$LABS dynamic support retest- Token release
- LP Pair released Today
- 31st announcement (not 100% sure what yet)
- Price action now revisiting dynamic support
Erc20
How To Trade Ethereum during a Trending MarketHello everyone, this is a very simple approach on how to trade the cryptocurrency market while it's trending.
First things first: we are always trading with the trend . The major trend we are looking at is an upwards trend with small
corrections during the past few months.
We will try to maximize our profits, therefore we look for the lowest possible entry in order to increase our position.
Let me know if you like this video! Next time with Facecam :)
cheers,
Ares
BNB stealing directly from ETH, do see what I seeI’ve mentioned that subject in previous ideas,
Not the first time I say that BNB is stealing the show!
Technical analysis not 100%
Beware of Ethereum updates,
As mentionned previously, the BinanceChain has a working product with low transaction fees and the market cap!
This is not financial advice,
Follow the money
9to5
OMGH4 I think the bulls want to keep this thing going, I am still long and waiting for more upside. I think $9 plus is incoming
SNX UpdateHello Traders,
In reviewing my Analysis of SNX, I realized that there in a confluence of the MM Series Long and the ATWHWB long. In my trading style, I always prefer to use the ATWHWB given that price triggers the entries.
I'll link the previous chart so hopefully some of you will see the difference.
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
ETH breakout, ATH next?just now
ETH has been in progress with a nice breakout out of its current retracement on the way up. With BTC surpassing its all-time-high ( ATH ), this now makes me wonder if ETH is soon to follow followed by a multitude of ERC20 tokens. It is largely dependent on BTC maintaining its price above 60K, and there is still a good possibility of slight retracement on the horizon back to tap the top of the breakout wedge over the next day or so, but if that does not occur, I would imagine the ATH is next for ETH.
Should be interesting to keep an eye on ETH to see if we stay above the wedge and avoid a fake out in the case of a BTC decline.
OMGOMG / BTC monthly chart is super wrecked, I put some bids at $3.70. If we get a proper alt season & all the alts that are lagging play catch up with BTC then OMG will inevitably hit the 3.618 fib extension
Definitely waiting on ALGOI actually think this is one of the best long term plays in altcoins right now, but theres plenty of time to wait and see what this thing is going to do.
If it finds support on those lines, maybe it can keep pumping but I don't see a reason to buy in at this second. That could change by tomorrow.
I'm actually not seeing much technical strength anywhere in crypto or in stocks (the ones I'm looking at) in the moment.
Everything looks neutral at best.
CAKE's pump is awesome!...is there another 100% pump coming?Hello Traders!
Wow, what a serious pump from PancakeSwap's native token CAKE, wish I was a part of this earlier. But as they say, the trend is your friend, until it isn't ;)
I know I am posting this one a little late re: the entries but even now, the entries and setup remain valid and price has been accumulating in our entry zone. Volume on this pullback is decreasing and the Correction Channel is picture perfect with the Median Line bounce.
This has set up to be quite a high probability trade! Entries below...
ENTRY 1: 14.9 (already triggered)
ENTRY 2: 13.7 (already triggered)
STOP LOSS: 12.25
TARGET 1: 24.5
TARGET 2: Trailing Stop
Let me know if you are joining me in these trades! The R/R is definitely worth it and I hope some of you are finding value within these posts.
Happy Trading, always manage risk.
Imperative you read what the Federal Reserve Published on EthHey all you brilliant fellow trading degenerates, have I got some news for you!
On February 5th 2021 Fabian Schär published an academic paper right on the federal reserves website that is imperative to read. This has to be one of the top academic papers I have read on ETH/DeFi yet hitting on opportunities and weaknesses that are fleshed out remarkably well. I know there is a narrative going around that the Fed and the FOMC are evil - this is wrong. Frankly I feel we are all very blessed they helped keep the entire planet from plunging into a depression at the onset of COVID. Yes it is fun to hate on bankers, but these guys are brilliant and this paper does a great job on breaking down many important concepts that I know from talking to people that are even long ETH, they do not seem to grasp, such as:
DeFi
Blockchain
Smart Contracts
Protocol Layers
Asset Tokenization, ERC-20 Tokens
Market Caps by Blockchain - Highlighting growth opportunities
Collateral (Off/On chain)
StableCoins - US Dollar pegged
The later is the most important and imperative to get a grasp on. I have encountered many brilliant people, whom when I mention stable coins and their utility they accuse me of being a "moon boy", "shrill" and "conspiracy theorist". Guys, I am citing the Federal Reserves own website. This is remarkable as the Fed itself in this paper is giving credibility to USDC & Dai and even offers an explanation of the Dapps Maker Protocol, which as many of you know is my favorite project of all!
"Whenever anyone wants to issue new Dai tokens, they first need to lock enough ETH as underlying collateral in a smart contract provided by the Maker Protocol. Since the USD/ETH exchange rate is not fixed, there is a need for over-collateralization. If the value of the underlying ETH collateral at any point falls below the minimum threshold of 150 percent of the outstanding Dai value, the smart contract will auction off the collateral to cancel the debt in Dai. "
"The most popular ones are USDT and USDC, both USD-backed stablecoins. They are both available as ERC-20 tokens on the Ethereum blockchain. DGX is an ERC-20 based stablecoin backed by gold, and WBTC is a tokenized version of Bitcoin, making Bitcoin available on the Ethereum blockchain. Off-chain collateralized tokens can mitigate exchange rate risk, as the collateral may be equivalent to the tokenized claim (e.g., USD claim, backed by real USD). However, off-chain collateralized tokens introduce counterparty risk and external dependencies. Tokens that use off-chain collateral require regular audits and precautionary measures to ensure that the underlying collateral is available at all times. This process is costly and, in many cases, not entirely transparent for the token holders."
I know many love bitcoin & eth - and I certainly do and have the majority of my network wrapped up invested in them, but the reality if you look at what consumers want in Turkey and other countries plagued with crippling inflation is not access to speculative assets, but rather access to stable coins. And you can clearly see here how the fed is understanding having access to these stable coins gives consumers through the entire planet access to real world assets. Through Synthetic tokens they can have access to real world bonds and shares. From the Fed themselves:
"Although stablecoins serve a vital role in the DeFi ecosystem, it would not do justice to the subject of tokenization to limit the discussion to these assets. There are all kinds of tokens that serve a variety of purposes, including governance tokens for decentralized autonomous organizations (DAO), tokens that allow the holder to perform specific actions in a smart contract, tokens that resemble shares or bonds, and even synthetic tokens that can track the price of any real-world asset. "
One can not separate bonds/stocks from defi and cryptocurrency anymore. Markets will be moving into this arena just like GME shares were available to trade in DeFi. Think about just Gold gentleman!!
Years ago I traded GLD & PHYS, along with physical gold. I then eventually saved up enough money to open an account with a brokerage to trade /GC CME gold futures. However, when can we as consumers trade gold and oil? Even with futures we are restricted one hour daily, and we lose access for the entire day on Saturdays. Not so with DeFi. In fact you can trade gold 24/7 365 using PAXG now. You can see the only problem as far as I can tell is that the price just seems to occasionally run up higher for no reason presenting an arbitrage opportunity I have no idea why one of you geniuses have not built a bot yet to arbitrage this yet:
Markets will be moving into this aside from just as the Fed states such as commodities, bonds and stocks. I can imagine real estate taking advantage of smart contracts, and maybe not for the settlement of the home itself, but at the very least to displace escrow accounts.
The future is bright friends and I highly recommend we all take a few moments and acquant ourselves with what the Fed is reading regarding DeFi & Eth: research.stlouisfed.org
If you enjoyed this content and my research please give it a like, and a share! And if you think there is something important that community can benefit from, please be sure to share it with us all so we can learn together!
Good fortunes to you dear trader!
[CRYPTO] Where To Buy EthereumFor those of you who may not know: the price of Ethereum (ETHUSD) was pegged to the Bitcoin (BTCUSD) price movement for a long time.
But with ongoing developments in the Ethereum Community and a solid base for the future, we saw the price of Ethereum decoupeling.
Nonetheless, while the price movements might be bigger or smaller compared to each other, we see both markets trending simultaneously.
In other words: you won't see Ethereum making new highs while Bitcoin is correcting.
This is yesterday's trading idea for BTCUSD. We can see that the Bitcoin price is currently aiming for the previous low for a re-test,
which is a proper entry in anticipation for the next surge beyound our previous high/ all time high at ~42.000$.
We should see similar things playing out with Ethereum. We can also see that the price tends to move in clear patterns, that give us
great buying and selling opportunities for intraday trading. Furthermore i don't expect any irrational move in the current setup.
My personal buy is considered at the yellow zone, which aligns with the lower low on the RSI and MACD as well a S&R Flip.
Let me know what you think about this trading idea, especially if you hold Ethereum in your portfolio.
What's up with all the grafic-cards prices skyrocketing these days? ;-)
Let me know!
Cheers,
Ares
Ethereum at a Decision Point. Ethereum has seen an impressive run toward the previous ATH.
A few things can occur here.
1. This consolidation is more accumulation and will move up rapidly to the ATH ($1400). Sellers will need to become exhausted between 1050-1250 in order for this move to occur.
I watch Ethereum inflow to exchanges to determine the severity of a move down. If I see any large moves onto exchanges and price declining then I will exit my position.
2. Market will see a large sell off resulting in a 20-30% pull back, I would expect to see a wick/low of the 880~. Price would consolidate between 880-1020 for a day or two before retesting the initial breakdown from 1200. In order to exit my Ethereum I would need to see a move below 1150.
3. Ethereum and Bitcoin will become range bound between 1125-1250 and 38900-41500. This could occur for a week (5-7 days) before more volatility. During this period I would expect alt ratios to increase.
Key Metrics I track:
-Exchange Inflow/Outflow of Assets
-Stablecoin Issuance
-Lending Rates on DEFI platforms
-Funding rates for margin traders
-Long/Short Ratio
-Social Media Sentiment
-On-Chain Metrics; Gas Fees, Memepool, Large Token Transfers, Smart Contract Activity
LONG AKROUSDT - OverDue For Pump!Overview
Akropolis is a domain-specific protocol that allows users to save in groups and get access to cheap uncollateralized loans, pensions and other financial services. Akropolis tokenizes credit unions and allows user groups to get uncollateralized loans, provide capital to pools, and earn interest out of it.
History
The initial idea for a distributed pension fund was born out of what one of the founders, Ana, has witnessed as a result of the Lehman Brothers fallout in 07-09. The problem is both simple and relatively unknown to the younger population: it's the current and ever-increasing pensions deficit crisis and no visible solutions to it.
Akropolis wanted to create a solution alternative to current pension schemes - a way to save money, protect wealth against inflation, ensure access to credit and basic insurance, and remittances through a p2p network that can communicate with but doesn't structurally depend on the banking system. It was started with more of an enterprise angle, with institutional parties support but it became clear that their enthusiasm for exploring alternatives in this sector closely tracks public sentiment, which in turn was negatively affected by the collapse in prices in 2018. And, of course, client acquisition in enterprise usually exceeds 12 months.
As the team continued customer research, it became clear that pensions, savings, remittances, insurance have to be enabled for the product to be economically viable. In that sense, they didn't exactly pivot away from pensions, as pensions are effectively long-term savings with a tax shield, but to a slightly different model.
AkropolisOS is a modular framework for creating for-profit DAOs with complex business logic and customizable user incentives & treasury management. The first two products, Sparta & Delphi, are built on it.
XRPUSD - Resistance resist and getting sued by TetragonAnother bearish retest for XRP? Once the price is close to the $0.25, it is rejected each time; I'm scalping this price action until it works.
In other news, Tetragon, the lead investor of Ripple’s $200 million Series C, has sued the company after a recent complaint by the U.S. SEC. Soooo... Shorting pullbacks looking back at BTC.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
Blockchain & Decentralized Tickets, A Dream Come TrueTechnicals & chart looking really bullish. Ticket companies (and thus blockchain related protocols) have been hit hard by COVID-19. GET Protocol has been here for years and GUTS Tickets is using the protocol for registering tickets on the Ethereum blockchain. More than 500.000 tickets have already been sold, of which none has been scalped or sold for ridiculous price.
The team from GET Protocol don't focus on marketing much in the crypto world (yet).
However it's arguably the best adopted small cap, has great tokenomics and I believe the price will explode in 2021 just through usage (organic price growth). The company is very well known outside the crypto world but undiscovered in it.
DeFi & NFT tickets coming soon.
Read back their latest blog which will explain more:
medium.com
1st target = 0.0008 WETH
2st target = 0.0011 WETH
3st target = 0.0014 WETH
Longer term higher possible (0.0035 WETH earlier this year), first reach these targets.
Good luck!
Basic Token Attention (BAT) - BAT are not BlindBasic token Attention (BAT)
well famous during the last crypto season.
fast selling during ICO.
Brendan Eich really doing his job devoping Brave Browser.
they intent to remove middle man
between the users, content creator, and ads.
this is one of the real crypto usage that are maintain to this date.
If you notice i am marking arrow up and roket.
arrow up=> price up.
Rocket => To da moon.
current price.
Rank 50
$0.258755 USD (1.49%)
0.00001369 BTC (-2.38%)
0.00043463 ETH (3.47%)
Chainlink on the LINKUSD view 2020Before im charting a chainlink against BTC,
this time compare with USD.
if u see the the price, there u see since
it born, the price is around peny. 0.03 USD.
during the hard time for crypto world, the only i see a great
climbing is chainlink.
Although its born from a token of etherium, but
it oracle base will connect between the real world and digital world.
Damnnn!!!! give me a like u like my chart.
Current Price
$15.02 USD (2.38%)
0.00080513 BTC (0.22%)
0.02550463 ETH (-6.27%)
LONG COMP - (chicago defi + TDAmeritrade)Compound initially began as a tokenless protocol. Upgrades and changes were made unilaterally by the Compound Labs team. The protocol was still non-custodial but there was a centralized entity that retained administrative privileges. In order to remove themselves from this position, the team introduced COMP, a token used to govern the protocol. After several stages, Compound is now fully controlled by COMP holders with no remaining privileges held by Compound Labs. COMP is part of the Chicago defi alliance + TDAmeritrade= growth in assets locked in the long run.
lONG OMG above avg vol breakout OMG Network is a Layer-2 scaling protocol for Ethereum. What this protocol aims to achieve is a higher transaction throughput at a lower cost while leveraging the security guarantees of its underlying layer. OMG Network is predicated on the creation of a child chain that batches transactions before committing them to the root chain, which, in this case, is Ethereum. The child chain relies on the root chain as the trust and arbitration layer. With this type of relationship, if something goes wrong with the child chain, users’ funds should remain safe. The protocol's token, OMG, is the primary method by which users can pay for transaction fees and interact with the network.
LONG REN - Assets locked in wBTC continues to grow ...LONG REN - wBTC will continue to grow even bigger as more bitcoin moves into defi.