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Constantinople

ETH-BTC Long Trade PlanCommodity : ETHEREUM Trade Type : LONG Trading Against : BITCOIN Entries : Double-UP Entries throughout the Buy Zone Profit Taking : 25% at each TP point Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on Duration - 1-4 weeks Investment in trade : 15% of the total Trading Balance. Prospective Profit : 4.6% to 15.6% Prospective Loss : 2.6% RRR : SL to TP1 is 1.72, SL to TP2 is 2.91 , SL to TP3 is 4.47 and SL to TP4 is 5.89 Buy Zone/TPs/SL price points are marked in the chart as follows Greens - Profit Targets (TPs) Blue - Buy Zone (Entries) Red - Stop Loss (SL)
Long
by CryptoTherapist
Constantinople … Now What?As you may be aware, the Constantinople Hard Fork on the Ethereum blockchain has been implemented. So, lets see how traders reacted to this implementation…*crickets*. This could be one of those ‘buy the rumor sell the news’ type scenarios. What you can see in equities markets, is when a positive catalyst event emerges on the horizon, there is some anticipatory buying from speculators to aid a ‘run-up’ into the date of the catalyst. Then, when the moment passes and there is no follow-through, trades exit their long positions taking profits, not getting too greedy. Two weeks ago, we wrote in our morning piece, “Constantinople - Round 2”, “The ETH H (3/29/19) $125 Call is worth roughly $12. If you can buy at the calls at this price, that would give you a break even up to $137. Viewing this ETH chart, we feel as though it is just ‘air’ up to ~$150. In other words, we don’t believe we shall see any RESISTANCE until that level as a rally could easily gap to that price.” Within days, our call was spot on, as ETH gapped right to our target price of $150. We wrote our Constantinople Round 2 Follow-Up piece after that run-up pointing out that the ROI on a short term options play (GAMMA) could reap much higher rewards than an outright purchase of the spot price. Amazingly, some days later, we saw the price of ETH trade up to ~$165, only to be rejected hard and settle down into this range between $130-$140. Since this was a shorter-term trade, one would hope to have sold some DELTAS on these rallies to help capture profits via GAMMA scalping. However, if this opportunity was missed, you would still be sitting on the $125 Calls, that are worth ~$17.50 today, with a small profit. This event driven trade is now over, and in our eyes, it is difficult to come up with any reasonable thesis to have conviction for ETH to trade higher or lower. We would be of the opinion to close out of this trade, sit tight, and wait for the next trade opportunity patiently. Which brings us back around to our original point of ‘buy the rumor sell the news’; traders got long into this event, and shall close out of their length if they haven’t done so already. A minor selloff could occur (if it has not yet taken place already). medium.com
COINBASE:ETHUSDShort
by BitOoda_LLC
ETH Constantinople Hard Fork Short strategySo tomorrow ETH Constantinople Hard Fork is happening which should increase market volatility as usually it happens during most of the major forks. Currently in 4h chart ETH is in ascending triangle which suggests for continuation of a drop if it breaks the line. Since Bitcoin had a big leg down recently, and it is expected to have another one - the market sentiment is bearish again. I will be looking to catch quick 10% scalp trade if I see that volatility increases. Moreover, if BTC would have another leg down, I believe ETH would have bigger drop than majority of the coins and could drop to about $100 area where is another major resistance.
BITFINEX:ETHUSDShort
by IDK13
Ethereum Constantinople FORK, what do you need to know?BITFINEX:ETHUSD BITMEX:ETHH19 BITMEX:ETHUSD COINBASE:ETHUSD BITSTAMP:ETHUSD The "Constantinople Hard Fork " is closer than ever, scheduled for release on the 28th, this week on the Ethereum network. However, there is still much confusion and even misinformation about the nature of the supposed fork. Constantinople is part of the Metropolis project, a series of upgrades and improvements to make the Ethereum network more sophisticated and much more efficient. This will be done through different changes that will happen in the network. Prior to Constantinople, the ETH passed by the "forks" Homestead in 2016 and Byzantium in 2017 (Part of the metropolis project, as well as Constantinople). Curiously, both forks did not have much impact on the price of Ethereum. It is worth remembering that the term "hard fork" is being used to describe this new moment of Ethereum, but this is not the exact naming of what will happen. Vitalik himself disagrees with how Constantinople is being called: "IMO the Ethereum community should consider adopting @zcashco's terminology of calling things like Constantinople "network upgrades" and reserve "fork" for splits that leave 2+ viable chains. Too many people asking me lately where they can dump their non-Constantinople coins... " --Vitalik. The tweet from the creator of Ethereum well sums up a feeling that is hovering over the crypto community. When calling Constantinople hard fork, many people assume that the network will be split into two, as happened after the infamous DAO incident which gave rise to the Ethereum Classic (ETC). Of course, it's not wrong to call Constantinople a fork, but it's important to understand the difference from the other forks which prevents users from falling into certain "scams", such as the Ethereum Nowa and the Ethereum Classic Vision that promise airdrops and can hurt users. Knowing that Constantinople is an update, you and me as traders do not have to worry about anything. For investors and users interested only in the currency, just understand that nothing will be changed in the operation of the Tokens and that ETH will continue in the same way we know it today. However, it is still important to keep an eye on this update as an observer and market investor. Like all other platforms, Ethereum can only have value if it proves useful, far beyond market speculation. By improving these operations, the ETH network is taking important steps to improve its acceptance and consequently become a more complete and robust tool, which in the long run will probably bring effects on price by becoming an even more complete and reliable platform . We should not expect any price movement because of this fork, so look at what the chart tells you and in that case trade quietly, but keep an eye on the news to confirm that the update occurred as expected and without bringing any kind of setback
by LiuTrader
1
Constantinople - Round 2: ATM ETH CallsOn January 4th, we wrote a speculative trade piece for the January 16th Constantinople Fork. Today we will aim to replicate those trade ideas for the second attempt of the Constantinople Fork Implementation. According to the core developers, the fork will become effective on block number 7,280,000, which should occur on Feb 27th. When looking for opportunities in price movements on a SHORT-TERM thesis, one can use options to get long GAMMA, which essentially allows a trader to get highly leveraged exposure at a low-cost premium. Below is BitOoda’s Option Run, courtesy of KRM22’s ProOpticus software. This tool is an effective way for us to keep track of option values, and calculate the Greek’s that would be associated with any options structure priced up for our clients. When exploring opportunities for high GAMMA option plays, we shall look towards the March (3/29/19) options contracts, located in the left most column above. As you can see, the March $125 Straddle is worth ~$30. With the previous build-up, and ensuing let down of the first attempt at the Constantinople fork, we saw a price selloff from ~$155 to ~115 by the time the January options expired. The January $150 Straddle when we wrote our first Morning Report was also ~$30. This trade was a small winner (profited $5 from $30 premium = 16.67% ROI). We also recommended buying outright At-The-Money Calls or Puts if you had a conviction on price direction. As we saw, the Puts were spectacular, and the Calls were losers. For this second attempt at the Constantinople Fork, the core developers believe this round will go off without a hitch. If you believe in what they are saying, then buying At-The Money Calls would be your best options strategy here. If you have been following our Vol updates over the last few weeks, BTC vol has been extremely suppressed due to the lack of realized volatility in the space. The implied volatility (option values) should act similarly in ETH vol terms. The ETH H (3/29/19) $125 Call is worth roughly $12. If you can buy at the calls at this price, that would give you a break even up to $137. Viewing this ETH chart, we feel as though it is just ‘air’ up to ~$150. In other words, we don’t believe we shall see any RESISTANCE until that level as a rally could easily gap to that price. A Forking event in any protocol has taught us one thing; uncertainty and price volatility are sure to follow. Let’s use our past experiences and observations to take advantage of these opportunities for some speculative profits in a low-risk, high-reward manner.
COINBASE:ETHUSDLong
by BitOoda_LLC
ETH/USD Bulls v Bears Constantinople Day SpecialIt's getting real! Bulls vs Bears special. Please join in and let me know what you think, $190 or $80? comment below! Let's discuss. With Constantinople day upon us, I saw two possible scenarios here. This can also be a useful chart to keep or bookmark as it labels the current key resistance and support zones and corresponding fib. levels with prices. If we hit the blue circle on Constantinople day, all hell could break loose, we have: The climax of Constantinople Day itself Bulls pushing a possible Elliott Impulse Wave Bears Pushing a possible Elliott Impulse Wave The .618 fibonacci level The .5 fibonacci level An unbroken downwards trendline that will be at $150 (purple line) - this line has never been broken. So, what do you think? $190 or $80? Are you bullish or bearish? Start of the bull market? Continuing bear market?
BITMEX:ETHUSD.P
by SlicerTrading
ETH/USD Possible Scenario leading up to Constantinople and AfterLooking for a confirmation on a short play on the 4hr ETH/USD chart. For confirmation we need a short term uptrend from now to 15 Jan to validate this short play (At least $5+ in price action terms - depending on your exchange). I would ladder shorts very widely (with the hype train in mind) all the way up from $129.50-$146 and set a stop at the $147-$150 range, depending on your leverage and how comfortable you are with the play. Note there is a major overbearing downward trendline at the $150 price range (on Bitmex) on Constantinople day - ETH has never broken this bearish downtrend line since it started in August 2018 (purple line) - you could set laddered shorts up to $150 and stops at $151 if you are feeling adventurous, giving you an extra barrier between the play. Constantinople & the following Anticlimax Constantinople day is marked between purple vertical horizontal lines. Anticlimax effect: The Constantinople update will likely be an anticlimax and forgotten the day after, as this is a blockchain upgrade which Joe & Jane won't notice - it won't make them rich or change lives which is often the expectation. An anticlimax could cause a faster dump than possible, as this is crypto. More T.A Notes from the chart The MACD is trending short term bullish for an uptrend which would confirm this is in play The RSI is on the border of oversold territory, leaning towards an uptrend that would confirm this play A Fibonacci Retracement to above the .618 level and back down is this whole play This looks like a loose head and shoulders (which are always suspicious and loose as hell anyway - I don't like them - but there's one here) An Elliott Impulse wave of 1,2,3,4,5 based around the Fib levels and approx. $130 price resistance level would also fit here Volume has lowered on the 4hr but is still quite consistent on the volume Moving Average We need volume to increase on the 4hr for this move to play out Please note I have been watching ETH/USD during Constantinople hype and called the recent drop correctly here:
BITMEX:ETHUSD.PShort
by SlicerTrading
3
ETH/USD with Constantinople Taken in to AccountCan't wait to see how this plays out. Reasons why I think these are the scenarios: ETH/USD is in a clear cut bearish downtrend but there is three hard forks including the Constantinople upgrade of the Etherium blockchain. Notes ETH failed the break the trendline again and bulls look a little exhausted. There is currently nothing to show in the TA there will be a breakout uptrend. Constantinople May cause a new level of support if it break the trend. May cause more rapid sell-offs if there is a quick downtrend, some will have been buying for a while and take profit or panic sell. May be a complete anticlimax, or the forks may even devalue and dilute Ethereum market cap May cause amazing breakout against the trend as per the arrow above
BITFINEX:ETHUSDShort
by SlicerTrading
8
ETH and upcoming Constantinople Hard Fork on Jan 16Project Metropolis for ETH Stage 1 - Byzantium - Oct 16, 2017 Stage 2 - Constantinople - Jan 16, 2019 Previous action during stage 1 upgrade On Oct 12, 2017, ETH had a price spike from $302 -> $346, with a significant increase in volume starting around 20:00 (UTC -8:00), and with the peak around 11:00 the following day, roughly a 15hr time frame. 24hr volume nearly tripled during this same period. The higher price levels held steady until Oct 15, around 22:00 when a strong selloff occurred, right before the Byzantium upgrade was performed. By the end of the sell off, the price had dropped past previous support levels to $291 by Oct 19, and $218 by Oct 23. Keep in mind this was during a strong bull market. Recap of previous action during stage 1 upgrade Oct 12: $302 -> $346 (+13%) Oct 15-18: $340 -> $291 (-14%) News On Jan 16, developers have agreed to hard fork Ethereum. This is the second stage for Metropolis, with the goal to help Ethereum network to be more efficient, quicker, and less expensive. Potentional price action Can we expect similar action as we approach the upcoming Byzantium upgrade? It's a bit early to tell, but it's important to watch more closely as the date nears. If volume starts increasing, we could see a significant 10-15% price increase, and rapid selloff just before the upgrade occurs. Currently we had a price breakout following a falling wedge (blue), as bears ran out of strength near the previous support levels around $112. You'll notice the candles got small right before the upward breakout. The breakout pushed the price all the way up to $140. A new upward trend (purple) could be forming. Moving forward, it's important to watch the price action near the lower trend line (purple), and the next line of resistance (red). If the lower trend line holds, and the line of resistance is broken, then we might see a solid upswing approaching Constantinople. Overall, I like the current the price action and I'm feeling bullish as Constantinople approaches. Keep in mind overall market is bearish right now. But we are heading into the new year, a time when sentiment is generally positive and people are feeling good.
ELong
by CryptoKujira
Ethereum Rally into Constantinople Fork / Alt-Season (Risk on)Ethereum is sitting on strong historical support vs. BTC and is exhibiting bullish divergences in both momentum and volume. With the upcoming Constantinople hard fork, which is reducing the block reward from 3 to 2 Eth, Eth may rally into the event after months of downtrend vs. BTC. As is indicated via the chart, Ethereum rallies vs BTC (eth outperforming btc) have led to a risk on approach to higher risk crypto assets known as altcoins. Many refer to this event as "Alt Season". If Ethereum can manage to rally vs. btc, other higher risk assets may see explosive rallies, as sellers have become extremely exhausted and sell side liquidity is almost non existent.
Long
by LARP_Capital
ETH Reverting to the Mean?Please don't trade based on my technical analysis alone. This is only meant to provide you with new ideas and new insight to improve your own unique approach to trading. I don't expect to accurately predict what the price will do. I just enjoy imaging different scenarios that could happen. Enjoy! This is just a quick update on ETH. If you don't know, I'm very bullish on ETH in the long term. I don't know how long it will take but when it happens I for one will be capitalizing on it. The recent bullish action has me especially excited. I think it's just getting started. ETH is suspected to release the major update Constantinople in mid January. I wouldn't be surprised at all of we see bullish movement until then. And from a technical standpoint, it appears that we are due to revert to some of the major daily moving averages. I think we'll see the 50 and the 100 soon, and maybe even the 200. What do you think? I'm curious to know. If you appreciate the insight, let me know by leaving a thumbs up and following me. Cheers!
POLONIEX:ETHUSDLong
by Nitra_Bots
Ethereum's Constantinople Testnet FailedThe attention of the Ethereum community has been massively focused on the upcoming update called “Constantinople”. This is a huge step for the Ethereum blockchain, as the Constantinople was meant to bring a variety of upgrades, which were expected and needed. On 13 October 2018, Constantinople was put on the testnet, but failed to work. While it is unclear if it was the lack of miners on the ETH network for the Constantinople to fail, but certainly it is of great interest to miners. Why? Because this upgrade would lower the reward for the miners, and instead of getting 3 ETH, they will get only 2 ETH as a block reward. However, at the same time, Constantinople should reduce the inflation rate, which makes it more attractive for investors. While the update failed, investors didn’t seem to have any reaction as price remained within a very narrow range; between btc 0.031 support and 0.032 resistance. Both of these are the Fibonacci retracement level, and its clear how the 38.2% level is currently acting as the resistance. Although, looking at he 61.8% Fibs support, it was broken on the 11 October, and later, on the 15 October it was rejected. There is an impression that market is going through the uncertainty, as ETH/BTC price struggling to establish a clear direction during the past 3 days. Yes, it spiked up on the 15 October, reaching the btc 0.0344 high. However, the 88.6% Fibs support, 200 Moving Average and the long-term downtrend were rejected, and the 4h closing price below the btc 0.032 resistance. As the downside risk is very high, price might decline further, reaching either btc 0.0292, 0.0281, 0.0271 support. Nevertheless, for this to happen, 4h close must be below the btc 0.03 psychological support. On the upside, close above the btc 0.032 might be considered as a buy signal for short-term investors, and ETH/BTC should re-test the btc 0.034 resistance. Support: 1. 0.0310 2. 0.0300 3. 0.0292 4. 0.0281 5. 0.0271 Resistance: 1. 0.0320 2. 0.0344 3. 0.0376
by CryptalDash