Made this for the Ethereum lovers that wanna go all inHey Ethereum fan boys hope your day is going well I know mine is.
I can't believe you really panic sold all your precious Ethereum tokens this low again! oh wait actually I totally can because humans are emotional creatures that never change.
The title is a joke never go all in on anything! or all out for that matter (yes I'm calling out the people that are 100% in USD or USDT right now WHAT ARE YOU THINKING?) risk management is key I like to keep the following for my trading accounts.
30% - 40% Bitcoin
30% - USDT/USD (sometimes a bit less sometimes a bit more depending on how much Crypto I have accumulated in times of high panic or how much USD and USDT I have accumulated from the times with heavy greed)
Remaining % in Alt-coins (usually 2 - 3 month setups)
This is a really good spot to pick up some oversold Ethereum though if you don't have any you might as well buy some or start to average into this panic.
Also quick warning _ people you need to learn how to stop checking around on twitter / tradingview for TA all the time and start doing your own TA so you can get a clear perspective on the market this helps so you don't start following bad traders and also so you don't get caught up in the FUD and terrible TA swarm that thrives on twitter and tradingview I have seen top artist that don't even know how to draw a correct H+S pattern so you have to be mindful of who you trust even if they are popular on tradingview / twitter make sure they have kept a clear head through all of the price movement and are unbiased to both directions or outcomes (using primary counts and secondary counts so you can make plans for both outcomes.) it is also important to pay attention to their level of accuracy with entries / targets .
Anyways hope everyone is keeping a clear head and accumulating in this dip! Crypto is far from dead and these coins will do bullish market cycles again - goes back to the start humans never change the mood of the space will change though and people will start impulse buying again just as they impulse sold.
Vitalik
In fact good opportunity to buy now for some monthsTo monitor the bounce on the resistance breakout approx 0.00274
We are probably at the end of the long parabolic consolidation.
If you are patient you can hope 400% (the full retracement), in about 3 months.
The advantage is that it has not been in since the resumption of the season of altcoins
Ethereum's Path to 600With world wide adoption set to occur over the next decade, many have reason to believe that cryptocurrencies are no where near being close to a bubble. Technical Analysis can be very hard to predict. With the speed of recognition and adoption exponentially growing everyday, it is hard to say that Ethereum will ever go back down to test the 200 or 90 dollar levels. I have just drawn these lines in coordination with the fibonacci retracements and key support levels.
XRP Update - Expecting $0.30-$0.32 soonI'm fairly new at technical analysis but I think XRP is on it's way up to at least $0.30 shortly. It has been traveling along nicely like I hoped (besides today's ETH crash over the Vitalik Buterin fake news). It seems to be back on its way up like it's 'supposed' to be. Hoping to see some $0.30's soon. I entered at 0.29 a few days ago and held through the storm down to 0.21 and I bought more at 0.24.
BITCOIN SINCE INCEPTION vs ETHEREUM SINCE INCEPTIONI believe Ethereum can soar a bit more, but it is about to touch the top of the channel, so I believe this bubble will pop soon. Maybe it will reach 0.22 btc, but It is obvious for me that it needs a correction.
Another sign of the "Ethereum bubble" is that every Ethereum Maximalist (I love calling them this) really believe ETH is going to replace BTC, the same way that Bitcoin Evangelists thought that BTC was going to replace Fiat back in 2011 (and again in 2013). This means we're in the "New Paradigm!" phase.
Ask yourself where does the demand of ETH come from, is it because of the state of the art of Ethereum or because of the I.C.O. bubble. IMHO I think what is driving this madness is the demand for I.C.O. tokens. But soon, a whale that has nothing to do with these people will cash out (Just because ETH is overheated), and these people will start panic selling in order to fund their projects. This will be the burst of this ETH bubble (the second one), and will drag Bitcoin price down. If you check the timing, you will see that BTC is about to reach a resistance just in time. The red dashed line is placed when prices will reach their corresponding resistances.
Will this be the end of ETH? Probably not. And I will buy ETH whenever the price drops to the bottom. I don't really know when this event is going to happen but remember... last bubble bursted when a whale named Lord Vitalik sold 25% of his eths . :)
Anyway, here you have my chart of the whole history of both coins and you can Zoom in and take your conclusions.
Happy tradding!!!
DAO and BTC - Hedging positionsBitcoin up 11.15%
$DAO down 5.16%
Indicating strength in $DAO.
This can be used to hedge your
Bitcoin long position.
$DAO has a reverse relation with $BTC.
If Bitcoin goes down a bit, $DAO
will go up more aggressively.
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At this moment $DAO has not been on the market.
But it seems like it does have an inverse relation with $BTC.
$DAO might be usefull as a hedge but I am not sure how
competent the team of $DAO is.
There is an article on coindesk.com with the title
"Will The DAO Become Ethereum's Mt Gox?"
You can look it up. The headline seems very weird to.
Too much speculation. Coindesk.com was hyping $DAO before it got in
the market. Made me think that the coindesk.com team bought $DAO.
If they try to manipulate the market with that headline to buy cheap ?
We migght never find out.
This is just an analysis. Consider the risks on every trade
Second 0.03 attempt incomingAfter yesterday's strong buyer's momentum that broke 0.03 on Kraken but was denied by Polo sellers, we are gonna have another try at 0.03. The reasons are written in chart:
Quick denial of dump, downtrend didn't even form.
Inverse H&S
RSI holding support, quickly rising with higher lows and higher highs