ETH to the MOON
Updated
We're inside of a bullish pennant within a bull market. I am basing this mainly on fractals. Fractals are honestly hard to spot and even hard to share (at least for me) so I won't focus on them for this explanation, although they are very important for my trading strategy.
I have analysed this chart from many other perspectives and using other indicators. I've also read fundamentals about Ethereum on Reddit and other channels. After all this, and even considering I think the DAO was a massive screw up, I honestly see this coin as the only chance for someone from within the establishment (Bill Gates and his allies) to challenge Bitcoin. I wouldn't consider myself an expert on this cryptocurrency, but the fact that the specialised market (smart investors like you) is not 100% sure about this project doesn't worry nor bother me.
I believe ETH is artificially been pumped and it's price intentionally been manipulated by one of the richest men in the world, considering this is his brand new project. Am I concerned about this? actually, it reliefs me. I know he needs ETH to get more expensive and closer to Bitcoins price, so the exposure will attract more regular investors that see it as a possible hedge/diversification in the Blockchain world. It reliefs me because if I'm hodling, my ETH is getting more value, and these fundamentals play out we'll go very high, even to 0.1 at least. So I'm not worried we might be going down at this point as I am for other coins such as XMR and maybe DASH which I think are set to collapse in the following weeks.
The Ethereum Foundation is doing a fantastic job in getting everyone to believe that they are the #2 coin every crypto investor should and must own. Heck, there is even people who actually believe it will surpass Bitcoin someday. Behind the Ethereum Foundation, there is a fantastic and very efficient marketing and propaganda campaign which its main goal is getting everyone to believe this and get them excited, overhyped and overly invested. Their Reddit is full of those people.
In conclusion, even though the technology is basically the same as ETC and even falls behind Lisk, Dash and Monero in certain characteristics, this 'World Computer' the "new genius" Vitalik conceived and sponsored by Bill Gates is the perfect formula to get a narrative going in the style of the new Zuckerberg, Jack Ma, whatever. Because, in the end, they have to frontline certain people so potential investors and new people fall in love with them. You know, the old formula of the old man and his apprentice, the old Gates and the apprentice Vitalik. Old and young people can and will emotionally connect with them both.
On the other hand, Bitcoin only has one pseudonym of a "Japanese man" which we know basically nothing about. Yes, the speculation and mystery surrounding Satoshis identity might create more fuzz for a while, but with very negative people in the bitcoin environment like Roger Ver, a division between core and unlimited, and all the negativity around, it is normal and understandable, that, at least while this nonsense fades away and get's solved, we will see a lot of volatility in Bitcoin and a lot of upside for Ethereum.
Stop-loss at: 0.034.
P.S: My previous three ideas were deleted by mods because I posted my Twitter account in them. I didn't know it was against the House rules.
I have analysed this chart from many other perspectives and using other indicators. I've also read fundamentals about Ethereum on Reddit and other channels. After all this, and even considering I think the DAO was a massive screw up, I honestly see this coin as the only chance for someone from within the establishment (Bill Gates and his allies) to challenge Bitcoin. I wouldn't consider myself an expert on this cryptocurrency, but the fact that the specialised market (smart investors like you) is not 100% sure about this project doesn't worry nor bother me.
I believe ETH is artificially been pumped and it's price intentionally been manipulated by one of the richest men in the world, considering this is his brand new project. Am I concerned about this? actually, it reliefs me. I know he needs ETH to get more expensive and closer to Bitcoins price, so the exposure will attract more regular investors that see it as a possible hedge/diversification in the Blockchain world. It reliefs me because if I'm hodling, my ETH is getting more value, and these fundamentals play out we'll go very high, even to 0.1 at least. So I'm not worried we might be going down at this point as I am for other coins such as XMR and maybe DASH which I think are set to collapse in the following weeks.
The Ethereum Foundation is doing a fantastic job in getting everyone to believe that they are the #2 coin every crypto investor should and must own. Heck, there is even people who actually believe it will surpass Bitcoin someday. Behind the Ethereum Foundation, there is a fantastic and very efficient marketing and propaganda campaign which its main goal is getting everyone to believe this and get them excited, overhyped and overly invested. Their Reddit is full of those people.
In conclusion, even though the technology is basically the same as ETC and even falls behind Lisk, Dash and Monero in certain characteristics, this 'World Computer' the "new genius" Vitalik conceived and sponsored by Bill Gates is the perfect formula to get a narrative going in the style of the new Zuckerberg, Jack Ma, whatever. Because, in the end, they have to frontline certain people so potential investors and new people fall in love with them. You know, the old formula of the old man and his apprentice, the old Gates and the apprentice Vitalik. Old and young people can and will emotionally connect with them both.
On the other hand, Bitcoin only has one pseudonym of a "Japanese man" which we know basically nothing about. Yes, the speculation and mystery surrounding Satoshis identity might create more fuzz for a while, but with very negative people in the bitcoin environment like Roger Ver, a division between core and unlimited, and all the negativity around, it is normal and understandable, that, at least while this nonsense fades away and get's solved, we will see a lot of volatility in Bitcoin and a lot of upside for Ethereum.
Stop-loss at: 0.034.
P.S: My previous three ideas were deleted by mods because I posted my Twitter account in them. I didn't know it was against the House rules.
Note
Getting ready for takeoffTrade active
Possible target at 0.066.Trade active
This might be a possible setup to followTrade active
The moon is still far away. In the meantime, we're reaching certain checkpoints along the way in order to gain impulse, break the current level and go right through the stratosphere.Trade active
SHORT ETH NOW!Trade active
Prepare to LONG again at 0.050 - 0-051!Trade active
New target to LONGTrade active
I changed my mind. Momentum indicators are showing the current bottom is around 0.05. We will bounce off the previous upper yellow channel and then break up the descending broadening wedge, to reach previous ATH reached during the day. Bearish pennant confirms we're going down.Note
It broke the falling broadening wedge upwards because Bitcoin is currently taking a massive dump. Basically capitulating.Trade active
Decision time. I think it's more likely to go down.ETHUSDT has a bear flag so might confirm the trend down.
Note
Yep, we went down. We're at the first resistance level.Trade active
Many possibilitiesNote
Bullish pennant in the making. I'll detail the process in the following chart:
Trade closed: stop reached
We're going to the moon! check my other chart here where I detail the continuation of the trend:
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