty should give investors reason for pause.
https://www.cryptocoinsnews.com/ethereum-ready-to-hardfork/
http://themerkle.com/kraken-to-halt-ethereum-deposits-for-1-hour-before-and-after-hard-fork/
On our most recent BATT show we talked about how there was a 'trade' that developed out of this pre hark-fork lull and I believe that 'dead-cat-bounce' has played itself out. Was this a case of shorts simply covering ahead of the event or actual new buying interest, I don't know. But what I do know is technically that 'trade' seems to have hit upside objectives (2:1 r/r trade minimum and bullish ab=cd harmonic levels achieved) and she is now looking very toppy (our proprietary momentum oscillator The Willy officially went 'stupid' and we have a confirmed bearish momentum divergence).
Where does the coin go following the event is anyone's guess but I thought it would be of value for the community here to see how 'dangerous' being long (or thinking about buying here) is.
https://www.coinigy.com/s/i/57892028/
Enjoy
