Ethereum buyers shouldn't worry and here is why!Cryptos have a habit of repeating some patterns over and over again. Ethereum is no different.
I took a closer look to Ethereum's bull market and in particularly 3 fractals which all appear to share a similar candle action to ETH's price volatility from October 2018 to date.
Initial price drop, high volatility (consolidation) with an obvious Resistance and then aggressive rise. The exception is Fractal B which consolidated longer (almost twice as long) making a re-test of the initial drop/ low (even slightly breaking) it, before it broke out. It did however increase much more than then other two (around +4,300% as opposed to Fractal A +1,800% and Fractal C +480%.
Assuming that ETHUSD hit the bear cycle's bottom in December, we can expect it to start rising more aggressively on the short term. If I had to make a pick one Fractal of the three to fulfill this scenario that would be Fractal B as in duration it is much more similar to Bitcoin's expected consolidation phase. In that case we have roughly another 175 days of trading between the cycle's bottom ~80 and current Resistance ~ 185.
Do you think ETH bulls need to worry? Hit me with your estimate in the comments section!!
Ethereum (Cryptocurrency)
ETHUSD : Tehncial vs Intuition part 2What lesson can we take from this chart?
1. "Technical analysis not always right" , sometimes we need to follow our feeling too.
If I followed my Mar 18th Idea, my stoploss already hit by now. And if that happen should I blame fibonacci and Doji?
2. We have many great analyst at trading view , all of them work very hard to analyze and post a "briliant idea" . But if one Idea goes wrong,
If my stoploss hit......, that's not fibonacci or doji fault. I also cannot blame chart or analyst , coz the final decission is on my fingertips. I am the decission maker at my own trade .
Dont forget to hit "Like"
Mar 18th Analysis
Mar 21th Analysis
Mar 22th Analysis
TOP5 Alts Trends and PatternsFollowing the same idea previously shared (using the Total Market Cap) I'm also keeping a closer eye on this TOP5 (excluding BTC). The broadening wedge isn’t perfect nevertheless the resistance is now being tested and it may be a good idea to see how this will play out.
The Total Market Cap already broke some of the identified resistances but nothing is a straight line. Considering this, we should expect more volatility in the next days/weeks but as far as each resistance turns into a support we will keep pushing higher.
As we can see on this chart we may also break this downtrend soon and if we do, everything can start to be a bit crazier… in that case stay cautious and don’t FOMO in. More opportunities will come to buy cheaper (but maybe not below the lower low, we will see).
TOP 10 Strong Altcoins 4 LongTerm Bullish Potential @alanmastersGood Day & Life!
My fellow cryptocurrency lover, I would like to share a trade idea today with a completely different format, so this is something that is requested from me on a daily basis, so here you have it by popular requests.
Today I will be sharing a list of TOP Altcoins that are STRONG for LONG TERM holding and at the same time have good BULLISH potential.
So the key words here are TOP, STRONG, LONG TERM and BULLISH... This is what we will be looking at from major to minor altcoins.
I am hoping that you enjoy this post... Feel free to hit like if you want to now, to show your continued support.
Before we get started I need your help!
I am going to be writing a series of TOP 10 articles mentioning different categories of altcoins to consider for the top 10 list but we have many, many options, there are thousands of different altcoins... Here is where/how I need your help.
I need you to leave a comment choosing which of the following category you best prefer to read about next, as well as share your own variation for me to consider for the next post:
(1) TOP 10 Altcoins for Short Term Profits
(2) TOP 10 Altcoins with Highest Profits Potential
(3) TOP 10 Altcoins with Best Products
(4) TOP 10 Most Popular Altcoins (your choice)
(5) TOP 10 Altcoins with The Biggest Gains
So pick one, or multiple choices, and add your own to the bottom of the list. You can leave a comment and I will share next the list that gets more requests...
Remember to mention your favorite altcoins or the one you want me to look at in case #4 wins.
Now... Let's get started!
Thanks a lot for the support.
TOP 10 Strong Altcoins for Long Term Bullish Potential
Binance Coin (BNB)
I believe Binance Coin (BNB) to be one of the strongest altcoins which you can buy and hold for long term growth, stability and profits potential.
Binance is the biggest cryptocurrency exchange by volume and lists some of the best altcoins in the market for us to trade.
Binance implemented credit card purchase to buy cryptocurrency and its own altcoin, BNB, can be used to pay trading fees.
Here is the quick conclusion, the more the cryptocurrency space grows the bigger and better that Binance Coin becomes. And since the market is really young, this altcoin has the potential to keep on growing more and more.
Trade ideas:
BNBUSDT
BNBBTC
Ethereum (ETH)
We continue with Ethereum (ETH), which is a " decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference."
Ethereum is the second biggest cryptocurrency by market capitalization, second only to Bitcoin.
Ethereum has its own "reality" in the crypto space and most exchanges offer trading against ETH.
This is a very strong project with huge long term bullish potential.
When you look at the long term chart, ETHUSD is basically at its bottom:
Let's continue.
Litecoin (LTC)
Litecoin is the first Bitcoin copycat and has established a reputation as being a very stable altcoin project.
Chart:
Even though my charts are showing profits potential compared to all-time highs, altcoins can create new highs just as they can create new lows.
A new all-high can push the price of any altcoin project dozens of times higher than the last high. All that is needed is a bull run.
Cardano (ADA)
Cardano is one of the best and most trusted projects out there and it is already being used in different types of commercial establishments in Asia (Korea).
The last bull run back in late 2017/early 2018 pushed ADABTC to generate over 3,000% profits. With these altcoins projects being the ' companies of the future ', the potential here is hundreds of times of what we are seeing now.
Here is the chart:
Cardano is a great altcoin which is strong and can be held long term.
Siacoin (SC)
Now, we looked at big market cap and famous altcoins, here we will be looking at two smaller but older ones.
Siacoin (SC) is a project that has a real working product (file/cloud storage) and has been around for long. It is said that Satoshi Nakamoto, one of Bitcoin creators, lend his support to this project.
And old gem, Siacoin is massively stable and has lots of potential for future growth.
Right now sitting at very low prices, this is an altcoin that can grow 5-10X easily within this year, and up to 50X by the next cryptocurrency market bull run... Wait, wait... I know, this is huge, but this is how the amazing/crazy cryptocurrency market works.
DigiByte (DGB)
DigiByte is another old gem and I am sharing it here simply because of its long term potential and stability as an altcoin project.
DGB held its value better than most of the altcoins available throughout the bear market.
Chart:
BitTorrent (BTT)
From old to new, BitTorrent needs no introduction. BitTorrent is a file sharing system that now has its own altcoin which can be used to monetize content and traffic while sharing online.
This project is linked to TRON (TRX) and has huge massive growth and long term potential.
Here you can find our BitTorrent trade, this is for the medium term, long term potential is much, much higher:
Basic Attention Token (BAT)
This is a favorite for my friend and developer and for good reason. BAT has its own browser which can be used to monetize traffic on any website... The method of payment? BAT of course.
This project comes from the creators of Mozilla and is a must-have for any cryptocurrency lover.
Ripio Credit Network (RCN)
One simple feature got RCN into this list, which is the Ripio Credit Network New dApp.
Basically, Ripio Credit Network has a dApp now where you can loan them money and they give you a % back in 30 days with Ripio backing all the loans. This gives out a varied return, monthly/yearly, for RCN that you would be holding anyways if you are into crypto. At the same time this feature can promote long term slow steady growth for this altcoin.
This feature is active now and can be found here: rcn.loans
RCN has huge growth potential that can go beyond ATH long term:
Bitcoin (BTC)
Needless to say, BITCOIN IS THE NAME OF THE GAME.
BITCOIN IS THE BEST!
You can always buy and hold Bitcoin long term as this is the best cryptocurrency of all.
Namaste.
Conclusion
Here we have a mixed list of altcoins, I tried to put in new projects, old projects, known projects, not so known, with good profits, etc. Variety, so there is a little bit for each and every one of us.
Which TOP 10 Altcoins you want me to write about next?
Remember to hit like and leave a comment with the altcoins that you believe are best.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
Ethereum Bullish Cup & Handle Pattern (Potential Breakout)I am seeing a bullish cup and handle pattern on the Ethereum (ETHUSD) BitMEX chart. If this pattern plays out to the bulls side, ETHUSD can produce massive gains.
A break below $126 (marked with a brown dashed line) would invalidate the above chart.
All the details on the chart.
Feel free to hit like and thanks for the support.
Have a great Sunday.
Namaste.
Bull run still not confirm ( ETH/USD )Fairly good, now Many people think the price will Bull run. but still we are not confirm it will bull run or not.
Prices may grow a bit more in coming hour. How the price bull run went up last year. Bull run does not match with last year.
We are now in a very important place. If ETH cross $124 Afterwards we have a further support in $130.
and if ETH cross $130 most of the possible increasing price. but We are still in confused, because If ETH go down to $ 120 again.
ETH again can touch $115. If we look to indicator RSI showing downtrend. So we need to confirm, So you need to wait least 24 hours for market price direction.
And
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It Pays to Pay Attention in CryptoFor years I have been reading about technology and what the future might be like. So far there have been many advances but for every advance there were always let downs, disappointments, economic and social barriers, and general delays. Everything seems to be spooling up at once. A crossroads of sorts is forming. Some call it the singularity, some call it transcendence, some call it the second coming of Christ, and some call it judgement and hell. However you look at the advancement of technology one thing is certain, there is tech being developed today that will change the future forever. How do you spot it? How do you own a part of it? What is the ultimate goal, and how do you weed out failures? I can't answer all of those questions but I can emphasize what I've noticed. There are things being developed that get dismissed off hand by many but to me seem like some of the most powerful technical achievements we might ever see in our lifetime (even if technology manages to extend that too). We will think back to this time and wonder how we missed one idea or another and how it was so simple yet we didn't see it.
In walk the ethereum upgrades. Ethereum has lost a lot of monetary value in the cryptocurrency bear market but there is something I noticed that it didn't lose, developmental and implementation value. Many people criticize the delayed roll outs of features they want to use today as well as pointing out the falling price. Despite these controversies I see ethereum tackling problems never before mastered in computer programming. True randomness so that proof-of-stake can't be predicted? Are you serious? Then making true randomness accessible to anyone who wants to write a decentralized application? It sounds so trivial but it's a basic problem in mathematics. How do you create something random enough that your method or algorithm can't be eventually predicted? The things being worked on right now just to get the new proof-of-stake system working are some of the most groundbreaking subjects in computer science to date yet all I see is burned traders scoffing and competitors claiming they have a "superior" solution to ethereum that works "today". Sure, but at what cost? There is always a trade off for taking a shortcut. The people working on ethereum refuse to take these shortcuts. When I see this type of dedication and development happening I can't help but notice. My confusion is why so many others are not noticing. Do they not realize the implications? Maybe that's it. Maybe if you don't pay attention in math class about true randomness, maybe if you don't read articles about what's next in technology on a regular basis so you can filter out the noise and eventually get to the baseline signal, you miss out. Maybe I'm freaking out over nothing, but this feels like the next google. Google's search engine technology and the way they implemented it took them far beyond what many people thought was possible, something that was obvious to a person like me even though I was still in high school. I didn't have $10,000 to throw at the IPO at the time and it felt like it was out of my reach. I was young, inexperienced, unable to see the value of my own well thought out analysis of the future. It wasn't a second thought for me. I knew google would run the internet. I wasn't surprised when it happened. This familiar experience is happening again except this time the technology is ethereum and the crypto space in general. This time I'm ready, this time I have capital to spare, and this time I'm not going to let my position in society or my own limitations get in the way.
Are there projects I'm not talking about, sure. Here is the main point, pay attention to what is going on around you, know what the problems in the world are, and when you see someone working hard and solving those problems pay close attention. That little problem may be holding back a ton of innovation and as soon as it's solved an explosion of products and services are coming that will change the way the whole game is played. I always joke that I'm a jack of all trades and a master of none, and it's mostly true. I'm interested in too many subjects to stay enraptured long enough to become the foremost expert on anything, but I will say this; having a wider view and paying attention allows you to see obvious advances that even the experts miss. Keep your eyes open, be interested, and pay attention. With a little dedication, you'll stumble upon some gem no one else is noticing. Happy trading.
EW ANALYSIS: Ethereum Just Finished An Expanded Flat CorrectionHello Crypto lovers! Let's talk about Ethereum!
Well, just like Bitcoin, even Ethereum made sharp and impulsive five-wave rally at the end of December in 2018. And such sharp legs usually indicate a reversal, at least for a bigger correction of a higher degree!
So, after that impulsive leg A/1, ETHUSD dropped into a wave B/2 correction, which we see it as a big expanded(irregular) flat pattern! Flat corrections are made by three legs into wave "a", three legs into a wave "b" and motive wave "c" should be completed by five waves. And, as you can see, Ethereum made a clear 3-3-5 expanded flat correction back to ideal 61,8% - 78,6% Fibonacci retracement and 100 support area!
That said, we believe that Ethereum can be ending a big a-b-c expanded flat correction here in wave B/2, from where we should see a bounce back to highs for a wave C/3. So, if ETH turns sharply back above 120 region, then we may start considering bullish scenarios. However, ETHUSD may go even more complex here, so as long as it's moving above 80 invalidation area, we will remain bullish!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
MARKET PSYCHOLOGY & CYCLEYou will often come across the term market psychology. This is different from your personal psychology. Market psychology is the same as market sentiment we just discussed. Market psychology is the overall feeling that the financial market is experiencing at any given particular time. There are several factors that contribute to this market psychology and include economic circumstances, expectations, fear, greed etc. All these factors taken together actually contribute to the trading patterns of the investors. There is nothing much you can do about this because, apart from hardcore economic circumstances, human psychology also plays a very vital role in determining the overall market sentiment.
The problem is that all humans cannot be rational. Many of the traders will be driven by emotions like fear and greed. As an individual trader, no matter how rational you are, the moment you see that majority of people thinking that market will move in a particular direction, your rational mind will face a revolt from your emotional side and even if you know that majority of the people are thinking wrong, you may still end up trading in the direction they are trading.
It is because of this weird conflict between rational mind and emotional side that you cannot really depend solely on fundamental analysis of market. Often times, it is very important to go for technical analysis too because it will tell you, without taking account of emotions, the direction or the pattern that the market is following. Technical analysis is based on historical price data. This is crude data we are dealing. They are numbers that are brutally true. The numbers don’t speak emotions. But again, technical analysis cannot alone give you the true picture and you will have to use fundamental analysis at times. So, market psychology can be like a dreadful nightmare but that is what you need to deal with by balancing between your fundamental analysis and technical analysis. Knowledge and education is key to success in binary options market. You cannot afford to be irrational but you cannot even ignore those irrational traders who can and do affect the market as a whole.
Longs and shorts: short analysis!It seems like people is opening more shorts (red line) with respect to (green line).
This keeps pressure for the bulls and the price is not showing bounce signals.
Keep also in mind that the total shorts opened are still less than total long opened.
We suggest to keep short and longs in consideration before making any trade on ethereum, as the price is very volatile due the low volumes.
How to turn 100 dollars into 1 million in 926 trading days ?Hi guys, I wanted to share with you a strategy that I am using currently on one of my accounts.
The goal is to make this account growing with a target goal of 1 million USD without making any withdrawal.
I would call it "The turtle millionaire strategy" . Some of you probably use it or know it but some of you never imagine this possible.
YES if you are patient and disciplined you can turn 100 dollars into 1 million dollars.
How? By giving you the chance to grow your account slowly but surely.
Imagine that your daily average goal is 1% ? It is clearly something highly reasonable and possible with a $100 account because we actually use a minimum leverage of 0.01 lot which is actually 1K in reality.
An exponential strategy:
Day 1: $100.00 (1%) = $101.00
Day 2: $101.00 (1%) = $102.01
Day 3: $102.01 (1%) = $103.03
Day 4: $103.03 (1%) = $104.06
....
Day 50: $162.83 (1%) = $164.46
....
Day 100: $267.80 (1%) = $270.48
.....
Day 200: $724.36 (1%) = $731.60
.....
Day 300: $1,959.25 (1%) = $1,978.85
.....
Day 400: $5,299.42 (1%) = $5,352.41
.....
Day 500: $14,333.94 (1%) = $14,477,28
.....
Day 600: $38,770.63 (1%) = $39,158.34
.....
Day 700: $104,867.35 (1%) = $105,916.02
.....
Day 800: $283,646.65 (1%) = $286,483.11
.....
Day 926: $993,735.37 (1%) = $1,003,672.73 (MILLION DOLLAR BABY)
Being patient is the most difficult to follow this strategy and I give you below some steps to follow in order to reach that goal:
Step 1: Create a dedicated account for this strategy. It should be different from your main account. You must only use this strategy for this account.
Step 2: Deposit $100 on this account
Step 3: Your daily goal should be 1% of your growing capital. Of course you can do it using a scalping strategy but you can do it also with a few swing trades. At the end when you make your average performance it should be at least 1% daily.
Step 3 bis: Personally I use a swing strategy and identify only 2 to 3 swing opportunity per month. Those swing trades will give you high winning rates with minimum risks. For each trade I can expect hundreds of pips. Don't need to make scalping this way.
Step 4: At the end of the week or the month make a summary of your account performance including floating profit or loss.
Note: If you make withdrawals of your profit it will take more much time to reach the 1 million goal that's why I recommend to use a specific account.
Happy trading !
Quantum Crypto Narratives What we are observing now in the crypto bear market is the collapse of the narrative wave function from critical observations making knowledge common, which manifests itself via price.
The crypto narratives that survive must be the most antifragile. And as we've seen in previous crypto market cycles only the strong survive. Does your cryptocurrency have the narrative that will survive?
ETH Spoofing, what did they do and what was the resultToday i described the spoofing that was going on with ETH, almost step by step. I will post all the messages here below, look at the signs and try not to get fooled by these cheating bastards.
1) 4 hours ago
Comment: Ping Pong action again, always the same when volume drops to these levels.
Nothing really changed, except that we have a resistance now around 3840/50 as well. Alts are still doing okay, Litecoin even reached the target already. ADA also been strong the past days. But i personally want to see XRP show some strength. That one still has a lot to make up for.
ETH seems to be used as well by the whales for spoofing. The volume on this one increased a lot the past month, so probably a lot of money to be made by them. At the moment seeing a 2 mil and 4 mil sell order, of course completely fake as usual. They probably try to get their longs filled.
2) 4 hours ago
Comment: Just watch the price action closely of ETH on Bitmex. You see those big sell orders go away as soon as there is a little bit of buying. They stay away, just until the buying slows down, they pop up again. Just think of it this way, if you have such a big amount you want to sell. Would you throw in a 6 mil sell order while the buys are like average 100/200K? If you really want to sell, would you scare the whole market with your sell orders?
There are 2 reasons why they do it, that is to push the price down to new lows or (what they usually do) push the price down into their buy orders.
I remember the drop from 8K to 6K after the 8.5 high. Back then we could see similar tricks, but was going on at other exchanges as well.
So of course we can't really say what their intention is, but if we don't see a controlled operation throughout several exchanges, we could assume they are just trying to fill up their longs.
But if we see them doing it on several exchanges, than we can assume they are trying to push the price to new lows.
3) an hour ago
Comment: Here we can see the chart of ETH, yellow circle is when i saw the spoofing (could have been going on even longer). Blue circle is when i mentioned it, as we can see, we have only been moving up since. Also we can see the bigger candles are buy candles. With the current drop (just logging in again), i saw again spoof sell orders. People just keep falling for it.
As i mentioned before, it's not easy to say what their plan is. But general advice is, ignore the spoofing and just follow your own TA.
4) Just look at this shit, those manipulative bastards. Creating a fake (ugly) H&S on the right. With their spoofing, scared traders who react on it and eventually we see a small short squeeze. Taking the money of the ones who shorted because of their spoofing.
Now after this squeeze, it could be their plan is already finished, but it the move seems to be a bit too small. So it would be likely to move up some more. But earning 2/3% on a few million, is not small of course.
Using Boxes To Understand Support & Resistance LevelsOn any given time period, you can place a box from a wick and span it across the chart. No interference of a price level usually means that outstanding orders still exist. Thus, buyers or sellers may be present at that level again to fight opposite of the trend since they were just pushing from those levels before.
It's a great gauge to understand how much price will struggle to pass through these distinct zones. For example, since Ethereum is bearish but found buyers at $89, $87, and $84, we can expect some support at these levels. The bigger the wick, the more it will struggle to pass through. This idea on its own does not indicate a bounce, especially because price failed to hold action above these levels. It just means it will fall less quickly in these areas, re-testing these same zones again.
I made the first level green because it should be the easiest zone to pass through; small wick, with small amount of buyers at that wick before price turned over again. The second level is yellow, because the wick is larger and had substantial buyers following that wick's action. The third level is red, because that wick is the largest in the series and had a very large amount of buyer's following it.
How to use my Indicator/MethodBuy Green
Sell Red
//
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
//
it works good for stocks and cryptocurrency.
//
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
//
when a green dot appears you buy, if a green dot appears after that green dot you hold your investment.
if a red dot appears you sell your position. easy as that.
//
the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
//
shorter time frames will be choppy.
//
larger time frames will be smooth.
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*Daytrading smaller timeframes is possible but not recommended.
ETH/USD - Trade ReviewI take you through a trade that I took last night in detail with my plan and how I executed it.
I was wrong about this trade and I'm owning it, and I believe that's a must here.
I'm also being honest with the execution of the trade and the percentage I risked on it.
I hope you guys and girls enjoyed this video.
Peace :)
How to use my indicator w/ a basic plan.I got asked "What should I use if I only have a basic tradingview account without custom timeframes?"
Here is a video explanation of what i would recommend.
Monthly / Weekly / "Maybe the daily to scalp"
Monthly will identify overall trend in the market
Weekly will be a good hold and sell
Daily to scalp as the market is going up
Hope this helps. :)
Master Elliot waves and Master Trading!
Again, I trade on the 5m chart. We are headed down to wave leg #2 at the moment, feel free to utilize this pattern and make profits! I wish I could post the 5m chart but TV wont let me due to time lapse. On the 5m chart the Double bottom shows better but not on this chart, sadly. Elliot waves are worth learning, they work! Thanks!