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Bitcoin's 2nd peak prediction - earlier than we think!Greetings everyone! In my previous prediction that I published in Feb, I did a long term view of BTC, trying to spot the tops and bottoms. I predicted that we'll see two tops, the first one being on the week of April 26th, followed by a correction of 50% with the lowest point being on the week of 21st June. I overestimated how high the price would go to, but I got the dates exactly right to the week. This helped me to sell some of my crypto at the top and buy back at the bottom. In the same idea, I predicted that the next top would be on the week of 30th August. I am revising my prediction on the second top to the week of 27th September +- 1 week , after I spotted a mistake in my previous calculation. Based on the top of the logarithmic regression band, it would indicate a price of about 130k by then, though predicting the top and bottom price is way more difficult than predicting the dates, and I will probably get this wrong again. How I came to this date is by comparing it to the previous market cycles. I predicted that this cycle is a combination of 2014 and 2017. It's like 2014 in the sense of there's a double peak, and 2017 in the sense of the timing and duration. If we compare the time frame so far to 2017, June 2021 was like Sep 2017, July 2021 was like Oct 2017, and August so far has been like Nov 2017. I expect September to be like Dec 2017. I still remember the emotions of those months as it was my first ride on the crypto rollercoaster back in 2017, and the emotions and the returns have been exactly the same. Most people are expecting the second phase of the bull run to last 6 months. I'm here to tell you to be prepared for it to be about a month and a half. Watch for prices to go parabolic in Sep 2021. If it does, I'm probably right, and I would be taking lots of profit expecting the bubble to pop. However if the price goes sideways or down in September, this idea is invalidated and I would be wrong, and we may be seeing a longer second phase to this bull market. This is for educational purposes only and do your own research and due diligence and manage your risk! Peace!
BITSTAMP:BTCUSDLong
by godhelpme_
Ethereum ETH 2022 bullmarket prediction Essentially, I just assumed the days of bull and bear rally between each halving will be the same. Counting from halving, 546 days of bull rally. That Nov 8, 21, I personally think its alittle short as bitcoin increase in days of bull rally after each halving. And we are extremely bullish this year. I personally think we will top out at Janunary like the last bull market, and maybe a month after btc like the last bull market. On this weekly chart, rsi bounced off 50.00 just like the previous bullmarket before the last fomo after Q2. So we could see something similar. we did get a buy signal, as it seems like after each buy signal we never seen the price again
BITSTAMP:ETHUSD
by bryanchen777
Indicator introduction: Custom Volume - Periodic Peaks & TroughsThis script is a custom volume indicator with additional features. But why is this useful? The minimum and maximum volumes, in different time periods, are displayed by labels below the bars. I call them "Peaks" and "Troughs"(Hover your mouse cursor over the labels to see more details) These parameters are widely used in technical analysis . If traders want to confirm a reversal on a level of support–or floor–they look for high buying volume . Conversely, if traders are looking to confirm a break in the level of support, they look for low volume from buyers. If traders want to confirm a reversal on a level of resistance–or ceiling– they look for high selling volume . Conversely, if traders are looking to confirm a break in the level of resistance, they look for high volume from buyers. How to use alerts Note that by creating an alert, an instance of the indicator, with all your settings, will be activated on the site's server and alerts will be triggered by it. After that, changing the indicator settings on the chart will no longer affect the alert. Open the settings window and select the alert conditions as you wish Click the Create Alert button (or press the A key while holding down the ALT key) In the Condition section, select the name of the indicator. Make the rest of the settings as you wish. Finally, click on the Create button. It's finished. After a few moments, your alert will be added to the Alerts menu.
BITSTAMP:BTCUSDEducation
by BobRivera990
51
ETH 2.0 The Next Bitcoin 🚀 !Ethereum’s growth is attributed to an increasing number of developers building decentralized finance (DeFi) applications on the Ethereum blockchain platform. The rise of non-fungible tokens (NFT) also increases demand for Ethereum. Lastly, continued institutional interest in treating crypto like any other security also helps ETH. Coinbase is the new NYSE. ETH is No. 2 on Coinbase after Bitcoin. Seeing how the DeFi and NFT movements are directly connected to Ethereum, their increased activity has been the main driver for ETH prices in 2021, says Andrew Moss, GSR Capital’s managing director. “Users need ETH to interact with these technologies, so the more people who are involved with these communities and protocols, the higher the value of ETH goes,” he says. Where is ETH going? Judging by the current momentum of the cryptocurrency space and the increased interest in Ethereum, “our price target may easily be overtaken,” Grigorov said in an email correspondence. “More investors and developers are discovering ETH or moving onto the platform in search of a more robust, stable and secure investment vehicle.” For newcomers to the cryptocurrency market and its “companies”, Ethereum is a platform where developers can build apps favoring the easy creation of other alternative coins. An altcoin is basically any cryptocurrency other than Bitcoin, so ETH is an alt. Ethereum is the name of the underlying blockchain technology or network, while Ether (ETH) is the digital currency that powers the platform. “Ethereum can be described as ‘the open source’ platform of cryptocurrency, just like Google’s GOOG -0.3% Play Store or Apple’s AAPL -1.6% App Store,” Grigorov says. Just like in Bitcoin’s blockchain, each Ethereum transaction is confirmed when the nodes (participants) on the network reach a mutual consensus that this particular transaction took place and they are rewarded in ETH for their work, through a process known as mining. Mining can be easily described as solving/computing a complex algorithm in order to prove the authenticity of previous transactions on the network. “As an investor, one of my top list cryptocurrencies to buy is definitely ETH,” Grigorov says. “The upgrade to ETH 2.0 should spur more growth and give investors massive benefits.” That’s Ethereum. The update to the Ethereum network, known as the Ethereum Improvement Proposal 1559, introduces a base fee to Ethereum transaction fees, something all users are required to pay when they send a transaction. This proposal introduces a “burn” which – simply put – would allow for coins to be “burnt” or eliminated, thus reducing supply. I won’t pretend to understand all the computer technicals, but ETH 2.0 is looked at as a positive upgrade to the network, and therefore good for investors. “If we're still bullish by the end of the year, I'd say ETH would be closer to the $10,000,” thinks Ioannis Giannaros, Co-founder of Wyre, a cross-border payment API using blockchain technology based in San Francisco. “If we're in a bear market, we'll see lows back in the $1,400’s,” he says. Danial Daychopan, CEO and founder of London-based DeFi firm Plutus says there’s been a lot of “fear of missing out” when it comes to Ethereum. Investor inboxes have been flooded with something akin to “Ethereum moon” calls all month. “FOMO has played a big part, but a lot of this is driven, too, by the rush of smart money and thousands of developers around the world buying ETH,” he says. “Developers need ETH to pay for building their applications on the Ethereum network. Think of it as a toll fee, where the biggest computer in the world charges you tolls for using its immutable cloud servers and verifying every transaction you make on it.” The crypto investing story is the perfect get-rich quick scheme. It’s those specialty lose weight or gain muscle diets that never work; it’s the YouTuber selling you his stock picks from his Ferrari driver seat. But if we assume crypto is a fad, trending to $0, the opportunity cost for thinking that way is through the roof. Everyone recognizes this... If you invested a measly $100 in ETH in December 2015, you’d have over $125,000 today. Only those who believe in flying rainbow unicorns think they will ever make 125,000% on ETH again. Besides, they would likely sell if was up 100%. But true believers think they have a chance at 10,000% gains in five years. And why wouldn’t they? Look at what these coins have done so far. If ETH does reverse this week, there will be buyers on the other end, thinking the long game. Unless you believe the long-term result is the Ethereum blockchain being centralized, and everything associated with it becomes worthless. “If you’re an investor, just know there are at thousands of crypto losers out there,” says Daychopan. “Crypto has matured a lot, but it’s still the Wild West of investing. There are meme coins and projects that are there simply to take your money. Do your own research, invest in the future, but be patience and follow the smart money. The results will be in your favor if you do that.” Credit :Kenneth Rapoza Ridethemacro
BITSTAMP:ETHUSDLong
by Ridethemacro
WTI COMPLETES A FAILURE SWING TOP WITH DIVERGENCEThe price of a WTI barrel had risen more than 50% so far this year but slipped on Monday as OPEC+ agreed to ramp up production by 400,000 bpd while fears that a surge in the Delta variant of the coronavirus threatens oil demand prospects. Oil prices had rebounded 1.4% on Tuesday afternoon in the runup to the data release, after sinking nearly 7% on Monday. Looking technically at WTI weekly chart, we can see that the oil price touch the previous strong resistance level formed in September 2018 and the week ending at 09.07.2021, it close with a bearish spinning top candlestick. The oil price clear formed a substantial divergence matched with our oscillator indicators MACD and RSI. Last week the price dropped down to the psychological level of $70 per barrel, and during this week fill the gap to the previous strong resistance level at around $67. From this turning point, it would be interesting how the traders and investors will react. If the price bounces back up, it is possible to test the previous high at $77. But if the price breaks down below this week, the price may test local support at $57 or strong support zone at $50-$51. If the production ramp-up while fears surge in the Delta variant of the coronavirus threatens oil demand prospects, we may see lower price levels to the support zone at $42 per barrel. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
TVC:USOIL
by legacyFXofficial
2