eth leaving out of ANGER wall street cheat sheet MUST WATCHeth is starting to show signs of capitulation on 4hr time frame . I love the 4hr because it can be a great tool to really see how the market is moving .. i see eth possibly coming back to 1275 area or higher before the next "big" drop
like or comment on the idea tell me what you think
Ethereum (Cryptocurrency)
Bitcoin $20,000? Almost there. Only Mar 2020 matches this biasTraders,
First off, congrats to all those who have shorted this market! You've done well. This is a market only for the most experienced amongst us to trade! And even then, it is extremely difficult. I am admittedly not good in a bear market which is partly why I have put everything on pause at the moment. I am mostly in cash with the exception of my long-term holdings which are at least earning me some good APY.
Today we are going to zoom out a bit and look mainly at the charts from the weekly perspective. They may be telling us more about what's to come.
-Stew
Bitcoin, and general crypto, with PARABOLIC drops!Hey traders!
Cryptocurrencies like Bitcoin, Ethereum and pretty much everyone else have begun weekend parabolic drops yesterday, we fully expected this after the CPI reading which means that rates will be rising faster and stronger in the near future and this is probably going to have a negative, very negative, effect on cryptocurrencies.
The video explains why we believe crypto will be dropping and goes over a live trade too!
Hope it helps!
Why is Crypto Crashing? Is Celsius Insolvent?BIG NEWS out this evening of June 12, 2022. Celsius, a leading crypto lending platform, has halted withdrawals. Historically, this is a sign that a platform is fearing a "bank run" scenario and is willing to sacrifice customer trust to maintain financial solvency. Rumors have been swirling this week but now it is confirmed.
In this video I share what this has historically meant and share my opinion on what I think investors should be watching.
The financial news tomorrow will no doubt cite this news as the "reason" for the weekend crash... but Technical Analysis was clear going into June that crypto was in a bearish cycle and major supports were already breaking.
Proof-of-Stake Makes Their Move: Is Bitcoin In Trouble?This might be somewhat of a controversial take, but for a while I've been warning that Bitcoin's long-term prospects may be in trouble - a lot of it has to do with how the coin's community distanced itself from utility and business cases and leaned hard into the "store of value" idea during last year's hype.
- The idea of "store of value" applies to all money and is not really a competitive advantage: all coins store value by default.
- Bitcoin's block size limitation and efforts to make improvements on the protocol have largely been thwarted by the mining community who prefers the scarcity model and don't want things to change.
- Bitcoin failed to rise in response to inflation like gold did: the "Bitcoin is good for inflation" thesis did not pan out in the last few rallies for alternative assets.
- Bitcoin's recent attempts at defending their interests through the political system (Brad Sherman vs Aarika Rhodes, El Salvador) isn't getting the results that many of its supporters hoped for. And more people are starting to realize that its governance processes and scaling solutions are done off-chain - which clashes with the idea that the coin is completely decentralized.
- Despite its attempt at differentiation, the data suggests that people buying stocks and people buying Bitcoin are often overlapped heavily, ever since it became much easier to acquire crypto assets through mainstream sources. Bitcoin's name-recognition may end up hurting them in the long-run since it's likely to go down with the fiat market as a whole.
As inflation remains high (a record 8.6% in May in the US), the financial industry is starting to talk more about interest rates - during recessionary times people tend to favor reliable interest returns rather than speculation plays. As a result of this we see that crypto coins that offer staking rewards (Tezos - XTZ, Algorand - ALGO, Cardano - ADA; soon to be Ethereum - ETH and Chainlink - LINK) are starting to gain some momentum.
Given that the banks have been hesitant to raise interest rates on their savings mechanisms (though they don't seem to have any problems raising interest rates on your mortgages/loans lol) the value that proof-of-stake coins offer in DeFi have started to look much more appealing. If these trends continue, the "flippening" may be sooner than we thought. (But not in the way that most thought it would go down - it may not even be Ethereum, if the merge doesn't go as planned over this summer.)
XTZ Beats Everything Again: 3 Reasons WhyTezos (XTZ) broke from the pack yet again today, outperforming most major coins despite today's downturn in the overall markets.
- Fork-less upgrades and on-chain governance models on XTZ provide tangible solutions to a lot of the issues the crypto industry is going through right now, especially in DAOs.
- Recession talks are getting more people into a savings mindset - and Tezos' accessible and competitive rates (4.6%) makes it very appealing for crypto holders to convert to.
- The interest in NFTs from artists and art collectors are starting to migrate over to chains like XTZ ever since gas-fees started to get out of control on the ETH ecosystems - time will tell if the Consensys "Merge" in August will have developers and artists return but for now, Tezos and other layer 2s are taking advantage of the lull and pulling ahead.
Long-term investors look for projects that seem to thrive during the "tough times", and it seems like XTZ is performing exactly right now. It's a project worth paying attention to, either way. 🚀👨🏻🚀🛸
Elliott Waves: BTC, ETH and Ripple are looking for lower supportStocks made some nice bounce recently, but cryptos are not following higher to the same degree. In fact, we see triangle pattern on a crypto total market cap meaning that there can be another low coming before this market may potential stabilize. There is a chance for another dip on ETH, BTC and XRP that I will cover in our next video.
However, technology sector, the NASDAQ100 is making some nice reversal from the low. The only question is if cryptos may bottom with a delay.
Enjoy the video.
Reasons for Crypto-Optimism During the Next RecessionMade a list of a few things for crypto holders to be optimistic about the recession/depression about to unfold in the global markets right now.
- Crypto's market cap is less than 1% (possibly even less than 0.1%) of traditional stocks. If the stock market goes down,
- Banks are taking their time raising interest rates on savings accounts while pushing mortgage and loan rates up at the same time. This will make staking rewards (XTZ- 4.6%, ETH - 3.65%) look appealing.
- The 2008 recession coincides with a period where tech companies (Apple, Google, Facebook, Microsoft) took over the charts of the Fortune 500. We're likely to see a similar thing happen again - crypto is the industry most positioned to be in that category right now.
- Ponzi schemes exist in traditional markets too, and we're going to see Bernie Madoff-esque figures emerge as the market starts to dip. Madoff was able to keep his racket going for over 20 years just because the stock market kept on going up and up. When that stops, the scams will too. (Many of these practices have been "legalized" in the finance worlds at this point, but it won't change the fact that people will lose money and there will be a backlash against that.) This will further erode trust in the traditional markets as a whole.
People generally don't do research unless they're forced to, but the economic slowdown may force a lot of people to look further into the details out there. This generally works in favor of crypto assets since what they offer now is just a better deal for most people out there.
BTC and ETH trading lower as US shares fall on inflation concernThe US remains focused on economic numbers and whether a slowing economy can offset higher inflation. Expectations are if data releases fail to meet analysis consensus, then we may see inflation peak and therefore a less aggressive US Fed Reserve towards interest rates. This would bee seen as a positive for shares but I suspect only in the short term. US employment data came out stronger than expected and weighed on the US into the weekend as the USD pushed higher and US bonds lower.
Bitcoin and Ethereum remain heavy and gave up recent gains as fast as they were made...prices now pushing down into major lows.
The general trend for major Indexes remains down with the the USD in the driving seat....continuing to be careful into shares as prices could continue the trend lower.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
📊weekly overview of crypto market(May 31,2022)📊What sup GUYS!? ✌️
- in this overview I analyzed both 'Bitcoin' and 'Ethereuem' situation and the possible scenarios
BTCUSD :
ETHUSD:
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
Risk/Reward Tutorial - The Holy GrailThe traders who learn to view and think about trade setups in terms of risk/reward are the ones who end up making consistent (albeit massive) amounts of money.
My personal strategy looks something like this:
Using the 4-minute chart as the earth rotates 1 degree every 4 minutes.
𓃭 0.50% stop-loss measurement
𓃭 1/2 profits at 1.30% level and move stop to break even.
𓃭 2/2 profits at 1.50% :: (or 1.70%)
𓃭 Wait to enter trade at the previous 2nd candle base break up/down and skip trades that are in consolidation where the direction is not 100% clear.
Keep in mind that my signals are so precise (indicating near exact future pivots) that I am able to use such a tight stop-loss, but this wont necessary work for the average trader. This video is merely meant to serve as an example of how to work out ratios for yourself.
Knowing when not to take a trade is just as important as when to take a trade. Don't enter a trade if you are not confident, as it will only damage your equanimity. Don't let greed or fear destroy a good thing. Those emotions + impatience and lack of self-discipline are obstacles that prevent 97% of novice traders from ever succeeding in maintaining a long-term professional career.
You should be operating as any casino or business would, do not gamble with your business.
At the same time, allow yourself to make endless mistakes with ease and grace, knowing that if you want to succeed baldy enough and you never give up, you will find a way to realize your dreams!
Mistakes are a right of passages. Excruciating lows and euphoric highs are what everyone experiences on the road to success.
The 97% will give up along the way or never even attempt to begin with.
Proof-of-Stake Coins Are Now Winning Web3. Can Bitcoin Survive?Along with the "decoupling" event that happened on Friday, Ethereum's announcement of the ETH2/Consensys/Merge coming up in August is likely to create some waves in the crypto space as the date approaches - not only will it affect the ETH ecosystem itself, there's a chance that it could have significant ripple effects on the tokens minted on top of it as well.
Over the years there has been, however, a general trend towards Proof-of-Stake systems gaining more favorability, especially among DeFi projects - because of its greater efficiency and ease of use. After the merge, Bitcoin may be the only project left on the charts that is using the Proof-of-Work model - what does this mean for Web3 and crypto spaces longer term?
BTCUSD are we close to seeing some direction? Hello TradingView community, today’s video update focuses on BTCUSD as price remains fixed in a pennant consolidation pattern.
With the Medium-term trend and possibly the longer-term trend lower, you could lean toward this being a potential continuation pattern, but as noted in the video, we defiantly think it’s essential to wait for a clear breakout before thinking about picking a direction.
Short term Support 29,000
Short term Resistance 30,300
This pattern can also be seen on ETHUSD as well, and we’re also keeping an eye on that coin as well.
Good trading.
Market Update - FTM looking better - Ethereum in DangerHi everyone,
this is a short video of our analysis and charts.
Given the circumstances, Bitcoin is rejected at 30,000 and does not seem ready to break higher:
Ethereum looks even worse:
whereas FTM is the chart we find more Bullish and promising at this very moment:
Keep in touch and keep your eyes and minds open for what is coming soon... it is HUGE!!
One Love,
the FXPROFESSOR
Bitcoin and ETH could fall over and create carnage into IndexesShare markets continue to chop around the lows with bulls trying to build a base to drag in more reluctant buyers. Inflation and rate rise concerns continue to weigh on markets as the Focus is on economic numbers. If the data shows the start of a slowing economy while inflation remains strong...we could see some serious selling into share markets.
The general trend for major Indexes remains down with the the USD in the driving seat....continuing to be careful into shares as prices could continue the trend lower.
BITCOIN and ETHEREUM remained trading around recent lows. Prices seem to be consolidating the lows which may not be a good sign for bulls. If the share markets can not engineer a rally from current levels then BTC and ETH could start to move lower as bulls get impatient and are forced to close longs.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
ETHUSD and the indecision Phase..The sideways movement across ETH and other Cryptocurrencies represents the slowdown after the large fall..
Often this happens because market moves SLOW down and Traders on the opposite side move in, creating more of an equalibrium.
Ultimately, News sentiment causes a larger move to Change the direction. This is why you need to be on the RIGHT side of the trade BEFORE it happens that way.