I expect a full retracement of the initial market market dump from 42k.
The ascending wedge would need the following to validate:
-Large Bitcoin/Asset inflows to Centralized Exchanges.
Ethereum has seen an impressive run toward the previous ATH.
A few things can occur here.
1. This consolidation is more accumulation and will move up rapidly to the ATH ($1400). Sellers will need to become exhausted between 1050-1250 in order for this move to occur.
I watch Ethereum inflow to exchanges to determine the severity of a move down. If I see any...
ENGBTC has awake from a deep slumber. I am a bit late to posting this chart, but I opened multiple trades from 3k-4.5k SATS and will be looking to sell around 7-8k SATS.
Things to note about ENG
-Proof Of Stake Network
-Secret Smart Contracts
The cryptocurrency market is at an interesting inflection point, while the technology is vastly improving and making ground in gaining users and adoption, a large sum of market value is tied up in projects/networks that are never used beyond trading based purposes. As these markets dry up, value will drop as individuals/market participants look to extract what...
We have seen Ether climb from $100 up to $350 since the start of 2019. This move signaled the end of the 2018 bear market and sell off. However, that doesn't mean it is a straight path to new All Time Highs. I am looking to enter multiple long positions as Ethereum returns to the trend average.
The first position was entered at 270 and is 20% of my maximum...
Cardano Cardano Cardano.
A potential ascending channel could keep ADA from falling much lower than current prices.
The project is moving a long and no red flags or green flags appear, thus I believe the current slow upward trajectory makes sense.
I opened a small position at current levels and will be looking to add at key levels below.
After sky rocketing from $4 to $40 over the course of 7 months is a testament to the confidence the market has in Binance and its dominant position in the Cryptocurrency market.
However, I think the tides are turning. With Binance withdrawing from the United States at the start of September, I believe we will start to see individuals selling their BNB(and other...