ETH trade ideas
#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
#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
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 $36,034
Lets simply look at the trends associated with Market Dominance.
We can clearly see below ETH above the EMA ribbon with the ribbon pointing up in a bullish trend.
We can clearly see below BTC below the EMA ribbon with the ribbon pointing down in a bearish trend of market dominance.
Final chart is a weekly ETC/BTC pair. I will state plainly that before looking at ETH overtaking the BTC dominance please notice the increase in volume and the trend as user growth has been exploding. Regardless of where you park your wealth I think good things are in store for both of these financial products.
I know many are very passionate about their favorite project, and I welcome competing ideology! The TradingView Community is remarkable and I have great respect for all you brilliant minds that provide new paradigms and perspectives. I certainly may be missing some key points so correct me if I am wrong, or let me know which other project you think is better than even these two that I should explore next.
If you enjoyed this content please be sure to give it a like so other traders get a chance to digest this and add their expertise.
In a spirit of abundance I wish nothing but great fortunes upon you dear friends!
ETHEREUM - ETHPerfect day yesterday for eth, who has a chance to continue the same today. If the excitement returns to Crypto, we will have a new day on the green. Long moderate prediction for ETH.
ETH Analysis ETH Is Now Going To Moon Because Its Almost Hit 210$ And I See That There Is Major Support Here And Now Its Trend Going To Up Side Next High Level. Let's See What Next And I will Update My Idea If There Is Any Big Event. Follow Me And Like My Idea To get Updated With Crypto Analysis.
Leave Your Comments Below I will Reply to All Of Your Questions.
Will ETH outperform other ALTS in the near future?On the chart, if it goes up, it's better to hold ETH.
If it goes down, it's better to hold other ALTS.
I feel like the chart wants to rise. So I'm selling some ALTS for ETH.
Maybe I'm wrong in the short term!
Eth CORRECTION OPPORTUNITY Have a blo placed for ETH. We should be seeing a correction occur after yesterday’s sell off. Please like and share this idea y’all
What do you think?!CRYPTOCAP:ETH
This is how I think Ethereum is going to play out.
I think this correction is wave 4 in the Elliott wave.
So I think it will hit a new high by the end of July.
I'd like to know your opinion.
*This is not an investment advice
Sell your ALTS for ETH in 100 days on AUG 19Get into your favorite ALTS within the next 2-3 weeks.
Comparing ETH marketcap and that of other ALTS.
ETH will be #1 crypto? ETH BTC Flippening - here we are again?
Hello, today I want to show you something interesting. In a past idea, I mentioned a target of 5k -10k for ETH and I believed it was really undervalued. We are still not there, but at least those targets do not seems so crazy now.
However, I do not want to talk about Eth's ride which is in front of everybody's eyes, but rather about the flippening. If you are new in the crypto space you probably never heard about this word, which appeared first in Jan 2018 when Eth market cap was approaching the BTC one, to finally dissolve during the bear market as every coin lost 90%+ and the first position of BTC seemed to be unapproachable. The entire crypto world was not sure to survive, and if some coin surpassed BTC at that time, it would have been the end.
However, with the recent rally, the closest "competitor" of BTC was able to erode the distance and "flippening" came out again. Indeed, there will probably be a day in which BTC will not be N1 crypto by market cap. It does not mean it is not the best thing the world has created in the past decade, by simply that another project would be more used.
Indeed, while BTC is the concept of Blockchain applied to money, ETH is the blockchain that can theoretically be applied to EVERYTHING. If Eth will manage to maintain its promises, it is difficult to think that it will not be the N1 crypto out there.
If you look at the chart, which represents the % of the market cap of ETH vs BTC, Eth has been rejected at 50%, which was a level never touched since May 2018 (3 years ago). A small retracement is normal now, but let's see if the price will be able to break up that level. It can be the indication that this is going to be the right time for ETH to reach BTC.
And what do you think? Will the "flippening" finally occur sooner or later? When? Will it be Ethereum or some other coin?
Let me know if you are interested in other indicators I use and I will be happy to release them one by one.
ETH Market Cap is now worth half of BitcoinsWill we see some profit taking or continued strenght?
In my longterm portfolio I have been locking in some profit to decrease risk. I will readd if there is strenght (new ATH) or if the price goes down. 3k USD maybe?
Best of luck!
-iZen
ETH clarity bliss through the fog of chaos. What I see is FUD and market manipulation. People are actively dumping trying to get people shaken out of their trades.
I think mass coordinators are actively dumping preemptive of news; crashing the price, and then buying for the repair.
I think this is damaging to the entire global economy. Furthermore, I think that collectively we should decide to go long on ETH.
Thank you.
BTC IS DEATH: ETH / BTC FLIP COMING WITHIN MONTHS!BIG BTC WARNING TO EVERYONE: we have a market wide dump because of Bitcoin and a liquidation hunt, not because of anything else! At this very moment the correction for STRONG FUNDAMENTAL COINS IS PRETTY MUCH OVER!
We have a market wide dump here guys, massive market maker move going on here! The reason is simple: there is no further interest in Bitcoin as its no longer decentralized! You are witnessing the death of Bitcoin here! Yes I said something slightly different earlier today with the sideways market (it was TA focused post) and I was right looking at the resistance and support levels but I overlooked the most important fundamental aspect: Bitcoin is in the hands of Chinese miners and therefore in the hands of the Chinese government. The electricity outage in China leading to the hash rate outage was the final death stroke for Bitcoin and proved the lack of decentralization. Therefore it is NOT a safe store of value (anymore) and institutions will take their money out and will drop it into something that does have true decentralization: Ethereum and other strong fundamental coins! I have been warning for this to happen multiple times, however I didn't expect it to happen this soon! Satoshi imagined miners across the globe and true decentralization and not a dominance of Chinese miners...
With this, I wanna thank Satoshi Nakamoto sincerely and from the deepest from my heart for his truly ingenious invention for a decentralized network called blockchain. I will keep one sat on my wallet just for him/her/them and today I will pop a bottle of champagne for the myth and the legend. Bitcoin is now dead but his mission is completed: he created the interest and ecosystem for blockchain and that will never die. We will be here to celebrate your forever! Thank you.
Just a little explainer what happened; we've seen a massive manipulation of the market maker here guys, this is a shake out and NOT the start of the bear market! They brought ETH back up close to the ATH, opened their shorts and dumped their full bag; the total market saw an outflow of almost 500 billion (!!!) in a half a day! That is a fast move, fake move guys, this is liquidating all those longs on BTC and ETH; I have said it many time
For BTC and the shitcoins; this is the start of the bear market, for the strong fundamental coins that provide blockchain infrastructure; this is the START of the bull market. That 1 trillion USD in BTC will now move towards these alts! I will update you in the coming days to see where that money will go... For now I'm already long on ETH but we have to wait and see what happens when Europe and the USA wake up; the paper might be selling but in my opinion this is NOT the time to sell as you are effectively selling the bottom. Yes, 3900 ETH is a bottom, can you believe it!? Ethereum is so strong. But (!) we have to see what the paper hands will do when they wake up. For all the people who bought shitcoins, your greed is in the hands of the market maker, us fundamental coiners say thank you because this money will be used to buy more ETH and other fundamentally strong coins.
It is time for the market to be out of the hands of Grandpa, he can rest now and the Chinese plan to crash our market has failed; the son of Bitcoin has taken over and with an deflationary ETH 2.0 we have a safe store of value / utility coin with a lot of adoption.
Thank you grandpa Bitcoin, we love you and your ideology will be lived on forever. <3
ETH profits going to coins outside top 10The top chart compares ETH marketcap vs marketcap of all excluding top 10 coins.
Bottom chart compares ETH marketcap vs marketcap of all excluding BTC and ETH.
You can see ETH profits are going to coins outside the top 10. Super interesting!
Buy MID SIZED coins between 1B to 10B marketcap.
