Discussions

Ethereum discussion

8 hours ago

Retail is in…🥳….right?…right? 😳

If SPOT is selling at every pump, then what’s driving the price up, why this is a major concern and why this has been the best indicator for tops and reversals?

Let’s look at the chart below, it shows OI against BTCUSD, what do you notice? As price rises, so does OI, and when price falls, OI falls. This tell us, the price increases are not driven by spot purchases but leverage positions. This is not sustainable and not impulsive. Liquidity exit.

tradingview.com/x/1cLh3YU5

If you chart the impulsive move from 15kish to 73kish with OI, you will see an inverse correlation, OI falls as price rises driven by spot CVD.

OI is currently surpassed the level before we dropped from 70kish to 49kish. Timeline is full of ‘100k next..’, you know what that means….

BTW SOL is performing terribly, should have reached $180 when BTC pamped to 69k..😂🫵

14 hours ago

is forming a triangle pattern on the 1H chart. The price could touch the triangle's support again before giving a breakout.

yesterday

quadrupled down on my spot buy position. If Trump wins this election (likely) the likelihood we get staking in ETF increases bigly. Trump likes Eth, more than Bitcoin. I mean he uses it, he is familiar with it and of course his new defi platform is on it. Eth sentiment is also at ATL. Usually is after the first rate cut. Btc dominance is also at the high end of the channel. All the signs are there. Of course nobody sees it until it rockets, then they’ll wish they’d bought.

yesterday

wait for ETH symmetric triangle breakout.

2 days ago

Idea:Gold and Bitcoin: Dual Insight…
With the instability in international affairs, gold has reacted first, successfully breaking through the $2700 mark. Meanwhile, BTCUSD remains stuck in a low-range consolidation, despite conditions that should have led to a breakout long ago.

From the weekly candlestick chart, it's evident that this week, the BTCUSD price has completely broken through the MA30 resistance. Historical data shows that after significant upward movements, prices often experience a pullback before rising again. So, will history repeat itself this time?

I believe the probability is very high. Therefore, if you have funds available but are unsure where to invest, consider converting your money into Bitcoin and waiting for its gradual appreciation, or directly invest in BTCUSD with a long-term strategy. I think this time, the price could reach 78K .

3 days ago

To be fair, you have to have a very high IQ to understand Bitcoin. Its future applications are extremely subtle, and without a solid grasp of computing and economics most of its possible functions will go over a typical investor’s head. There’s also Sitoshis’s free market outlook, which is deftly woven into his creation- his personal philosophy draws heavily from Robert Malthus, for instance.

The shills understand this stuff; they have the intellectual capacity to truly appreciate the depths of this coin, to realise that it is not just speculation - it says something deep about LIFE. As a consequence people who dislike Bitcoin truly ARE idiots- of course they wouldn’t appreciate, for instance, the brilliance in Satoshi’s brilliant programming method - the “Blockchain,” which itself is a cryptic reference to Haber and Stornetta’s Merkle trees. I’m smirking right now just imagining one of those addlepated simpletons scratching their heads in confusion as our lord and savior’s genius wit unfolds itself on their computer screens. What fools.. how I pity them. 😂

By the way, i DO have a Bitcoin tattoo. And no, you cannot see it. It’s for the ladies’ eyes only- and even then they have to demonstrate that they’re within 5 IQ points of my own (preferably lower) beforehand.