Get started

Hardfork

Ethereum could go up 200% over the next few months!!!The Istanbul Hard fork is scheduled to happen this Saturday. This will allow transactions per second to climb from 15 to 3,000! Combine that with the fact that the DEFI space is growing exponentially and we're looking at formula that could very easily break us out of our falling wedge and to the top of the upper end of the trade channel. 1. Count down clock for the upgrade ---> etherscan.io 2. 3,000 transactions per second ---> www.fxstreet.com 3. Shows DEFI utlization ---> defipulse.com 4. Chico can be a little crazy but his take on Defi is spot on ---> www.youtube.com
COINBASE:ETHUSDLong
by In_the_future
Will Monero growth before the hard fork?Monero, both technically and fundamentally, looks like a good asset to consider buying it. . Fundamentally: A hard fork is expected at the end of November (November 30). Monero is going to activate an update in its blockchain aimed at increasing the privacy of RandomX users (the new Proof of Work algorithm). The transition to the new RandomX algorithm is aimed at solving one of the main problems of this cryptocurrency, namely hidden mining. . Technically: After the breakdown of the previously formed resistance level in the region of $ 58 / $ 60, we observe a nice price tightening, which in turn forms the figure of the technical analysis “Rising Triangle”. To all this, on the chart, sometimes increased volumes for purchases pop up. The RSI indicator cools slightly at the moment of preload, which gives freedom for further upward movement. . Bottom line: In the aggregate of the positive fundamental component, supported by technical analysis, which also speaks more for the continuation of the upward movement, it is worth taking a closer look at this asset now, but with a short stop order, or go into a true breakdown of the triangle with the first target in the region of $ 70, and the second in the area of $ 75, where the price is more likely to meet resistance from sellers, these levels coincide with the levels of 0.618 and 0.786 Fibonacci. Meanwhile the market depends upon the bitcoin`s movement: if bitcoin goes down sharply, then this triangle can be broken down.
BITFINEX:XMRUSD
by Neironix
A Fundamental Fundamental Analysis of Cyrpto Market Tonight, I wanted to do something a little different and look at crypto at a macro level, using the BitcoinUSD pair as my basis, since it is widely considered the "reserve currency" of cryptocurrency. I'm using Coinbase exchange, since it is arguably the most available to everyday people, so I can look at the broad sentiment of the market, not just traders, bots or enthusiasts. I want this to be a guide for me in the future, aswell as a guide for anyone who's wondering what happened back in 2017-2019. For those viewing this in March 2019, I'm not neccesarily "bullish" on Bitcoin right now, but in the long term, the way I see it there is no reason for bitcoin to NOT go up, short of a failure to solve the scalability debate, but its in my belief that one cryptocurrency (I'm personally rooting for Ether) will be able to do that AND maintain security on the blockchain. tl;dr,: There was extreme FUD that lead to the cryptocurrency crash of 2018. The beginning of 2019 is the first time Bitcoin has looked bullish in one and a half years. As a result, this may be the start of another cycle, and accumulation will begin here. However, I believe a cap to Bitcoin's performance is its' scalability, and we will not see an increase in price past ATH without a solution. First, I need to talk about what started the bull market: Block Reward Halving - Reduced supply, increased demand via demonstration of technology Ripple Rumors - this was back when coinbase listings were HUGE, a definite boost to the price( I actually remember my french teacher telling me to buy in before this. Guy traded rare metals, but was somehow above the curve.) Bitcoin Fork - This one is big, I discuss it below. The best thing about this time (other than the ripple rumors) is that it was a great demonstration of how Bitcoin can really function. The bitcoin fork debate was a long and overdue controversy that was honestly, keeping bitcoin down. Such uncertainty was pretty much preventing people like me and you from being able to explain why they should get bitcoin when it has the opportunity of literally breaking soon. Aswell, all of the toxicity brewed in the space made it so those checking out Bitcoin on social media were suddenly flunged into this internet flame war of hatred and vitriol and a whole lot of uninformed people talking about one of the most complex monetary and information systems to come out, since the internet. Just to drive this point home, imagine that when nerds in their basements were discussing the formation of "an internet" that they also had all of their life savings invested into this... yeah yikes, but it did play out for a lot of them. With the removal of this huge uncertainty, and the addition of a new currency Bitcoin Cash, money began to flow into the market. It was also a demonstration of the two important mechanics of Satoshi Nakamoto's white paper. Forks and Halving. Both successfully done showed that Bitcoin had at least the game theory aspect to become a real autonomous currency. So with all of this, why did Bitcoin fail in 2018? Simply put, it is not ready to be used as a true currency yet. We have to remember that the goal is to replace all credit cars, VISA is capable of >24,000 transactions per second. Bitcoin is capable of a measly 3-7 (without LN). This is why Bitcoin wasn't going to succeed in the first place, it wasn't and still isn't ready for the wider market. Everyone reading this should view Bitcoin as an ALPHA of a revolutionary monetary, financial, informational, and currency system. This is big. Lets look at the events that lead to Bitcoin's 2018 crash: Mempool fills up - $30 transactions prove that Bitcoin is unuseable Bitconnect Crash Korea FUD - in hindsight, this wasn't even nearly that bad. However, at the time it filled markets with uncertainty Coincheck hack - Millions lost on Japanese exchange SEC Statment on ICOs, Binance is sortof hacked? ICO ads are banned on Social Media EMA death cross - From a TA point of view, this is when you were to sell. China Bans exchanges - grossly over exagerated at the time, China is still a big part of crypto as well Bitcoin Tanks on Bitcoin SV fork - I'm going to be honest, I sort of blame Craig Wright for creating the FUD that demolished the crypto market in November. In retrospect, the amount of bad news that was coming out in the time its understandable why the market crashed like it did. The amount of FUD that was induced in pretty much normal investors was going to definitely shake out a ton of weak hands, and as a result the market tanked. I'm not going to talk about all of these, since its very self explanatory. The market was tanked by a ton of FUD. Aswell, the same thing that brought the rise of Bitcoin took it down, Forks. During the time Bitcoin SV was challenging Bitcoin Cash, the fear in the market was palpable. Craig Wright really did sound like he had thought it all out, and was going to crash a cryptocurrency. This would be catastrophic for the concept of Blockchain based cryptocurrencies. It would prove that a malicious actor with enough capital can destroy your investment if he felt like it. Thank fully, were passed that, and now it serves as another reinforcement of Satoshi's fork protocol. The December - January period for crypto was extremely weird time for me to be in crypto. Typically, when I would tell people about crypto, they would say I was invested in a Ponzi since they didnt understand how markets and value works. However, during this time, I would tell them "hey you should check out ethereum" and they would say "yeah I already bought a ton of REQ" , or a token or XRP. What I noticed was, they didn't know anything about how crypto worked. They thought, since ethereum and bitcoin were too high of a price, that they couldn't buy a divisable form of it, despite that being one of the cornerstone parts of the cryptocurrency. I was absolutely shocked and dumbfounded at the same time. Here it was, the great rally of my lifetime, everyone getting into crypto, my insane ramblings about the future of smart contracts was about to be met, and everyone around me was buying XRP because "It was only a couple of cents bro". This is why I've came to come up with a new indicator of when to sell. I dub it "the normie crypto index". Just ask 10 people not familiar with markets, if they are invested in bitcoin or crypto. If the overwhelming majority say yes, get bearish because you are in the "public participation" phase. But in all seriousness, at the time you could definitely tell there was too much FOMO at the time. You can look at google trends chart, youtube views for cyrptos, or even ICO money raised levels. They were aboslutely insane, and they were overbought. We can actually see this on the RSI, showing that at this period it was overbought. You may be asking yourself, well why is it fine to be high now, but not then. That is because the price isn't at the top right now. In fact, the RSI doesn't neccesarily indicate a sell , just when the market is overbuying. This can be a good thing as demonstrated by the several overbought zones of bitcoin in the past. It is healthy for bitcoin to be overbought sometimes, and then consolidate, and repeat. However, when the RSI was overbought then, it was just pure exuberance. The beginning of 2019 is the first time that cryptocurrency markets look bullish. There is still bad news, such as Quadriga's CEO death, but it's not at the same rate and severity of 2018. Since the price is so low, were seeing massive amounts of market manipulation with random bot spikes every other day. Consider using these to your advantage. Place a buy at a low point on the graph and wait for a whale to dump it onto your buy order. In all case, if you do chose to follow my analysis( at your own risk, im not responsible for your trades), then anytime in the accumulation phase would be fine, even Dollar Cost Averaging can reduce the risk that bots present. In all, markets look "better" then before, but I would not consider this the definite "bottom" until we break the descending trendline, and maybe until we break the 50 day EMA. Be careful, we've all seen a descending triangle before in 2018, and there is a STRONG risk that markets take a nose dive to 2k levels. I still wouldn't consider this the end of cryptocurrency as I told you earlier, bitcoin is in its infancy, and it will, either in concept as a blockchains proliferate, or as a serious contender in the future. If you made it down here, Thank you for reading this. Please give me your comments on this. Tell me what I did wrong, good, or what I missed. I really appreciate you having read, or at least skimming down here.
COINBASE:BTCUSDLong
by Jorji
Goldcoin launch new ticker GLC tomorrowThis is the chart showing Goldcoin the night before the ticker change from GLD to GLC. Years in the making! If you have 1 BTC you will get 1 GLC. Here is the link to the reverse hard fork and goldcoin whitepaper . www.goldcoin.org Chart shows Goldcoin (current GLD) since the announcement in December. I believe that what we see over the past 8 days is some direct selling (IMO) in advance, and discounting offline since there is no semblance of an OTC desk - rather insignificant volume has moved, what looks like only 5% volume down, as everyonee seem to be holders and waiting this out . Although the price is down 20-30% since early March, it is NORMAL since there have been two full months of NO price movement. Telegram group community supporters suggest the price will skyrocket to $1-100 dollars up from 6-7 cents where it is now. In early december, it was 2 cents. So this would require a 50X minimum increase. DYOR, all investments are risky. Goldcoin reverse hard fork is supposedly taking place in June 2019 where Bitcoin holders will receive Goldcoin. Tomorrow is the day for the launch of the new ticker GLC. #2013theeory
GLong
by mgogel
ETH Constantinople Hard Fork Short strategySo tomorrow ETH Constantinople Hard Fork is happening which should increase market volatility as usually it happens during most of the major forks. Currently in 4h chart ETH is in ascending triangle which suggests for continuation of a drop if it breaks the line. Since Bitcoin had a big leg down recently, and it is expected to have another one - the market sentiment is bearish again. I will be looking to catch quick 10% scalp trade if I see that volatility increases. Moreover, if BTC would have another leg down, I believe ETH would have bigger drop than majority of the coins and could drop to about $100 area where is another major resistance.
BITFINEX:ETHUSDShort
by IDK13
Ethereum Constantinople FORK, what do you need to know?BITFINEX:ETHUSD BITMEX:ETHH19 BITMEX:ETHUSD COINBASE:ETHUSD BITSTAMP:ETHUSD The "Constantinople Hard Fork " is closer than ever, scheduled for release on the 28th, this week on the Ethereum network. However, there is still much confusion and even misinformation about the nature of the supposed fork. Constantinople is part of the Metropolis project, a series of upgrades and improvements to make the Ethereum network more sophisticated and much more efficient. This will be done through different changes that will happen in the network. Prior to Constantinople, the ETH passed by the "forks" Homestead in 2016 and Byzantium in 2017 (Part of the metropolis project, as well as Constantinople). Curiously, both forks did not have much impact on the price of Ethereum. It is worth remembering that the term "hard fork" is being used to describe this new moment of Ethereum, but this is not the exact naming of what will happen. Vitalik himself disagrees with how Constantinople is being called: "IMO the Ethereum community should consider adopting @zcashco's terminology of calling things like Constantinople "network upgrades" and reserve "fork" for splits that leave 2+ viable chains. Too many people asking me lately where they can dump their non-Constantinople coins... " --Vitalik. The tweet from the creator of Ethereum well sums up a feeling that is hovering over the crypto community. When calling Constantinople hard fork, many people assume that the network will be split into two, as happened after the infamous DAO incident which gave rise to the Ethereum Classic (ETC). Of course, it's not wrong to call Constantinople a fork, but it's important to understand the difference from the other forks which prevents users from falling into certain "scams", such as the Ethereum Nowa and the Ethereum Classic Vision that promise airdrops and can hurt users. Knowing that Constantinople is an update, you and me as traders do not have to worry about anything. For investors and users interested only in the currency, just understand that nothing will be changed in the operation of the Tokens and that ETH will continue in the same way we know it today. However, it is still important to keep an eye on this update as an observer and market investor. Like all other platforms, Ethereum can only have value if it proves useful, far beyond market speculation. By improving these operations, the ETH network is taking important steps to improve its acceptance and consequently become a more complete and robust tool, which in the long run will probably bring effects on price by becoming an even more complete and reliable platform . We should not expect any price movement because of this fork, so look at what the chart tells you and in that case trade quietly, but keep an eye on the news to confirm that the update occurred as expected and without bringing any kind of setback
by LiuTrader
1
Ether Price CorrectionHi friends! Welcome to Ether Chart Analysis. We've seen a very bullish ether for the past 3 weeks recovering 60% of its value from its 2018 low but we all know everything that goes up, will definitely go down. Personally I feel very bullish on ether for upcoming developments we all are anticipating but it needs to undergo price correction before resuming the current trend. This had been confirmed by various signals, like a failure swing high we have seen from 1D and 4H charts. Very obvious is the pattern it has recently formed which is a rising wedge that we all know would break down at some point. Recently it has reached the apex of this wedge which resulted to the initial downward move. We are expecting the wedge support to break sooner and will likely push ether down. A black line is also visible in the chart which is a trendline that will likely act as a support but my bias thinks it could bounce from here but will eventually fail as a support. Downside targets are on fib levels with confluence to horizontal support lines. I will be expecting a bounce on one of these fib levels. I will be updating the chart as price action approaches at these levels. In my opinion, the most likely bounce area is the .786 fib level. Share you thoughts with me in the comment section. Thanks This is just a guide, not a trading advise. Hit like and follow for more chart updates! Thanks -Your Poop Trader
Short
by PoopTrader
2
upcoming forks offer a good shorting opportunity eth has nearly done 100% since its lows at $80(mex) its now time to look for shorts. upcoming forks are indicated on the chart with horizontals Classic Vision Hard Fork – 11 Jan 2019: All Ethereum holders will receive 3 ETCV for each ETH in their wallets. Ethereum Nowa Fork – 12 Jan 2019: Each ETH holder receives ETN in the ratio of 1:1 for free. Constantinople Fork – 16 Jan 2019 (or earlier) Constantinople Mainnet hard fork scheduled for block #7080000: The Constantinople Mainnet hard fork is arguably the most significant fork because it is a big component of Ethereum’s transition from using a proof of work protocol to proof of stake.
BITMEX:ETHUSD.P
by Wolfpack_