ETH pullback before new ATH?Good morning traders,
Todays Crypto forecast is for ETH.
Currently we are in a STRONG move up, this momentum will be sucking in new traders and new money each day.
What does this mean? Looking at the current PA we can see a pullback is due and we are right in the target zone of a daily range which has yet to be mitigated.
Currently I am expecting a pullback to the marks range before targeting the highs. Overall the momentum is certainly bullish but in the short term I expect a pullback, BTD because this could be the last chance for SUB 10k ETH...
As always trade safe EnvisionEJ
Timeframe
An idea of when BTC will peak, Spring 2022This idea is based on the presumption that Bitcoin is currently in a repeating 2 peak cycle, with a 1 peak cycle following it. In 2013, we had the first example of this, followed by 2017.
Now, we may have the same pattern happening.
However, I have noticed the time factor has started taking around 1.68x longer.
You can look at the on chain metrics like Puell Multiple, or HODL Waves, and notice the pattern is stretching out as time goes on.
It seems to be pretty accurate around 1.68x.
So with that in mind, I believe instead of the 7 month stretch we saw in 2013, we will see a 11-12 month stretch before peak 2 in 2021. 7 months x 1.68 = 11.76.
This is already visible in the red candles.
We had 6 green monthly candles up to peak 1, just like peak 1 in 2013. But instead of 2 monthly red candles.. We had 3. 2 x 1.68.. is 3
We are currently on green candle 2, so I would assume another one, if we follow a similar pattern.
Long story short, this ends the 4 year cycle respectively, which started out as a 1 year cycle I believe, and wsa able to hide itself in 4 year multiples for long enough. IF I am right, BTC wont peak until February to early March.
Just a thought.
🌐 How not to be stuck in your position?🌐 How not to be stuck in your position?
SIGNAL + TIMING = SUCCESS
You asked me how not to be stuck in one long-term, seemingly losing position and how not to miss opportunities.
You have to consider at least two dimensions of timing: zone and scale.
What is a zone? - The time-zone of my signals is UTC, and so, you have to translate.
What is the scale? - The scale of my signals varies from 1-minute to 3-month, and thus, you have the following kinds of positions.
Top traders have at least three kinds of positions: base, intra-day, and long-term.
What is your base position? - It is the base currency within which you feel most comfortable holding most of your capital, and it is usually USDT or BTC.
What are the guidelines for intra-day and long-term positions?
- Professionals often put up to 5% of their base per intra-day position, and they rarely use more than 25% overall of their base at one moment.
- When you make a profit on an intra-day position, you put a part of it (for example, 50% of the profit) into your long-term trade, and you return the rest to the base.
- This way, you manage your risks, and both your intra-day positions and long-term position will grow.
+1 So, why can't an automated system simply do it for you?
You have got your accounts, your assets, and your responsibility.
Exchanges do not allow a bot to read how much capital you have in total, nor how your investment breaks down to different assets and accounts.
Only you have got this information, and only you hold the right to manage your account.
Will EPRTs steady climb break all time highs from last year?EPRT has been on a steady rise since the crash of March 2020 and now it's challenging the all time highs from February 2020.
Fundamentally:
* EPRT's expected to deliver a year-over-year increase in earnings
* This may cause the price to go higher and make new all time highs
Technically:
* EPRT's approaching it's all time highs and is expected to break above due to its earnings coming up.
* Not much volume but it's relatively stable volume coming in
Trade idea:
* Now would be a good time to get in if you want to be early
* There's not much volume so we may see a small rejection from the resistance point
* For a conservative approach look for a daily break above $29.34 before jumping in.
* A rejection from $29.34 may send it to retest the support of $28.70 so look for buying opportunities there as well.
JBL approaching resistance that dates back more than a decade!JBL, an electronic components company, is approaching resistance that dates back to more than a decade!
This is huge! When multi year resistances break you can be sure that the stock is going to shoot to the moon.
Looking at the price action on the weekly or even daily, it seems like this may approach or even break above $59.88 in the coming week.
Trade idea:
* Look for a weekly break and close above $59.88. Getting in before that may be a bit more risky since this may act as a strong selling point.
Bitcoin: Multiple time frame analysisWhat is your favorite time frame? When you finally decide on your preferred time frame, that’s when the fun begins!
SHORT-TERM (SWING)
PERSPECTIVE: "Earning assets with trades. Looking to sell near the top to buy near the bottom.".
Short-term traders use hourly time frames and hold trades for several hours to a week.
ADVANTAGE: More opportunities for trades. Less chance of losing months.
DIFFICULT: HARD - The smaller the time frame, the greater the difficulty. Study the market daily and be prepared for the worst.
MEDIUM-TERM
Mix of shorts and longs. It's my favorite.
LONG-TERM
Trades usually from a few weeks to many months, sometimes years.
PERSPECTIVE: "Buy and to forget and when it falls, buy more."
ADVANTAGE: Don’t have to watch the markets intraday.Fewer transactions mean fewer times to pay the spread. More time to think through each trade.
DIFFICULT: EASY - With cash in reserve to take advantage of opportunities, it's easy.
STOR making higher moves to challenge all-time-highs!STOR has been on a rampage since the March 2020 crash. It has been breaking one pivot point after another.
The 2016 highs ($31.44) were broken and served as support in 2019 and support again in Feb 2020. The price broke above again in November 2020 and $31.44 has served as support since.
Now the price is challenging $36.40 which served as support for 5 months before the 2020 crash.
The price did break above $36.40 and if the price makes a weekly close above $36.40 we may be looking at a run at the all-time-highs of $40.78.
A run at the all-time-highs wont happen over night. It may take weeks or even months to get there but until then we'll ride the wave.
Trade idea:
* Wait for a weekly or monthly close above 36.40 as a confirmation.
OR
* Wait for the break but also wait for a retest as a show of confirmation that the price wants to go higher
ETH/USDTBINANCE:ETHUSDT
The price is going to break the ceiling and resist
It is weaker than before and the possibility of failure is high
Go to the lower time frame after breaking the triangle ceiling
And by identifying the candle and finding confirmation of the entry decision
If the triangle is broken from the floor, it will fall slightly
Can take the Fibonacci level 1.414 and if the Fibonacci level
If broken, the fall will be heavy
Taproot upgrade: 1st major upgrade in 4 years for BTC| what now?Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
Quick glance: In our last tutorial, we discussed the use of MACD in different time frames in crypto-trading. In this tutorial, we will discuss the Taproot upgrade: the first major upgrade for BTC in 4 years!
Let us delve deeper into the Taproot upgrade and why it was so badly needed!
The Taproot upgrade for BTC would allow smart contracts to be run efficiently and cheaply! As of now, smart contracts are usually run on the Ethereum network because of the higher efficiency. However, with the Taproot upgrade, Bitcoin has the potential to elevate itself and integrate with mainstream finance.
Taproot upgrade for Bitcoin would allow smart contracts to take up lesser space on the network. Technologically speaking the Bitcoin network currently uses the 'Elliptic Curve Digital Signature algorithm.,' which occupies more space. It will be switched over to the 'Schnorr signatures' that will make the simpler transactions potentially indistinguishable from complex transactions. It translates into greater anonymity in the network while maintaining transparency.
Apart from the efficiency aspect, the ability to run smart contracts cheaper is what will be revolutionary. Currently, running smart contracts on Bitcoin's core protocol layer is not exactly feasible. It is quite expensive and time-consuming, thereby rendering it almost useless. Many experts suggest that smart contracts would be one of the key selling points for Taproot. To put things into perspective, smart contracts can be used for almost any trivial financial transaction such as paying utility bills to pay rent, among others.
The impact on the investors would likely be huge. Any long-term investor knows that the true potential of their asset would come from practical use cases that are adopted by the masses. Bitcoin's taproot upgrade might just be the key element that would propel it into mainstream finance. The bottom line is the kind of revolution that the Taproot upgrade might bring for Bitcoin is phenomenal.
NVDA Update, Able to reach to next resistance zone at 717-748?NVDA is doing great continuously making higher highs and higher lows in H1 time frame.
It seems NVDA has defeated first proposed resistance zone and now is going to attack next one at 717-748 which is a broad one.
Stochastic indicator in Monthly, Weekly and daily time frame is in overbought zone which suggests that going long is too risky now.
For those who has NVDA shares my recommendation is to adjust their stop loss continuously and carefully.
Good Luck everyone.
Cosmos Building up Steam???Here's my thoughts on Cosmos. I've noticed cosmos likes to consolidate for about 113days before it tends to break out even the previous move had a 114day consolidation before it started to breakout. After the breakout cosmos build up more for 20-30days then takes off. I've also noticed during the consolidation price dips below the 20MA about 5times before break also. The pattern forming now looks very similar to the previous consolidation area. I'm thinking June 9TH could possibly be the end of sideways action before we start to see cosmos continue to move up.? Anyone else following cosmos.
(NOT FINANCIAL ADVISE)
XRPUSD - two outcomesThis is my analysis for XRPUSD. I am a novice trader and I am open to advice.
Green - 4H timeframe
Red - trigger areas
These two outcomes are my answer for these market positions. The symmetrical triangle will be either break from bulls or bears so and if any of these outcomes happened I will buy a new XRP or sell my XRP.
What do you guys think? Thank you for commenting.
Bitcoin vs Gold / Gold's Last Dance / Spot the DifferencesBesides time, that is x10 faster on Bitcoin due to technological advancements, better global access to markets and information i see no other major differences. Our future self 30 years from now when we will be around 60-90 will sound to our kids and grandkids as our grandparents and parents right now, BTC is the safe haven!!!
Matter of fact BTC has a bright future ahead but imo the insane bitcoin rush is now gone, it will slowly and gradually replace gold (as global reserve) but first gold has one last dance.