My Biggest Buy Ethereum 14 September 2022
Updated
MY BIGGEST INVESTMENT - ETHEREUM!
The technical reason is that there is a Cup and Handle that's formed over the last few months and is showing higher lows...
Once the price breaks up and out, will I buy and hold...
I'll be trading Crypto Ethereum CFDs... As with my Crypto portfolio I'll be buying the actual coin and holding for the long term.
4 Reasons why I'm buying (Only first target is shown in the chart)...
There are many reasons (technically and fundamentally) why I’m buying Ethereum. The technical point of view on Monday, was the main reason why I got an actual buy signal on my platform.
But I do have a few other fundamental reasons to buy it, including:
REASON #1: Major recovery already
Ethereum has already made a massive recovery of over 50% in price. This has definitely attracted more buying in the market from new investors and traders.
REASON #2: The major upgrade
Then, I’ve been reading that they are talking about the merge of the most sophisticated upgrade for the digital asset.
Basically, they will soon update and upgrade the software for the blockchain network.
This is the first time, the upgrade will take place in the industry’s 14 year history.
REASON #3: New influx of buying
With the upgrade in place – investors are excited and optimistic that Ethereum is going to move into a less environmentally taxing system.
This will not only improve the distribution channels of the buy and sell transactions with Ethereum but also it will improve the functionality of the blockchain.
REASON #4: Evolution
With the evolution of Ethereum and blockchain – this might shift investors away from Bitcoin, altcoins, penny-cryptos and other crypto currencies that are slow evolving.
And it will attract more people into Ethereum as they believe the crypto currency has a bigger footprint for the future of blockchain.
Are you buying YES or NO?
The technical reason is that there is a Cup and Handle that's formed over the last few months and is showing higher lows...
Once the price breaks up and out, will I buy and hold...
I'll be trading Crypto Ethereum CFDs... As with my Crypto portfolio I'll be buying the actual coin and holding for the long term.
4 Reasons why I'm buying (Only first target is shown in the chart)...
There are many reasons (technically and fundamentally) why I’m buying Ethereum. The technical point of view on Monday, was the main reason why I got an actual buy signal on my platform.
But I do have a few other fundamental reasons to buy it, including:
REASON #1: Major recovery already
Ethereum has already made a massive recovery of over 50% in price. This has definitely attracted more buying in the market from new investors and traders.
REASON #2: The major upgrade
Then, I’ve been reading that they are talking about the merge of the most sophisticated upgrade for the digital asset.
Basically, they will soon update and upgrade the software for the blockchain network.
This is the first time, the upgrade will take place in the industry’s 14 year history.
REASON #3: New influx of buying
With the upgrade in place – investors are excited and optimistic that Ethereum is going to move into a less environmentally taxing system.
This will not only improve the distribution channels of the buy and sell transactions with Ethereum but also it will improve the functionality of the blockchain.
REASON #4: Evolution
With the evolution of Ethereum and blockchain – this might shift investors away from Bitcoin, altcoins, penny-cryptos and other crypto currencies that are slow evolving.
And it will attract more people into Ethereum as they believe the crypto currency has a bigger footprint for the future of blockchain.
Are you buying YES or NO?
Note
BIGGEST CRYPTO EVENT SINCE BITCOIN RELEASE!As you know today (Thursday, 15 September 2022) was the biggest Crypto event since Satoshi Nakamoto introduced and released Bitcoin to the world with the PoW mining technology...
It was the Ethereum merge where it has now changed from PoW (Proof of Work) to PoS (Proof of Stake).
This is similar to moving from the barter way of doing business to the banking way.
Less labour, less mining, less fuss, less strain, less primitive ways, less environmental harm...
However, as I mentioned in the video last week, I believe the move was already priced in and so we didn't expect fireworks on this side...
Right now, we can Ethereum is down -2.2%, which isn't a shock either.
All the bulls (excited buyers) are scared that Ethereum hasn't flown by now and are exiting positions because they are worried of a market collapse.
This once again proves that markets are NOT predictable and are not as easy as you think, no matter what good news comes out...
In saying that, I will remain an optimistic bull in the medium to long term because of where I expect the ETH technology to go.
Not just for investments but for many applications to life and business including:
Smart contracts
Business transactions
Voting and tallying
Gaming and e-commerce
NFTs and e-gaming
and the list goes on...
Congratulations to CEO, Vitalik and the team for a successful merge and soon it will be upwards and onwards...
But maybe not today...
I will be a BIG buyer and investor of Ethereum when it breaches around $2,000.
In the meantime, I am long (buyer) but just with a few ETH CFDs.
#ethereum #EthereumMerge #ethereumnews #ethereumcoin #ethereumwallet
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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