ETH trade ideas
ETH MCap just hit the Moon🌕 Then Blasted Off 🚀Times like this, you just have to admire the art in chart.
If you refer your eyes to the Momentum Indicator (top right).
The downward price momentum was greater and hit the lower extreme 93 %
On the first downward price impulse from the recent swing highs.
Classic diverging indicator action at it's finest folks.
KRAKEN:ETHUSD
CRYPTOCAP:ETH
Waiting on Donchian channel to confirm upward channel ETH USDThe 4 hour Donchian channel needs to touch the top again, twice really to confirm the upward channel here.
1 hour just touched twice, i went ahead an bought a little myself.
ETH/BTC Maketcap updateETH/BTC Maketcap update
Looks promising. On twitter there will be more talk about the flippening (ETH MCAP will overtake BTC) but I'll try to stay grounded. I'll try to trade inbetween and sell early in several batches. By far ETH is my largest position. For my public portfolio please visit my profile.
This is not financial advice. Please do you own research. Protect your capital at all cost.
Best of luck!
-izen
Long ETH and Alt coinsOverall, ETH pullback and after forming a cup shape and now consolidating, forming a handle. With the board market bullish as well as alt coin going up. I think its very possible to breakout and more capital will rotate to alt coins.
ethEthereum can be key and will be key in the next coming days.
Here is our updated chart with Key Levels you should know about.
start to re buy eth at 35b n downif we dont see a confirmed break out with btc n crypto market here is possible re buy zone for eth (sooooo much up side here) basically from 350 billion n down we will re buy n cost average in. if we see a confirmed break out of btc above 50k (at least 48 to 52 sideways confirmation) we will re buy n ride it with caution but i got to say this shake out feels like more n more a possibility so be ready either way ya all to move quick... our money is alt scalps n profits until btc drop for re test n possible brutal shake out below 32 to 28k BTC (i think at this point 32k 30 28k would def kill all hype n shake moat if not all week hands esp in the alt arena n esp esp in the defi areana if they through enough fud about infrastructure bill and Gensler goes after the rite few projects
Transaction Costs......
Left: Matic (Polygon)
Right: ETH (ethereum)
How often do you execute transactions on the blockchain? How does this affect the usage of the network? Let me know what you think
time to see if profits or run iti saw start to move so you can get out quickly. possible Doji star forming on btc one day n other singes of downtrend sneaking up soon.
Incoming ETH Pump?We have a falling wedge on ethereum. Looks like we could see higher prices soon. We could dip before going up but I think that we could go straight up from here.
Ethereum - Continuing Collapse in Market Capitalization.Decentralized Finance Projects abound within Ethereum's Orbital Domain.
Transforming traditional financial products that operate without unnecessary
intermediaries will remain a poignant and important effort.
It will have a place in space and time - That time is not now.
Ethereum will see very large losses to its Market Capitalization in excess of
80% off its highs. This is to be expected.
Why? A good question with a simple answer - DeFi has an important role in
the future, a very important role.
There is a paradigm shift underway for all "Things" and their "Title" - which
will forever alter transactions of everything from Deeds, Titles, Trusts and
far more.
First, the present arrangements must dissolve. They will, it is simply a matter
of time, recognition and acceptance. It has gotten ahead of itself at present.
Expect a large reduction in ETH's Market Capitalization as Global Financial
arrangements begin to unwind and begin a transformative process.
Pioneers never inherit the Lands, the settlers do.
The list of impact is almost endless: P2P Loans, Lines of Credit, Portfolio Wallets,
Asset Fungibility, Reduced Transaction Costs, Real Estate, Personal Property of
any/all forms.
First, the deck chairs need to be rearranged. They will, this event is ahead.
As prior arrangements slip below the waves, DeFi will begin to gain in importance
and acceptance. It requires simplicity and trust, this will come to pass in time.
Between now and that time, expect a large reduction in Market Capitalization.
Those in control, always get their Fill.
Ethereum $eth.x what makes any eth true believer think this price is going to go up before eip1159? Let’s be serious. This is big money accumulation time and last chance before this rocket leaves. Stack your eth, come back in mid August and we can begin to have our bear party
Elliot Wave on Eth I have strong reason to believe that Eth is following the Elliot Waves also known as impulse waves. Further analysis would be need but based on the way volume is acting I can be right. Note that Eth is direction can be easily changed.
Ethereum Short/Medium Term Breakout Ethereum (ETH) has had quite a run over the year-to-date. In January, the cryptocurrency was well under $100B in total market cap. As the new year and COVID developed, a lot of central banks continued pumping stimulus into the economy through maintaining lower rates and quantitative easing. As investors sought inflation-resistant asset classes, cryptocurrencies were a fan-favorite. With the help of social media influencers, many cryptocurrencies began to rise astronomically. It was not unusual to see these currencies rising in excess of +20% in a single day, like Elon Musk and Dogecoin. Sometimes they would rise +100% in a day. While most of these were obviously bubbles in pump and dump schemes, Bitcoin and ETH remained renowned for their utility and name recognition. This ideology remains today, Bitcoin and ETH are the gold standards of cryptocurrencies (no pun intended). This wild bull run leads the price of ETH to quintuple (5x) to over $4400 per coin. Ever since the price has been dwindling down to where it is now near $200B market cap or ~$1750 per coin. This level has created support multiple times signifying that it is a significant factor in technical analysis models. Whether you know/believe in technical analysis it is still a massive driver of automated trading machines formulas. I believe it is second only to politics/legislation. It is still a relatively new asset class so there are large risks (market, political, etc) associated with cryptocurrencies.
That being said, as of 6/27/2021, it is on the verge of a massive breakout, maybe to the upside, maybe to the downside. If it breaks below the $1700, it will likely trade down 10-15%. If it breaks above $2000 it could reverse its long-going downward trend.
Full Disclosure:
I have owned a long-term crypto portfolio since 2018.
I currently have some equity at around $2000. I am looking to buy more around the $-1770-1780. I will get out of the trade if it breaks below $1690.
I believe the technology will eventually be adopted universally so it makes a good portion of my total portfolio.
ETH 20% pump incomingLooks like we are creating something similar to an ascending triangle. You could take a risk and long on the FIB levels but waiting for confirmation would be nice too. Wait for it to break the trendline because if we never reach the trendline, it will retest lower levels I think.
Analysis of crypto defi platform by market capLooking at the market cap of defi platforms relative to bitcoin and ethereum.
#ETH :// whAt a FaK3 OuT _wanna no why read thiswell my denial strikes again... maybe maybe if i stretch it we could argue an overall sideways volatile LOL up trend BUT reality is BTC rejected off the 40k... 21 week moving averages... and much more...
the great part about this is that we are seeing true signs of institutional manipulation the horrible part of this is that we are seeing signs of institutional manipulation. (they know we know, kinda _so no clean sideways for us)
_institutional money has never been more keen to get into crypto and ill show u why in the next post later tonight....
_BTC rejects off 40k with overall sideways trend (M3 n Mine made a mistake _one of the easiest to fall victim to no matter the amount of market experience _STILL, rookie as F#+=K ) basically even if we overall pump choppy as f#$ck to low mid 40ks _{n yes eth will follow}_ or if we sideways all the way down to 32 to 29/28k BTC now reverting to an overall down trend _no matter how u cut it its still a mistake... Basically we built a narrative into the crypto markets that suited what we wanted the markets to do not what they "probably would do" if looked at without objective eyes. (IE didnt clear all alt positions in time due to other projects 4 m3 n min3 we stuck on) so "needed BTC to drag alts as she hits under belly of 40k range) >BTC on chart perspective got cold rejected off 40k n reverted to a overall down trend on smaller time frames like 1hr n less.
THE WHOLE POINT IS THIS NEW FUND MANGER REPORT
With the current very obvious INSTITUTIONAL MONEY just drooling, can hardly wait, on the side lines combined with current market temperament n u have the perfect sideways btc shake em out kill all the week hands n Institutional money take real positions in top 5 ish crypto projects combined with aggressive pool hunting and farming for APY in deeper ALT market cap projects while shorting to mitigate farming/pool risk. (yes institutional funds r actively trading like this via DEXs etc)
_basically what this ramble is tryn to say is that there r no rules here. No way we get a nice controlled sideways with like 2 test runs down to "known support" with a test of resistance mixed between the 2 test bounces. LOL na eso with this "Wyckoffian deal making the rounds and just general talk of market shake out n fake pumps whatever u call it its market manipulation and it is as old as these markets in their OG form (like 100s of years old old )....
i guess she made it ,,,,<<<>> it aint these random white wales making the pump n dump waves anymore. Institutional money is here and playing on UNISWAP SUSHI 1INCH (thus crazy gas fees last few months until they stepped back n r actively shaking market out while looking for aggressive APYs they can also short to reduce volatility)
we get to see some wild up n downs in this "sideways box" with confirmation and tests all over the place to cause more uncertainty (28k 29500 32k n 40k 41700 43k 44-5k-ish.
Just get in where u fight in. Remember> :// the name of the game is taking profits whenever however u can via BTC n stable coins _buying dips on solid HODLs is paramount!!! esp if deep in the metamask woods operating with no stop loss etc u need to buy dips and pick or try to ID sell target zones for profit.
_Institutional funds, despite what the media projects, is very much testing the waters and getting ready to take a major position via their rich family n private money portion of these Funds.
In this 40page _basically survey _ of top institutional views worries etc for crypto market investments only one group/person thought BTC would be under 100k by the end of the year.(the under said around 50k at end of year)
something else that jumped out was the main concern for these fund managers was not volitivity... (funds that have not traded crypto yet still in the top 3 or 4 concerns BUT for funds active in crypto markets volatility dropped to one of least concerns n in some cases, a short term asset)
_The 2 main concerns that came up over n over for these big institutional money monsters was
1. NEGATIVE CLIENT PERCEPTION FOR TRADING IN CRYPTO MARKETS n
2. UNCLEAR/UNCEARTAIN REGULATORY GUIDLINES ESP IN US BUT>>>>>>>>not volatility or the number of other "issues" that are brought up in the media.
there r lists of other crazy interesting stuff here _so if deep in crypto_ or n just want that inside track view_ this report is a must read or at least skim. COIN BUREAU made one of his best videos in a long time on this report_ which is what i think his strongest skill set_ dissecting this type of information www.youtube.com
or the survey it self
www.pwc.com(may-2021).pdf
if ur not the study type due to time restrictions or whatever _if u read anything this year this is one of those must reads or at least watch that video
