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When will ETH hit 2k? What does that man to you and me?ETH (and most cryptos for that matter) have been making history in the last couple of months. Never before it had 4 months of straight sky-rocketing bull run, almost without a fault. That is very unusual for cryptos market and is causing FOMO and anxiety for many people. I can't even count how many times in the last 2 months I have seen people celebrating that they have sold everything they have at "the top" just to realize two days later that market went 10-15% up! How long will this spectacular bull run last? ETH has been massively overpriced for at least a month now. According to data, it is long overdue a massive correction or at least a few weeks of sharp decline. Markets can stay irrational longer than one can remain solvent. Unless you are a massive whale or someone like Michael Burry - you can`t fight it, the market will always win. Follow my posts, go with the flow and hopefully, everyone will be making some profit 💸 When will ETH hit 2k? It is very likely that BTC will keep going up today. If that's the case, regardless of what's happening in other markets everything will keep going up. The same for ETH, people are buying, volumes are not that bad. ETH is likely to hit 2k today! 🚀 Today's technicals : Position is long Forecasted highs at 1950 and 2k (if ETH quickly breaks the top of the channel and manages to form support above it, just wait and see that rocket taking off!) Mid-way point at ~1815 Forecasted lows unlikely to drop to 1850 and 1800 Have fun trading! 🤑 If you would like to have early access to my TA's write "Markets are irrational, but I want to know" in the comments down below 😁
BITSTAMP:ETHUSDLong
by DataMoney
2
BTC bull run continues. What does that mean to ETH?I am back! Huge thanks to everyone messaging me and supporting my posts. That means a lot. For those who are new to my posts - I post ETH technical analysis and provide my market perspective for context. It all started as fun conversations among friends and they started to make good money on top of it. They encouraged me to make posts about it and here we are. Within a month I was upvoted to top author and one of my posts was selected as Editor's Pic. That is all thanks to you - my dear readers. Back to business A lot of people are messaging me with questions: Is this the top? When will it be a good time to buyback? Let's look at the data. BTC is running the game here. Some well-respected analysts forecasted that BTC will never reach 40k - it did. Some forecasted it will be over 100k before 2021 - it didn`t. Even some institutional investors present analysts reports with wild numbers like "bitcoin price is between $0 and 600K". What does all of that mean? Although I am a data person - all of these TA's and analytics just spell the obvious - no one knows. It is all speculation. Why BTC is so high? Simple - the hype is real . A large portion of the world is in COVID-19 lockdown. Socks, commodities and cryptos are going up even when businesses are shut or even on the verge of bankruptcy. So if the value of zombie companies with little to no profit is going up - everything is going up as long as people are willing to pour money into it. In my personal opinion key words here are demand and liquidity . It is easier than ever before to get into the crypto trading and this market never sleep. Here is your recipe: a lot of hype + strong news coverage + billions of people just sitting at home having nothing to do - BTC to the moon! 🚀 Does that mean ETH gets a ticket to the moon too? In short yes. There is so much data I could talk about here, but TA's here again render useless. Reality is that BTC is pushing everything up. Market is over-hyped. Market is super-liquid. It can theoretically keep going up for a while now. It also means that there is nothing that would prevent it from dropping significantly tomorrow. Just remember December 17, 2017. BTC hit a mind-blowing $19k ATH! Everyone was overhyped and forecasting BTC to keep going up to 100k and in 5 days it lost 50% of its value. Demand and liquidity . Today's technicals: My dear followers with early access know that the morning position was long. We were expecting a spike to ~1920 and it skiped to 1928, from that point it changed. Position is short. Forecasted hights at 1920 and 1950 Mid-way point at 1800 Forecasted lows at 1800 and unlikely to hit 1740 Have fun trading! 🤑 If you would like to have early access to my TA's write "I would like to have an early access invite in the comments below"
BITSTAMP:ETHUSDShort
by DataMoney
17
Elon-mania - How long can cryptos be hyped?What an extraordinary time we live in! In less than 2 months Elon Must managed to change the crypto world. With the power of a tweet, he managed to double his crypto assets value. And he is not getting a sizable fine! If any of my dear readers remember, last time he performed a similar stunt tweeting about taking Tesla private, he received a $20m fine for market manipulation. So, anyone curious why Elon is changing the world for the better with cryptos? What's in it for him? Here is an interesting thought experiment proposed from a couple of my followers from California, USA. Follow the money. We sat down in a social distant manner in web meeting and ran some numbers. Tesla purchased $1.5b worth of BTC in January. There was not a single purchase order of that size. Actually, nowhere near it. Therefore it must have been a slow constant acquisition not to spike volumes or get whales suspicious. We traced steady volumes Dec-Jan and it is very likely that Tesla was slowly purchasing BTC around 24-26k mark. That would have bought Tesla about 60k BTC. We highly doubt that Elon would even mention BTC while Tesla was purchasing not to spike the price. That means that purchase was complete by the time Elon added his famous #Bitcoin. Check the dates and run the numbers 😉 So what's in it for Elon? 60k BTC as of this morning was worth in a ballpark of $2.9b, basically doubling the asset value for Tesla (Elon). Well played, just surprised he is not getting $1.5b fine for this 😂 How about ETH? It is difficult to say today's market's reaction, however, all assets are widely overpriced. That should spell a retrace. Today's technicals: Position is short. Forecasted highs are at 1900 unclear of any limits. There seems to be a resistance forming at 1815. Mid-way point now moving to 1680. Forecasted lows at 1630 and unlikely to drop below 1600. Don't forget that technical data renders useless against people irrational behaviour. Stay vigilant and change to Long in case market shifts direction. Have fun trading! 🤑
BITSTAMP:ETHUSDShort
by DataMoney
60
ETH Futures - Will the price go up or down?This Monday morning is soo exciting! ETH has thrown quite a few jabs last Sunday driving volatility and kicking traders out of their beds 😄 Looking at the market data one could find ways to explain the dip and bounce back would be perfectly reasonable. Except for ETH futures announcement. Here it gets more complicated. You would think that positive publicity would rise ETH price, however, historically cryptos did really poorly before and right after futures released. Therefore we have an overbought overpriced market, that should dip. Lots of publicity that should drive the price up and ETH CME futures that should drive the price down. So, which is it? Up or down? In situations like these technical data has been proven again and again useless. A major driver will be people irrational behaviour and, don`t forget, whales will never miss an opportunity to double their millions! Here are today's technicals: Position should be short (I doubt it will be). Forecasted highs at 1700, mid-way point at 1645, support forming at 1580 and forecasted lows at 1540... Regardless of the technicals - it is really unlikely that price will drop under 1600 and there is A MASSIVE gap between 1600 and 1540! Irrationality + confusing data - I call it a price rise! 🤑 Let's see if we can make today's targets and a nice little profit for everyone reading this 💰
BITSTAMP:ETHUSDLong
by DataMoney
4
ETH - Up or Down? Will BTC dictate all crypto prices?Yesterday we had jet another unusual turn - ETH did not drop. For the last few days ETH has been rising faster than BTC, however, last night ETH slowed down and BTC picked up again tipping the scales. Forecasted ETH/BTC rise stopped at 0.046 (short of 0.05) and now dropping. This suggests that all crypto markets will rise at least until BTC reach 40-41k (possibly going for new ATH). Stay alert for today, as steep rises and drops are not out of questions. The market is testing for the peak and as soon as whales sense that it is a peak everyone should be for a watch of a steep drop. At what price this new peak will be uncovered - no one knows! Today's technicals: Forecasted highs are at 1770 and 1800. Forecasted lows are at 1650 and mid-way point fast-rising to 1580. Have fun trading!
BITSTAMP:ETHUSDLong
by DataMoney
1
Why is ETH so high? Why is volatility so low?I have to start with thanking my followers. Everyone who like, comment and share my posts. I have received A TON of messages thanking me for insights and sharing what profit everyone reading my ideas make. This is really flattering, thank you! 🙏 ETH is at ATH and where usually ATH is just a short spike, the last few days ATH is quite stable. What is going on with the market? There are more theories than I have space to write here, but really - nobody knows... It was great to see some volatility yesterday, however, $100-150 daily volatility at 1000 price point is amazing (10-15%), $80-100 volatility at a price point nearly 1700 - not so much (<6%). My personal opinion - its BOTS. It is likely that they are programmed to squeeze anything outside $100 volatility gap which normalizes the market and eats up your profit. If anyone understands how trading bots are programmed and have a good solution to work around this problem - drop me a private message 📧 Today's technicals: Position is short, forecasted highs are at 1690 and unlikely at 1720. The lows are at 1560 and 1530 with mid-way point moving to 1510-1520 range. Have fun trading!
BITSTAMP:ETHUSDShort
by DataMoney
4
What to do when you are late to the party? ETH volatility!Phew! What a morning! Just look at those numbers! Volatility! 🤑 Now we all are super hyped with recent ETH success to break ATH God knows how many times in the last 48hrs. That is fantastic! However, if it all stopped there and the price would be stable - we would not be here! Daily traders need volatility. What's so special about volatility I hear you saying? Surely it should be obvious that we all want to buy low and sell high. So if it is always high... You get the gist. Here are today's technicals: Position is short. Forecasted highs at 1690 and unlikely to reach 1730. Today's bottomless lows depend on whale activity. Early morning resistance shows at 1567, mid-way point at 1470. Let's rock this boat!
BITSTAMP:ETHUSDShort
by DataMoney
1
Historic ETH success! What's next?Yesterday we experienced history as ETH hit an all-time high! It was not a clean slate cut - before ETH could even breach 1500 mark, it was heavily shorted and had to go up and down around 9 or 10 times before it hit 1502. Once resistance was broken, ETH took off! Across multiple platforms, you could see ETH frenzy. Many were celebrating and many were crying. We are also seeing a new pattern in the crypto market. Instead of reaching ATH and going down with a large dump, ETH wabbled a little and then the short squeeze kicked in. Gut feeling says that someone just accidentally stumbled into "holy sh*t have you seen shorts books* and instead of dumping, pumped ETH a little more! So what does that mean for today? Will it go up? Will it go down? Sideways all around? Track whales and you will find your answer! Today's technicals: Position should be Long (Eye of the storm, be vigilant Short and Long as per your better judgement). Forecasted hights 1600 with no hard ceiling. Forecasted lows 1520 with potential to implode if you all of the sudden start seeing large red candles! Have fun and keep that volatility rising! 💸💸💸
BITSTAMP:ETHUSD
by DataMoney
Trade Like a Pirate: Ye needs the aRRR!!!!One of the amazing things about trading the financial markets is that it is the only industry where we “common folk” have the potential to EXPONENTIALLY grow our income day after day, week after week, year after year. All our lives, from opening up our first lemonade stand to landing our first job, we are taught to make LINEAR income: to exchange TIME for MONEY. We are told that we must work “X” amount of hours per day, and you can earn “Y” amount of money. If you want more money, you simply have to work longer and harder: work overtime, work a second job, or start a "side hustle", and though it is true you can increase your earning power through multiple income streams or by climbing the corporate ladder, you are always going to be limited to the amount of money you can make because there are only so many hours in a day that you can work. As Al Pacino said in Scarface, "Say hello to my little friend…” May I introduce to you, “R”, which stands for “Return”. There are two powerful paradigms that you, Dear Trader, have access to in our glorious financial markets, and our primary goal needs to be that we MAXIMIZE all we can from them. Paradigm Number One is a popular reason that we enter the fray: Instead of "working for our money” we trade so that we can "make our money work for us." Instead of clocking into a job where are are assigned duties where we will earn our daily bread, we take our “bread" and we assign it to a company, a commodity, or a currency in the stock, options, futures, and forex markets. We aim to hit “X” dollars per day or “Y” PIPs per day and call ourselves successful traders. Paradigm Number Two is where the magic is, and is the topic of this article: let's “kick it up a notch” as Emeril likes to say. Instead of trying to earn "so many dollars per day," let us instead set our sights on achieving a certain “R” per day. “R" is a measure of *return* based upon the amount of ‘risk’ we are willing to take on any trade. A good rule of thumb is that with any trade, you should never risk more than 1% of your account equity and you should never get into a trade without at *least* a 3-to-1 expectation of Reward if you are correct. This is known as the "reward-to-risk ratio”, or “R”. The working principle behind this is that we want to keep our risk *small* (i.e. you won’t blow up your account with a bad trade) and our reward *large*, where your winning trades will give you a minimum of three times what you are risking. In this scenario of 3:1 you don’t have to be the best of traders to be a profitable trader. Say you do 3 trades per day and you were a mediocre trader, where you are only batting one out of three. You can only have a 33% hit rate, only winning one of every 3 trades, and if that were the case you would win 3%, lose 1%, and lose 1%, netting 1 “R" for the day. (3-1-1 = 1) "1R? What good is that?" you might ask? Well here’s where we start talking about the *miracle* of compounding. On Day 1 with a $10,000 account you would look at risking $100 per trade to win $300. If you lost 2 and won 1, your account now has a value of $10,100. So on day 2 you aren’t risking $100, but $101. Every day you place 3 trades and win at least 1, your account grows not linearly, but *exponentially*. Each week you are making more and more money EVEN THOUGH YOU ARE DOING THE SAME AMOUNT OF WORK. By week 34 you are risking $500 to make $1,500. At the end of the year, (theoretically of course) that $10,000 could be worth over $120,000 - Your account has now grown in an order of *magnitude* from where you started. And all you are doing is placing 3 trades per day. Day in. Day out. Do it again for year 2 and see what you come up with! Every day you are doing the same amount of work, but every day you are generating an increasing amount of cashflow as the 1% you are risking grows each and every day. What does it take to get these kind of results? First, it takes a system of trading that you can follow that can give you at least a 1-in-3 success rate. Second, (and this is the hard part...) it’s all about YOU. Every day you don’t trade is anther day your net worth doesn’t grow… another day you will have to WAIT to achieve your dreams, whatever reason it was that you decided to become a trader. But once you start realizing the power of R you will NEVER want to trade time for money again: you will want to increase your net worth by 1R, 2R, 5R per day until you reach that Magic Number you need to say “I’m done… I’ve got all the money I need to live as long as I need to enjoy the lifestyle I desire.” TradingView makes it super-simple to put this philosophy into practice. Using the Long & Short Position tool, you can map out your trade, right-click the tool, select “Create Limit Order” and then change the “% Risk” field to 1%, 0.25%, or whatever your trading plan requires. (My personal “R” is one quarter of one percent, .025). For stock trading, the tool then automatically fills in the number of shares that will satisfy your risk percentage. For futures, it automatically calculates the number of contracts, and for Forex (most brilliantly!) it will automagically perform the necessary currency conversion and calculate the number of Units you can trade. THIS FEATURE ALONE is why I became a Premium subscriber to TradingView to trade through my Forex and Futures brokers - no more position sizer spreadsheets! If you are not using the Long and Short position tool to place your orders you are missing out on a great resource. I will leave a link to a TradingView blog post on how to use it below. A great exercise to get you excited about trading like a pirate is to create your own trading spreadsheet and calculate like a Pirate: Calculate your “aRRRRRRR” in multiple scenarios. There are 250 trading days per year give or take. What if you grew by 1R per day and you traded every day? What if you grew by 3R per day but you only traded 2 days per week? What if you were an options trader and you only traded on Mondays but you gained 7R per week? What if you threw in a home-run 20R trade every 3 weeks? (Yes, they do happen!) What’s your end retirement goal? $2 million? $7 million? When can you calculate that you will get there? By estimating your exponential growth you will be able to estimate the you will reach your life target. Although these scenarios are idealized (we’re not *always* going to have a “Green Candle Day”) we need to have a PLAN for our trading activity. Having a *plan* and matching that with a *vision* will give you a *passion* to DO what you need to do so you will GET what you want to get. As Louis Carrol said, “If you don’t know where you are going, any road will get you there.” And as Norman Vincent Peale said, "Shoot for the moon. Even if you miss, you'll land among the stars.” Make you plan, and work your plan. And having an exciting Vision will help you wake up early, stay up late, and stay on track. I hope this lesson helps you bring out your inner pirate… I’ll see you on the high seas of the financial markets! Trade Hard, and trade well… Till next time… -Anthony www.tradingview.com
Education
by ocaptain
54
bubble in chainlink going to disappear on this chart, we face to several signal that encourage us for continuing down trend. A & B is two top that had touched line trend. In the second touch (B) we found out chart can't make higher high. On the Ichimoko, we face two patterns of line and Komo with 26 period. this is important reverse signal. 9, 18, 26 is important numbers for the patterns in this indicator. we have to notice supports (1 & 2). I think chart will touch support 1 for several times but on the base of RSI, charts need to break downs to disappear bubble. Notice: we have to focus in the valid breakdown for support 1. this chart had made huge bubble which need to destroy. long side charts can change psychological bubble.
BINANCE:LINKUSDShort
by amin.izadi4
AUDUSD – buyers have open positionAUDUSD – buyers have open position Trend: Strong Buy Support/Resistance: R4: 0.70222 R3: 0.69921 R2: 0.69492 R1: 0.69172 S1: 0.68977 S2: 0.68695 Price action: Buyers continued price very confident to the price level at 0.69126, where last daily candle closed. Buyers might relaxed for a while and give a chance to sellers to their first support. Overall market price is now at very good buyers position, which is more ment to buy Australian dollar then sell it. Potencial trade idea: Bulls targets: T1: 0.69492 T2: 0.69921 T3: 0.70222 Bears targets: 0.68695 NOTE – We are trading AUDUSD via the preferred trading setups by EliteFxAcademy
Education
by EliteFxAcademy
EURCHF – this pair is at risky level, where we have to wait for EURCHF – this pair is at risky level, where we have to wait for sell if we get sign Trend: Sell/neutral Support/Resistance: R1: 1.10259 S1: 1.09775 S2: 1.08999 S3: 1.08375 Price action: Buyers were keep going to break resistance level at ,but sellers showed first push few days ago very strong. If they will push again, then we know the answer, but if the buyers keep going and hold above first resistance level, then buyers will have open position. Potencial trade idea: Bears targets: T1: 1.08999 T2: 1.08375 NOTE – We are trading EURCHF via the preferred trading setups by EliteFxAcademy
Education
by EliteFxAcademy