Here two signals that calls for attention. Inconsistencies between the Merge and bitcoin charts. The Ethereum Merge is the second biggest cryptocurrency by market capitalization. Not a real cryptocurrency as bitcoin because Bitcoin is a decentralized network with many incredible features. While the Merge is an amazing tool for sure but it is more centralized...
Deflationary assets - aka artificial scarcity - is a product of the mediocre mind. Exponential growth and real social progress comes from the idea of "growing the pie". It's weird how people don't use that phrase anymore since it has become such a foreign concept at this point. Bitcoin (and now Ethereum), NFTs, real-estate (both IRL and the metaverse),...
As some analysts have predicted, the public's interest in crypto/Web3 projects have shifted from proof-of-work over to proof-of-stake, following Ethereum's "merge" a few weeks ago. ATOM and ALGO in particular did very well this week (though it did level off eventually) as what seems to be a partial migration of crypto money flowing from one area to the next. The...
After Ethereum's "merge" this week, the crypto market continues to sag as a whole, unimpressed. One pattern we see emerging is that coins that have been proof-of-stake since the very beginning (especially ATOM and ALGO this week) have been performing very well relative to the rest of the market. (Coins to keep an eye on in the near future: XTZ, ADA, TRON, MATIC,...
Following this week's inflation report and the much-anticipated "The Merge" on Ethereum's ecosystem, the crypto markets took a massive dip - in particular, ETH itself. This is the classic "buy the rumor, sell the news" pattern as the hype towards the merge date neared, then the massive-selloff right after. But not all coins were in the red - COSMOS (ATOM) did...
ETHUSD Daily guidance is cautiously bearish. Recommended ratio: 25% ETH, 75% Cash. *After a successful Merge, Ethereum is now a Proof of Stake network... and in classic Crypto fashion, it appears to be going through a "Buy the Rumor, Sell the News" cycle. Cryptos, Equities, Futures, Commodities and the VIX are down while the Euro, US Treasuries and DXY are up...
The much anticipated "merge" has happened on the Ethereum network as of last night - so far there doesn't seem to be any major shifts, although if you're an ETH holder you may have noticed a sharp drop-off in price as of this morning. (The market is down as a whole, but ETH took a bigger hit than most, as of today.) This pattern can be seen pretty often in the...
$ETHUSDT is interesting, I've been bullish relatively vs Bitcoin for a while, but got out of my latest attempt at riding the pair trade in minor loss of 0.15% yesterday. I had secured some gains since my last publications before, and tried buying back after a dip. See related ideas for the last post. There is a lingering chance of forming a monthly uptrend in...
Lots of things happening in finance today. US inflation is at 8.3% (higher than expected with no end in sight), which tanked both crypto and the stock market at the same time. Goes to show that there's still a lot of overlap between the two right now. Also coming up is the much anticipated "merge" on Ethereum (going to happen some time this week, according to...
ETHUSD Daily cautiously bullish. Recommended ratio: 70% ETH, 30% Cash. * CPI WATCH . The Merge is currently scheduled to launch on Ethereum's Mainnet on 09/14/22 at ~9:40pm . Cryptos, Equities, Futures, VIX, Commodities, US Treasuries and the Euro are all slightly up while DXY is down today. All eyes are on the BLS August CPI report due tomorrow at 830am;...
ETH Daily cautiously bullish. Recommended ratio: 65% ETH, 35% Cash. * The Merge is set to launch on Ethereum's Mainnet at around 6pm on 09/14/22 . With the ECB raising central bank rates by 75bps and committing to more rate hikes in the near term, FFR futures traders are still betting on a 75bps rate hike by the Fed on 09/21. St. Louis Fed President James...
Primary Chart: ETH Quietly Breaks above Downward Trendline ahead of the Merge Could ETH be strengthening in the short-term ahead of its long-awaited merge event? After crypto market's devastating bear market this year, including the bankruptcies of some crypto firms, an upgrade to ETH's network is set to occur mid-September 2022. This so-called merge event...
ETHUSD Daily neutral with a bullish bias. Recommended ratio: 55% ETH, 45% Cash. * The Merge is scheduled for launch on Ethereum's Mainnet at ~1pm EST 09/14/22 . The Sixth Beige Book (of 2022) confirmed what has already been the theme for Fed speakers this quarter ; that we are likely to see slower economic growth in the near to medium term, the labor market...
The merge news (although bullish long term) may be a sell the news event for Ethereum.
ETHUSD Daily neutral with a bullish bias. Recommended ratio: 52% ETH, 48% Cash. * Today in an interview with the Washington Post , Cleveland Fed President Loretta Mester said that inflation hasn't peaked yet and that we still have a ways to go on raising interest rates but that we are "not in a recession right now"; she also mentioned that she expects...