Ethereum (ETHEUR) consolidates before next big moveOnly for educational purpose
After a big move it is currently consolidating .
Once it breaks the level ,upper level can be easily achieved.
ETHEUR trade ideas
To the Moon! (and back to Earth)Hello, as Crypto market is about to make new ATH´s or partially already is doing so, i present to you my Market Top Prediction for the next Leg up for Ethereum.
I chose the EUR pair because USD inflation f*ck´s up the Charts.
This Fib setup indicates the top being arround 12500.
Lots of people seem to eye 10k to sell, so there may be another little bulltrap to my target of 12500.
Im suggesting start selling partially as soon Eth makes new ath´s (like every 20% a little) with major sell´s arround 10k
As i think crypto is overrated in it´s current state with 99% of coins/token being cash grab´s and Btc not keeping its promise of a E-cash system (scaleability) i project an insane crash afterwards.
A lesson from 2017: Sell when everybody is talking about crypto (like when theres a article in every medium about btc/crypto) aka when you grandma ask´s you if she should buy some Btc.
I expect this to happen in the coming month´s, with top being likely once again in December.
DYOR.
ETHEREUM UpdatesGood rebound of Ethereum, which follows Bitcoin after the violent return to the 200 average which from May to July pulverized about 50% of the value.
Ethereum, as I have already analyzed several times in my articles, has, in my opinion, more "room" to grow for the future, supported by the words of big banks and investment funds, that is, those that we small investors must follow.
From a graphical point of view, the € 2000 threshold has been quietly broken, as well as that of € 2200.
Today, Ethereum is € 2582 and the bullish impulse is really very extensive; I see very likely profit-taking and a pullback in the Fibonacci 382 zone and then resume its rise.
The target is obviously the all-time high of € 3600 reached last May. With crypto volatility, it is possible that it will also happen by 2021.
As usual some references:
If the price were to undergo a pull-back, the interesting levels to increase the positions are 2262 (coinciding with the 382 Fibonacci level) and the 1416 € level tested 3 times between March and July.
Medium-term targets:
€ 2800 (Fibonacci 618)
€ 3000 (psychological threshold and important volumetric level)
€ 3600 (all-time high and start of the May sell-off)
Ethereum cup and handleEthereum could be creating a huge cup and handle pattern on weekly chart. The beginning was on the top in January 2019.
Ethereum: Golden buy opportunity close at hand?While the sentiment is bullish, I see low strength and an expanding triangle pattern that makes me feel bearish. If this plays out it's a great opportunity to get some ETH imho. We'll know it very soon I think. Careful everyone.
etheur ethereum forming Bearish Butterfly PatternBearish Butterfly Pattern is formed in Ethereum charts.
Most posibly the crab market will continue till EOY with other dips below 1500
Covered DIP Buying - An economic sleight of handSo, I have some coins I bought in the big dip, that have remained underwater since this latest dip. It has been annoying me.
Like many others, I don't like selling for a loss. But it's such dead capital, and it seems they are a little too high to regain their old levels any time soon, so they just sit there annoying me.
I could DCA, but that is quite frankly a sunk cost fallacy problem and I think they are both pretty overvalued. I only like to DCA on undervalued stuff, because you are improving your deal even further.
But anyway, while the crypto market is 20-30% down across the board I thought I'd finally get out of these two (OMG and ETH).
Simple sleight of hand at a new bottom if you have a little bit of spare capital.
Re-buy the same AMOUNT (quantity) of the coin at the new bottom price.
You have got a DCA if you so choose OR wait until the market recovers a bit and sell the more expensive pile after it recovers a certain amount.
Voila, it is as if you sold out of your position during a big dump, and bought into the bottom again, but slightly less stressful.
To be clear through example.
I bought 0.06 Eth at 2100 EUR for 126 eur a month or so back.
I just bought 0.06 at 1580 EUR for 94.8 eur yesterday
I would expect to easily be able to resell (my 0.06) for at least 2000 USD, or about 1750 USD, or 105 eur.
This is the inverse of selling on the way down and buying back in at the bottom.
(Bought 0.06 at 126 euro, sold at 1750 euro for 105 eur, and then bought the bottom for 94.8 ... thus winning 10 euro)
To be honest, I mainly want to get my shit off of Uphold because it is expensive and useless, but this seemed a useful mental trick.
Crypto Bubble Burst ScenarioHi, i believe Cryptocurrency is overrated in its current state, every sh1tcoin has Multimillion/Billion market caps and that makes me believe that we are in a bubble which sooner or later will not end well.
Question for me is only when does the market realizes that not every shitty coin is worth millions. (This realisation will likely take good alts down too)
I see alot of similarities with the Dot Com Bubble. Only difference its not about .com url but "blockchain". "Startups" in the blockchain Industry get insane Marketcaps without having delivered a Bulletproof project with real use cases.
When bubble bursted ill try to pick up the "amazon"´s in the crypto space which really have a Future.
Longterm im bullish on Decentralized Stuff but its just not the time yet.
To be clear i dont know when this will happen, its hard to time the market. The chart above is just a Scenario of many.
As long 30k range holds im shortterm bullish and think this bullrun could go on, doesnt change my mind about crypto being a "bubble", atleast in its current state.
Trade safe and DYOR
Have a nice Day =)
Have we found a new bullish uptrend?With EIP=1559 now successfully installed to all testnets we await the full launch of the London Fork to mainnet taking place at block 12,965,000 on August the 4th, this is long awaited update as it is part of a progressive move to POS and hence in my opinion it would be nice to see an uptrend from here, seeing the bounce today has given me hope we may have found a bullish uptrend, time will tell if I am correct, but there is nothing wrong with smoking a bit of hopium :-)
ETHEREUM- Buy Now or at 1285 euros ?The explosion in bitcoin and cryptocurrency prices has catapulted digital assets into orbit this year, with the crypto market's performance demanding Wall Street's attention.
Bitcoin's rally, adding almost 300% to the bitcoin price over the last 12 months, has been dwarfed by Ethereum, the second-largest cryptocurrency after bitcoin by value. The Ethereum price has added some 800% since this time last year.
Now, as those in the cryptocurrency industry try to forecast the market's direction, analysts at Wall Street giant Goldman Sachs has predicted Ethereum has the potential to eclipse bitcoin in the coming years—and warned the extreme crypto price volatility means it can't compete directly as a safe haven asset like gold.
Ethereum's ether token "currently looks like the cryptocurrency with the highest real use potential as Ethereum, the platform on which it is the native digital currency, is the most popular development platform for smart contract applications," Goldman Sachs researchers wrote in a note to clients this week, first reported by Business Insider .
The future looks great for Ethereum, despite the competition of Cardano, which remains my favorite project.
Take a look at our chart, with a simple demand zone and an all time trend line.
Buy now or at 1285?
ETHEUR Short term upThis is my first idea and I would like to keep it simple.
ETHEUR is on 200 daily EMA and on support line (which was previously resistance)
On 4H timeframe there is a bullish divergence (the price is making lower lows and the RSI shows higher lows)
So, in the short term I expect the price to go up.
Targets:1900, 2100
Please share your thoughts
Disclainer: This is not a financial advice, it is just an idea that I would like to discuss.
ETHEUR in MA BandETHEUR is holding strong above the 200 day moving average, around the 61.8% fibo level. The pair is still bullish and with Bitcoin still being adopted by the mainstream masses the crypto market is set to boom.
Approche des 2135 €...Support : 2135 €
Résistance : 2300 €
Rebond probable en direction des 2300 après test des 2135.
Invalidation si baisse en dessous des 2100 € (la baisse pourrait être encore plus importante dans ce cas là)
Methodology overview & four (4) important indicatorsHere is a brief overview of the methodology we use.
You can also see four (4) main indicators.
F. Normandeau
for ADX-BRIEFING
Hey Guys! Look It's ETH-Teary-ummm More Moon? LOL 😭👨💻😈🔝Gurus will lead you to the slaughter and may not even know it themselves I have said plenty read and study. Look at the past to make sense of the present nobody knows the future only what has happened and what is unfolding now. lol
#SlayOn
P.S. Prepare Yourselves 4 Pride Obliterating Price Discovery (Not Advice Just A Delusional Ding,Ding) 🤤
#TheyBuyLambos 😂 #lambo? All this time I have been saying #LandThough 🏞🏠🏘 LOL
What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!" Or am I really the only person that's down to pull profit and even short a lot??? LOL No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO" Bra
"KEEP CALM AND MANAGE THY RISK!" 🤓
I am The Coin SLayer 😈👨💻 💎👐 Keep hating lol 🍾🥂 But the 🐻feast on the cattle 🐄
ETH EUR 4H Chart --> Uptrend continuationFor the next few weeks, we will see some bound PA in the Asymetrical rising triangle.
Potential break on the upper side will cause retesting of the higher Pivot points.
Bearish Bat Pattern on the ETH-EURBearish Bat Pattern on the ETH-EUR weekly chart.
Could we see ETH at sub 1k in the near future?
share your thoughts below.
