Using history as a precedent: bear in mind that circa Q118 (when BTCUSD was at its ATH) of roughly 23$K est. USD; ETHUSD was at 1300. Meaning 10% of the price with 1/8th the market cap.
Why is it when we retrace with a higher high at 10K we are looking at ETH at a staggering $150 est. on avg?
Some of you might've heard about ETH 2.0; some maybe not.
Why this is relevant is pertinent to how the cryptotrading game & market indicators will determine the priceaction of our entire 'way of life' moving forward.
So if you've heard about ETH 2.0 [I will follow up with an oped on medium or steemit or something..perhaps YT as I"m still working on getting that up) -- I highly suggest you read up on it.
Needless to say it's not something I can explain in a short TV publication.
What you need to one is one key fact: hard forks -- particularly those on top 5 market cap tokens/coins, esp. one as consequential as ETH (for without ethereum there would be no coinmarketcap; change the course of everything we think we know about a token & where they're headed.
So this isn't so much as a forexsignal; moreso a prelude to a much larger discussion on the value of smart nodes/contracts, why ETH is just as safe (IMHO) to bet your money on for a SUPERLONG portfolio in a cold storage wallet somewhere...and why I firmly believe the end of 2020 ushering in 2021 is going to be a massive year for ETH.
Stay tuned for more!
Yet in the meantime; those of you who are swing trading -- 'ive provided horizontals for TP 1-3 with TP2 (blue) being the pivot & as always: the main horizontal: red == stop-loss
Personally I don't have an exit point, just a stop loss at all times as ETH is one of those tokens that will never leave my portfolio (short/long/forex/store of value) for the sheer simple fact that it is quintessential & the overall coinmarketcal's existence is conducive to ERC20 smart contracts & the pivotal doors they've provided access to.
The majority of your favorite tokens (there is a distinct difference between a coin & token...if you don't know that much I suggest you read up on that as this discussion is not intended for novices) were formed under ERC20 smart contracts using API nodes created by Vitalik.
Long story short: ETHUSD is not going anywhere but up for the long term future of cryptotrading. I'd highly suggest you look into it. ESP. ETH 2.0
Peace & Love
-Ahmed T.
Disclaimer
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP , SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
Certain information set forth in this presentation contains “forward-looking information”, including “future oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; ( iii ) the expected development of the Company’s business, projects and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; ( vi ) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; ( vi ) renewal of the Company’s current customer, supplier and other material agreements; and ( vii ) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Why is it when we retrace with a higher high at 10K we are looking at ETH at a staggering $150 est. on avg?
Some of you might've heard about ETH 2.0; some maybe not.
Why this is relevant is pertinent to how the cryptotrading game & market indicators will determine the priceaction of our entire 'way of life' moving forward.
So if you've heard about ETH 2.0 [I will follow up with an oped on medium or steemit or something..perhaps YT as I"m still working on getting that up) -- I highly suggest you read up on it.
Needless to say it's not something I can explain in a short TV publication.
What you need to one is one key fact: hard forks -- particularly those on top 5 market cap tokens/coins, esp. one as consequential as ETH (for without ethereum there would be no coinmarketcap; change the course of everything we think we know about a token & where they're headed.
So this isn't so much as a forexsignal; moreso a prelude to a much larger discussion on the value of smart nodes/contracts, why ETH is just as safe (IMHO) to bet your money on for a SUPERLONG portfolio in a cold storage wallet somewhere...and why I firmly believe the end of 2020 ushering in 2021 is going to be a massive year for ETH.
Stay tuned for more!
Yet in the meantime; those of you who are swing trading -- 'ive provided horizontals for TP 1-3 with TP2 (blue) being the pivot & as always: the main horizontal: red == stop-loss
Personally I don't have an exit point, just a stop loss at all times as ETH is one of those tokens that will never leave my portfolio (short/long/forex/store of value) for the sheer simple fact that it is quintessential & the overall coinmarketcal's existence is conducive to ERC20 smart contracts & the pivotal doors they've provided access to.
The majority of your favorite tokens (there is a distinct difference between a coin & token...if you don't know that much I suggest you read up on that as this discussion is not intended for novices) were formed under ERC20 smart contracts using API nodes created by Vitalik.
Long story short: ETHUSD is not going anywhere but up for the long term future of cryptotrading. I'd highly suggest you look into it. ESP. ETH 2.0
Peace & Love
- TradingView / Stocktwits / Twitter / Linkdin / Steemit / Medium / IG (crypt0wizmt) / Steemit2 (crypt0w1zmt) ++ (YT coming soon!) stay tuned!
-Ahmed T.
- -@a1mtarabichi
Disclaimer
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP , SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
Certain information set forth in this presentation contains “forward-looking information”, including “future oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; ( iii ) the expected development of the Company’s business, projects and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; ( vi ) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; ( vi ) renewal of the Company’s current customer, supplier and other material agreements; and ( vii ) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Trade closed: target reached:
TP3 Target reached on Shortsignal (despite the publication being LONG) -- read above if you're confused.
