Waiting on Donchian channel to confirm upward channel ETH USDThe 4 hour Donchian channel needs to touch the top again, twice really to confirm the upward channel here. 1 hour just touched twice, i went ahead an bought a little myself.by recursiveidentityUpdated 333
ETH/BTC Maketcap updateETH/BTC Maketcap update Looks promising. On twitter there will be more talk about the flippening (ETH MCAP will overtake BTC) but I'll try to stay grounded. I'll try to trade inbetween and sell early in several batches. By far ETH is my largest position. For my public portfolio please visit my profile. This is not financial advice. Please do you own research. Protect your capital at all cost. Best of luck! -izenby iZentrades114
Long ETH and Alt coinsOverall, ETH pullback and after forming a cup shape and now consolidating, forming a handle. With the board market bullish as well as alt coin going up. I think its very possible to breakout and more capital will rotate to alt coins.Longby Art_of_Trades111
ethEthereum can be key and will be key in the next coming days. Here is our updated chart with Key Levels you should know about. by Daniel8570019
start to re buy eth at 35b n downif we dont see a confirmed break out with btc n crypto market here is possible re buy zone for eth (sooooo much up side here) basically from 350 billion n down we will re buy n cost average in. if we see a confirmed break out of btc above 50k (at least 48 to 52 sideways confirmation) we will re buy n ride it with caution but i got to say this shake out feels like more n more a possibility so be ready either way ya all to move quick... our money is alt scalps n profits until btc drop for re test n possible brutal shake out below 32 to 28k BTC (i think at this point 32k 30 28k would def kill all hype n shake moat if not all week hands esp in the alt arena n esp esp in the defi areana if they through enough fud about infrastructure bill and Gensler goes after the rite few projectsLongby HustleGrindMomentum1
eth up trend 4480as you see in chart still up trend with up trend channel 4480Longby UnknownUnicorn25703986113
Transaction Costs...... Left: Matic (Polygon) Right: ETH (ethereum) How often do you execute transactions on the blockchain? How does this affect the usage of the network? Let me know what you thinkby joachim.snellings7
time to see if profits or run iti saw start to move so you can get out quickly. possible Doji star forming on btc one day n other singes of downtrend sneaking up soon.Longby HustleGrindMomentum4
Incoming ETH Pump?We have a falling wedge on ethereum. Looks like we could see higher prices soon. We could dip before going up but I think that we could go straight up from here.Longby DavidJDM448
Ethereum - Continuing Collapse in Market Capitalization.Decentralized Finance Projects abound within Ethereum's Orbital Domain. Transforming traditional financial products that operate without unnecessary intermediaries will remain a poignant and important effort. It will have a place in space and time - That time is not now. Ethereum will see very large losses to its Market Capitalization in excess of 80% off its highs. This is to be expected. Why? A good question with a simple answer - DeFi has an important role in the future, a very important role. There is a paradigm shift underway for all "Things" and their "Title" - which will forever alter transactions of everything from Deeds, Titles, Trusts and far more. First, the present arrangements must dissolve. They will, it is simply a matter of time, recognition and acceptance. It has gotten ahead of itself at present. Expect a large reduction in ETH's Market Capitalization as Global Financial arrangements begin to unwind and begin a transformative process. Pioneers never inherit the Lands, the settlers do. The list of impact is almost endless: P2P Loans, Lines of Credit, Portfolio Wallets, Asset Fungibility, Reduced Transaction Costs, Real Estate, Personal Property of any/all forms. First, the deck chairs need to be rearranged. They will, this event is ahead. As prior arrangements slip below the waves, DeFi will begin to gain in importance and acceptance. It requires simplicity and trust, this will come to pass in time. Between now and that time, expect a large reduction in Market Capitalization. Those in control, always get their Fill. Shortby HK_L61553
Ethereum $eth.x what makes any eth true believer think this price is going to go up before eip1159? Let’s be serious. This is big money accumulation time and last chance before this rocket leaves. Stack your eth, come back in mid August and we can begin to have our bear party by cischketrade12211
Elliot Wave on Eth I have strong reason to believe that Eth is following the Elliot Waves also known as impulse waves. Further analysis would be need but based on the way volume is acting I can be right. Note that Eth is direction can be easily changed. by louisandkokoUpdated 1
Ethereum Short/Medium Term Breakout Ethereum (ETH) has had quite a run over the year-to-date. In January, the cryptocurrency was well under $100B in total market cap. As the new year and COVID developed, a lot of central banks continued pumping stimulus into the economy through maintaining lower rates and quantitative easing. As investors sought inflation-resistant asset classes, cryptocurrencies were a fan-favorite. With the help of social media influencers, many cryptocurrencies began to rise astronomically. It was not unusual to see these currencies rising in excess of +20% in a single day, like Elon Musk and Dogecoin. Sometimes they would rise +100% in a day. While most of these were obviously bubbles in pump and dump schemes, Bitcoin and ETH remained renowned for their utility and name recognition. This ideology remains today, Bitcoin and ETH are the gold standards of cryptocurrencies (no pun intended). This wild bull run leads the price of ETH to quintuple (5x) to over $4400 per coin. Ever since the price has been dwindling down to where it is now near $200B market cap or ~$1750 per coin. This level has created support multiple times signifying that it is a significant factor in technical analysis models. Whether you know/believe in technical analysis it is still a massive driver of automated trading machines formulas. I believe it is second only to politics/legislation. It is still a relatively new asset class so there are large risks (market, political, etc) associated with cryptocurrencies. That being said, as of 6/27/2021, it is on the verge of a massive breakout, maybe to the upside, maybe to the downside. If it breaks below the $1700, it will likely trade down 10-15%. If it breaks above $2000 it could reverse its long-going downward trend. Full Disclosure: I have owned a long-term crypto portfolio since 2018. I currently have some equity at around $2000. I am looking to buy more around the $-1770-1780. I will get out of the trade if it breaks below $1690. I believe the technology will eventually be adopted universally so it makes a good portion of my total portfolio.Longby howdydany116
ETH 20% pump incomingLooks like we are creating something similar to an ascending triangle. You could take a risk and long on the FIB levels but waiting for confirmation would be nice too. Wait for it to break the trendline because if we never reach the trendline, it will retest lower levels I think.Longby DavidJDMUpdated 6
Analysis of crypto defi platform by market capLooking at the market cap of defi platforms relative to bitcoin and ethereum.by theofiloss0
#ETH :// whAt a FaK3 OuT _wanna no why read thiswell my denial strikes again... maybe maybe if i stretch it we could argue an overall sideways volatile LOL up trend BUT reality is BTC rejected off the 40k... 21 week moving averages... and much more... the great part about this is that we are seeing true signs of institutional manipulation the horrible part of this is that we are seeing signs of institutional manipulation. (they know we know, kinda _so no clean sideways for us) _institutional money has never been more keen to get into crypto and ill show u why in the next post later tonight.... _BTC rejects off 40k with overall sideways trend (M3 n Mine made a mistake _one of the easiest to fall victim to no matter the amount of market experience _STILL, rookie as F#+=K ) basically even if we overall pump choppy as f#$ck to low mid 40ks _{n yes eth will follow}_ or if we sideways all the way down to 32 to 29/28k BTC now reverting to an overall down trend _no matter how u cut it its still a mistake... Basically we built a narrative into the crypto markets that suited what we wanted the markets to do not what they "probably would do" if looked at without objective eyes. (IE didnt clear all alt positions in time due to other projects 4 m3 n min3 we stuck on) so "needed BTC to drag alts as she hits under belly of 40k range) >BTC on chart perspective got cold rejected off 40k n reverted to a overall down trend on smaller time frames like 1hr n less. THE WHOLE POINT IS THIS NEW FUND MANGER REPORT With the current very obvious INSTITUTIONAL MONEY just drooling, can hardly wait, on the side lines combined with current market temperament n u have the perfect sideways btc shake em out kill all the week hands n Institutional money take real positions in top 5 ish crypto projects combined with aggressive pool hunting and farming for APY in deeper ALT market cap projects while shorting to mitigate farming/pool risk. (yes institutional funds r actively trading like this via DEXs etc) _basically what this ramble is tryn to say is that there r no rules here. No way we get a nice controlled sideways with like 2 test runs down to "known support" with a test of resistance mixed between the 2 test bounces. LOL na eso with this "Wyckoffian deal making the rounds and just general talk of market shake out n fake pumps whatever u call it its market manipulation and it is as old as these markets in their OG form (like 100s of years old old ).... i guess she made it ,,,,<<<>> it aint these random white wales making the pump n dump waves anymore. Institutional money is here and playing on UNISWAP SUSHI 1INCH (thus crazy gas fees last few months until they stepped back n r actively shaking market out while looking for aggressive APYs they can also short to reduce volatility) we get to see some wild up n downs in this "sideways box" with confirmation and tests all over the place to cause more uncertainty (28k 29500 32k n 40k 41700 43k 44-5k-ish. Just get in where u fight in. Remember> :// the name of the game is taking profits whenever however u can via BTC n stable coins _buying dips on solid HODLs is paramount!!! esp if deep in the metamask woods operating with no stop loss etc u need to buy dips and pick or try to ID sell target zones for profit. _Institutional funds, despite what the media projects, is very much testing the waters and getting ready to take a major position via their rich family n private money portion of these Funds. In this 40page _basically survey _ of top institutional views worries etc for crypto market investments only one group/person thought BTC would be under 100k by the end of the year.(the under said around 50k at end of year) something else that jumped out was the main concern for these fund managers was not volitivity... (funds that have not traded crypto yet still in the top 3 or 4 concerns BUT for funds active in crypto markets volatility dropped to one of least concerns n in some cases, a short term asset) _The 2 main concerns that came up over n over for these big institutional money monsters was 1. NEGATIVE CLIENT PERCEPTION FOR TRADING IN CRYPTO MARKETS n 2. UNCLEAR/UNCEARTAIN REGULATORY GUIDLINES ESP IN US BUT>>>>>>>>not volatility or the number of other "issues" that are brought up in the media. there r lists of other crazy interesting stuff here _so if deep in crypto_ or n just want that inside track view_ this report is a must read or at least skim. COIN BUREAU made one of his best videos in a long time on this report_ which is what i think his strongest skill set_ dissecting this type of information www.youtube.com or the survey it self www.pwc.com(may-2021).pdf if ur not the study type due to time restrictions or whatever _if u read anything this year this is one of those must reads or at least watch that video Longby HustleGrindMomentumUpdated 443
#ETHUSD ://WHaT a FaK3 OuT... (they know we know, kinda)well my denial strikes again... maybe maybe if i stretch it we could argue an overall sideways volatile LOL up trend BUT reality is BTC rejected off the 40k... 21 week moving averages... and much more... the great part about this is that we are seeing true signs of institutional manipulation the horrible part of this is that we are seeing signs of institutional manipulation. (they know we know, kinda _so no clean sideways for us) _institutional money has never been more keen to get into crypto and ill show u why in the next post later tonight.... _BTC rejects off 40k with overall sideways trend (M3 n Mine made a mistake _one of the easiest to fall victim to no matter the amount of market experience _STILL, rookie as F#+=K ) basically even if we overall pump choppy as f#$ck to low mid 40ks _{n yes eth will follow}_ or if we sideways all the way down to 32 to 29/28k BTC now reverting to an overall down trend _no matter how u cut it its still a mistake... Basically we built a narrative into the crypto markets that suited what we wanted the markets to do not what they "probably would do" if looked at without objective eyes. (IE didnt clear all alt positions in time due to other projects 4 m3 n min3 we stuck on) so "needed BTC to drag alts as she hits under belly of 40k range) >BTC on chart perspective got cold rejected off 40k n reverted to a overall down trend on smaller time frames like 1hr n less. THE WHOLE POINT IS THIS NEW FUND MANGER REPORT With the current very obvious INSTITUTIONAL MONEY just drooling, can hardly wait, on the side lines combined with current market temperament n u have the perfect sideways btc shake em out kill all the week hands n Institutional money take real positions in top 5 ish crypto projects combined with aggressive pool hunting and farming for APY in deeper ALT market cap projects while shorting to mitigate farming/pool risk. (yes institutional funds r actively trading like this via DEXs etc) _basically what this ramble is tryn to say is that there r no rules here. No way we get a nice controlled sideways with like 2 test runs down to "known support" with a test of resistance mixed between the 2 test bounces. LOL na eso with this "Wyckoffian deal making the rounds and just general talk of market shake out n fake pumps whatever u call it its market manipulation and it is as old as these markets in their OG form (like 100s of years old old ).... i guess she made it ,,,,<<<>> it aint these random white wales making the pump n dump waves anymore. Institutional money is here and playing on UNISWAP SUSHI 1INCH (thus crazy gas fees last few months until they stepped back n r actively shaking market out while looking for aggressive APYs they can also short to reduce volatility) we get to see some wild up n downs in this "sideways box" with confirmation and tests all over the place to cause more uncertainty (28k 29500 32k n 40k 41700 43k 44-5k-ish. Just get in where u fight in. Remember> :// the name of the game is taking profits whenever however u can via BTC n stable coins _buying dips on solid HODLs is paramount!!! esp if deep in the metamask woods operating with no stop loss etc u need to buy dips and pick or try to ID sell target zones for profit. _Institutional funds, despite what the media projects, is very much testing the waters and getting ready to take a major position via their rich family n private money portion of these Funds. In this 40page _basically survey _ of top institutional views worries etc for crypto market investments only one group/person thought BTC would be under 100k by the end of the year.(the under said around 50k at end of year) something else that jumped out was the main concern for these fund managers was not volitivity... (funds that have not traded crypto yet still in the top 3 or 4 concerns BUT for funds active in crypto markets volatility dropped to one of least concerns n in some cases, a short term asset) _The 2 main concerns that came up over n over for these big institutional money monsters was 1. NEGATIVE CLIENT PERCEPTION FOR TRADING IN CRYPTO MARKETS n 2. UNCLEAR/UNCEARTAIN REGULATORY GUIDLINES ESP IN US BUT>>>>>>>>not volatility or the number of other "issues" that are brought up in the media. there r lists of other crazy interesting stuff here _so if deep in crypto_ or n just want that inside track view_ this report is a must read or at least skim. COIN BUREAU made one of his best videos in a long time on this report_ which is what i think his strongest skill set_ dissecting this type of information www.youtube.com or the survey it self www.pwc.com(may-2021).pdf if ur not the study type due to time restrictions or whatever _if u read anything this year this is one of those must reads or at least watch that video Longby HustleGrindMomentumUpdated 2
Ethereum vs Bitcoin! Let's have at it!Hey TradingView Traders, Investors and buddies! I hope this idea comes at you having found yourself having a blessed weekend and a wonderful day! Let’s dive in together as the two guerillas of ‘new money’ wage some ideological war throughout the publication below. The term "Flippening" refers to the hypothetical moment of Ethereum (ETH) overtaking Bitcoin (BTC) as the biggest cryptocurrency. It may seem outrageous to think Ethereum will overtake the Bitcoin market cap, but let's go over the logic on why there is probability of this occuring. Let’s dissect some fundamental headwinds for ETH vs Bitcoin by exploring the development of their networks current upgrades: Fuel Fees. Under the current system, users send what’s known as a gas fee to miners as payment for transactions to be verified, in a kind of auction. Minders in current proof of work complete transactions by using computing power to solve puzzles on the network which create crypto and receive a piece of the fuel payment. Eth however has seen rampant growth, especially due to NFTs popularity and this is made evident with the block sizes consistently being near full. When the network gets busy the auction system of fuel fees enable users to bid up their transaction to essentially jump in que which leads to increased costs within the network. Solution. EIP-1559 will address this issue during the “London hard fork”. With the new update the gas fees will be automatically determined with a base fee which will fluctuate according to network congestion. At this point an ETH user can simply compensate the miners with a “tip” if they need to jump in que. This isn’t the “end all, be all” solution, but as far as favorable fundamental tailwinds, the network will “burn” a chunk of the gas fee. This is essence ‘deflationary’ for eth. Bitcoin has gotten a lot of favor for having a ‘fixed’ supply, but if ETH continues to increase in popularity we could eventually see that more ether gets burned then generated for miners. I am of the humble opinion that this will result in a rise in the price of ether. Additional Fundamental news – Eth 2.0 I have come across a great deal of misinformation about ETH 2.0, and a few points that I would like to clarify is first with a simple ‘visual’. I once heard a psychologist say Sigmond Freud constructed a vast room of clarity when it came to psychology while Carl Jung excavated a mansion around that that room. In many ways ETH 2.0 is being built around ETH and simply will absorb it within the network. This seems very practical as it will make the transition very easy for users, and node operators. ETH 2.0 will make the platform radically swifter, more scalable by upgrading the mechanics of the network. The two biggest upgrades will be the transition of Proof of Work like Bitcoin to Proof of Stake like Cardano. Bitcoin has miners competing to solve complex puzzles and they are then provided block rewards. As Turncoat T(M)usk (/sarc) has accurately stated Bitcoin energy consumption has skyrocketed. With the conversion to Proof of Stake ETH will validate transactions and ‘mine’ using the number of coins they are holding and willing to offer in essentially what amounts to an ‘escrow account’. This will colossally reduce the impact on the environment along with not only energy consumption but as Vitalik mentioned on the Lex Fridman podcast, hardware consumption as well. Each Ether node operator has to stake 32 ether and then receive rewards. They mentioned on the podcast that this is actually MORE secure then Bitcoin as an attack on the network would costs more than the collective value of all stakes that had been submitted in the beacon chain in December – they mentioned essentially it would costs greater than $15 Billion Dollars’ worth of ETH. The second upgrade will be “sharding” which was also mentioned in the podcast and within many research papers and articles. This will essentially entail new networks running parallel blockchains within the network. Vitalik himself described it as essentially taking a random 100 node operators and delegating them to come to consensus on a certain block, and then after they are all in agreement they are broken up into a new random sampling to come to consensus on a new block. Once they block has come to consensus it is “signed/authenticated” and linked to the main beacon chain. This will make it radically more efficient, reduce costs, increase scalability and improve the user experience and the experience of those staking the product. The users staking receive passive interest on their underlying deposit in the “escrow” account. The benefits in conclusion will be energy/hardware consumption plummeting, more efficiency, a swifter more scalable network, a deflationary product that is burning ETH and rewards for those passively operating nodes which will encourage them to “stay long” to reap the rewards. Bitcoin on the other hand is working on adding “the Lightening Network: as a second layer to the Bitcoin network which will enable transactions peer-to-peer off network “off chain transactions”. This has been in development by Thaddeus Dryha and Joseph Poon since 2015, and will be important for emerging markets especially. The benefits to the lightning network will be increased transaction time, and decreased costs for transactions. The latency in the network which occurs when the network attempts to process simultaneous transactions has led to higher transaction fees as miners take longer to validate transactions. Also, participants can sometimes pay a higher fee to have their transactions processed faster very similar to ETH to essentially jump in que. Bitcoin's Lightning Network is supposedly going to help improve the processing times, build scalability, and lower the network's transaction fees. When the lightning network is in full swing the vision is for users to transfer Sats between each other without charges directly from digital wallets off-chain. Taking transactions ‘off-chain’ will improve the congestion ‘on-chain’ and will reduce the costs and improve the processing time. There is a great deal of criticism about this upgrade. The primary criticism is that it will not actually solve the transaction fee issue. Although the lightning network allows payments between two parties, an opening transaction or deposit must be made via on-chain. The two parties then can process multiple transactions between each other, but once the bill has been settled, they need to record a closing transaction for the settled amount on the blockchain. There is a separate routing fee to transfer payments between channels. Since the fees for the lightning network are quite low, in theory, it should attract more participants. However, if the fees are so low for the routing of payments between nodes, there might not be any incentive for the nodes to facilitate the payments. Another criticism is if there is congestion created through a malevolent attack. The idea originator Dryja himself stated, “forced expiration of many transactions may be the greatest systemic risk when using the lightning network.” The final criticism is that we still are not addressing the rampant energy consumption of Bitcoin. I know proponents like Saylor are justifying this as essentially “well the internet itself uses a lot of energy”, “we want a lot of energy and costs associated with keeping the cleanest money in the world safe.” I will not dispute Saylor, but I also would certainly not call Bitcoin “clean”. We will see with the ETH 2.0 upgrade the energy cost reduce by 99% according to research papers. I have heard an analogy that if Bitcoin is consuming the energy of the city of all of London, following ETH 2.0 upgrade, Eth will be consuming the energy of a single tenant in an apartment in London. The final comment I will make is simply the utility of the two financial products. ETH enables smart contracts, BTC enables ‘wealth transfers peer-to-peer.’ I will also say one benefit BTC has over ETH is that it is more decentralized than ETH is, and hopefully some of you can comment and add additional benefits that surely I may be missing. Simply put, ETH is “smart money” and BTC is supposedly a “store of value” – personally though I rotated 99% of my BTC into ETH about 8 weeks ago and have happily not looked back. This conversion was not because of simply the better upgrades instore for ETH, but rather due to Technical Analysis. So let's peek at some TA on the daily so you can see the prices of each product at the moment of this idea being written: In the green corner we have ETH at $2,688: In the red corner we have BTC at $36,034 Lets simply look at the trends associated with Market Dominance. We can clearly see below ETH above the EMA ribbon with the ribbon pointing up in a bullish trend. We can clearly see below BTC below the EMA ribbon with the ribbon pointing down in a bearish trend of market dominance. Final chart is a weekly ETC/BTC pair. I will state plainly that before looking at ETH overtaking the BTC dominance please notice the increase in volume and the trend as user growth has been exploding. Regardless of where you park your wealth I think good things are in store for both of these financial products. I know many are very passionate about their favorite project, and I welcome competing ideology! The TradingView Community is remarkable and I have great respect for all you brilliant minds that provide new paradigms and perspectives. I certainly may be missing some key points so correct me if I am wrong, or let me know which other project you think is better than even these two that I should explore next. If you enjoyed this content please be sure to give it a like so other traders get a chance to digest this and add their expertise. In a spirit of abundance I wish nothing but great fortunes upon you dear friends! by ZenMode121217