ETHEREUM - TODAY - MARKET UPDATE - 11/15/2019ETH slipped beneath 180.71, dismissing the wave (Y) triangle, and the decline is likely to continue toward the highlighted target area.
Potential downside targets lie at 173.46, 170.76 and 163.67.
That area includes where wave will retrace 61.8% of the wave advance.
A zigzag unfolding for wave (Y) is expected to at least test the 173.86 lowm to complete wave ** **
A breach of 189.31 will give us reason to consider alternate wave scenarios and the possibility that wave
Keep you updated as this price evolves.
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Ethereum Update - Broke $188 ResistanceHey traders, if you saw my last post you'd know I called the next move up to 188 to a T, I told all of you that anything below the 169 price point level is all institutional level players buying. Marked in the yellow box is the prime point to buy-into Ethereum. All this was is just extra accumulation, to everyone thinking we're going down to something crazy like sub $100 prices, we're not.
A $100 Ethereum just isn't feasible anymore, right now is your lowest point you can buy into it. All of these coins are finishing up their accumulation, and won't stay at these prices forever.
Start of October, ethereum broke its July downtrend, the one from the spike up in June to $380. Now, it looks like its ready to make another move higher.
Ethereum and all of the other altcoins have slowly been gaining in their bitcoin values since the beginning of September. The Bitcoin dominance is dropping slowly but surely. The big players like to shake out weak hands and retail traders by crashing the market like this every so often.
Now ethereum is hovering around 188right at that 4H support. Its held this 169 considerably strongly, meaning I don't think we're going to see a lower price in ethereum .
All this dip was is just consolidation from the previous spike up, not a bear market, or the coin is dying, no nonsense like that. Just take a look at that spike up to $221, that happened in the span of 3-4 days. Of course we're going to see an even more aggressive sell off to another low, then re-accumulate to do it all over again.
We should see ethereum close above 188 and start to regain the uptrend and continue the bull market. We're not going down, this is just the beginning of the next run up. Watch. Then we'll test 200, then 221, and then 384.. I feel it coming.
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Ethereum - I am here! Showing Signs of Life!Ethereum Showing Signs of Life.
The Ethereum still looking primed for a move up into the we’re looking to the rest of the market to jump up again as well. ETH kicked this move off. During that time, a downward taper paired with a sharp move up perfectly showcased keen buyer interest showing up for the world’s number two digital asset. Since then, ETH bulls haven’t let prices slink much lower, despite the relative weakness of BTC since the VanEck SolidX ETF withdrawal. For the first time in forever, Ethereum has shown signs of life, reminding many of us that it’s still here. Despite going dark for nearly 1.5 years, the world’s number two digital asset is picking back up on a stride it lost long ago. Let’s pull back the curtain and take a look at why Ethereum appears to be back in favor, and what that might mean for its mid-term prospects.
Tether (USDT) is tying up Ethereum, but that’s a good thing.
At the beginning of the year, Tether’s handlers declared they would be moving USDT from Omni to the Ethereum blockchain. Tether does upwards of $15 billion in daily transaction volume, and is itself worth $4.1 billion (hopefully) cash-backed USDTs. Suffice to say that is a ton of network strain heading straight for the Ethereum blockchain. As the year progressed, Ethereum gradually started showing signs which belied that strain. This month, transaction wait times have resembled those of the Crypto Kitties days, with some users waiting days for transactions to finally confirm. The huge boost in network activity caused by millions of Tether transactions has led to near ATH gas fees. In response, Ethereum miners have moved toward increasing the gas limit, which would create more transaction throughput. It’s easy to point out that Ethereum is struggling to meet the demands of Tether’s move, but that doesn’t tell the whole story. In our view, we’re witnessing the beginning of Ethereum-based decentralized finance (DeFi), a much touted but hitherto unseen network potential. With real value moving onto the network in a permanent way, the emergence of demand for the Ethereum world computer comes as a relief. While other smart contract platforms have thrown their hats in the ring, it’s probable that high-stakes products like USDT will continue to choose a tried and true platform like Ethereum.
Ethereum 2.0 on track.
On June 13, developers reiterated their belief that Ethereum 2.0 is on track for a January 3, 2020 rollout.
As outlined in our recent analysis, ETH 2.0 will appear in several phases. Phase zero, which comes as the first most important implementation, will feature the launch of the proof of stake beacon chain. A switch to proof of stake will also mean lower gas fees and high transaction throughput, which should go some ways in ameliorating the aforementioned USDT situation. Additionally, Binance recently published a report showing Ethereum’s sheer dominance when it comes to hosting decentralized finance applications. EOS and BTC, the next closest competitors, have a lot of catching up to do. Ethereum outdoes them by hosting over 15x the amount of DeFi apps. From a network usage perspective, that’s a bullish sign for the future because DeFi apps use more complicated-than-usual smart contracts which, in turn, require more gas.
Resources for watching Ethereum.
The beautiful thing about blockchain is that network metrics are always available for you to see if you know where to look. Here are a few very handy resources for observing network usage, gas fees, network utilization, and more:
etherscan.io
etherscan.io
etherscan.io
ethgasstation.info
studio.glassn
Well keep you updated as this timely issue evolves.
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Ethereum - Falling Wedge Ethereum in Its First Big Bear Market Like Bitcoin in 2015, Analyst SaysNEWS
Cryptocurrency investor and Placeholder partner Chris Burniske has argued that Ether (ETH) is enduring its first mainstream bear market, just as Bitcoin (BTC) did back in 2014-15.
In a tweet posted on Aug. 20, Burniske noted that in retrospect, 2014-15 revealed itself as having been the best risk/reward period for investors to get Bitcoin exposure. He added:
“To objective observers, the network’s momentum was clear despite the bearish price action; those predisposed to dislike based on perceived vested interests, were blinded by biases & missed the bus. What happened to $BTC then is happening to $ETH now.”
Bottleneck issues “not solved at all”
Parallel to Burniske’s comments on Ether’s price action, the founder of top crypto exchange Binance, Changpeng Zhao, also known as CZ, picked up on the ongoing debate sparked by Vitalik Buterin’s statement this week that the Ethereum blockchain is almost full. CZ tweeted on Aug. 21:
“I like Vitalik & ETH, but speed & capacity was a problem a year ago, but now a largely solved problem for newer blockchains (for now). We need to increase real applications that people actually use, so that we hit the new capacity issues/limits again. Focus on applications.”
In response, Buterin said that scalability issues are “not solved at all,” noting that even the newer semi-centralized blockchains can only process transactions p/second in the hundreds. EOS, for example — he claimed — has already faced scalability bottleneck issues.
The Ethereum co-founder also conceded he was becoming more and more pessimistic about off-chain second layer solutions such as Lightning Network — a scalability solution for Bitcoin which opens payment channels directly between users that keep the majority of transactions off-chain. Thus, the underlying blockchain is only used to settle the net results.
Buterin argued that second-layer solutions are “hard to build, require too much application-layer reasoning about incentives, and hard to generalize.”
Technicals and price
Despite Ether’s latterly bearish fortunes, the results of a recent survey of the global crypto Twitter community indicated that 54% of respondents believe Ether will see $1,000 again.
That optimism continues to be tested: in the depths of crypto winter Fundstrat senior analyst Tom Lee made the ill-fated call that ETH/USD would rally to $1,900 by the end of 2018.
Meanwhile, Buterin’s recent remarks indicated that with scalability still as thorny an issue as ever, the pressure of high transaction costs and the squeeze for transaction space is keeping new partners from joining the network.
If this is right? We will have an extensive wave 3 ...
It seems right. XRP walks on the same side
Ethereum - Next Target $417ETHEREUM 2.0 desenvolvendo muito bem. Próximo alvo é 417 USD! Aguarde o rompimento do TOPO (setas em verde) para que o próximo alvo seja atingido. Fibo é FIBO!
Grandes resistências sao decorrer da escalada do preço serão as retrações de FIBO (Verde) que ligam a ATH (Topo historia) ao fundo formado em 15 de dezembro 2018.
Vitalik vamos a LUA!.
Sharks Are Homing In For Ethereum - ETHUSDThe near-term outlook of the Ethereum market has turned bearish following a quick dip below Key Level 1 at 135 that broke its near-term market structure. Though Vitalik is still clinging to that level for dear life, that tiny drop of blood he spilled into the calm waters is enough for the sharks to home in for the kill. It is just a matter of time before his skinny arms give up to exhaustion and let nature takes its course. That is when price pushes through Key Level 1 once more and decline further to test Key Level 2, a level where we anticipate a technical rebound to materialize.
ETH/BTC Possible void fill incoming, 3.5 risk/reward setupEthereum should be seeing a move up to retest that bearish orderblock which sent it down to this range.
This setup is only viable IF we break above that small block we're pushing against right now.
So the strategy is:
1) wait for the break
2) enter on retest of support
3) stop below previous low
4) pray to Vitalik at the start of each candle until the price hits our goal
OMG ready to go on a runA lot of people forgot about this project and have already sold their bags as there was not much hype around it. Huge mistake. Plasma will be released soon, my gut is telling me in the next 2-3 months, including their own decentralized exchange. Plasma is currently in testnet and there's already a first game running on it called "Plasma Dog". I seriously think this is the bottom. I've missed buying OMG at 477 sat, but I did get in at 494. I'm expecting it will be trading between 491 and 547 sat before it enters the next stage - 690, approx 40 % profit. Good luck trading this monster.
ETHEREUM AT LOWEST LOWS SINCE NOVEMBER 2017 !!!Bitcoin! Bitcoin, wow look how good it's doing let's buy some!! No. If you have been in crypto more than a few months you already know to NEVER BUY INTO A BULL RUN. So while I'm waiting for a good entry for BTC I decided to check on good ol' Ethereum. The chart honestly looks amazing so unless you truly think Ethereum is about to totally die (it's not). I got in at $283 , noticing some serious short term bullish indicators on the RSI. As you see we are being confined to my "red zone" , price staying steady but RSI experiencing some pretty heavy swings. Ethereum is still #2 under Bitcoin for overall market cap and it's oversold with extreme upward potential. So many ways to play this, but I think the best bet is to HODL. I remember Ethereum going from 350 to 700 almost overnight shortly after some negative press, and surely has the power to do this again. This looks like a perfect setup for alt season. ETH/BTC and ETC/USD are both looking very tasty right now. I think BTC needs some sort of correction before heading upward, so maybe the focus will shift to overlooked ETH for a bit. That's what I'm hoping on. Of course I am not a professional financial advisor and this is not financial advice. Trade safe. Please leave a like if you agree and feel free to troll me in the comments below!!
Ethereum Price Analysis: Probably a Great LONG-Term and Short-TeSo, let’s not make any bones about it.
I was wrong on this call.
Unfortunately. Stopped out!
Above is a look at Ethereum on the H6 chart. I pick the H6 because it tends to give me the best of both worlds when it comes to the lower TF charts.
What Happened
So, as the price of Bitcoin (specifically) spiked, Ethereum did not go up with it. This is the case for many of the other altcoins in the market during Bitcoin’s run up to $6.9k.
However, as the price of Bitcoin began to consolidate it’s way back down to the sub-$6.5k range, the rest of the market continued to plummet with it.
As you can see in the screenshot above, Ethereum was no exception.
Ultimately, despite me being wrong, it wasn’t an egregious mistake because the price of Ethereum hasn’t necessarily gotten throttled.
Currently, it’s down about 7% from where it was at the entry of the trade that I had recently listed. The S/L was only 3% down to maintain our >1:2 R/R ratio.
There’s definitely potential for a double-bottom if you look at it correctly on the chart above.
I made it a little easier to identify with the golden circles.
Of course, the price would need to breach $318 first.
Fibonacci Levels
For those that believe in the Fib levels, this price has buoyed right against that 78.6% retracement mark rather well (this is on the daily).
Conclusion
This is a fairly short analysis, because I didn’t think we needed to do too much with this.
The price is pretty self-explanatory at this point when it comes to $ETH and we’ve already laid out the overhead resistance points.
I don’t anticipate that the “bottom” for $ETH is more than 50% below where the price is at this very second, and that’s probably true for most projects in the T100, so buying here and just holding for the long term isn’t a terrible decision at all.
In my opinion (not financial advice), if you are not a trader but you’re still someone that is looking to hop in the markets and make a couple bucks from holding some good positions, Ethereum looks like it’s a good buy.
I’m not sure how long that it’ll last in the grand scheme of things, but I imagine that it will one day surpass the price that it is at now. If it doesn’t, then it’s just simply going to die. So, we’re getting at that point in the bear market where you either have to “believe” in the tech itself, or accept that it’s going to die. Pick one.
And if you believe in it, then investing at this point sounds like a righteous idea. If not, then stay the hell away!