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Ethereum-bitcoin

Has DOT/BTC Set Its All-Time High? As I've stated in my recent posts, I think we're inching closer to peak market euphoria for crypto. Does this mean I think the top is in? Not necessarily. But it does mean that my bias is switching to selling, rather than buying. As I dollar-cost-averaged in during the bear market, I plan to scale out soon. I think this current crypto bubble is much more similar to the dotcom boom than the previous cycle. There's much more money involved this time, and a lot on the line. There appear to be less individual people taking out bank loans to buy crypto this time around (just based purely off Reddit posts) - we're instead seeing huge marketing efforts and more authentic crypto adoption by larger players. Adoption is good in the long run. It means crypto is likely here to stay (this was always a question after the last bubble popped). Now it's not a question. But this doesn't mean valuations need to stay this high. And the looming question of regulation remains. People on social media seem to be taking their gains for granted, and speaking in absolutes as if financial freedom is guaranteed. Especially with newer hyped projects. This chart is an example of a more newly hyped project, and how its recent price action compares with a legacy crypto like LTC. Looks quite similar. If DOT/BTC cannot break the supply zone overhead near 0.001, I think it's likely to head down towards all-time lows on the ratio. This is just an example of why I do not think "this time is different." Sure, there are some differences, as noted above. When you're wrapped up in the mania it's hard to see the other side. In any case, I've heard good things about Polkadot. I might even pick some up if we see another big crypto winter. There's an argument to be made for Bitcoin having less severe drops in the future, but as we saw this summer, many alts can just drop 50% in a single day, or 80% over the span of 2 weeks. My strategy is about managing risk in the long term, and it's starting to seem a little risky up here. This is not financial advice! This is meant for speculation only. This is only my personal view. -Victor Cobra
Short
by VictorCobra
8
WARNING - Ethereum followed Bitcoin this weekThis subtle price action requires no indicators. Following the failed breakout of INDEX:BTCUSD last week BITFINEX:ETHUSDSHORTS did the same pattern. I pointed this out during my Friday livestream that all traders should watch for this weekly close. The week did NOT close to confirm the new ATH. This is a very dangerous bearish signal for crypto. Ideally, traders should have been able to retain the momentum to continue the trend. See my linked ideas below for more examples of what can happen in these situations across all instruments. The key idea to watch is what I published in February on another such All Time High test of Bitcoin...
BITFINEX:ETHUSDShort
by norok
4
ETH 4000 solid base for take off to $7000, past $4200Some solid support being tested at 4000, ETH is a little lazy at 4200 but will some sat will help it get going a bit. Bullish trendlines. ETH is getting burned by any joe wanting to be a validator (low energy) for ETH2 needs to stalk 32 ETHs. As Ethereum V2 goes from testing to mainet, ETH will become scarce in supply as more shops will want have built in ETH validation and that requires 32 ETH to get setup. Lay back, enjoy the sub $4200s Once this runs, better to be on board that on the sidelines. Don't stand to close to the launch pad as this Internet Money and distributed finance (DeFi) takes off.
BITSTAMP:ETHUSDLong
by UnknownUnicorn2413721
NuCypher Squeezing After a dramatic pump NuCypher has pulled back on price and has been moving sideways cooling off really starting to squeeze between a support of $1.08 and a resistance of $1.18. May be forming a new price floor after its pump. Most of the buying and selling after the pump as occurred at $1.44 which is a point of control (POC). NuCypher seems to be holding well "so far" above $1.00. We're still up 285% within the past 2 weeks so keep that in mind. Keep a look out on NuCypher's movement and on your radars.
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by peacefuljustin
1
Internet Computer (ICP) Has Been Consolidating Will Get to $60Internet Computer (ICP) has really been squeezing in between $42.00 - $50.00 for the past month. Not much volatility has been happening with ICP it's just been moving sideways for most of October. It has not been up to pace with most of the market this month. When coins are moving like this these are the ones I like to keep an eye on. The majority of the trading has been at around $45.50 since July which is serving as the point of control (POC) for Internet Computer. It's becoming clear that a lot of accumulation has been happening in the mid $40 level for ICP. Essentially Internet Computer is striving to become a decentralized global computer that is geared toward cryptocurrency ecosystems. It's still a relatively new project and it has very strong crypto institutional backings. Once it fully breaks past it's current resistance of $53.00 I believe we will se ICP back in the $60 levels. The a nice amount of upside from these the lower to mid $40 range and we're still mellow on the RSI. Keep ICP on your radars! Support: $42.50 Short Term Resistance: $48.55 Resistance: $53.00 Much peace, love, wealth, and health!
Long
by peacefuljustin
2
ETHEREUM ETC Bears? Anywhere? ETH2 validation costs 32 ETH...So, the charts indicates on the short term timeframes ETH, is running a little hot. There's a lot of buyer interest? Humm. Could it be because you need to buy and stalk to burn 32 ETH for every payment validator? So like Joe and Jane could setup up shop in their little community and become the payment processor for just a bit of hardware, knowledge and 32 ETH??? Wow, Any reason to be bear on this pillar of cryptocurrency? Please comment in any case. Anyone interested in getting "down and technical"? LOL My target for ETH? $10K real fast. Once the World understands Bitcoin and Ethereum will replace VISA, Mastercard and private/crooked/world banks. The worlds best Trojan against corruption and greed was unleashed in 2008 to fix the monetary war that started 50 years ago in 1971 with Nixon telling the world the US "IOU" would be paid back with weapons instead of gold. Do good. Don't trust banksters, it's "their money", you're just borrowing it. Trade it with something of some value! TOP CRYPTOS BITCOIN BTC traded on cryptoexchanges like Binance or Coinbase, HODL via cold metal wallets (don't long term hold electronically) ETHEREUM ETH The swiss army knife of cryptos, you need at least as much as BTC no? SHIB Shiba - To pick a good third crypto, you need to follow the leaders. This one is open source, open community and the hidden rocket man is having a shitload of fun with this one. Question? Can you easily be a billionaire of something in 2021 relating to crypto? Yep! Get in early on a massive burn!!! LMAO! You have to be a geek to know one! LMAO!
KRAKEN:ETHUSDLong
by UnknownUnicorn2413721
Ethereum Q4 UpdateWhat a time to be in the Crypto space! As BTC broke All-Time High, we will be seeing Ethereum breaking his anytime now. After following by an upside move at least to 4,400 that is where the next resistance is at. This move will cause the 3rd phase of the crypto upside cycle, Bringing the Altcoin space to new highs with large profits. Q4 is coming fast be ready and have a strategy in mind. If you haven't done so please take a minute to see my accessing channel and how Ethereum has been respecting it, see how the Moving averages are simply carrying Eth upward making it less overpriced to more stable prices, which is good and healthy. You can now observe Eth is trying to break the 4000 level. for the 3rd time, it is piercing. This resistance is now getting extremely weak, when it does like I said it is a trade opportunity toward the 4,400 lvl. As now BTC broke ATH we are in discovery mode. there will be resistance at 70k lvl and 4,000 lvls As I stated on Aug 9 in the analysis above. We are still in a bull run. I expect it to last until the end of the year, before hard correction. . If you want too long I would long ETH or other Alts such as ADA BNB. Please show support and stay posted for updates. I will be bringing more exciting trends and analysis ASAP Smogster...
BITFINEX:ETHUSDLong
by Smogster