OBV & ETH - Charts don't lie. Banksters and politicians do...So, if you are new to the markets you might not know. If you are old, you do. Wall Street uses "weapons of mass destruction" against the average person. And banksters are running the world printing money enslaving the youth and developing nations. The world is voting with their wallets and are converting their worthless government IOUs (FIAT, dollar, pesos, rubles etc) to True and Honest Money.
And crypto assets, unlike physical gold and silver, DOES NOT NEED AN ARMY! There is no physical gold to hide or protect. All you need to remember is 12 to 24 words per cold crypto wallet (or have them stored in a bank vault in a way that nobody would know it's your recovery secret phrase for your wallet, ANYWHERE IN THE WORLD! Self control of your wallet is self control of your destiny. Knowledge and truth is pure energy for good. Manipulation and bad actors are evil energy that needs to be purified. Bitcoin, the Crypto King, and Ethereum ETC, the crypto Queen are dominating. The world just doesn't know. Yet.
The crooks in charge of world fiduciary duties have failed. They are being voted out. Trust the charts, trust yourself and verify everything else. An open, honest, verifiable ledger is the world savior from the toxic bomb set off in 1971. 50 years later, we have debt jubilee. Welcome Physical Bitcoin! Welcome Physical Ethereum. Bye, bye crooked Wall Street, CME, LME and all the scum in between us and our money and investments!
TradingView is the world leader in providing amazing data. One indicator seldom used to detect market manipulation is OBV.
Let's look at that in this tutorial for New World Honest Trading Views!
OBV clearly tells us Ethereum is bullish for the last 10 days although the price has been suppressed. What happen next on break of resistance. Let's make this a teaching moment for all your readers. There are NO WRONG answers, just different points of views. Based on analysis on the latest good data you have and let's chat here!
Thank you Bitcoin, Ethereum and TradingView and all the good rocket scientists out there. The new World "Law Makers and Regulatory Viewers". And Rocket Launchers and Landers! LOL
JustCharts! WOW! Wild $T1mes alright!
ETHUSDT
Master's way to use Fibonacci ToolHello traders and dear followers!
I have not posted any idea since the start of this month but today I am back with a powerful strategy that will help your trading easy and the strategy is also very easy to apply. It works exactly as you have ever imagined/wished that God should give you.
1. A strategy that can predict the Target perfectly.
2. At the same time strategy should predict the next drop.
3. Plus strategy should also guide you through every up and down before reaching your target. LOL
We will only use the Fibonacci retracement tool and you can select Fibonacci tool from the Tool column on your left and it's inside the third option. To make it your favorite toll hit the star button.
In this strategy, you just have to find a chain of bullish candles. A chain should be of at least 3 or more continuous bullish candles and after that look for the first bearish candle and that's the first step.
Now look at the chart it's W1 btcusdt candlestick chart. If we see from 14-dec-2020 there is a set of 4 continuous bullish candles. Start the Fibonacci toll from the bottom of the bullish candle and put '0.618' Fibonacci level at the point where the first bearish candle is closed. Now Fibonacci '0' level is your target.
We can see BTC hit the Target and then drop. It's simple as that.
Let's move to the second example
The second example is the ethusdt D1 chart. In this chart, there are 2 examples. The first one has 4 continuous bullish candles and the second one has a set of 5 continuous bullish candles.
I started the Fibonacci Retracement tool from the start of bullish candles then set my Fibonacci '0.618' level at the point where the first bearish candle is closed and '0' is the Target.
We can see ETH has already achieved both targets.
In the first case of ETH it dropped after completing the target and the current one is still live means it is ready to drop soon.
You can use this tool in any timeframe.
At the beginning I gave 3 points and above you saw it complete target which was my first point and all dropped well after completing the target which was my second point and for the third point set these Fibonacci pairs the same way in any pair in 4hr or above timeframe than after that change the timeframe to 15/30/1hr timeframe and you will be amze to see how perfectly Fibonacci levels are respected.
If you want more just hit the like button and follow to stay connected.
whats the differance between these 2 trend ?Hello guys
this is educational post and most important for any Traders
these two movement have same move As the making HH and HL but in the first one the power of buyers and bullish are diminishing because for the condition of movement , if you see this movement is going like this and its near the support or resistance zone it means the chance of change trend is more than continuing the last trend .
But in second condition we are making HH and then pullback and make HL then HH and ... but in this movement the price rise then some rest and after that Buyer power is accumulated and jump the price
These two movement are making HH and HL but these differance and condition of movement is important , be careful for the movement and you can see it like in BTCUSDT movement in 1D time frame before fall down from 65k to 30k and more example in any chart you can see
Good Luck
Abtin
The volume based approach that beats holding ETH with +940% Beating Ethereum's stellar +815% gains over a year is no easy feat. Add limiting drawdown to the task and it becomes even more complicated - especially vs USDT. However with longer term strategies like this it really becomes apparent how you should simply think about the best time to buy and sell, and try to express it though market metrics, rather than trying to plague your strategy with complexity.
It's really startling this simple strategy returned 940% in one year on spot!
WILL POST EVERY POSITION BELOW (including open/close time/SL level + how every position was closed)
The strategy goals:
- Beat holding Ethereum - so more than 815% profit
- Simple to execute and stay disciplined on
- Max drawdown of 30% - we don't want to be dipping as far as the market is
The strategy:
This strategy tries to strike a balance between catching solid dips and riding reversals based on volume. Volume precedes price. It does not have to be some extremely sophisticated trading system, especially when trading a trending asset as Ethereum. If market participants start buying rapidly, Ethereum will spike. If they start selling it will go down. The key is to use metrics that help you pin this, simple as that. So in our case on the 1 hour chart:
1. We will open a position when Crypto Total Volume is up by 4% in last day AND Price is below SMA(5)
2. We will close the position when Crypto Total Volume is down by 4% in last day AND Price is up by 3% in last 3 days
We will set a stop loss at 20% of market price, no take profit. All the rules are followed 100% of the time.
The result:
This strategy accumulated +940% over a year on spot. So If you started with 10,000 USDT you'd be sitting on 94,000 USDT without touching leverage. It's also so simple to execute that you can set all these rules as alerts and just act when you need to or automate it.
It's also great that although it's a lower time frame strategy it's still created only 63 positions. It wins 77.8% of them with a bit over 8%. When it loses it's at about 11% on average. Positions are usually opened and closed within 3 days.
The drawdown amounts to about 25% over the year - a solid performance for crypto. It performed well even in the past 3 months bringing in +74.4%.
The positions:
26/06/2021 00:00
28/06/2021 08:00
2 days
OP 1,809
CP 2,049
SL 1,447.2
+13.3%
22/06/2021 13:00
24/06/2021 17:00
2 days
OP 1,792.1
CP 2,011.4
SL 1,433.7
+12.2%
21/06/2021 00:00
22/06/2021 13:00
2 days
OP 2,243.5
CP 1,794.8
SL 1,794.8
-20%
Stop Loss
08/06/2021 00:00
16/06/2021 00:00
8 days
OP 2,592
CP 2,543.6
SL 2,073.6
-1.87%
01/06/2021 02:00
07/06/2021 06:00
6 days
OP 2,662.1
CP 2,786.1
SL 2,129.7
+4.66%
29/05/2021 00:00
31/05/2021 12:00
3 days
OP 2,412.3
CP 2,551.8
SL 1,929.9
+5.78%
24/05/2021 05:00
26/05/2021 00:00
2 days
OP 2,104.1
CP 2,705.1
SL 1,683.3
+28.6%
20/05/2021 00:00
23/05/2021 01:00
3 days
OP 2,438.9
CP 2,362
SL 1,951.1
-3.15%
13/05/2021 00:00
19/05/2021 04:00
6 days
OP 3,810.2
CP 3,048.1
SL 3,048.1
-20%
Stop Loss
10/05/2021 10:00
12/05/2021 00:00
2 days
OP 4,104.8
CP 4,173.5
SL 3,283.8
+1.67%
04/05/2021 01:00
08/05/2021 00:00
4 days
OP 3,260.7
CP 3,479.8
SL 2,608.6
+6.72%
01/05/2021 09:00
02/05/2021 00:00
15 hours
OP 2,830.1
CP 2,944.8
SL 2,264
+4.06%
29/04/2021 01:00
30/04/2021 00:00
23 hours
OP 2,724.9
CP 2,757
SL 2,179.9
+1.18%
27/04/2021 04:00
28/04/2021 00:00
20 hours
OP 2,493.2
CP 2,666.1
SL 1,994.5
+6.94%
23/04/2021 00:00
26/04/2021 04:00
3 days
OP 2,397.9
CP 2,454.9
SL 1,918.4
+2.38%
17/04/2021 00:00
22/04/2021 00:00
5 days
OP 2,422.4
CP 2,357.1
SL 1,937.9
-2.7%
13/04/2021 00:00
16/04/2021 00:00
3 days
OP 2,137.9
CP 2,514
SL 1,710.3
+17.6%
11/04/2021 05:00
12/04/2021 00:00
19 hours
OP 2,130.4
CP 2,151.4
SL 1,704.3
+0.987%
06/04/2021 00:00
10/04/2021 05:00
4 days
OP 2,107.4
CP 2,191.2
SL 1,685.9
+3.97%
01/04/2021 04:00
05/04/2021 00:00
4 days
OP 1,923
CP 2,075.7
SL 1,538.4
+7.94%
24/03/2021 00:00
28/03/2021 00:00
4 days
OP 1,668.2
CP 1,712.5
SL 1,334.6
+2.66%
16/03/2021 01:00
20/03/2021 03:00
4 days
OP 1,731.3
CP 1,828.4
S 1,385
+5.61%
08/03/2021 04:00
15/03/2021 01:00
7 days
OP 1,723.7
CP 1,871.6
SL 1,379
+8.58%
04/03/2021 00:00
06/03/2021 22:00
3 days
OP 1,567.7
CP 1,642.9
SL 1,254.1
+4.8%
23/02/2021 10:00
02/03/2021 00:00
7 days
OP 1,500.5
CP 1,570
SL 1,200.4
+4.63%
16/02/2021 00:00
23/02/2021 10:00
7 days
OP 1,779.3
CP 1,423.5
SL 1,423.5
-20%
Stop Loss
08/02/2021 01:00
12/02/2021 00:00
4 days
OP 1,596.5
CP 1,785.8
SL 1,277.2
+11.9%
05/02/2021 00:00
06/02/2021 00:00
1 day
OP 1,595.5
CP 1,719
SL 1,276.4
+7.74%
28/01/2021 00:00
31/01/2021 00:00
3 days
OP 1,238.9
CP 1,378
SL 991.14
+11.2%
21/01/2021 23:00
24/01/2021 09:00
2 days
OP 1,135.6
CP 1,325
SL 908.46
+16.7%
20/01/2021 00:00
21/01/2021 23:00
2 days
OP 1,365.4
CP 1,092.3
SL 1,092.3
-20%
Stop Loss
16/01/2021 03:00
18/01/2021 15:00
3 days
OP 1,163.5
CP 1,237
SL 930.82
+6.32%
11/01/2021 15:00
14/01/2021 07:00
3 days
OP 1,038.5
CP 1,121.2
SL 830.82
+7.96%
11/01/2021 00:00
11/01/2021 15:00
15 hours
OP 1,254.2
CP 1,003.4
SL 1,003.4
-20%
Stop Loss
08/01/2021 00:00
10/01/2021 00:00
2 days
OP 1,224.9
CP 1,276
SL 979.89
+4.18%
03/01/2021 04:00
05/01/2021 00:00
2 days
OP 772.44
CP 1,041.4
SL 617.95
+34.8%
23/12/2020 02:00
31/12/2020 00:00
8 days
OP 627.26
CP 752.17
SL 501.81
+19.9%
16/12/2020 00:00
19/12/2020 00:00
3 days
OP 588.78
CP 653.76
SL 471.02
+11%
09/12/2020 00:00
13/12/2020 10:00
4 days
OP 554.92
CP 583.47
SL 443.94
+5.14%
05/12/2020 00:00
08/12/2020 00:00
3 days
OP 567.24
CP 591.27
SL 453.79
+4.24%
01/12/2020 01:00
03/12/2020 00:00
2 days
OP 605.57
CP 596.88
SL 484.46
-1.44%
27/11/2020 03:00
29/11/2020 08:00
2 days
OP 517.12
CP 541.33
SL 413.7
+4.68%
21/11/2020 03:00
26/11/2020 01:00
5 days
OP 508.15
CP 575.39
SL 406.52
+13.2%
12/11/2020 00:00
20/11/2020 02:00
8 days
OP 463.09
CP 479.4
SL 370.47
+3.52%
10/11/2020 00:00
11/11/2020 00:00
1 day
OP 444.32
CP 450.34
SL 355.46
+1.35%
05/11/2020 01:00
09/11/2020 00:00
4 days
OP 401.57
CP 454.29
SL 321.26
+13.1%
03/11/2020 00:00
04/11/2020 17:00
2 days
OP 383.01
CP 401.2
SL 306.41
+4.75%
27/10/2020 03:00
01/11/2020 23:00
6 days
OP 392.34
CP 395.3
SL 313.87
+0.754%
20/10/2020 01:00
23/10/2020 00:00
3 days
OP 378.74
CP 413.94
SL 302.99
+9.29%
13/10/2020 00:00
14/10/2020 01:00
1 day
OP 386.51
CP 384.53
SL 309.21
-0.512%
06/10/2020 01:00
12/10/2020 00:00
6 days
OP 352.38
CP 374.17
SL 281.9
+6.18%
02/10/2020 01:00
05/10/2020 09:00
3 days
OP 351.06
CP 350.22
SL 280.85
-0.239%
22/09/2020 00:00
26/09/2020 05:00
4 days
OP 340.31
CP 351.98
SL 272.25
+3.43%
14/09/2020 01:00
19/09/2020 00:00
5 days
OP 358.05
CP 384.4
SL 286.44
+7.36%
11/09/2020 02:00
12/09/2020 00:00
22 hours
OP 365.53
CP 373.62
SL 292.42
+2.21%
18/08/2020 00:00
24/08/2020 22:00
7 days
OP 430.89
CP 406.74
SL 344.71
-5.6%
14/08/2020 03:00
15/08/2020 00:00
21 hours
OP 422.13
CP 438.12
SL 337.7
+3.79%
08/08/2020 04:00
13/08/2020 21:00
6 days
OP 378.01
CP 409.8
SL 302.41
+8.41%
02/08/2020 05:00
04/08/2020 00:00
2 days
OP 372.37
CP 385.91
SL 297.9
+3.64%
28/07/2020 00:00
29/07/2020 00:00
1 day
OP 321.95
CP 316.77
SL 257.56
-1.61%
24/07/2020 01:00
27/07/2020 00:00
3 days
OP 273.92
CP 311.02
SL 219.14
+13.5%
02/07/2020 00:00
23/07/2020 00:00
21 days
OP 230.99
CP 263.75
SL 184.79
+14.2%
30/06/2020 01:00
01/07/2020 00:00
23 hours
OP 227.62
CP 225.59
SL 182.1
-0.892%
Fibonacci Channel Etherum¿What is Ethereum?
To fully understand Ethereum, what it does and how it can potentially impact the society of which we are a part, it is critical to learn what their core characteristics are and how they differ from standard approaches.
In the first instance, Ethereum is a decentralized system, which means that it is not controlled by a single governing entity. The absolute majority of online services, organizations and businesses are based on a centralized system of governance. This approach has been used for hundreds of years, and even though history has consistently shown it to be flawed, its application is still elementary once the pieces don't trust each other.
A centralized approach means control of a single entity, however it also means a unique point of failure, which makes the applications and online servers that use this system drastically vulnerable to hacker attacks and even power outages. Additionally, most social media and other online servers require users to provide at least some level of personal information, which is then stored on their servers. From there, it could be easily stolen by our company, its rogue workers, or hackers.
Ethereum, being a decentralized system, is fully self-sufficient and is not controlled by anyone at all. It does not have a central point of failure, because it is running on the computers of a huge number of volunteers internationally, which means that it can never be disconnected. In addition, the personal information of the users remains on their own computers, in which the content, such as applications, videos, etc., is kept in full control of its creators without having to obey the rules imposed by hosting services such as the App Store and YouTube.
Second, it is critical to understand that even when compared to each other over and over again, Ethereum and Bitcoin are 2 entirely different projects for entirely different purposes. Bitcoin is the first cryptocurrency and money transfer system, built and supported by a distributed public ledger technology called Blockchain.
Ethereum took the technology behind Bitcoin and substantially expanded its abilities. It is a complete network, with its own Internet browser, coding language and payment system. The most important thing is that it enables users to produce decentralized applications on the Ethereum Blockchain.
These applications have the potential to be either entirely new ideas or decentralized reworkings of existing concepts. This in essence takes away the middle man and all the costs associated with collaborating with a third party. Exemplifying, the exclusive benefit that arises from users "liking" and "sharing" the messages of their favorite musicians on Facebook is created from an ad placed on their page and goes directly to Facebook. In an Ethereum version of such a social network, both artists and the public would receive awards for positive communication and support. Similarly, in a decentralized version of Kickstarter, you will not only receive a device for your contribution to the company, but you will receive a section of the future benefits of the company. In the end, applications based on Ethereum will eliminate all kinds of payments to third parties to fascinate any type of service.
In short, Ethereum is a Blockchain-based, open source, public distributed program platform that enables developers to produce and run decentralized applications.
As discussed earlier, Ethereum is a decentralized system, which means it uses a peer-to-peer approach. All relationships have a place between the users who participate in it, without the involvement of a control authority.
The entire Ethereum system is supported by a universal system of so-called "nodes". The nodes are volunteers who download the entire Ethereum blockchain to their desktops and fully carry out each of the system agreement standards, keeping the network honest and receiving rewards in return.
Those rules of agreement, as well as various other points on the network, are dictated by "capable contracts." These were made to automatically make transactions and other specific activities on the network with parts that you do not exactly trust. The terms that the two pieces have to carry out remain pre-programmed in the contract. The completion of these terms triggers a transaction or any other specific action. Many people believe that capable contracts are the future and that, with the era, they will replace all other contractual agreements, because the use of capable contracts provides greater stability than classical contract law, lowers transaction costs associated with recruiting and institutes trust in the middle of the 2 pieces.
Furthermore, the system further grants its users the Ethereum Virtual Machine (EVM), which in essence serves as a runtime scope for Ethereum-based capable contracts. It gives users the stability to perform unreliable code while ensuring that programs do not interfere with each other. The EVM is completely isolated from the main Ethereum network, making it a perfect instrument for testing and improving capable contracts.
The platform also grants a cryptocurrency token called "Ether."
Who designed Ethereum
At the end of 2013, Vitalik Buterin explained his initiative in a white paper, which he sent to certain of his friends, who in parallel sent him further afield. As a consequence, some 30 people contacted Vitalik to discuss the term. He was expecting criticism and people pointing out critical errors in the term, yet it never happened.
The plan has been publicly announced in the first month of the year 2014, with the central fixtures consisting of Vitalik Buterin, Mihai Alisie, Anthony Di Iorio, Charles Hoskinson, Joe Lubin and Gavin Wood. Buterin also presented Ethereum on the stage of a Bitcoin conference in Miami, and a few months later the accessories made the decision to wholesale Ether, the network's native token, to finance the development.
Is it a cryptocurrency?
By definition, Ethereum is a program platform that is intended to act as a decentralized internet, as well as a decentralized app store. A system like this requires a currency to pay for the computational resources required to carry out an application or a program. This is where "Ether" comes in.
Ether is a digital bearer asset and does not need a third party to process the payment. However, it not only works as a digital currency, but also acts as "fuel" for decentralized applications on the network. If a customer wants to modify something in one of the Ethereum applications, they should pay a transaction fee for the network to process the change.
Transaction fees are automatically calculated based on the functionality of the proportion of "gas" that an action needs. The prime fuel ratio is calculated based on elemental computing power and drive time functionality.
Ethereum Like Bitcoin?
Ethereum and Bitcoin have the possibility of being somewhat similar once it comes to the cryptocurrency aspect, but the truth is that they are 2 entirely different projects with entirely different purposes. While Bitcoin has predetermined itself as a subjectively stable and most successful cryptocurrency to date, Ethereum is a multipurpose platform with its Ether digital currency being only one element of its contract-capable applications.
Even once the cryptocurrency aspect is comparable, the two projects appear to be quite different. For example, Bitcoin has a capacity of 21 million Bitcoins that could be spawned, in which the potential supply of Ether could be basically infinite. In addition, the average Bitcoin block subtraction era is 10 min, while Ethereum purpose does not exceed 12 seconds, which means faster confirmations.
Another big difference is that today the triumph of Bitcoin mining requires large chunks of computing power and electricity and is only viable if mining is applied on an industrial scale. However, Ethereum's proof-of-work algorithm encourages decentralized mining because of people.
Perhaps the most relevant difference between the two projects is that Ethereum's internal code is complete Turing, which means that literally everything could be calculated constantly and once there is enough computing power and time to do it. Bitcoin does not possess this ability. Where a full Touring code gives Ethereum users fundamentally unlimited modes, its difficulty also means likely stability complications.
How Ethereum works
As previously said, Ethereum is based on the Bitcoin protocol and its Blockchain design, however, it is adjusted so that applications beyond money systems can be supported. The unique similarity of both Blockchains is that they store entire transaction histories of their respective networks, however the Ethereum Blockchain does a lot more than that. In addition to the transaction history, each node of the Ethereum network also requires downloading the most current status, or today's information, of each smart contract on the network, the balance of each client and all the smart contract code and where it is stored. .
In essence, the Ethereum Blockchain can be explained as a transaction-based state machine. Once we talk about computing, a state machine is defined as something capable of reading a sequence of inputs and transitioning to a new state based on those inputs. Once the transactions are executed, the machine goes to another state.
Each Ethereum state is based on millions of transactions. These transactions are grouped to form "blocks", with all and all blocks chained to their previous blocks. However, the precedent for the transaction to be added to the largest book requires validation, which goes through a process called mining.
Mining is a process in which a set of nodes apply their computing power to complete a "proof of work" challenge, which is essentially a mathematical puzzle. The more powerful your computer is, the faster you will be able to solve the puzzle. An answer to this puzzle is itself a proof of work, and ensures the validity of a block.
Several miners from all over the planet remain competing with each other in an attempt to produce and validate a block, because each time a miner tests a block, new Ether tokens are created and handed over to the miner spoken. Miners are the backbone of the Ethereum network, because they not only verify and validate transactions and any other operation on the network, but also produce new tokens of the network's currency.
Decentralized applications have the potential to completely modify the interaction between organizations and their audiences. Currently there are several services that charge commissions for simply providing a defense service and a platform for users to exchange goods and services. However, the Ethereum Blockchain can allow consumers to trace the principles of the product they remain buying, while utilizing capable contracts can ensure a safe and speedy business for the two pieces without any middle man.
Our Blockchain technology has the potential to revolutionize web-based services, as well as industries with long-established contractual practices. For example, an insurance industry in the US has well over $ 7 billion in sloped life insurance money, which has the potential to be fairly and transparently redistributed using Blockchain. In addition, with the use of capable contracts, consumers have the ability to simply submit their insurance claim online and receive an instant automatic payment, taking into account that their claim met all the required criteria.
In essence, the Ethereum blockchain is capable of bringing its overriding principles - trust, transparency, stability, and efficiency - to any service, trade, or industry.
Ethereum could also be used to generate Decentralized Autonomous Companies ("DAO"), which operate in a completely transparent way and free from any mediation, without a single boss. DAOs are managed by programming code and a collection of capable contracts written on the Blockchain. It was designed to erase the need for one person or set of individuals in complete, centralized control of an organization.
DAOs are owned by individuals who purchased tokens. However, the proportion of tokens purchased does not equal activities and ownership. However, tokens are contributions that give the population the right to vote.
Advantages of Ethereum
The Ethereum platform benefits from each of the characteristics of the Blockchain technology with which it works. It is completely immune to any third party participation, which means that each of the decentralized applications and DAOs deployed on the network do not have the possibility of being controlled by anyone.
Any Blockchain network is formed close to an agreement start, which means that all nodes within the system need to be in consensus in each change that is made in it. This rules out fraud, corruption, and makes the network tamper-proof.
The entire platform is decentralized, which means there is no single viable point of failure. Consequently, each of the applications will constantly be online and will never be shut down. Furthermore, the decentralized nature and cryptographic stability make the Ethereum network well protected against probable hacker attacks and fraudulent occupations.
Desventajas de Ethereum
Despite the elaboration that capable contracts remain intended to make the network fail-safe, they only have a chance to be as good as the individuals who write the code for them. There is continually room for human error, and any errors in the code could be exploited. If that happens, there is no direct way to stop a hacker attack or a bug exploit. The only viable way to do this might be to compromise and rewrite some code behind. However, this is entirely in opposition to the very essence of the Blockchain, since it is implied that it is an unchangeable and unchangeable ledger.
The DAO, which is the name of a particular DAO launched on April 30, 2016, has come under attack and well over 3.6 million Ehter tokens have been stolen. The attacker exploited a "recursive call bug" in the code, essentially draining the funds from the DAO into a "child DAO", which had the same composition as the DAO. The loss of a significant portion of DAO funding has not been the sole effect of the attack, as it fundamentally undermined user trust throughout the Ethereum network, with the cost of Ether falling from well over $ 20 to less. of 13 dollars.
What applications were developed on Ethereum?
Ethereum has the potential to open up the planet of decentralized applications even for people without any technical training. If this happens, it can transform into a revolutionary leap for Blockchain technology that will bring it closer to mass adoption. Today, you can easily access the network through its native Mist browser, which provides a simple to use interface, as well as a digital wallet to save and trade with Ether. Most relevant is that users have the ability to draft, govern and carry out capable contracts. Alternatively, the Ethereum network can be entered via a MetaMask expansion for Google Chrome and Firefox.
The Ethereum platform has the potential to profoundly affect hundreds of industries that currently depend on centralized control, such as insurance, finance, real estate, and so on. Today, the platform is being used to produce decentralized applications for a wide range of services and industries. Below is a list of several of the most notable.
Technical analysis:
Historically, ETH in its strong retracements hit 0.786 Fibonacci. Until I break it.
Personally, I will start scalar purchases from now on. We are betting that the next bullish rally will be in 2024. And that this fall will be prolonged, but ETH is quite liquid, falling to prices below 0.5 of a psychology zone for prolonged cycles will take time.
If we are based on a gann fan, we could take as a possible buying zone the value of 1100 dollars, however, we are in the midst of an economic crisis, so I do not wait if this crisis begins to support those levels.
And the Fibonacci fan, would place the price in a range of 900 - 1400 USD. But really although this is very good to find possible support and resistance areas, I plan to use my gold ratio as a base to have my possible entry areas, in scalar purchases.
Based on the Fibonacci channel, if the fall is prolonged and this peak of 64k is the end of the cycle and an economic crisis begins, I would expect that ETH at the beginning of halving of BTC would obtain a minimum value greater than 753 USD, representing that price one of my last purchases, to bet on the rise.
My Gold ratio, would place as a possible buy zone, more demand in the value of 719 usd. Above the 200-period moving average on the weekly chart. But we must also consider, that it does not necessarily respect this area, Our POC places the value of possible high demand in Volume of 288 USD. I do not personally think we touch this value, but I will also place it as a possible Maximum buy zone.
Placing these as possible values.
And well in terms of RSI, we still have a high range of decline on the weekly chart, so expect values lower than these in the long term, not daily, not a week, long term.
It is entirely possible.
Finally using Fibonacci Fan, Historical Data, Fundamental, making scalar growths based on PHI of Ratio Gold, we could expect the following results. The buy zones are in range, being scalar, prioritizing leaving more capital for the price close to the 200-period moving average on the weekly chart, representing that value one of the strongest purchases, but leaving an extra for a possible greater retracement.
Being the maximum in the worst case the value of 280 usd. Represented this as a possible second major purchase. Personally I doubt we will touch it, but let's not rule it out.
And here are the long-term goals. This being the maximum for from here in the future, doubting much of obtaining higher returns to these in the long term, for simple issues of capitalization in which it is already quite high obtaining those values, so I think that ETH this would be the maximum value . For many years.
You already know that these graphs are not designed to visualize the time when these values will be reached, we place that the maximum rate to reach these values would be until 2030, being the most pessimistic. I really believe that ETH has performed well compared to other assets. However, I believe that its long-term development, when the halving begins in 2024, could represent the indication of a possible new upward cycle. In the meantime I review the project and its development so I can decide and have more confidence in the asset to invest.
Learn to Read Charts (Stochastic Oscillator & ETH)✅ Ever heard people saying that something is "overbought" or "oversold"?
One of the most famous and powerful tools for this is the Stochastic Oscillator.
This indicator easily shows you if something is overbought or oversold.
✅ What is a Stochastic Oscillator?
A stochastic oscillator is an indicator that compares a specific closing price of an asset to a range of its prices over time – showing momentum and trend strength. It uses a scale of 0 to 100. A reading below 20 generally represents an oversold market and a reading above 80 an overbought market. However, if a strong trend is present, a correction or rally will not necessarily ensue.
✅ To use the stochastic oscillator, it is first important to understand exactly what the readings are showing you.
The stochastic oscillator is a bound oscillator, which means it operates on a scale of zero to 100 – this scale represents an asset’s entire trading range during the 14 days, and the final percentage shows where the most recent closing price sits within the range. This makes it easy to identify overbought and oversold signals. Regardless of how quickly the market price changes, or how the market volume fluctuates, the stochastic oscillator will always move in this range.
✅ If there is a reading over 80, the market would be considered overbought, while a reading under 20 would be considered oversold conditions.
✅ If we continue our previous example, a reading of 93.3% would be considered extremely overbought during the 14-day period. Following stochastic oscillator theory, this implies that a price reversal would be impending. In fact, some people believe that a reading above 90 is extremely risky and warrants the closing of positions.
✅ The most common use of the stochastic oscillator is to identify bullish and bearish divergences – points at which the oscillator and market price show different signals – as these are normally indications that a reversal is imminent. A bullish divergence occurs when the price records a lower low, but the stochastic oscillator forms a higher low. This shows that there is less downward momentum and could indicate a bullish reversal. A bearish divergence forms when the market price reaches higher highs, but the stochastic oscillator forms a lower high – this indicates declining upward momentum and a bearish reversal.
✅ However, it is always important to remember that overbought and oversold readings are not completely accurate indications of a reversal. The stochastic oscillator might show that the market is overbought, but the asset could remain in a strong uptrend if there is sustained buying pressure. This is often seen during market bubbles – periods of increased speculation that cause an asset’s price to reach consistently higher highs.
✅ TradingView lets you use the Stochastic Oscillator for fast and easy forecasting. You can find it in Indicators & Strategies (f(x)) above your chart.
Simple Strategy Reveals Easiest Way to take Profitable TradeSo As you can see in our previous trade,
I shared with you a super simple strategy,
Based On Price Action Theory,
That reveals how to take highly favorable trade entries,
Now is this something that works every time?
No unfortunately in trading we don't have certainty,
but what we can actually do is reduce our risk,
by taking positions that are more favorable towards the direction we think the market will go,
I target a 2:1 reward to risk ratio when trading,
In other words, if I’m risking 50 pips, I place my take profit of 100 pips below my entry.
You can also use your reward to risk ratio as a filter.
For instance, if you calculate that you cannot hit your
full 2:1 take profit before price moves down into an area that you believe could possibly be a strong support zone,
you may want to skip the trade or only take the trade if you can get the 50% entry.
One of the best things about the double top pattern is that it often provides great entries (fewer pips at risk),
which in turn makes it more likely that even a short-lived reversal will hit your full take profit.
Let me know what your thoughts are on this strategy in the comments below.
How to trade triangle breakouts at weekends.Happy Sunday traders.
Trading is difficult. Weekends in particular bring a lot more difficulty. I wanted to create this chart to make it easier for beginners to trade.
You can easily see from the chart the course of events and how you can prepare for such situations in the future.
BTCUSD: Does opinion of crypto influencers matter?Influencer Social Market Sentiment is one of the 6 types of social alerts that RoninAi project is producing.
The 6 types of social alerts are presented below:
1. Market Manipulation Alert
2. Market Trend Reversal Index
3. Market Trend Intensity Indicator
4. Market Top and Bottom Index
5. Influencer Social Market Sentiment
6. Institutional Volume Signals
When Crypto Influencers speak up on Twitter, we collect their tweet sentiment and produce an index.
Recent results of how Influencer Social Market Sentiment caught the recent rally?
Entry: Jul 4, 2020 at 2:09AM EST
Exit: Jul 8, 2020 at 7:16PM EST
Return = 3.9% with almost no drawdown.
These Social Alerts are good for COINBASE:BTCUSD , COINBASE:ETHUSD , COINBASE:LTCUSD , COINBASE:BCHUSD , and COINBASE:XRPUSD .
For more info, feel free to drop your questions in the comments.
#ETH hedging opportunity on ETH hourly chartWe have found a perfect hedging opportunity on ETH hourly chart.
We have symmetric triangle formation on ETH hourly and also the chart is ranging between 240-246 , so there comes the perfect hedging opportunity.
HEDGE ETH @242.5-243.5
Close long @ lower breakout - 239
close short @ upper breakout - 246
BTCUSD & ETHUSDT | Direct correlation of assets' price actionAt the 4H-timeframe scale it can be clearly seen how perfectly correlated are Bitcoin and Ethereum price actions in the middle term.
There are vertical flags with dates and time from the beginning of the observation till the current moment. Starting from the 21th of November you can see each sharp movement duplicates, even IHS patterns were formed in the same manner.
What does it mean?
1. Bitcoin's capitalization and Ethereum capitalization is represented mostly by the same big players now.
2. Once fundamental news arrive and affect the market big players either fix their crypto to stable coins in case they expect drop or enter the market back diversifying their holdings between ETH and BTC in equal proportions.
3. It does not seem like a
collusion it is more likely big players want to diversify, however this now destroys opportunities of diversification.
4. Because ETH and BTC can no longer be used for diversification soon we will see whales choosing other instruments for it.
5. Once new coin is determined ETH will have an inverse correlation with Bitcoin. Moreover Ethereum will face with a sharp value drop once it happens.
Conclusion:
Do not use Ethereum for diversification in the mid or long term. Ethereum is now risky for long term holdings, choose several top-10 cryptocurrencies instruments for it
What can we learn if BTC decouples from ALTs & Dominance drops?This last move was important to pay attention to and be aware of whats going on in the markets. Bitcoin has been dominating the landscape for some time and for good reason. It has the most exposure, it has large funds being able to invest in it, etc, etc.... People were creating ways to get into the crypto craze and found ways to do it.
I am not hear to pinpoint on exactly when to get in. I am hear to tell you that if you are sitting on the sidelines mulling around whether or not it's a good time to get in, please consider this chart. I can throw most any major alt coin and the result will be similar as to the eth and ltc comparison. AS BTC dominance drops, the ALT's rose, along with BTC for that matter. If we are going to have a massive alt season 2, this will be the time to get in and HODL. If you are targeting ETH, will it matter if you get in at 150, 200 or even 250 if it goes to $1,200? No, it won't. If you wait for more confirmation, you could possibly miss a large move to the upside. Maybe it goes down more before it goes up, no one knows. If we take a step back for a moment and look at bitcoin dominance we can see what story it is telling. The first and most obvious is that when BTC domiance dropped in 2017 prices started to increase. It's important to notice that this happened MID 2017, but people consider the bull run to happen late 2017 if not the beginning of 2018. But if you invested then you were late. You were showing up to the party as the police were arriving. Not a good time.
The BTC dominance MACD is just about to arc over and cross. RSI is very much oversold. The BTC halvening is approaching next year, there are massive advances in crypto, etc... The decoupling exposed itself this last rally when almost EVERYTHING moved up and BTC stayed flat. Of course everything has corrected a bit, but that is to be expected. There are signs they are decoupling and if so it could be worthwhile to begin to take positions for a move up. Almost EVERY cross (ETH/BTC, LTC/BTC, etc..) are at all time lows, priming the pump for another ALT season. Ask yourself this... If ETH went down to $150 even if you bought at $200, would you be angry at having to ride it out? Or more angry if you hadn't bought at $200 and it moved up to $300, or 500? Make sure you evaluate your plan, whether trading or hodling and know the potential of what is going on. Stay disciplined. Could BTC go down to 7k?Could it drag everything else down with it? Very possible, and it's what I have thought until this latest move. Because what if it decouples from alt's and those stay stable or even move up? As evidenced by the recent moves? Compare the latest ETH chart to BTC. It looks like BTC is moving down and ETH to the upside... It will be quite interesting to see where we go and I hope I provided some insight and help for your positions or trading.
Best of luck trading and hodling
-Sherem
ETH: Crucial S&R Zone!ETH is at the crucial 215-16 S&R Zone: A bullish bounce would lead to previous highs. A bear break could lead to the previous breakout zone.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
ETH/BTC At Crucial Support: Huge Downside Potential!Hello dear ETH traders, hope you're doing well guys! ;) ETH/USD saw a nice breakout out of the wedge, but in the direct correlation to grandpa Bitcoin we're hugely descending & right now at a crucial support. If the bulls cannot bounce off from here, we have huge downside potential.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Let's get down to ETH NOOB basics.Hello, let's run over an analysis of the ETH and that's going to be an amateurs understanding and pattern recognition. Along with a few other treats, the legendary Bollinger Bands. Plus, I'll throw some lines in there to look official like the almighty poop cannon. www.tradingview.com
SO, everytime this sucker drops below 30, we crash and burn. And we just need one good push to lower us to all time lows. "SHOW ME THE MONEY"
Then it's a steady rise usually back above the 70 RSI indicator giving us amazing profits to our intial investment. That's why swing trade only for a profit and you're confident its gonna retrace and not going parabolic.
Don't be afraid to take a few dollar profit and watch it go down a few dollars. Okay, you're already too worried. Did you invest more than you can afford. :-\ Movving onnn.....
Satoshi
A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC. In the future, however, the protocol may be updated to allow further subdivisions, should they be needed.
If you trade the Satoshi value. You take the stress of trading real money and you focus on raising your number. I get a white board and set my weekly goal. Which will be $200 or something simple. When you hit your targets, it feels good and you get a sense of accomplishment. I recommend this method.
RSI
I've noticed an emerging pattern when you expand the chart. The common RSI levels 30 and 70 are extremly strong indicators on where the market will swing if it hits. Over 70 is a breakout, under 30 is BTFD.
Yup, so it doesn't hurt.
Bollinger Bands ; steemit.com
I don't know any other way to explain this better than what this dude has already done. So I'll only ask you, if you like making money flawlessly from a phone, at work on your lunch... (Wait that's me, nm) :)
So I can make 1-2 trades an hour. Either shorting the stock (u believe it is going down) or it's time to, BTFD! So, do it. Might as well be doing something while you stuff your face. Heck you might even pay for lunch if you make a decent trade.
Conclusion: :-|
I like ETH. But it's so much better when you apply to alt coins. So, buy ETH, sell ETH, HODL ETH!!! A million reasons yes, a billion reasons no. RUN FOR THE HILLS. GLHF