Commodity : ETHEREUM
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-4 weeks
Investment in trade : 15% of the total Trading Balance.
Prospective...
As you may be aware, the Constantinople Hard Fork on the Ethereum blockchain has been implemented. So, lets see how traders reacted to this implementation…*crickets*. This could be one of those ‘buy the rumor sell the news’ type scenarios. What you can see in equities markets, is when a positive catalyst event emerges on the horizon, there is some anticipatory...
So tomorrow ETH Constantinople Hard Fork is happening which should increase market volatility as usually it happens during most of the major forks. Currently in 4h chart ETH is in ascending triangle which suggests for continuation of a drop if it breaks the line. Since Bitcoin had a big leg down recently, and it is expected to have another one - the market...
BITFINEX:ETHUSD
BITMEX:ETHH19
BITMEX:ETHUSD
COINBASE:ETHUSD
BITSTAMP:ETHUSD
The "Constantinople Hard Fork " is closer than ever, scheduled for release on the 28th, this week on the Ethereum network. However, there is still much confusion and even misinformation about the nature of the supposed fork.
Constantinople is part of the Metropolis project, a...
On January 4th, we wrote a speculative trade piece for the January 16th Constantinople Fork. Today we will aim to replicate those trade ideas for the second attempt of the Constantinople Fork Implementation. According to the core developers, the fork will become effective on block number 7,280,000, which should occur on Feb 27th. When looking for opportunities...
It's getting real! Bulls vs Bears special.
Please join in and let me know what you think, $190 or $80? comment below! Let's discuss.
With Constantinople day upon us, I saw two possible scenarios here.
This can also be a useful chart to keep or bookmark as it labels the current key resistance and support zones and corresponding fib. levels with prices.
If we...
Looking for a confirmation on a short play on the 4hr ETH/USD chart.
For confirmation we need a short term uptrend from now to 15 Jan to validate this short play (At least $5+ in price action terms - depending on your exchange).
I would ladder shorts very widely (with the hype train in mind) all the way up from $129.50-$146 and set a stop at the $147-$150 range,...
With Ethereum Constantinople hard fork coming this month, ethash hash rate will very likely be moving to more profitable coins to mine. ETP uses ethash.
Can't wait to see how this plays out.
Reasons why I think these are the scenarios:
ETH/USD is in a clear cut bearish downtrend but there is three hard forks including the Constantinople upgrade of the Etherium blockchain.
Notes
ETH failed the break the trendline again and bulls look a little exhausted.
There is currently nothing to show in the TA there...
Have to see how this plays out but ETH/USD on the 2 hour chart looks to be a carbon copy of itself before the last retrace happened.
The Constantinople hard fork of Ethereum on Jan 16th may disrupt this - or maybe this is the last drop before that.
Overall the market is still bearish and shorting is the safest move currently.
Project Metropolis for ETH
Stage 1 - Byzantium - Oct 16, 2017
Stage 2 - Constantinople - Jan 16, 2019
Previous action during stage 1 upgrade
On Oct 12, 2017, ETH had a price spike from $302 -> $346, with a significant increase in volume starting around 20:00 (UTC -8:00), and with the peak around 11:00 the following day, roughly a 15hr time frame. 24hr volume...
If this forms correctly and price goes up, it will also complete the IH&S formation later on during the weekend and will mean more upside paving the way to Constantinople
Ethereum is sitting on strong historical support vs. BTC and is exhibiting bullish divergences in both momentum and volume.
With the upcoming Constantinople hard fork, which is reducing the block reward from 3 to 2 Eth, Eth may rally into the event after months of downtrend vs. BTC.
As is indicated via the chart, Ethereum rallies vs BTC (eth outperforming btc)...
Please don't trade based on my technical analysis alone. This is only meant to provide you with new ideas and new insight to improve your own unique approach to trading. I don't expect to accurately predict what the price will do. I just enjoy imaging different scenarios that could happen. Enjoy!
This is just a quick update on ETH. If you don't know, I'm very...
The attention of the Ethereum community has been massively focused on the upcoming update called “Constantinople”. This is a huge step for the Ethereum blockchain, as the Constantinople was meant to bring a variety of upgrades, which were expected and needed. On 13 October 2018, Constantinople was put on the testnet, but failed to work.
While it is unclear if it...
