Ethereum, my darling, are you getting ready to break free?
Here's a little analysis I got to tell.
It looks as if something is definitely happening here; if you look at the chart I drew up below you'll see since August 1st ETH has tested that resistance line I drew in at 0.085 BTC ($279.13) between August 1st/2nd and then again sometime between yesterday and today.
I've also marked the areas where it looked like it was trying to break out with green arrows on August 5th/6th and the 7th until it finally broke out yesterday and stayed above 0.0915 BTC($300.00).
I'm curious to see where the trend is going to go, I read an article on ZeroHedge about the correlation of Ether purchases in S. Korea and the pump in the Ethereum price since the flare up between the States and N. Korea. It proposes that there is an interesting thing happening where everytime some threat of violence occurs, very large buy orders are originating from S. Korea and begs the question - what is the reason for this and why are S. Koreans investing in Ethereum specifically?
Gold and Silver gains have a provable correlation to sabre rattling.
Gold and silver are so much more difficult to buy from my computer chair...
Also gold and silver are mostly illegal to own and completely illegal to use as money.
They'll be coming after our cryptos, too, soon enough!
I like your ETH analysis. Yes why is S. Korea Buying so much?
It's funny because it's not even a currency, really. I don't think they can gas their way out of the hell storm that N. Korea could rain down on them!
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Also I saw a video where @trevonjb said to include a few tags, one being #trevonjb of course.
Once we see ETH available for buying on Bitstamp on the 17th of August we should see some price jumps upwards.
That is wonderful news, thanks for heads up info @decentralization. I wonder what highs we're going to see?!
Also, I just followed you.
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good postt
Thanks, the Zerohedge article I linked to is really interesting - you should check it out.