Ethereum made new all time highs and will retest the breakout before continuing on the road to 1800 and then 3000
I expect a full retracement of the initial market market dump from 42k. The ascending wedge would need the following to validate: -Large Bitcoin/Asset inflows to Centralized Exchanges. -Decreasing volume -Funding Rates -Option expiration
Ethereum has seen an impressive run toward the previous ATH. A few things can occur here. 1. This consolidation is more accumulation and will move up rapidly to the ATH ($1400). Sellers will need to become exhausted between 1050-1250 in order for this move to occur. I watch Ethereum inflow to exchanges to determine the severity of a move down. If I see any...
ENGBTC has awake from a deep slumber. I am a bit late to posting this chart, but I opened multiple trades from 3k-4.5k SATS and will be looking to sell around 7-8k SATS. Things to note about ENG -Private Computations -Intel Partnership -Proof Of Stake Network -Secret Smart Contracts
The cryptocurrency market is at an interesting inflection point, while the technology is vastly improving and making ground in gaining users and adoption, a large sum of market value is tied up in projects/networks that are never used beyond trading based purposes. As these markets dry up, value will drop as individuals/market participants look to extract what...
We have seen Ether climb from $100 up to $350 since the start of 2019. This move signaled the end of the 2018 bear market and sell off. However, that doesn't mean it is a straight path to new All Time Highs. I am looking to enter multiple long positions as Ethereum returns to the trend average. The first position was entered at 270 and is 20% of my maximum...
Cardano Cardano Cardano. A potential ascending channel could keep ADA from falling much lower than current prices. The project is moving a long and no red flags or green flags appear, thus I believe the current slow upward trajectory makes sense. I opened a small position at current levels and will be looking to add at key levels below.
After sky rocketing from $4 to $40 over the course of 7 months is a testament to the confidence the market has in Binance and its dominant position in the Cryptocurrency market. However, I think the tides are turning. With Binance withdrawing from the United States at the start of September, I believe we will start to see individuals selling their BNB(and other...
General Ideas of movement. Upside is there be cautious. Set Stop and Take profit properly. Manage your risk.
Looking at this as a possible movement downwards. Overall market is bearish and i could see some strong moves as we head towards November.