Ethereum : H4:updateHello
. In the previous analysis, we considered two scenarios for the price. The price was revised based on scenario 1. Now the price may continue to rise until it moves to the bottom of the channel or to the range of the channel ceiling at the price of 1885 and then enters correction.
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Ethereum-bitcoin
Bitcoin Vs Ethereum 2.0 ComparisonHey mates! Please be sure to advise which of these products you think will have the most alpha. If shared, please advise the timeframe you are thinking! (1year? 10years?)
It is the clash of the titans, and my last article that provided the hard #'s got a great deal of positive traction in the comments, but I did get some DM hate from some Bitcoin maxi's. Please let me know what you think I am missing in my comparison so the whole TradingView community can learn from your wealthy of knowledge.
Emotions aside, and Maxi agenda's muted - lets get logical.
Bitcoin:
#1 Myth B itcoin is protection against inflation
-->Worse inflation in decades & the price crashes
#2 Myth A supply cap in Bitcoin makes it scarce
--> **Bitcoin is itself inflationary for another 100 years**
#3 Myth Bitcoin is a store of wealth
--> Newly minted Bitcoins are continually sold to cover operating costs while going directly against ESG Goals (Constant Selling Pressure)
#4 Myth Bitcoin is safe
-->For $13 Billion Dollars a state sponsor can launch a 51% attack against it.
-->(A single aircraft carrier cost less than that)
-->A Quantum computer can hack any BTC wallet
**To fix Bitcoin (POS) it would take years & create yet another fork destroying its value**
A fork would have to be made, because the miners make a lot of money (Cost about $7k per token mined) dumping the coins onto the maxis. This is a constant selling pressure that prevents it from ever being a true store of value. The tokenomics are not entirely broken(unless you can not forgive all the coal burned in North Korea & China to mine BTC), but it is not going to be the best performer of all.
Ethereum:
#1 Benefit: (post-merge) Ethereum is POS
-->Staking encourages long-term passive yield (hodling for yield)
-->ESG Friendly, 99.5% more efficient than Bitcoin
#2 Benefit: Ethereum is deflationary
-->Every block will burn ETH, and rewards are slashed by 90%
-->Every Dex swap, NFT mint, transaction will lead to ever more scarcity
-->For the next 100 Years BTC will inflate supply while ETH deflates supply
-->Deflationary prices rise in BP*, Inflationary prices drop in BP
#3 Benefit: Ethereum is only improving while Bitcoin development continues to be stale
-->Eth has 220 core developers
-->Btc has 103 core developers
-->Thousands of additional projects are being built on-top of ETH (the next APPL/AMZN)
-->Transaction speeds and cost will improve with 'sharding'
#4 Benefit: It is MUCH safer than BTC
-->Slashing prevents validators from acting malicious
-->BTC is susceptible to 51% attacks
*buying power
SO WHAT DOES THIS MEAN TO ME?
I was screaming "back up the truck" when ETH dipped below $1k to long (I put 100% of my 401k into the product at that point, coupled with all my spot holdings being ETH)
Many ask if they missed the long? - I say this is only the genesis to generational wealth
I recommend joining me in being a validator. Get some passive yield in the most safe deflationary asset in crypto. Eth will fundamentally reward being a long-term investor which will be very attractive to institutions. This, coupled with ESG benefits and the fact ETH has actual utility will make this a product that a decade from now will be in many 401k products, for auto-biweekly deposits.
The miners have an agenda , when you hear 'oh its sooo green, volcano's power it' just know that a guy in Sweden handcranking a windmill to mine is hardly the norm. Coal burners powered it for years, and will continue to do so, and there is no amount of code that can fix this waste. Just because 20% is nuclear powered, does not mean that power could have been used elsewhere to drive down energy cost for others. People in Europe and France right now are about to get their largest energy bill in history this winter. Bitcoin POW is essentially broken long term, as they can not fix it to POS as it will hardfork again because the miners make a fortune dumping the newly minted (inflation) coins on new entrants creating a constant selling pressure. Bitcoin is a granddaddy relic. The myspace/AOL of crypto.
Please let me know what you think brother!
I am not a bitcoin hater, the price may rise, but I think the alpha is in ETH.
Bitcoin has been a huge blessing to me, but the people that purchased coins at $60k are not vibing with 'store-of-value' right now. The product is only worth what it is denominated in Fiat USD.
Why do people hate fiat? Inflation.
What is Bitcoin fundamentally for another 100 years? Supply Inflation
"But Zen! Your wrong! Because we know the max supply of coins the new minted coins are all priced in!!" - if this were the case the price would not be wildly volatile. Another Myth from the Peter Schiff of Bitcoin - that salesman Michael Saylor. ..or as he says 'missionary'.
It really has 'cult-like' vibes hearing that, be a critical thinker and consider generational wealth in ETH.
Interested in Learning More? Click on the chart below for an in-depth comparison:
Ethereum- Wait on Bounce From The Support First, Then BuyHey all,
Cryptocurrencies are trading lower, as USD gets strong across the board and stocks turn down. There is room for more weakness in the near term, but the Ethereum can still be interesting for a bounce if the 68.1% and 78.6% Fib will hold.
For more details, check the video.
📌🔃What is Flippening (Ethereum vs. Bitcoin)❓❗⚔️ The possibility of Flippening of Ethereum vs. Bitcoin is much more than before!
King and Queen battle for taking over the Dominance has been continuing !!
The term Flippening was colloquially coined in 2017 and refers to the possibility of the market capitalization of Ethereum (ETH) overtaking the market capitalization of Bitcoin (BTC). Therefore, the term describes the hypothetical moment in the future when Ethereum becomes the biggest cryptocurrency by market capitalization.
Although Ethereum and Bitcoin are named the king and queen of the crypto space, respectively, and they seem to be friends; But there has been a battle for the power of these two leaders of the crypto market.
The dominance of the king-Bitcoin has been more than others and also of Ethereum, but for some time its dominance (BTC.D )has been closing to its ATL , and the dominance of the queen-Ethereum(ETH.D) has also been increasing and is closing to its ATH ,as the merge event approaches! but also at the meanwhile , OTHERS.D .USDT.D and .. Have been almost decreasing !
check it out here!
However many Ethereum supporters were hoping for the Flippening to happen. Speculators were stating that the greater flexibility and the ability to write smart contracts would propel Ethereum over Bitcoin in those rankings, but the Flippening never really occurred yet.
but now in my opinion if the merge event be successful , it is not unlikely that this will happen even within 1-2 yrs ahead, which is very critical for the crypto space and will change the current equations! but flippening is a litle unlikely in terms of market capitalization, but nonetheless possible!
So this term "Flippening" refers to the hypothetical moment of Ethereum (ETH) overtaking Bitcoin (BTC) as the biggest cryptocurrency isn't an easy event because according to coinmarketcap data , the current Ethereum MarketCap is about $203 B ,meanwhile the Bitcoin marketcap is about $379B (~2X bigger), so filling this gap need a lot of liquidity to be filled . At 100% crossing they both have the same market capitalization.
Even though market cap is the main metric to determine "The Flippening" (above), there are a number of there are a number of other metrics that you also can observe (below).
check it out here!
www.blockchaincenter.net
but the question is :What happens to Bitcoin if Ethereum takes over the dominance of it !?
Apparently, this happens completely to the detriment of Bitcoin; But maybe this theory is even completely opposite, that is, the strengthening of Ethereum does not mean the weakening of Bitcoin , especially in the long term!
! They are fighting for a common and greater goal, not against each other. Bitcoin's proof-of-work will always retain the very highest degree of imperviousness and security. That could become increasingly valuable in the coming years -- it should not be underestimated
Although, at the same time, with Ethereum's migration from proof of work to proof of stake, it can attract more liquidity than before! And in this case, both cryptoassets/platforms serve two very different economic functions. It would be about Ethereum becoming more valuable, and would not diminish Bitcoin. Bitcoin’s inherent value lies in its potential to be a quasi-gold standard and store of value.
At the same time, Ethereum serves as the backbone of Web3, propping up the DeFi and NFT ecosystems, among others, that comprise numerous interconnected platforms. So this is more about Ethereum increasing in value rather than Bitcoin losing its own.but it may reduce the appeal of competing layer-1s , i.e. Ethereum competitors!
Final thought:
Flippening has been an event that cryptocurrency market experts have been warning about for years, and now with Ethereum's proof-of-stake performance, the possibility of its occurrence has accelerated, and it can greatly influence the crypto space.
While a flippening may not really harm Bitcoin’s position and its inherent value proposition, it could have an impact on the wider crypto ecosystem in various ways.
sources: coinmarketcap-cryptonews.com
This article is For informational purposes only!
Ethereum going downHello everybody!
It's time to reconsider all crypto, because the correction that lasted from June until August I believe has finished.
There was a small chance of a last 5th wave in both Ethereum and Bitcoin, but since Bitcoin crossed his invalidation line, I don't see any other scenario other than down.
It was a nice flat from 880 to 2031.56 with a C leg which got almost 262% by Fibo.
Time to move on and look for a short position now. I personally don't believe in any huge bounce from the current local low of 1423, but who knows it's the market.
Looking for a further plunge. Good luck trader!
Bitcoin (BTC): Monthly analysisIt's over' August and we wanted to analyze the 1-month chart, with a simple and easy to understand chart without too much noise and too many indicators that sometimes confuse us with the real situation.
From our chart we can deduce 4 fundamental elements:
1) BTC is still in a phase of exploration of the mega support between $20k and $14k (2017 all-time high), we have drawn this support with a green rectangle as if it were a springboard for the price just in case it does not break it down.
2) Also at this strategic support between $20k and $14k we find the average 100 EMA drawn in yellow at a price of $16.5k.
3) An RSI that signals the relative strength of the trend below 50% to a value never seen in BTC history (37%), not yet oversold below 20%/30% but makes us understand that since the $70k All-Time TOP has made a huge correction but we have no signals to buy anything at the moment.
A bullish 50% cross could give us a bullish divergence and macro signals to enter the trend but we are not there yet.
4) The Falling Wedge pattern: We must always be cautious when drawing patterns in technical analysis, as we often see signals that are then canceled by the trend or simply rush the analysis and find patterns that do not exist. However, this pattern is a strong signal that when the market breaks the diagonal to the right (that of the high points), the price can break to the upside and decree the end of the bear market or simply a tactical bounce to a large endurance.
Conclusions:
The downtrend is not over yet or at least we have no clear signs of entering a LONG position at this time, however it is a good price to start accumulating and wait for signs of a bull market.
The recent aggression of the US Federal Reserve in removing liquidity from the markets and the global recession situation followed by high inflation put pressure on the Wall Street market and consequently on the cryptocurrency market, as that there is no fresh liquidity to increase the value of digital currencies.
Thank you for joining us in our analysis, if you liked it, give it a Like, comment and follow us.
LPI, grow with us.
A short term movement prediction for ethereumMarkets are in choppy mode. Future contracts dominated, very little volume for the spot. Elliot's fifth corrective wave not yet on the play but i expect very soon. Now it's the play time. #ETH may enter in the box and if rejected from 1700 - 1750 area, then a double top will be confirmed. First retrace will the trend support but if #btc plays 5th corrective wave, the correction will be deeper for both #ethereum and #bitcoin .This is not a financial advice. Always do your decisions by yourself.
ETHBTC Breaking above its 5 year Triangle? Full on Ethereum?This is the ETHBTC pair on the 1W time-frame where it's shown trading within its long-term trading pattern, a Triangle. On the August 08 1W candle it tested the top (Lower Highs trend-line) for the second time and after pulling back for two weeks, the current candle is again on the verge of hitting it. Can it break this time?
Well, the same Higher Highs formation has been previously seen another 4 times. Three of them started rallies (with the two extreme) and only one had the pair make a Lower Low that touched the bottom of the Triangle. Still, this is associated with general market rises and since this time the 1W MA100 (green trend-line) is in support, we can expect ETHBTC to break above the Triangle and have Ethereum gain over Bitcoin once again. If not, expect another Higher Lows test.
What do you think will happen?
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Total market value of cryptocurrencyBitcoin's daily line KDJ gold fork can break the downward trend and enter the upward trend just by breaking the red, orange, yellow and green trend line above. The weekly K-line trend line of the total market value of global cryptocurrencies will increase the total market value of the currency circle by another $1 trillion to $2 trillion after breaking the red and green trend line.
ETHUSDT Bullish GartleyETH presenting a potential bullish Gartley pattern.
Eth currently consolidating I would like to take this pattern and possibly hold until the merge. Hopefully as the USD has broken all time highs will may get a retracement that will allow of asset crossed with the USD to run bullish for a short duration.