Will $ETH flip $BITCOIN this bull run? Will ETF get approved by EOY? ETH EFT? BTC ETF? Which one gets approved first?
After breaking out of major descending wedge we've seen ETH going to 0.04624 vs BTC which triggered a small altseason. I think ETH is going for 0.06-0.085 area in the near term after BTC reaches major resistance. This could mean ETH could be ranging for a while since I think BTC is going to reach $55,000-$67,000 levels sometime soon. I also think that BTC might...
After blasting through previous targets () $EGLD is ready to accumulate for a few more days or weeks, while 'riding' the 4H 50MA for a bit before continuing up. Short term target: $305-$405 Check out fundamentals here: P.S. Sorry for not posting more frequently - My team and I are doing a lot of research to reconfigure alts portfolio. Not a trading advice.
With Bitcoin ranging and taking a break a bit, Ethereum is slowly gaining pace. I think we will see Ethereum rise by about 100% by April to $3000-$3800 area. I think then, we might see some significant pullback ($1800-$2300 area) before continuing upwards. Reasons why I think this will happen: Largest weekly close with breaking ATH. Hard fork - moving from...
Elron is still very early - it just crossed the 1 Billion Dollar market cap. Ridiculous low transfer fees, extremely fast and reliable, the project with the most active development in the crypto space. In development: Full interoperability with 5 networks, oracles with Chainlink and Band protocol + aggregating pool for CEX and DEX with Orion Protocol, Binance...
I won't go much into technicalities but more into project fundamentals. DeFi looks like it's going to explode in 2021 at only about a 30 Billion dollar market cap. It's basically in infancy. And for me, by the end of 2021, it could grow by tenfold. When it comes to AAVE, 3 billion dollars is locked into AAVE alone - It's the largest crypto DeFi project by...
Strong DeFi project. API3 (125 Million Market Cap) - ChainLink competitor. (8 Billion Market Cap). Held up really well against ETH & BTC during this dip. I can see it going 400-500% from these levels in the coming weeks. Not a trading advice.
Next to the $SNX, $INJ is probably the second strongest derivatives project. Still at relatively small market cap of $136 million compared to SNX which is about 1.6 Billion $. Plenty of room to grow. Backed by Binance and other well known investors, Layer 2 speed, unlimited markets (forex recently added) and zero gas fees. 30D vs. USD - 203% 30D vs. BTC -...
We might see SNX correcting to 0.5 or 0.618 of this bull leg before advancing to $24-35 which is 1.618 to 2.618 fib levels. In my opinion SNX is primed to be the number 1. DeFi project just because investors can trade derivatives (multi-trillion to unknown overall market value, possibly quadrillion) Remeber, current DeFi market cap is (ONLY) 33.2 Billion...
AAVE gained 100% in 5 days last week. It's ready to gain another 100%, in a very short time period. Most probably next week. For me, mid-term target is at least $1000 where I might start taking some profits. Not a trading advice.
Counting days to $19-20 Polkadot. For me, $100 is very conservative for 2021. Not a trading advice.
Ethereum is attempting to break out of descending trend vs. Bitcoin which started in 2018. If successful, I can see Ethereum going to 10% of Bitcoin value in the Q1 of 2022, while at the same time I think that $100,000 BTC by the end of 2021 is very conservative view - IF bullish sentiment continues. Then we could see ETH at least 10,000 - My personal opinion...
I'm looking at bullish cross between 50 and 200MA with descending wedge top trend line cross as a confirmation to 30% gains to 45000 levels. Falling below 30k would invalidate the idea = bear market. Not investment advice.
The current formation looks very much like the 2017/2018 crash and the dot com bubble crash as well. There is no safe zone really at the moment since I think BTC is going to range in a descending triangle and will retest 30K support 2 or 3 more times. For me, if it breaks below 30k levels, it's a clear sign that the possibility of a bear market starting is...
I will have audacity to predict ETH in the next near term. 1. Elliot Wave no. 5 - Retest $1300 - $1350 2. Elliot Wave A - Retrace to $1100 - $1250 3. Elliot Wave B - Retest $1200 - $1250 4. Elliot Wave C - Retrace to $1000 - 1100 Possible descending triangle forming. Accumulation done.
We see that on a 4h timeframe, ADA is about to form double top pattern after which we'll be looking at support levels $0.20 - $0.24 to buy again. If my other 2 ideas play out as I think they most likely will: Unsustainable 500 Billion Growth in Only 2 Weeks - Sunday BTCUSD Correction - We're about to see some nice correction which was waited for before...