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Etherium

ETH Pattern to ATH and next move to $2,000.... BET!Eth has been trading the past few days in a seemingly mechanical pattern on the 4hr. A 3rd repeat of the last two patterns would indicate a first higher Low. Movement up to 1400 next 8hrs to test ATH, get rejected one last time before pushing through ATH and testing the resistance as support. That would complete the 3rd pattern and put us above the ATH with tested support. Assuming you see this trend yourself and believe its the next move through the ATH barrier, where does ETH go on its next impulse higher? Its been held back by this BTC consolidation longer than anyone expected. Some would say ETH has supported BTC from dropping further (i'd agree). ETH breaking ATH will also give BTC the jumpstart it needs to start moving forward again. Next 48hrs will be exciting. I'm 100% sure of it.
COINBASE:ETHUSDLong
by McGorgeous
Crypto Correlation - Etherium - BitcoinI posted an idea yesterday on the Accumulation phase of Bitcoin currently. I have been asked by several people in the post and in DM's about Etherium, Litecoin and other alt coins. Thought it be easier to make a post. As professional traders enter the crypto market - it's clear to see a shift in the behavior of Bitcoin and its merry men. If you zoom out and look at the daily charts or bigger, it's clear to see the dips and peaks at the same times - meaning BTC is a good indication of the rest of the coins... Why? - Bitcoin is mainly a store of value, it's making entry into other alt coins easier - it's more trusted (i would like to say it's more understood, unfortunately not the case). You have several types of crypto players: - Early adopters (usually tech guys n Gals) who believe in the concept and want to change conventional thinking. - Consultants (usaully ex KPMG, PWC) will call themselves experts, charge the early adopters thousands in fees for their business acumen & adding no real value. - un-sophisticated investors; wanting to invest in the next facebook. - Friends of early adaptors who now see $$$ signs. - Tech investors who see more than a trade setup. - Savvy investors who want control (these guys take it to "investment instrument level" - Then the late adapters - who want to play, make a few dollars, and hope to ride the bull wave to the moon. - Everyone else. The issue is the more institutional traction, the less likely of a full out bull run - investors know how to play the game to sucker the other parties into making more money for themselves in the process. So we will now start to see behavior more like Gold, Oil, FX - instead of the tech boom bull runs. As traders, not investors - you need to adapt. If you are not looking for a drawdown, you need to buy the dips. Whereas an investor would pile in the money and come back in 5 years. As far as Etherium, Bitcoin or alt coins. Think of it like this. Bitcoin is kind of what the USD is to currency and commodities. An easier way of putting it is "Bitcoin is the windows of the operating system space" - Ethereum is like Linux - it can be used for projects, not everyone understands it or wants to. It has its place and that has value in its own right. Feel free to comment below. 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.
FOREXCOM:ETHUSDEducation
by Mayfair_Ventures
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