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ETH TO BREAK THE $2K MARK BEFORE RETRACEMENT!Good day my fellow crypto traders, HODlers, speculators and critics! Before I get into the technical side of things I would like to mention to those who are not aware of the ZKSync release which is a huge milestone in the ZK-rollup space. In laymen's terms ZKSync is an update that offers low gas and fast transactions, without compromising on security. The ZKSync era is also here to make the Ethereum network more decentralized, through making it possible for retail traders to operate nodes on the network as the GPU requirements have dropped dramatically to 8GB. This will help prevent large institutions running nodes to centralize the the network and instead give everyone the ability to run their nodes with less processing power. Now that, that is out the way here is my explanation for my prediction on the market structure of ETH in both the short and long term. Short term bullish flag formation (yellow): We are currently channeling a bullish flag fomration within a bearish flag formation. To focus on the bullish flag formation, the price prediction before a retracement is due, is roughly $2400, however, this will not happen over night per say as we have a few levels of resistance we have to cross before this is possible, first one being the $2k and roughly $2.1 marks. Elliot wave indicator 1-5: In order to be more confident in the potential retracement out of the bearish flag formation to the predicted levels of $1.4k, the Elliot wave formation must be completed which would mean the price reaching $2.4k, or the price would bounce off the $2.1k mark resulting in a double top before the price begins to move down in the days/weeks to come. These low prices will most probably only be found nearing the end of the year, into early 2024, before the bull market begins in full swing. Bearish flag formation (white): This price prediction in the longer term is highly possible due to the fact that a constant higher high and full swing bull market structure is a bit premature at this time, regardless of the narrative being shifted into a bullish point of view. It would not be healthy if the market continues rapidly to the up side and would most definitely result in an over inflated price, which in return would result in a major retracement offsetting the strengthening of much needed support and resistance levels for future price action. Please be aware that this article in no shape or form is direct financial or trading advice and should only be used as a metric to add extra confluence to your already existing analysis and do-diligence on this specific topic. Be safe out there and trade responsibly, even if the market is looking unstoppable, ESPECIALLY if the market is looking unstoppable, this generally is a sign that the market is far from it. Thank you for reading to this point! feel free to like and follow for more daily articles like this. Comment your opinion on this topic, whether you agree or not, every opinion strengthens the case for or against certain changes made to my perspective.
COINBASE:ETHUSDShort
by Crisp_Flow
ETH Denver ; World’s Largest Hackathon TomorrowThis year at ETHDenver, the world’s largest Ethereum hackathon to ever be held, will begin its “buidl” week tomorrow! During this time developers who chose to come early and get a shot at using brand new technologies which will be unveiled and highlighted during the subsequent “core” week. During the “core” week is when the most investors and head-honchos will be there to behold these new inventions and fund the creative teams behind them which will overall improve their own existing brand. There will be many new technologies unveiled and a few key networks will be underlying and helping run the event including zkSync technology from both Ethereum & Polygon. Testnets are already poised for use and may help point some of you more savvy crypto traders discover what tokens to watch after this launch. Mumbai test net and the zkSync ERA technology will also be used for in-event purchases which will NOT be cheap. Meaning; the activity of both networks will be consistently active and assuredly being watched by those trying to sway the event and boost the new technologies unveiled so I do not foresee them letting an opportunity to “pump during the con” due to legitimately brilliant and useful new features that are sure to be the kicker when it comes to major companies like VISA choosing what protocol to run their blockchain on. What we have needed to produce a full fledged, autonomous market is literally coming out in the next 12 days. Transaction speed/throughput will see dramatic raise along with ease of use which has been a major problem since day one. Disclaimer; I know nothing, I am nobody, this is all my opinion and should never ever be considered real or some sort of instructional manual. Do with this info as you will. As for me? I shall be waiting for the pump (along with major buy/sell action to fill in gaps automatically as we jump) and heading to Denver for the convention on the 3rd! See you there, Bufficorns! #bufficorn #ethdenver #eth #ethereum #matic #polygon #zk #zksync #era #denver #tech #investors www.westword.com ETH/USDT ; MATIC/USDT ;
Long
by aspengrey
ETH/MATIC/ERA/MUMBAI ETHDENVERThis year at ETHDenver, the world’s largest Ethereum hackathon to ever be held, will begin its “buidl” week tomorrow! During this time developers who chose to come early and get a shot at using brand new technologies which will be unveiled and highlighted during the subsequent “core” week. During the “core” week is when the most investors and head-honchos will be there to behold these new inventions and fund the creative teams behind them which will overall improve their own existing brand. There will be many new technologies unveiled and a few key networks will be underlying and helping run the event including zkSync technology from both Ethereum & Polygon. Testnets are already poised for use and may help point some of you more savvy crypto traders discover what tokens to watch after this launch. Mumbai test net and the zkSync ERA technology will also be used for in-event purchases which will NOT be cheap. Meaning; the activity of both networks will be consistently active and assuredly being watched by those trying to sway the event and boost the new technologies unveiled so I do not foresee them letting an opportunity to “pump during the con” due to legitimately brilliant and useful new features that are sure to be the kicker when it comes to major companies like VISA choosing what protocol to run their blockchain on. What we have needed to produce a full fledged, autonomous market is literally coming out in the next 12 days. Transaction speed/throughput will see dramatic raise along with ease of use which has been a major problem since day one. Disclaimer; I know nothing, I am nobody, this is all my opinion and should never ever be considered real or some sort of instructional manual. Do with this info as you will. As for me? I shall be waiting for the pump (along with major buy/sell action to fill in gaps automatically as we jump) and heading to Denver for the convention on the 3rd! See you there, Bufficorns! #bufficorn #ethdenver #eth #ethereum #matic #polygon #zk #zksync #era #denver #tech #investors www.westword.com ETH/USDT ; MATIC/USDT ;
Long
by aspengrey
A new paradigm: choose your countrySee these economic freedom rankings? Richest countries are the free-est ones with Oil adding noise to the correlation a bit. 2021 update: The USA, which were rank 4 of economic freedom 25 years ago sank to position 21, and by the looks of it, it is not about to get any better :) Daesh and ISIS continue to piss themselves with joy and each time the USA basically get a new leg down they say it is god wrath, at that point they might even be right. The United States collapse will be biblical! Even christians have this saying: "Woe to those who decree unrighteous decrees, Who write misfortune, Which they have prescribed To rob the needy of justice, And to take what is right from the poor of My people, That widows may be their prey, And that they may rob the fatherless. Isaiah 10:1-2" As I said, biblical. There are more factors than economic freedom (which are almost all bad with the USA they just have a monopoly on big tech with China and Russia not managing to compete outside of their borders AND they USA also has the reserve currency pyramid scheme of course which once again only Russia and China are fighting - Ghaddafi tried and bad things happened). Libertarianism originated in the left, and bounces between the 2 sides, right now in the USA they are associated to the right, and in some other countries the left. This childish left/right thing, where does it even come from? 230 years ago in france républicains sat on the left wing of the assembly, loyalists sat on the right, and montagnards up high but no one cares about them. The left was supposed to be populist, now it's the right. The right was pro monarch and then big business now they are populist, but with low taxes. We don't really know who's who. Freedom to riot is also bad for business. Riots in the USA and the right to loot were ignored because irrational exhuberance (although some companies such as Target said they were leaving California so it will have an impact at some point and dumbvestors will be left holding the bag of a ponzi scheme). In South Africa riots are so not ignored. MS already is bearish and predicts economic contraction (3.5% they said, a few days ago). Plenty of large to small businesses are either leaving or got destroyed (and don't plan or rebuilding). Economic freedom is basically a filter, like MACD, except it's not idiotic like MACD. Under a certain economic freedom investing is a no-no. Low economic freedom have high risk, low reward, low winrate. Just bad. You don't even get something for the risk you take. I think about half Americans want to secede or something. RT (obviously) has relayed that 66% of southern republicans want out. And on the west coast 47% of democrats want to get out. Depending on who wins federal elections southern democrats would want out. A very interesting number is in the south 50% of independants want to get out of the Union. Give it a bit more time, a bit more downtrend, and these numbers will go up. I'm not sure how it works I think they don't even have the right to a referendum (Scotland does). Texas might have that right, and I'll guess they'd be super high in freedom. Other southern states might be lower in freedom, all conservative and everything. Also since the USA are sucking in millions and millions of migrants from central and south america to stay in power (democracy makes sense) the central/south american countries will only have the die hard nationalists left. At least the USA are no longer sucking in all the qualified people so other american countries actually get a shot at growth, when all their engineers were being stolen they end up being a very high Gini country with very few "elites" and a huge population of well useless eaters or near-useless eaters to put it bluntly. There's always going to be divides. At least with this people get to choose. Of course the parasites will always want to leech off of the rich productive countries so it will be necessary to pick a free country but with intelligent border control. The United States had this a while ago and it worked out for them. Parasitic country leeching all the qualified people of the world and throwing a bit of foreign aid like it makes up for it. On the flip side damn France was literally paying KGB Soviet Spies to come study in the 80s. That's just... With right wingers going to certain places and leftists other ones countries will be each on their side, but that does not mean a single party, they'll be left and right but within the country ideals/traditions. Democracy still, with everyone agreeing on the basics. Right now I am not sure the United States can have a republican government ever again, too many migrants that vote democrat got in. Within democrats there are the "original" ones (Joe Manchin, Biden...) and the socialists (Bernie and the squad), they agree on the basics more or less. Republicans are home to republicans and libertarians, and they agree on the basics. The current United States are more divided than they've ever been as far as I can tell. So as I said, countries will stick to their fundamentals and attract (or select) migrants with similar beliefs but it can continue to be democracies, actually democracy can enforce a system as I explained. And you get to look like the good guy. North East USA vote for socialists or democrats, Texas votes for libertarians or republicans, Southern states vote for republicans or I don't know the christian shariah law I guess? (strict clothing rules, abortion totally outlawed, etc). The west coast will choose between ultra-progressives and radical marxists (they might be financial/corporate/economic consequences). What's left is the middle of the USA. I don't know. They just break into bits each joining one of the new countries. Like Crimea was gifted to Ukraine right? The progressive states will allow abortion up to 1 month after birth and the conservative ones will outlaw the morning-after pill. In other words there is a risk that some states become too extreme, with little opposition. It's a good thing that divided people aren't forced to live together (2 wolves and 1 sheep voting on who to eat), but it's not "happy ever after". Also maybe there will be racial laws but I won't get into that. Maybe the world goes back to a more tribal system. There is a new period with a new world order every 75 years, and a new era every 2-3 centuries I believe. It is time. I am euphoric about it. We can do this the easy way, or the hard way. A handful of greedy politicians want to do this the hard way of course they do. France parlementaries are getting death threats, and résistants have started destroying buildings. Idk maybe this scares the politicians? South Africa transition will be violent. United States are a little violent but it's nothing crazy. I can't predict how it will evolve. It can all happen in parliaments, very civil (if officials don't always flee states to dodge voting, the "filibuster" stuff), there can be referendums and that's it, no need to kill each other. Some might do everything to avoid certain things happening and force violent events, unless the population is smart enough to avoid divide to conquer who am I kidding of course they are not smart enough. Well we will see. It's like chess there are x possibilities next turn, then x² - all the checkmates all the dead pieces, then (x² - all the checkmates all the dead pieces)*(x - checkmates etc). Chess grandmasters do not know what the other guy will play, but they know what he might play AND all the next 5 to 10 turns possibilities. And some times every single possibility leads to checkmate but there is no way of knowing what the other guy will play until then (unless you know the guy or it is a time where everyone plays the same troll moves when they know they have lost). I know what the trend is and the possibilities. I know Oregon won't go full religious conservative for example. For that to happen first many other things have to happen in which case it will unlock the possibility and I'll be aware of it. I do not already know exactly what will happen everywhere, depends on the variables. I know who'll probably be progressive, economically free, etc. I already know who'll I'll bet on and who I'll short sell.
by MrRenev
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