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D-ETH

ETH An example in why retail traders are wrong!Good Morning traders! Today I have a great example of order protection and liquidity building. This is something that I have been speaking about for a long time and this current PA shows it well. The blue boxes show places where large orders have been placed and and initiated moves. See how price returns to retest these areas?! this gives the Banks, Whales and big players a chance to protect orders. Retail traders place orders outside of these areas "support and resistance areas" These orders can easily be seen, and therefore hunted. The highs and lows create areas for the big players to exit the large volume positions as every buy order needs a seller and vice versa. I hope this information has been helpful. As always trade safe. EnvisionEJ

Education

TradingView tools for educational art Why I use cartoons in my education; After trading for 21 years, I really like to simplify my charts - when trading I tend to only use one indicator - and that is more confluence & confirmation than entry/exit. What I find that works well, when teaching students, is visual. Getting the message over in a fun way - it is easy to remember the content. In doing this, I have found that using @TradingView has become a very useful addition and in recent months I have enjoyed making content for education in the community here. This has also taken a new path as NFT's have taken off and TV could be used for that element too. So what I wanted to do was share some of the recent posts all in one place and walk you through my latest one - step by step. **** YOU CAN CLICK THROUGH EACH IMAGE FOR THE ACTUAL POST **** The other thing you can do is use the drawing tools to create visual representations of patterns, candles and other useful tricks to share with the community. One recent post was this - the 3 page cheat sheet. This was built using the path tool and trend lines. Similar content to explain more complex Technical Analysis. ================================================================================================= And of course some of the fun stuff; This post was a huge hit, talking you through the emotions of being a trader, I tried to use Homer as the 'average' man that we can all relate to at times, Relaxed when the market is strong Through to Hope! As panic sets in. ================================================================================================= Other posts using images; ================================================================================================= So when starting, I decide on the message I am trying to get over. Then select a theme or a character. From there, it's a question of If it will be incorporated with the chart active or not - again another useful feature on @TradingView - you can toggle the bars, lines, candles off if you use the little eye icon on the symbol in the top left. In this example walk-through I am making a Fibonacci based image for a new Fibonacci post. So I started with the angles - I used the angle line tool first and then copied with 'ctrl' & drag to the next levels. This give me the lines I needed to start the overlay. And then I could start building up and around - point to point. Now you can start to see the spiral come together. I then start adding detail, playing with the colour setup and so on. Even adding a Fib box in the middle. Still getting the colour configuration right. Removing the lines from behind. And the final image. =================================================================== So as you can imagine, sometimes it takes a long time to build one of these types of posts. But it's worthwhile when it helps deliver the message. I hope this is insightful and a good glimpse into how to use the charts for fun & education. And of course with the rise of NFT's - you could build your own art here on @TradingView Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

Education

by Mayfair_Ventures

What does burning a coin mean? Can it tackle inflation If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! ➡Coin-burning is the intentional and permanent elimination of a portion of cryptocurrency coins from circulation. It is done by sending cryptocurrency tokens to an eater address, also known as a ‘blackhole.’ It is a wallet address where no one holds the private key. Without the private key, these tokens cannot be accessed by anyone and are lost forever. Although creating an artificial supply crunch might seem like an illegal market manipulation technique, it definitely isn't! This act is primarily done to control the price of the particular coin. All the transactions are recorded on the blockchain and cannot be altered. Therefore, everyone can verify that the coins were actually burned. Burning a portion of the entire circulation decreases the supply, thereby increasing its relative scarcity. ➡How did coin-burning as a concept evolve? It is not a new concept at all. Although coin burning in cryptos gained huge popularity recently, a similar concept exists in the case of stocks. Companies buy back shares thereby reducing the total circulation, creating an artificial supply crunch. One of the most notable instances of coin burning was when Vitalik Buterin, the co-founder of Ethereum burned more than 90% of his Shiba Inu tokens. More recently, with the London Hard Fork, close to half a million dollars worth of Ethereum is being burned every hour. ➡Can all coins be burnt or only some specific ones? All cryptocurrency coins can be burnt. The decision to burn tokens usually resides with the developer/miner/team behind the particular coin. ➡What is Proof-of burn? Proof-of-Burn is a consensus mechanism implemented by a blockchain network that operates on the principle of allowing miners to burn virtual currency tokens. Proof-of-burn is like the Proof-of-Work mechanism without the energy wastage. Proof-of-burn involves a mechanism that promotes burning crypto regularly to prevent unfair advantage to the first movers. It also helps to maintain mining power. Instead of a one-time affair, the Proof-of-burn engages miners to carry it on as a routine activity. ➡What it's the need to burn coins and how is it beneficial for the investor? There might be different reasons to burn cryptocurrency coins. The most notable objective is to create a deflationary effect. Removing a large portion from circulation causes a supply crunch. It drives the coin price higher. It makes existing investors pretty happy as the value of their investments is now higher. Additionally, coin burning provides a natural mechanism to prevent spam attacks against something called the Distributed Denial of Service Attack (DDOS). Therefore, it acts as a safeguard for the network. After the London Hard Fork upgrade to the Ethereum network, around 3.17 ETH is being burned every minute. To put this into perspective, as of today’s ETH price of $3100, around half a million dollars worth of ETH is being burned every hour. ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex

Education

CONSENSUS MECHANISMS - PoW vs PoS Hey, Alkalites! If you want to invest in cryptocurrencies and know how to recognize long-term opportunities, you should start learning the technology behind them. Do you know what a consensus mechanism is? Consensus decision-making is a process in which group members agree to support a decision in the best interest of the whole. In other words, this mechanism is used to govern the blockchain behind each asset. Usually, this consensus is necessary to confirm the validity of the transactions that take place in that network. The most common consensus mechanisms are PoW (Proof of Work) and PoS (Proof of Stake). PoW is used to determine how the network can be sure that the transaction is valid and that someone is not corrupting the network, for example, with double-spending. The Proof of Work is based on advanced mathematical formulas called “cryptography”. That is why the name "cryptocurrency" was invented. All miners compete looking for a solution to the mathematical problem. The first miner (or pool of miners) to solve the block problem receives a reward, the block is created and transactions are included. Examples are BTC and ETH. PoS uses a process by which contributors to the system earn commissions from transactions. To validate the transactions, the user must put their coins in a wallet that freezes the coins. The more you stake, the more you earn. If someone tried to hack the network or process malicious transactions, he would lose all of his participation, since it would affect the integrity of his wallet. Also, it encourages holding the tokens, which is good for the value. Examples are Algorand and Cardano. Do you have any question? Let me know! Have a great Sunday, Alkalites!

Education

by CryptoAlkaline

A technique from 1202 - Really? images Who was Fibonacci? Fibonacci (1170 – c. 1240–50), also known as Leonardo Bonacci, Leonardo of Pisa, or Leonardo Bigollo Pisano was an Italian mathematician from the Republic of Pisa, considered to be "the most talented Western mathematician of the Middle Ages". Fibonacci popularized the Hindu–Arabic numeral system in the Western world primarily through his composition in 1202 of Liber Abaci (Book of Calculation). He also introduced Europe to the sequence of Fibonacci numbers, which he used as an example in Liber Abaci. You may have seen this? This is what’s called the Golden ratio. I am not looking to go into depth on Fibonacci use cases, spirals, fans, arcs, circles, wedges and channels. However, it was important to mention so you can go away and do your own research on Fibonacci beyond this “welcome to” post. Why is this useful for trading? The Fibonacci sequence is quite possibly the most used tool in trading stocks, Forex, Commodities and even crypto. In mathematics, the Fibonacci numbers, commonly denoted Fnuch that each number is the sum of the two preceding ones, starting from 0 and 1. However, you are probably more familiar with Fibonacci extension and retracement levels. It’s all based on the same logic. Fibonacci numbers appear unexpectedly often in mathematics, so much so that there is an entire journal dedicated to their study, the Fibonacci Quarterly. Applications of Fibonacci numbers include computer algorithms such as the Fibonacci search technique and the Fibonacci heap data structure, and graphs called Fibonacci cubes used for interconnecting parallel and distributed systems. They also appear in biological settings, such as branching in trees, the arrangement of leaves on a stem, the fruit sprouts of a pineapple, the flowering of an artichoke, an uncurling fern, and the arrangement of a pine cone's bracts. Just look at this image once more! So what? The fact that these numbers appear in nature, it has clearly been adopted in art and architecture – this is due to the human desire for pattern recognition. It’s built into our DNA, the fact that we as a collective want to identify such patterns, will in fact drive charts. I have written articles on Elliott Waves - which again is quite possibly one of the biggest use cases for Fibonacci, definitely an easy way to see the powers at work. Here’s a link to one such article; How to use Them? If you have been trading for some time you are most likely familiar with Fibonacci techniques, if you are new, here is some basic logic to get you started. As mentioned above there are several tools for Fibonacci, as a new trader I would suggest only looking at extensions and retracements to start you off. Retracement These levels often work well as support and resistance, you will find opportunities to enter on pullbacks (retracements) against the overall trend. Common levels here are 23.6%, 38.2%, 50% (although it’s not technically a real fib level, another topic for another time) then of course the 61.8% and the 78.6%. How to draw these on the chart – you are looking for 3 points let’s assume A,B & C. You are looking for A to be at the start of your trend. Often this will be a swing low or high. Let’s assume we are looking at an uptrend and we want to see the pullback. A would be placed here as above. The next step is to use the extension tool and click A and drag to point B as below; and the pullback level; Now we have a move A to B we can start to look for areas of interest, in this example we can see the pullback was to the 38.2% level. Some people are critical on the levels, for me I like it to tag the level and if it goes a little deeper then I still like it, if it doesn’t tag the level I would round it down to the lower level. Meaning if it fails at say 37.9% I would like to still think of it as only the 23,6% fib level. But there is no hard and fast rule on this. Now this gives me A and B with a 38% pullback for C. One way to trade using this could be a simple Buy at the break of B with a stop “Below” C Not telling you this is what you should do, it’s just one method some do use. Obviously, you could increase the stop and put it under A instead. Difference between Retracement and Extensions? The data you gather by assessing the pullback becomes valuable when looking for potential targets, so whilst we used 2 touch points (A & B) for getting the retracement level, the most accurate extension forecasting tool would be to use all 3 (A, B and C). Although it can also be done by using only A and B as well, It’s another one of those not so clear rules. Whilst the retracement tool gives us the pullback, the extension will give us some target areas. Let’s start with the simple (not my preferred) method; This is known as the extensions – 2 points (A, B) drag the curser from A to B and click and then back to A and click off. With this method you will notice in your back-testing those areas of interest will often be at the 61.8% of the A to B move. This means if A + B = 100, then the target would be around 161-2. Also, the 100% of the A-B move giving a target example of 200 and lastly the 1.618 level. Giving a target of 261-2 level. Again, no hard fast rule. This is just something seen over and over again. Expansion levels To start with go from A to B with the extension tool and pullback to C and click off. Assume you are using @TradingView Much like the Extension you will notice similar characteristics of the moves up (in this example of the uptrend) Something interesting I mentioned above this is a great tool to use alongside Elliott Waves, here’s an example of how this works and can fit into the charts. In this image above we use the same A point as a starting point, B becomes the 1 and 2 becomes the C. We can then work the Fibonacci extension & expansion levels to determine where 3 is likely to go. And then we can use the retracement for the pullback for (4) as well as new extensions for the projection of the 5th wave. A few months back, I wrote an article here on tradingview on the psychology on the charts, it’s worth highlighting that here. Click the link/image to view the article; Nothing is 100% certain, but using these methods will help give you a better understanding of waves and swings, logic for pullbacks and reason for extension levels. I hope this helps someone out here! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

Education

by Mayfair_Ventures

Major hard fork upgrades since inception & impact on prices If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! In a few hours, block number 12,965,000 will be mined on the Ethereum network and the ‘ London Hard Fork ’ upgrade will be implemented. As of writing this post, the data from Etherscan shows that block 12,963,799 just got added to the network. A lot of hype has been doing the rounds since this upgrade was announced. The hype became even more resounding over the past couple of weeks. In this post, we will explore what these hard fork upgrades mean for the network. We will explore all the major hard fork upgrades to the Ethereum network since its inception, and the corresponding impact on the prices. Layman’s language for the definition of Fork: Blockchain networks such as Ethereum have a community. This community agrees or disagrees with a change in the network. It is often done to ensure that the network functions as smoothly as possible. In some cases, these hard forks are implemented to protect the network against potential harm, which we will subsequently discuss. Types of forks Codebase Forks : Copy of the original code, to allow for minor tweaks without developing the whole blockchain code from scratch. Blockchain Forks : Branching or splitting a blockchain’s whole transaction history, causing the new network to develop a distinct identity. Soft Forks : Gradual software upgrades—bug fixes, security checks, and new features. Hard Forks : A permanent modification on the blockchain We will discuss the Hard Forks that have occurred since the inception of the Ethereum network. ✔ Ice Age : It was implemented on September 8, 2015 In order to guarantee to switch from PoW to PoS within 16 months after Ethereum’s initial release, an exponential difficulty increase was added that would noticeably slow down new blocks being mined after about a year. After that time, the network would reach an “Ice Age,” where the difficulty would exponentially increase until it would be too high for anyone to find a block. The Ice Age gets manually delayed by a subsequent hard fork every time. Price saw an approximate 10% jump prior to the upgrade ✔ Homestead : It was implemented in March 15, 2016 It went live at block number 1,150,000. ETH's price jumped more than 1477% in the first 3 months of 2016. 14.77x return to investors in a matter of 3 months! ✔ The DAO : It went live on July 20, 2016 This upgrade was to save the network from further damage. A vulnerability on the network allowed an exploiter to walk away with 3.6 million ETH. To fix this vulnerability, the DAO hard fork was implemented. It also created the well-known cousin of Ethereum, the ETC or Ethereum Classic. ✔ Constantinople AKA St. Petersburg : It was implemented in February 28, 2019 Price dropped more than 16% from the recent peak. ✔ Atlantis : It was implemented on September 12, 2019 This September 2019 hard fork event required all software users to upgrade their clients in order to stay with the current network. Enhancements included better security, stability, and network performance for higher volumes of traffic. ✔ London Hard Fork : It will be implemented on August 5, 2021 EIP-1559 aims to strengthen the ecosystem of Ethereum ⁠— which is known for its smart contract capabilities that power DeFi, or decentralized finance, apps and NFTs, or non-fungible tokens among other improvements. ( Have added the image to the analysis, so that it can be downloaded and referenced) ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex

Education

The greatest teacher, failure is.Why I add drawings to my TA - mostly as I have time and enjoy entertaining on serious topics. Brighten up the world of @TradingView for you guys. In the recent months since the Rocket call - (BTC Drop to 30k from 60k+) its been a slow steady burn on the weekly 3-4 move in terms of Elliott Wave. I have spent the time putting together some educational content as well as some of the defined logic for the drop itself, the moves down and of course the current situation. If you haven't been following the post, here are a few to help you along. 1) Elliott Roadmap (click the image for a link to the post) This is how it's playing out; 2) Wyckoff Distribution - during the move down, many people turned to "Wyckoff" as it was widely publicised by the media and the usual crypto GURU. The irony was, back in March they all had it as Re-Accumulation. (Click image for link to post) Taken this further and into stage 2 of the basics; (Click link) ------------------------------------------------------------------------------------------------------------------------------------------- 3) I have written on the topic of assessment of alt coins, crypto in general and buying the dips. (click on the links again for posts) - - - ------------------------------------------------------------------------------------------------------------------------------------------- 4) Streams; Myself or @Paul_Varcoe put out daily streams, Paul usually does the 10:30 AM (UK Time) and myself the 3:30 PM (UK Time) Recently we have been talking about the length of time, expectations and logic supporting the moves and dynamics. www.tradingview.com www.tradingview.com Paul's stream are done as a viewers request series, so go ask him what you want. If you dedicate the time to read through these articles above and watch the couple of streams posted here. It will all make sense, feel calm like Yoda. Enjoy your trading! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

Education

by Mayfair_Ventures

#ALTCOINS - Market Update, Can alt coins keep pushing?Previous Total2 Post See Here - Hey Guys, 420 Investments back again. So I'm sure everyone is thinking can alt coins continue pushing or is this a relief ralley? well that's take a look at total2 to see what's really happening. Daily Time Frame Analysis - Daily Rsi Divergence Can Be found found Liquidity Tap into High time Frame Support Most Recently we have claimed the golden pocket ratio back after the sell, this is bullish behaviour for the altcoin market. We Retested the 0.618% fib yesterday, giving us confidence and confluence that this is indeed not a relief rally and alt coins have plenty of room to keep growing! The weekly chart also shows us that there was a weekly swing failure reversal pattern, which simply means alt coins have failed to continue to swing down. Showing this high time frame reversal alt coins across the board should have some fantastic gains, as we have recently been seeing. We have some resistances to break through along the way as well which you will find on the chart I believe the alt coin market cap has much higher targets! and plenty of room left for growth! Let me know your thoughts in the comments below, thanks for the support! #420Investments #420Family

Education

#TOTAL2 ALT SEASON IS BACK $3 Trillion Market Cap incoming Hello & Welcome To 420 Investments In this analysis I will be reviewing the total market cap 2 (excluding btc) Daily Time Frame - Reasons To be Bullish on alts - High Time Frame Support Has Been Found RSI Daily Bullish Divergence About to enter the golden pocket fib ratio for a good push to the next golden fib Daily Swing failure pattern. Alt coins no longer want to go down! It looks like a big rest of the year for the #crypto markets & #Bitcoin So find some nice alts and buy up! #420 Investments #BTC #Crypto

Education

Updated

BASICS OF SCALPING Scalping is a term used to denote the "skimming" of small profits on a regular basis, by going in and out of positions several times per day. It is always helpful to trade with the trend, at least if you are a beginner scalper. To discover the trend, set up a weekly and a daily time chart and insert trend lines , Fibonacci levels, and moving averages. These are your "lines in the sand," so to speak, and will represent support and resistance areas. If your charts show the trend to be in an upward bias (the prices are sloping from the bottom left of your chart to the top right), then you will want to buy at all the support levels should they be reached. 1. Use lower stakes: The common rule is never to risk more than 2% of your initial deposit on a single trade 2. Minimize losses: As a scalper, you will probably make a lot of trades in a day, and the truth is that not even the best traders in the world have a 100% success rate. The key to earning good money with scalping is to minimize your losses, on the losing trades you make. The holy grail formula for scalping is 2:1 ratio. What does this mean? It means that the setup you're looking for should help you make at least double the amount of potential loss. 3. Master specific strategies: scalping is not meant for amateur traders, but seasoned traders who have tested and mastered specific strategies which have worked out for the best 4. Select the appropriate timeframe: The maximum recommended timeframe for a scalper is the 1-hour chart, but you will make more use of the 1-minute, 5-minute and 15-minute charts 5. Control the number of simultaneous trades 6. Get in an ideal frame of mind: If you are unable to concentrate for any reason, do not scalp. Late nights, illness symptoms, and other distractions may frequently knock you off your game. If you've had a series of losses, you should stop trading and take some time to recover. Do not seek vengeance on the market. Scalping may be enjoyable and difficult, but it can also be frustrating and exhausting. You must be certain that you have the personality to engage in high-stakes activities. Remember, Scalping is not for everyone. This is a difficult technique that requires the right temperament. Scalpers must enjoy sitting in front of their computers for the duration of the session, as well as the extreme focus required.

Education

Buy at the tops & sell the bottoms! Richard Ney spoke about think of the market like a warehouse, the owners of the warehouse CM (composite man) needs to fill the building with inventory, they need to sell some as they acquire more - issuing news releases of their grand launch. But their whole objective is to buy at the wholesale rate & sell at retail prices. Think of this in a simple chronology form; Strong hands buy cheap and sell at a higher price – to the retail clients, willing to pay more. This is usually due to the retail buying the tops and selling the bottoms. If you take a look at the CryptoQuant chart - replicated from their site, into @TradingView You will notice the drop off towards the end of Feb. this was in essence the buyers climax. I’ve had several people ask – why would the big boys bail at 40k? Again, you need to think of the wholesale/retail scenario. CM buys low and sells high, retail buy high and sell low. If you apply some Elliott logic here, you will see we were at a weekly 3 & that was finished with a daily 5 – giving the need of a correction (in Warehouse terms) selling inventory, in trading lingo – it’s distribution. Here I posted the map in March; As you can see it played out as expected. Let’s go back to the Wholesale logic by Mr Ney; This is by far the easiest way to think about it. The primary goal of composite man (the market maker) or in the warehouse owner. Is to make money. To do this, they acquire stock or BTC and fill their warehouse(fund). In the accumulation phase, CM (Composite man) needs enough inventory to make it worthwhile, making demand – you will see positive news, attracting the retail to the store. The whole process is about supply and demand. Does he have enough supply for the demand? The warehouse will not be filled with only one truck – it will take several months and multiple deliveries to accumulate enough stock/BTC. Then the emphasis is put on mass marketing! Think a Musk tweet, positive news and so on! Attracting retail buyers – who now have confidence in the product on sale as it’s shot up recently. Supply seemingly limited and demand high! As buyers buy – CM is selling as seen by the Blockfi wallet image above. Price driven up as supply becomes exhausted and demand is peaked! Now what? – well Price is too much for CM to want to buy anything back at an ATH. He wants it back at a new fair value – wholesale price. So, the best thing to do is – cause a little fear and doubt, a political statement or a tweet or two in today’s world. The media is basically yesterday’s news, tomorrow. But so many people buy into it and that allows for the puppeteering. And this is known as the distribution phase. We are now at a 1,3 or 5 Elliott wave. Let’s go with only at 1 in Elliott terms. CM can’t frighten retail too much and needs to keep the dream alive. Or there would be no dumb money buying into the next rally. So, the distribution & re-accumulation phase often blends in the 2nd wave of an Elliott move. If you look inside, you will see the ABC type moves giving hope to retail and gathering a strong position to go again. All CM is doing is filling the shelves in the warehouse. He continues to buy new inventory and sell the old (hedging) And once there’s enough supply to make a new campaign – off he goes, selling to the world. If news is bad at the highs, retail suckers would not buy anymore & CM would be left carrying the weight. Instead, the news is good, knowing a drop is imminent. The same applies at the bottom, if news is good – then retail will be buying in preparation for a move up. CM knows how to balance these moves without showing his hand. It’s knowing that retail fools – will always try to catch the bottom and stay in until the top. And you wonder why it is that retail lose 75% of the time or more! CM simply takes advantage of the retail’s fear and greed. I recently wrote another TradingView article on emotional analysis. This explains a little as to why Elliott, Wyckoff and Dow theory are still used today. The logic from re-accumulation or Elliott 2 – goes on into 3, down to 4 and then up to 5. Before the cycle is completed and a new cycle starts. We cover this in more depth with the education. But I hope you get the general idea here. Enjoy the rest of the weekend! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

Education

by Mayfair_Ventures

Updated

Un-Common Sense...I have recently recorded a video titled “Fear + Greed = Stupidity” I would say that lack of patience is the number one problem of traders who have come to me for mentoring or education over the years doing this. There is a term used in the industry known as the 90-90-90 rule; 90% of traders, lose 90% of their money in 90 days. Just think about that for a second! There are two types of money, 'smart money' and 'dumb money'. You, 'retail' traders are 'dumb money'. The investment banks and institutions consider themselves the 'smart money'. Their job is only to move the dumb money into the pockets of the smart money, and they do this every day, all day long. (making the rich richer & the poor ...............well broke). It amazes me, that it takes several years to go through university for many professions, yet the assumption is that you can work part time as a trader (after the 9-5) and come and dominate in crypto or FX – and we wonder why 90% lose 90% of their money in 90 days… In order to make money in the markets, you need liquidity. The 'dumb money' provides the liquidity that the 'smart money' uses to get in and out of trades. Trading is a zero-sum game, every single penny you make is because some other poor soul lost it. For every buyer there's a seller and vice-versa (in an efficient liquid market). Have a read of this little parable by @Paul_Varcoe Think of the ‘business model’ of the exchanges and brokers; many have built their empires on this one simple rule – they are happy to give leveraged accounts to people as they know it’s only ‘dumb money’ that take them up on the offer, pushing people into the funnel is a repetitive cycle. Many brokers offer commission to introducers for what’s known as “FTD’s” first time deposits. Some offer introducers commission on spreads. They know all too well; the dumb money pouring in is the fuel for the machine. Humans are naturally designed to lose; we have the fear of being hurt and the welcoming of pleasure, this goes on to create more endorphins. So, when we see a red P&L or open position, we naturally want it green so we leave the losses run. On the HOPE of it coming back. But when we are green, we cut the profits for the FEAR of it turning red. Again, step back and have a think about this point. Now combine what I have just said above; Fear + Greed = Stupidity and smart money are here to make you broke, as well as the fact that exchanges have based their business off the 90-90-90 rule. What to do about it? 1. Do you use wide stops? If so, you’re just making the brokers rich and guaranteeing losses on your part. After all, the market always trades towards the stops. How else will it shake out all the weak players before making the real move? Using the right techniques, you can learn to enter and manage your risk a whole lot better. Many “gurus” will be teaching methods that most retail traders fall for, this is another machine for making money off dumb money. I have seen these educators talk about not using stops or trading standard off the shelf tools. You ever hear some guru say "The price is about to break support off the back of a hanging man, RSI is overbought and price broke out of the Bollinger band channel. It has also crossed under the 21-week EMA" (or some other shait like this), just remember that the price doesn't care, it'll go wherever the composite man needs it to go... 2. Statistics show there are certain times to trade various chart formations, stochastic are great in ranging markets and RSI are better suited for trending conditions. All of the dumb money are busy trading RSI in range bound markets as it’s the only tool they know how to use. Knowing when to use tools will go a long way – you get to a point of not really needing them, but until then acquire some more tools for the tool-box. A screwdriver is no good for hammering in a nail. 3. Do you know when to reverse your position? Since the market loves to catch everyone going the wrong way, this is a great and highly profitable tactic, but you have to know how and when to do it. I had a ton of people tell me how wrong I was on the call made in March for BTC – perma bulls, in an exhausted market. Glad to say my 30k call for the drop from 62,500 was on point. Over shot by 2k, but what’s that among friends? (See rocket post, in the related ideas) You have to work the market both ways, or at least learn to sit out during the corrective phases. They do happen from time to time! 4. Making a plan – people are busy trying to catch the bottom, this is reminiscent of that lego batman scene “first time” after several attempts of calling the bottom. They will be right at some point. The number of posts on TradingView calling the BTC spring in the most recent drop – scary. When building a plan, it should be focused on risk management and a systematic approach for both entries and exit. I would much rather catch 60-80% of the swing with high probability, than try to obtain the full A to B move with little possibility. 5. I encourage the traders I mentor to “Trade less. Earn more.” You need to learn that its better to make a bit with 95% certainty than to try to make 100% with only a 10% chance of hitting the home run! And in this way you keep your liquidity costs low and add to your earnings at the end of the year. If you’re looking to trade crypto – take a look at this; On the psychology side; And finally here’s the logic for why the cycles can last a “little longer” – see yesterday’s stream! www.tradingview.com Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

Education

by Mayfair_Ventures

Unique Pattern BTC This is the strongest Bitcoin Pattern. Its called the Ladel Pattern, and it Starts when BTC reaches All-time high. The Ladel pattern has been consistently appearing at every major all-time high of BTC. And the accuracy of this pattern is pretty high as you’ll see in this video. People are used to “One Size Fits All Patterns”. The ladle pattern is proof that each Currency/Stock does have their own unique patterns that cannot be found in the traditional textbook pattern list.

Education

Updated

BEST pattern BTC This is the strongest Bitcoin Pattern. Its called the Ladel Pattern, and it Starts when BTC reaches All-time high. The Ladel pattern has been consistently appearing at every major all-time high of BTC. And the accuracy of this pattern is pretty high as you’ll see in this video. People are used to “One Size Fits All Patterns”. The ladle pattern is proof that each Currency/Stock does have their own unique patterns that cannot be found in the traditional textbook pattern list. I also mention in this video that BTC likes to fall 80% from all-time highs. This is also a strong indication that BTC might go back down to the $10k-$15k range. Many new traders/investors are tunnel-visioned on the current price. They forget to take a step back and look at the big picture. I’ve met BTC traders who said that BTC never fell more than 50% in its lifetime. Those are the traders that never looked at BTC chart before 2020.

Education

13:07

⚠️ HOW TO LOSE your money in a day? ⚠️Hey guys, I know I've made a chart like this before, but this version is more complete. We all see too many people having the satisfaction of losing their money every day and sometimes it happens to us too. I think it's best if we share with other people how it's done. There are 10 effective and original ways to do this: 1. Panic Sell: This one is a classic. They say "10 years in the forex & stock market is 1 day in the cryptocurrency market". That's because this market has too many changes in a short time. Bitcoin literally can pump or drop more than thousands of dollars in 5 minutes, and that's when people start the Panic Sell. They start to think: what if it drops even more? What if it touches ATH now that I opened my short position? Well, that doesn't necessarily happen all the time. Currencies like Bitcoin have large price ranges and every single move might look like a big thing. But it isn't! 2. FOMO Buy: Classic #2! OMG, this new coin just pumped ten times! Ethereum is pumping. What if it reaches 10K? Cardano passed $2. I should get a ton of it and sell around $2000! Bitcoin is going to reach 1 million dollars this weekend! If something pumped so high that it got your attention, don't you think it's a bit late already? (I think I made my point here) 3. Don't use Stop Loss We all know how it feels waking up to see that the market touched our Stop Loss and pump right back up. Using Stop Loss is very important if you want to protect your assets. If you're willing to protect your positions then you should learn how to play with them, control the risk, know the dangerous zones, be aware of the price range. If your coin's value is dropping under the predicted area, using SL isn't a bad idea! If you're a true player, then you can recover in no time. 4. Use high leverages I WANT THAT 50 THOUSAND DOLLARS RIGHT NOW! I'll just set my leverage to 125x. I'm sure Binance won't mind it! Guys... The safest leverage amounts are 20x or below. If you can't afford to lose the money you shouldn't open a position with more than 20x. Give that price range a little room to breathe. People who are more confident about their forecast and predictions use higher than 20x up to 75x or even 100x! The higher the leverage, the more risk you put your portfolio at. 5. Buy new hype coins I love this one! I see it every day. That CEO launched a coin. This CTO made a spite coin. That guy with a big Twitter account mentioned this name. That coin is named after a dog... I LOVE DOGS! PEOPLE! This is your money we're talking about...! You worked hard for that money, right? Who's to say if these rummers are real? Why would a hype coin overtake Ethereum just because someone tweeted about it? There are better ways to lose your money. Please don't use this one! 6. Get greedy Classic #3. I earned 20%... now it's 32%, should I close it? What if it goes even higher? What if I close my position now and it goes up to 500%? That's when we keep our positions open and then after 5 minutes, we are down 20%. Sounds familiar? 7. Draw meaningless lines on a chart You open TradingView and WOW, hundreds of charts about different coins with random lines on them. That's easy, right? I bet we all can do it. Se let's open a chart and then draw as we want... connect the dots? Make a Triangle? A Head and Shoulders on a '5 minutes' chart? I'm sure that predicts the market. Guys, we can't just paint around on charts... there are rules, there are actual patterns. Check this as an example: There are more than 50 good patterns that can be used to predict the market in different time ranges. So that's it... Draw your favorite lines and predict the price AS YOU WANT IT TO BE, and lose a little money here too. 8. Don't use Fibonacci I'm sure too many experts won't agree with this. But Fibonacci can help Futures traders a lot. You can just put it in the right time range and use it to find the key resistance and support levels. This method is amazing if you want to study a coin before entering for short-term trades. If you don't, you might end up doing a FOMO Buy or Panic Sell, which helps you lose even more. 9. Believe that you are the smartest person in the room All I'm saying is that some people do NOT let other ideas come in. They have a confidence level is amazing. Well, that's not a bad thing, but at least listening to what other people have to say might be a good idea. Maybe they're playing the right card with a different perspective we can't see. 10. It's your turn. Complete the list. Tell us about all the other ways you know... Share your experiences. Thank you for your attention.

Education

Educational chronology Over the last couple of Months, I have published some educational content here @TradingView and wanted to correlate them into one post as they now cover several pages. Starting with some of the fundamentals and into more of the advanced topics; EACH IMAGE IS A LINK TO THE ACTUAL POSTS Starting with Psychology - one of the most important things to pick up on early. There are some great books on trading psychology, one of the best in my personal experience is Trading In the Zone by Mark Douglas. I expanded on this psychology one - by adding cartoons to break down the stages. As for some good books see this post; ----------------------------------------------------------------------------------------------------------------------------- When starting (many new traders are joining sites such as TradingView) for crypto. So when assessing companies/coins to invest in - it's good to have some depth on the company. Here's a guide on assessing alt coins; Another relevant topic in crypto - as there will be dips! IS how to buy the dips. ----------------------------------------------------------------------------------------------------------------------------- Chart basics Trendlines; Moving Averages; Mixing timeframes on the chart; A little more advanced MACD; Confusion in Indicators; Gann Fans; ------------------------------------------------------------------------------------------------------------------------------------------------------- Emotional analysis - Elliott & Wyckoff Why I called this emotional analysis - is that the way Elliott & Wyckoff could read the situation above the chart price, the fact that human behavior drives markets. Composite man (Wyckoff story) controls the markets based on understanding how humans think. Means this is less technical and more emotional. Elliott Basics; Elliott Level 2; Wyckoff; Wyckoff chart basics; Basics 2; ----------------------------------------------------------------------------------------------------------------------------------------------------------------------- Another topic worth mentioning is COT (Commitment of Traders) a report issued once a week on the large money moves, in simple terms. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------- I know there is a lot here in one post - but I hope it helps going through the basics like this and you can save for reference. This was mainly due to all of these posts being over several pages in my profile. This way it's all accessible. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

Education

by Mayfair_Ventures

What Is a MACD Indicator?Moving average convergence divergence indicator (MACD) refers to a momentum oscillator used for a trend following trading strategy. There are two lines, a MACD line and a signal line. When the MACD line crosses above the signal line, MACD is signaling a bullish trend. The MACD line is calculated by subtracting the 26-period EMA (exponential moving average) from the 12-period EMA. The signal line, on the other hand, is just a 9 period EMA line. While most technical indicators only provide a single piece of information about historical price data, the MACD indicator is a versatile 2-in-1 indicator that gauges trend direction and the strength of a trend at the same time. In this article, we will study the MACD indicator in detail and share some advice on how MACD can be used in cryptocurrency trading and how to identify potential MACD buy and sell signals. Invented by Gerald Appel 1979, MACD can help investors calculate the direction, length, strength and momentum of a given asset’s price. MACD Indicator Explained in Detail: MACD is a trend-following momentum indicator that is part of the oscillator family of technical indicators. It allows you to: Assess the current trend direction (bullish or bearish) and predict where the price is more likely to go, based on the relationship between two moving averages. Measure the rate of change of cryptocurrency prices, aka the speed of the trend or its momentum. The MACD momentum readings are useful if, for example, retail traders want to assess the strength or weakness of a crypto trend. On a price chart, the MACD indicator looks like an oscillator with two moving averages, except without specific boundaries such as the most common oscillators (Stochastic and RSI) have. An additional MACD histogram overlays the two moving averages, which completes the indicator. To understand what MACD is and how it works, we need to learn the meaning of the moving average (MA) first. When talking about cryptocurrency price movements, MA represents the line on a graph that shows the average value of data collected over a defined period of time. Traders categorize MAs into two key types: simple moving averages (SMAs) that process all input data equally, and exponential moving averages (EMAs) that grant more weight to the recent data. MACD relies on the latter, as they provide data that is more relevant for making decisions whether it’s worth buying or selling the asset. Perhaps the best characteristic of the MACD indicator is its simplicity, as the signals it provides are obvious even to total newbies. However, it’s worth remembering that one should never make a decision to buy or sell some specific coin by relying solely on one signal. MACD can be a great addition to other trading signals such as Stochastic or RSI indicators. Some details about RSI will be given later in this guide. How MACD Works? In order to understand how to use an MACD indicator, it’s important to understand its particulars on a graph. The MACD indicator is comprised of three key components: The MACD Line — the fastest moving average (short-term EMA) The MACD indicator formula is calculated by extracting a long-term, 26-day exponential moving average (EMA) from a short-term, 12-day EMA. It is usually colored blue. MACD Line = (12-day EMA minus 26-day EMA) The Signal Line — the slowest moving average (long-term EMA) This is a 9-day line designed to show the turns of the price action, usually painted in red. Signal Line = 9-day EMA of MACD Line The MACD Histogram — fluctuates above and below a zero line, which helps to identify bullish and bearish momentum readings The histogram is the difference between the first two elements (MACD line minus signal line). When MACD is above the signal line, the histogram is positive, and vice versa. Thus, in order to read the signal correctly, one should check the following: When MACD is positive and the histogram is increasing as well, this serves as a sign of increasing momentum. The price tends to grow in this case, which can be interpreted as a “buy” signal. Alternatively, when MACD is decreasing together with the histogram value, it signifies that the price is most likely dropping and the asset should be sold. In the next section, we will provide a more detailed explanation of how to read the MACD signals.

Education

by MonoCoinSignal

Steps to invest successfully Hello guys, I hope you liked the video and you learnt something new. Due the lack of time I didn't have the opportunity to talk in detail about everything I wanted. There are so many things to say and I would love to talk about them for hours. Still, for any questions regard the video let me know in the comments. I will make sure to make more tutorial videos. This video is meant to be a learning video and not a financial advise one.

Education

19:53

Fibonacci Channel Etherum ¿What is Ethereum? To fully understand Ethereum, what it does and how it can potentially impact the society of which we are a part, it is critical to learn what their core characteristics are and how they differ from standard approaches. In the first instance, Ethereum is a decentralized system, which means that it is not controlled by a single governing entity. The absolute majority of online services, organizations and businesses are based on a centralized system of governance. This approach has been used for hundreds of years, and even though history has consistently shown it to be flawed, its application is still elementary once the pieces don't trust each other. A centralized approach means control of a single entity, however it also means a unique point of failure, which makes the applications and online servers that use this system drastically vulnerable to hacker attacks and even power outages. Additionally, most social media and other online servers require users to provide at least some level of personal information, which is then stored on their servers. From there, it could be easily stolen by our company, its rogue workers, or hackers. Ethereum, being a decentralized system, is fully self-sufficient and is not controlled by anyone at all. It does not have a central point of failure, because it is running on the computers of a huge number of volunteers internationally, which means that it can never be disconnected. In addition, the personal information of the users remains on their own computers, in which the content, such as applications, videos, etc., is kept in full control of its creators without having to obey the rules imposed by hosting services such as the App Store and YouTube. Second, it is critical to understand that even when compared to each other over and over again, Ethereum and Bitcoin are 2 entirely different projects for entirely different purposes. Bitcoin is the first cryptocurrency and money transfer system, built and supported by a distributed public ledger technology called Blockchain. Ethereum took the technology behind Bitcoin and substantially expanded its abilities. It is a complete network, with its own Internet browser, coding language and payment system. The most important thing is that it enables users to produce decentralized applications on the Ethereum Blockchain. These applications have the potential to be either entirely new ideas or decentralized reworkings of existing concepts. This in essence takes away the middle man and all the costs associated with collaborating with a third party. Exemplifying, the exclusive benefit that arises from users "liking" and "sharing" the messages of their favorite musicians on Facebook is created from an ad placed on their page and goes directly to Facebook. In an Ethereum version of such a social network, both artists and the public would receive awards for positive communication and support. Similarly, in a decentralized version of Kickstarter, you will not only receive a device for your contribution to the company, but you will receive a section of the future benefits of the company. In the end, applications based on Ethereum will eliminate all kinds of payments to third parties to fascinate any type of service. In short, Ethereum is a Blockchain-based, open source, public distributed program platform that enables developers to produce and run decentralized applications. As discussed earlier, Ethereum is a decentralized system, which means it uses a peer-to-peer approach. All relationships have a place between the users who participate in it, without the involvement of a control authority. The entire Ethereum system is supported by a universal system of so-called "nodes". The nodes are volunteers who download the entire Ethereum blockchain to their desktops and fully carry out each of the system agreement standards, keeping the network honest and receiving rewards in return. Those rules of agreement, as well as various other points on the network, are dictated by "capable contracts." These were made to automatically make transactions and other specific activities on the network with parts that you do not exactly trust. The terms that the two pieces have to carry out remain pre-programmed in the contract. The completion of these terms triggers a transaction or any other specific action. Many people believe that capable contracts are the future and that, with the era, they will replace all other contractual agreements, because the use of capable contracts provides greater stability than classical contract law, lowers transaction costs associated with recruiting and institutes trust in the middle of the 2 pieces. Furthermore, the system further grants its users the Ethereum Virtual Machine (EVM), which in essence serves as a runtime scope for Ethereum-based capable contracts. It gives users the stability to perform unreliable code while ensuring that programs do not interfere with each other. The EVM is completely isolated from the main Ethereum network, making it a perfect instrument for testing and improving capable contracts. The platform also grants a cryptocurrency token called "Ether." Who designed Ethereum At the end of 2013, Vitalik Buterin explained his initiative in a white paper, which he sent to certain of his friends, who in parallel sent him further afield. As a consequence, some 30 people contacted Vitalik to discuss the term. He was expecting criticism and people pointing out critical errors in the term, yet it never happened. The plan has been publicly announced in the first month of the year 2014, with the central fixtures consisting of Vitalik Buterin, Mihai Alisie, Anthony Di Iorio, Charles Hoskinson, Joe Lubin and Gavin Wood. Buterin also presented Ethereum on the stage of a Bitcoin conference in Miami, and a few months later the accessories made the decision to wholesale Ether, the network's native token, to finance the development. Is it a cryptocurrency? By definition, Ethereum is a program platform that is intended to act as a decentralized internet, as well as a decentralized app store. A system like this requires a currency to pay for the computational resources required to carry out an application or a program. This is where "Ether" comes in. Ether is a digital bearer asset and does not need a third party to process the payment. However, it not only works as a digital currency, but also acts as "fuel" for decentralized applications on the network. If a customer wants to modify something in one of the Ethereum applications, they should pay a transaction fee for the network to process the change. Transaction fees are automatically calculated based on the functionality of the proportion of "gas" that an action needs. The prime fuel ratio is calculated based on elemental computing power and drive time functionality. Ethereum Like Bitcoin? Ethereum and Bitcoin have the possibility of being somewhat similar once it comes to the cryptocurrency aspect, but the truth is that they are 2 entirely different projects with entirely different purposes. While Bitcoin has predetermined itself as a subjectively stable and most successful cryptocurrency to date, Ethereum is a multipurpose platform with its Ether digital currency being only one element of its contract-capable applications. Even once the cryptocurrency aspect is comparable, the two projects appear to be quite different. For example, Bitcoin has a capacity of 21 million Bitcoins that could be spawned, in which the potential supply of Ether could be basically infinite. In addition, the average Bitcoin block subtraction era is 10 min, while Ethereum purpose does not exceed 12 seconds, which means faster confirmations. Another big difference is that today the triumph of Bitcoin mining requires large chunks of computing power and electricity and is only viable if mining is applied on an industrial scale. However, Ethereum's proof-of-work algorithm encourages decentralized mining because of people. Perhaps the most relevant difference between the two projects is that Ethereum's internal code is complete Turing, which means that literally everything could be calculated constantly and once there is enough computing power and time to do it. Bitcoin does not possess this ability. Where a full Touring code gives Ethereum users fundamentally unlimited modes, its difficulty also means likely stability complications. How Ethereum works As previously said, Ethereum is based on the Bitcoin protocol and its Blockchain design, however, it is adjusted so that applications beyond money systems can be supported. The unique similarity of both Blockchains is that they store entire transaction histories of their respective networks, however the Ethereum Blockchain does a lot more than that. In addition to the transaction history, each node of the Ethereum network also requires downloading the most current status, or today's information, of each smart contract on the network, the balance of each client and all the smart contract code and where it is stored. . In essence, the Ethereum Blockchain can be explained as a transaction-based state machine. Once we talk about computing, a state machine is defined as something capable of reading a sequence of inputs and transitioning to a new state based on those inputs. Once the transactions are executed, the machine goes to another state. Each Ethereum state is based on millions of transactions. These transactions are grouped to form "blocks", with all and all blocks chained to their previous blocks. However, the precedent for the transaction to be added to the largest book requires validation, which goes through a process called mining. Mining is a process in which a set of nodes apply their computing power to complete a "proof of work" challenge, which is essentially a mathematical puzzle. The more powerful your computer is, the faster you will be able to solve the puzzle. An answer to this puzzle is itself a proof of work, and ensures the validity of a block. Several miners from all over the planet remain competing with each other in an attempt to produce and validate a block, because each time a miner tests a block, new Ether tokens are created and handed over to the miner spoken. Miners are the backbone of the Ethereum network, because they not only verify and validate transactions and any other operation on the network, but also produce new tokens of the network's currency. Decentralized applications have the potential to completely modify the interaction between organizations and their audiences. Currently there are several services that charge commissions for simply providing a defense service and a platform for users to exchange goods and services. However, the Ethereum Blockchain can allow consumers to trace the principles of the product they remain buying, while utilizing capable contracts can ensure a safe and speedy business for the two pieces without any middle man. Our Blockchain technology has the potential to revolutionize web-based services, as well as industries with long-established contractual practices. For example, an insurance industry in the US has well over $ 7 billion in sloped life insurance money, which has the potential to be fairly and transparently redistributed using Blockchain. In addition, with the use of capable contracts, consumers have the ability to simply submit their insurance claim online and receive an instant automatic payment, taking into account that their claim met all the required criteria. In essence, the Ethereum blockchain is capable of bringing its overriding principles - trust, transparency, stability, and efficiency - to any service, trade, or industry. Ethereum could also be used to generate Decentralized Autonomous Companies ("DAO"), which operate in a completely transparent way and free from any mediation, without a single boss. DAOs are managed by programming code and a collection of capable contracts written on the Blockchain. It was designed to erase the need for one person or set of individuals in complete, centralized control of an organization. DAOs are owned by individuals who purchased tokens. However, the proportion of tokens purchased does not equal activities and ownership. However, tokens are contributions that give the population the right to vote. Advantages of Ethereum The Ethereum platform benefits from each of the characteristics of the Blockchain technology with which it works. It is completely immune to any third party participation, which means that each of the decentralized applications and DAOs deployed on the network do not have the possibility of being controlled by anyone. Any Blockchain network is formed close to an agreement start, which means that all nodes within the system need to be in consensus in each change that is made in it. This rules out fraud, corruption, and makes the network tamper-proof. The entire platform is decentralized, which means there is no single viable point of failure. Consequently, each of the applications will constantly be online and will never be shut down. Furthermore, the decentralized nature and cryptographic stability make the Ethereum network well protected against probable hacker attacks and fraudulent occupations. Desventajas de Ethereum Despite the elaboration that capable contracts remain intended to make the network fail-safe, they only have a chance to be as good as the individuals who write the code for them. There is continually room for human error, and any errors in the code could be exploited. If that happens, there is no direct way to stop a hacker attack or a bug exploit. The only viable way to do this might be to compromise and rewrite some code behind. However, this is entirely in opposition to the very essence of the Blockchain, since it is implied that it is an unchangeable and unchangeable ledger. The DAO, which is the name of a particular DAO launched on April 30, 2016, has come under attack and well over 3.6 million Ehter tokens have been stolen. The attacker exploited a "recursive call bug" in the code, essentially draining the funds from the DAO into a "child DAO", which had the same composition as the DAO. The loss of a significant portion of DAO funding has not been the sole effect of the attack, as it fundamentally undermined user trust throughout the Ethereum network, with the cost of Ether falling from well over $ 20 to less. of 13 dollars. What applications were developed on Ethereum? Ethereum has the potential to open up the planet of decentralized applications even for people without any technical training. If this happens, it can transform into a revolutionary leap for Blockchain technology that will bring it closer to mass adoption. Today, you can easily access the network through its native Mist browser, which provides a simple to use interface, as well as a digital wallet to save and trade with Ether. Most relevant is that users have the ability to draft, govern and carry out capable contracts. Alternatively, the Ethereum network can be entered via a MetaMask expansion for Google Chrome and Firefox. The Ethereum platform has the potential to profoundly affect hundreds of industries that currently depend on centralized control, such as insurance, finance, real estate, and so on. Today, the platform is being used to produce decentralized applications for a wide range of services and industries. Below is a list of several of the most notable. Technical analysis: Historically, ETH in its strong retracements hit 0.786 Fibonacci. Until I break it. Personally, I will start scalar purchases from now on. We are betting that the next bullish rally will be in 2024. And that this fall will be prolonged, but ETH is quite liquid, falling to prices below 0.5 of a psychology zone for prolonged cycles will take time. If we are based on a gann fan, we could take as a possible buying zone the value of 1100 dollars, however, we are in the midst of an economic crisis, so I do not wait if this crisis begins to support those levels. And the Fibonacci fan, would place the price in a range of 900 - 1400 USD. But really although this is very good to find possible support and resistance areas, I plan to use my gold ratio as a base to have my possible entry areas, in scalar purchases. Based on the Fibonacci channel, if the fall is prolonged and this peak of 64k is the end of the cycle and an economic crisis begins, I would expect that ETH at the beginning of halving of BTC would obtain a minimum value greater than 753 USD, representing that price one of my last purchases, to bet on the rise. My Gold ratio, would place as a possible buy zone, more demand in the value of 719 usd. Above the 200-period moving average on the weekly chart. But we must also consider, that it does not necessarily respect this area, Our POC places the value of possible high demand in Volume of 288 USD. I do not personally think we touch this value, but I will also place it as a possible Maximum buy zone. Placing these as possible values. And well in terms of RSI, we still have a high range of decline on the weekly chart, so expect values lower than these in the long term, not daily, not a week, long term. It is entirely possible. Finally using Fibonacci Fan, Historical Data, Fundamental, making scalar growths based on PHI of Ratio Gold, we could expect the following results. The buy zones are in range, being scalar, prioritizing leaving more capital for the price close to the 200-period moving average on the weekly chart, representing that value one of the strongest purchases, but leaving an extra for a possible greater retracement. Being the maximum in the worst case the value of 280 usd. Represented this as a possible second major purchase. Personally I doubt we will touch it, but let's not rule it out. And here are the long-term goals. This being the maximum for from here in the future, doubting much of obtaining higher returns to these in the long term, for simple issues of capitalization in which it is already quite high obtaining those values, so I think that ETH this would be the maximum value . For many years. You already know that these graphs are not designed to visualize the time when these values will be reached, we place that the maximum rate to reach these values would be until 2030, being the most pessimistic. I really believe that ETH has performed well compared to other assets. However, I believe that its long-term development, when the halving begins in 2024, could represent the indication of a possible new upward cycle. In the meantime I review the project and its development so I can decide and have more confidence in the asset to invest.

Education

by UnknownUnicorn18500526

Ripple's regulatory troubles |Why is XRP facing severe dumping Quick glance: In this post, we attempt to decode the ongoing tussle between Ripple and the SEC. This episode was filed into a lawsuit on December 2020. But the events that led to this lawsuit date back 2 years. Case Summary: SEC filed a case against Ripple which is one of the largest crypto issuing companies. The SEC filed a lawsuit against Ripple over its XRP cryptocurrency, alleging that the company held a $1.3 billion unregistered securities offering. The suit contends that Ripple should fall under SEC regulations because it is a security, not a currency. The case was filed on 5 Dec 2020. The SEC had been investigating Ripple for almost 2 years prior to filing the case. →The suit also alleges that Ripple was aware that it wasn’t likely XRP would qualify for status as a currency under the Exchange Act because it lacked the backing of a central government. →In response to the SEC lawsuit, Ripple said that the U.S. regulator is incorrect — Ripple’s XRP cryptocurrency is not a security. The company said XRP is a virtual coin used as a medium of exchange for international and domestic transactions. Ripple further added that XRP is an asset that is perfect for payment processing because it’s quick and scalable. →Ripple alleges that the SEC’s move “amounts to picking winners and losers” in the field, as fellow cryptocurrencies like bitcoin and Ether have not been subjected to such regulations. →Coinbase stopped trading in XRP earlier this year after the SEC suit came down due to which we saw a major downtrend in the price of XRP. →On 21/5/2021 Ripple filed the case to end with summary judgement after they filed a “lack of due process and fair notice” stating the fact that SEC had 2 years to prepare the evidence and along with the 6 months the case has been active. →This month, Ripple sought the SEC’s “policies governing SEC employees’ trading in, or purchase or sale of, Digital Assets and/or Virtual Currencies, including all changes and updates to those policies.” The SEC blatantly refuted this request with the SEC arguing that they were irrelevant to the litigation and would “not lead to the discovery of any relevant evidence.” But Ripple stated that the policies could reveal the SEC’s stance on digital assets — including any distinctions it draws between XRP and other cryptocurrencies, such as BTC and ETH. →The presiding judge has ordered the SEC to submit these documents citing them as relevant. Possible conclusions and their respective impacts: → If Ripple wins: We can see XRP becoming another major crypto. If Ripple wins then coinbase could start trading XRP again and we can see a major bullish trend. This jump could also give the crypto industry a major boost and may stabilize the market. This could also give a chance to Dogecoin to follow similar footsteps and become a mainstream trading crypto currency. This win could bring some stabilization into the current volatile market and bring even more people into the crypto world. → If SEC wins: This might be bad news and may open flood gates for SEC to regulate the crypto market even more which could reduce the freedom that people associate with cryptocurrency. SEC has never regulated any other crypto before this and winning this motion could give them a green light to go after other currencies as well which is bad news especially considering the current volatility of the market and this major news can break the crypto world. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)

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Importance of diversification across asset classes Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :) In this post, we have attempted to cover the importance of portfolio diversification. To drive our point home, we have taken a 2-year reference and divided it into 3 parts: Pre-pandemic : January 2019 to 10th Feb 2020 Height of the pandemic : Feb 2020 to 23rd March 2020 Post pandemic : 30th March 2020 till present The 3 classes of asset that we included in this analysis are: Cryptocurrency- ETH Stocks- S&P 500 Commodity- Gold Pre-pandemic period: ETH was on a bull run as were other major crypto currencies. It shot up more than 125% during that period. The S&P 500 index was up by 38.5% during the same period, while the precious commodity, Gold, rose by 24.15%. At the height of the pandemic: It was a testing time for the diversification of portfolio. Holding any particular asset class and not diversifying at all, proved to be a disaster for many naive investors. ETH dropped by approximately 65%. The S&P 500 index tanked almost 33%, while Gold, considered to be the safest asset, lost 12%. Post-pandemic period: It was one of the massive bull-runs in the history of bull runs. Patient investors who entered into the markets at the height of the pandemic saw their wealth growing multiple times. Moreover, with the Central banks around the world printing currencies at a furious pace, the only way to beat inflation was to invest in high alpha generating assets. ETH shot up almost 1800% during this period, which is a 18x return. The S&P 500 shot up over 94%, while Gold went up by a meagre 21%. Considering the returns and the risk over these 3 periods, it can be stated with absolute conviction that the need for diversification is supreme. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)

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How to be careful from misleading Indicators | XRPUSD reversal Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :) Quick glance: In our previous analysis on XRPUSD , we discussed about Ripple losing a massive market cap. Right now, XRPUSD had a massive reversal. It has taken support from the lower Bollinger bands. Market in the last 24hrs The last 24 hours were quite a roller coaster. All major cryptos witnessed a huge selloff including ETH, BTC, DOT and others. Trading volumes also spiked up tremendously. Today’s Trend analysis XRPUSD seems to be having a massive reversal. At the end of the downtrend on the 4H chart, there appeared to be a 'Hammer' formation. However, the patter could not be confirmed as the 2 following candles were red, thereby negating the reversal after the 'Hammer'. Stop losses would have been triggered for traders taking long positions after the hammer. Therefore, it is always crucial to wait for the confirmation candle, even if it eats into some of the potential gains. It hedges against fake-outs! The reversal happened after XRP took support from the lower band of the Bollinger Bands. The volume profile shows the demand zone at $0.8688, which is 40% higher than current levels. Price volatility remained extremely high at approximately 24.53%, with the day's range between $0.5231 — $.6514. Price at the time of publishing: $0.6315 XRP's market cap: $29.04 Billion Out of 11 Oscillator indicators, 9 are neutral,1 is bearish, and 1 is bullish. Out of 15 Moving average indicators, 11 are bearish , 3 are bullish and 1 is neutral . Indicator summary is bearish for XRPUSD in the shorter timeframe. Volumes have spiked up tremendously in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)

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1 year: Impact of Institutional accumulations on Bitcoin prices Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :) In this post, we have attempted to cover some of the major institutional accumulations that has happened in Bitcoin since June 2020. Bitcoin's rise over the past 1 year has been phenomenal. The rise does not only mean in terms of prices, but also as an attractive asset class that provides a much-needed diversification. During the pandemic, the response towards Bitcoin has been nothing short of extraordinary. Both institutional investors and retail traders understood the importance of Bitcoin in building long term wealth. The data presented in this analysis has been researched and curated from different portals such as Tradingview, Coindesk, Forbes and Twitter. We have reviewed five different dates where the volumes have spiked up massively owing to news surrounding accumulation of institutional investors. It should be noted that the dates mentioned here reflect the news coming to limelight regarding the accumulation. It does not necessarily imply that all the accumulation happened on that exact day. 02nd June 2020: BTC closed at $9525.73 Fidelity Investments stated in their report that the number of institutions buying Crypto derivatives products has more than doubled. 27th July 2020: BTC closed at $11,046.19 Report shows Bitcoin futures surging past 186% as institutional accumulation of the underlying continues at a massive pace. BTC jumps up above $11k. 20th October 2020: BTC closed at $12,802.67 Paypal announces its acceptance of Bitcoin for payments. This time the accumulation is fuelled from both institutional and retail end. 17th December 2020: BTC closed at $22,814.24 Grayscale investments increased their Bitcoin holdings by double digit figures over the past few months. Bitcoin shot up by approximately 7% following the report. 29th January 2021: BTC closed at $34,249.64 Carthie Wood's ARK publish that Bitcoin climb unto $400K as hedge funds and several other institutions are steadily increasing their Bitcoin and crypto holdings. Another interesting piece that has come up very recently is MicroStrategy NASDAQ:MSTR , a business analytics firm has purchased around 13,005 Bitcoins, amounting to approximately $489 million, on Monday, 21st June 2021. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)

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