Get started

EW

ETH 2.0 The Next Bitcoin 🚀 !Ethereum’s growth is attributed to an increasing number of developers building decentralized finance (DeFi) applications on the Ethereum blockchain platform. The rise of non-fungible tokens (NFT) also increases demand for Ethereum. Lastly, continued institutional interest in treating crypto like any other security also helps ETH. Coinbase is the new NYSE. ETH is No. 2 on Coinbase after Bitcoin. Seeing how the DeFi and NFT movements are directly connected to Ethereum, their increased activity has been the main driver for ETH prices in 2021, says Andrew Moss, GSR Capital’s managing director. “Users need ETH to interact with these technologies, so the more people who are involved with these communities and protocols, the higher the value of ETH goes,” he says. Where is ETH going? Judging by the current momentum of the cryptocurrency space and the increased interest in Ethereum, “our price target may easily be overtaken,” Grigorov said in an email correspondence. “More investors and developers are discovering ETH or moving onto the platform in search of a more robust, stable and secure investment vehicle.” For newcomers to the cryptocurrency market and its “companies”, Ethereum is a platform where developers can build apps favoring the easy creation of other alternative coins. An altcoin is basically any cryptocurrency other than Bitcoin, so ETH is an alt. Ethereum is the name of the underlying blockchain technology or network, while Ether (ETH) is the digital currency that powers the platform. “Ethereum can be described as ‘the open source’ platform of cryptocurrency, just like Google’s GOOG -0.3% Play Store or Apple’s AAPL -1.6% App Store,” Grigorov says. Just like in Bitcoin’s blockchain, each Ethereum transaction is confirmed when the nodes (participants) on the network reach a mutual consensus that this particular transaction took place and they are rewarded in ETH for their work, through a process known as mining. Mining can be easily described as solving/computing a complex algorithm in order to prove the authenticity of previous transactions on the network. “As an investor, one of my top list cryptocurrencies to buy is definitely ETH,” Grigorov says. “The upgrade to ETH 2.0 should spur more growth and give investors massive benefits.” That’s Ethereum. The update to the Ethereum network, known as the Ethereum Improvement Proposal 1559, introduces a base fee to Ethereum transaction fees, something all users are required to pay when they send a transaction. This proposal introduces a “burn” which – simply put – would allow for coins to be “burnt” or eliminated, thus reducing supply. I won’t pretend to understand all the computer technicals, but ETH 2.0 is looked at as a positive upgrade to the network, and therefore good for investors. “If we're still bullish by the end of the year, I'd say ETH would be closer to the $10,000,” thinks Ioannis Giannaros, Co-founder of Wyre, a cross-border payment API using blockchain technology based in San Francisco. “If we're in a bear market, we'll see lows back in the $1,400’s,” he says. Danial Daychopan, CEO and founder of London-based DeFi firm Plutus says there’s been a lot of “fear of missing out” when it comes to Ethereum. Investor inboxes have been flooded with something akin to “Ethereum moon” calls all month. “FOMO has played a big part, but a lot of this is driven, too, by the rush of smart money and thousands of developers around the world buying ETH,” he says. “Developers need ETH to pay for building their applications on the Ethereum network. Think of it as a toll fee, where the biggest computer in the world charges you tolls for using its immutable cloud servers and verifying every transaction you make on it.” The crypto investing story is the perfect get-rich quick scheme. It’s those specialty lose weight or gain muscle diets that never work; it’s the YouTuber selling you his stock picks from his Ferrari driver seat. But if we assume crypto is a fad, trending to $0, the opportunity cost for thinking that way is through the roof. Everyone recognizes this... If you invested a measly $100 in ETH in December 2015, you’d have over $125,000 today. Only those who believe in flying rainbow unicorns think they will ever make 125,000% on ETH again. Besides, they would likely sell if was up 100%. But true believers think they have a chance at 10,000% gains in five years. And why wouldn’t they? Look at what these coins have done so far. If ETH does reverse this week, there will be buyers on the other end, thinking the long game. Unless you believe the long-term result is the Ethereum blockchain being centralized, and everything associated with it becomes worthless. “If you’re an investor, just know there are at thousands of crypto losers out there,” says Daychopan. “Crypto has matured a lot, but it’s still the Wild West of investing. There are meme coins and projects that are there simply to take your money. Do your own research, invest in the future, but be patience and follow the smart money. The results will be in your favor if you do that.” Credit :Kenneth Rapoza Ridethemacro
BITSTAMP:ETHUSDLong
by Ridethemacro
Silver is going to outperform all other MarketsHey Guys, I am engaging my long entry for Silver as I have been watching this triangle forming up as Wave 2 (corrective Wave) for many months now. In my Opinion this will be one of the best possible entries to catch up the next bull run that is coming on Silver. Fundamentally we have been seen a lot of pressure with the last weeks FED-Meetings and their statements according to possible Rate-Hiking that shook up the whole Commodity Market (especially Silver bled a lot). Either way, this is a clear sign for me that with the latest Sell-offs on Gold and Silver we will be seeing a lot of pressure coming towards the major Markets such as Dow Jones and Nasdaq-100 as commodities always react before the stock markets do. Banks are stacking their longs on both Silver and Gold and wanted to have de facto cheaper entry prices to get the most out of the Bull run that is coming both in Gold and Silver. I'm super bullish since fundamentally will have a time ahead that is perfectly made for all sort of pressures Metals - only that I think from a technical perspective that Silver is going to Outperform all other Pairs since have been in this consolidation for exactly a Year now. Let me know what you think! I'm hyped for the Result. Greetings, Raffa
TVC:SILVERLong
by RaffaeleL
6
Gold forecast for the 12.07.2021Hey Folks, As you can see from my chart, I use the EW-theory to forecast. In the case of gold, I assume that the correction has ended after the sharp rise of the last few days. This is an extended flat correction in which the required parameters have been perfectly confirmed. In fact, I assumed such a correction in advance because the momentum was heavily on the bull side and in these cases an unusual correction can be standard. Assuming the correction is done, I expect clear buy signals towards new short-term highs at the beginning of the Asia session, which should then move towards 1824 before the first resistance becomes noticeable. From a fundamental point of view, nothing should stand in the way of this. That said, have a successful week! I am looking forward to your feedback. Greetings, Raffa
OANDA:XAUUSDLong
by RaffaeleL
2
EOSUSD short It has been a while since i have posted my charts here, i had some requests to do it again with enough feedback/ interest i will continue to do so Now let us go to the chart i expect eos to finish this wave lower (maybe a little push up before further downwards momentum) and hit one of my targets that are on the chart. After this i think we get a significant bounce up. i expect the same for BTC and XRP which i would post also Trade Safe and always use a SL ... nothing is written in stone and the market can always surprise you!!! If you have any questions regarding to my charts or about ew in general pls post them below and i will try to answer them asap
BITFINEX:EOSUSDShort
by dave83
9
XRPUSD shortIt has been a while since i have posted my charts here, i had some requests to do it again with enough feedback/ interest i will continue to do so Now let us go to the chart i expect XRP to finish this wave lower (maybe a little push up before further downwards momentum) and hit one of my targets that are on the chart. After this i think we get a significant bounce up. i expect the same for BTC and EOS which i would post also Trade Safe and always use a SL ... nothing is written in stone and the market can always surprise you!!! If you have any questions regarding to my charts or about ew in general pls post them below and i will try to answer them asap
BITFINEX:XRPUSDShort
by dave83
BTCUSD short It has been a while since i have posted my charts here, i had some requests to do it again with enough feedback/ interest i will continue to do so Now let us go to the chart i expect BTC to finish this wave lower (maybe a little push up before further downwards momentum) and hit one of my targets that are on the chart. After this i think we get a significant bounce up. i expect the same for EOS and XRP which i posted also (link is below) Trade Safe and always use a SL ... nothing is written in stone and the market can always surprise you!!! If you have any questions regarding to my charts or about ew in general pls post them below and i will try to answer them asap
BITFINEX:BTCUSDShort
by dave83
22
HOT possibly starting wave 5HOT seems to have finished the ABC correction of wave 4 and starting subwave 1 of wave 5 here. surely all depends on BTC to hold above previous low and HOT to to hold above previous low as well... My reasoning behind this is that the correction has been deeper than the 0.786 fib level and that it has managed to not form a lower low during the last BTC dip. the correction on HOT is longer than most other coins that could still be forming wave B of the correction... would wait for a pullback before longing here, because SL would have to be placed below swing low
Long
by cryptoheat
2
Gold moving in a 9 wave triangle heading towards 1930Hi Guys, today I want to discuss a bullish scenario on Gold. As you can see we are moving in a corrective Pattern. This is likely to occur in a position prior to the final actionary wave of one larger degree as wave 4 in an impulse. This looks similar to the pattern that occurred in Silver in Year 1976, where wave 4 was a 9-wave triangle followed by a bullish wave 5 movement. We can expect another retrace to the 1875 area, which is a good entry to catch the bullish momentum heading towards 1930. If the Area around 1875 holds, I am willed to enter there my long positions, calling for 1930 and 1950 in extension. Let me know what you think!
TVC:GOLDLong
by RaffaeleL
1
Gold - Wave 5 completed - heading towards 1839 Hi Guys, based on yesterdays turbulent FOMC session I'm going to updated my Idea on Gold. As you can see on the attached Chart I assume that we ended wave 5 of the EW-Theorie. This seems legit to me as I assume an extended wave 3, so wave 1 and 5 have to be similar. Also the fact, that we touched the top of the short-time uptrend enforces my theory that wave 5 is going to end here starting off the major correction "abc". Also, we are building up bearish divergences on the 1 & 4hr MAC + RSI which indicates falling prices. Therefore I am willed to engage my Short positions heading towards 1839 with first TP at around 1846. We can expect possible upward pressure from there, heading to 1853 followed by another correction to 1839. There I am willed to enter my long with strong margin, since I expect the start of a new wave heading towards 1930 in summer. Let me know what you think!
TVC:GOLDShort
by RaffaeleL