Disclaimer Please see chart for all text. This is not financial advice, this is a mix of intuition and experience breaking down the movement and chart. As a rule of thumb, trend analysis and chart work is all bullshit, period, end of discussion, no arguments allowed. In a similar way that the only gods are the ones man makes, the same for these chart patterns. There is no guarantee at all that any trend or channel is real. We are in a world of pure chaos, and attempting to "tame" or predict the chaos is foolhardy. Still, humans obey rules, even if they don't realize. I hope y'all can gain anything from this type of analysis, but my usual deep dive into the asset is coming soon for Ethereum!
I own like $20 of ETH on coinbase, no other cryptocurrency at this time of posting (7/14/21). This is mainly because I do not currently trust any cryptocurrency exchange and don't really have the financial ability to invest heavily into cryptocurrency right now (nor can I rightly suggest doing so as it is clearly being manipulated in strategic methods).
This is a repost from another Ethereum page, TradingView needs to figure out a way to condense listings of the same assets.
What about a cold wallet? And small investments over time?
DoctorFaustus
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@CptGhost, I really want to get into analyzing wallet transfers, I think a real time network showing massive to small transactions showing the flow of the asset is super critical, and super interesting. Never before has a monetary system allowed such an in depth psychological analysis of the greater economic/monetary network.
However, I don't really have too much computer science skills, I do data analysis in excel/google sheets (and programming so my algos are super long and wonky but they work!). My current plan is to get rich, hire my friends who are comp scis to set all this up for me and just enjoy the data, but I am a long way off.
Barring downloading the data, formatting it in excel and looking for these micro-trends, I have to work with the macro and just guess. I also rely on others analysis of some of this stuff as I don't know how to get the data for exchange-transfers into defi protocols, and such.
All I know is that Bitfinex seems to have gone from a minor exchange, to one of the largest sources of cryptocurrencies, likely all phantom.