DataMoney

DataMoney

First of all, I would like to take a moment to thank all of my fans and followers! 🏆 It is mind-blowing that about 1 thousand people read my posts every day and Data Money has already over 400 followers! 📊 And sincerely thank you to all of my fans who write to me. It is amazing that so many of you got interested to use my analysis for building trading bots! 🤑 In...

DataMoney

First of all, I would like to thank all of my followers for your messages, questions and your support! It is unbelievable that in just under a month I gained over 380 followers! 🏆 So, it is Friday - how will we close this week? Although I have seen sooo many people unhappy about the recent price drop, I would have to say: Please don`t worry. It is a good...

DataMoney

A recent price drop caused a real storm. Yesterday things calmed down without massive sell-offs. Has the storm passed or are we in the eye of the storm? ⚡👀 Situations like these really give a headache to data analysts. So much data - no insights. Which data to follow? Data is all over the place, how to fairly separate trend analysis? How to adjust for irrational...

DataMoney

Today's TA will be similar to yesterday's. The pattern appears to be changing again. It is possible that this was just a 3-day retrace, it is also possible that the price is just temporary bouncing back before it crashes further. If history thought us anything - cryptos price can plummet without any warning. The current situation looks awfully alike Jan 2018, when...

DataMoney

This is just a quick post to overview the market macro data. Yesterday there was a systematic market shock as over-hyped, over-price bull run ran out of steam. People were panicking and speculating right and left. Price was dropping, exchange apps were crashing and ETH even dropped to $700 on Kraken. Not sure if anyone managed to buy at that price level as all...

DataMoney

This weekend has been very interesting. BTC is dominating the market price and all other cryptos are forced to follow. However, the demand has dried up and while BTC was still moving up, most altcoins started to slightly move down. Late Friday / early Saturday hype did not save BTC, after a number of high profile people trying hard to hype the market for yet...

DataMoney

We had another record week. Cryptos are in All-Time-High and EHT just broke a new record of $2k! There are so many topics and market data I would love to discuss here. However, this time I took a different approach. It is a very different post and even today's chart looks different. Price is going up, everyone is getting rich, the unicorns and rainbows for...

DataMoney

ETH (and most cryptos for that matter) have been making history in the last couple of months. Never before it had 4 months of straight sky-rocketing bull run, almost without a fault. That is very unusual for cryptos market and is causing FOMO and anxiety for many people. I can't even count how many times in the last 2 months I have seen people celebrating that...

DataMoney

I am back! Huge thanks to everyone messaging me and supporting my posts. That means a lot. For those who are new to my posts - I post ETH technical analysis and provide my market perspective for context. It all started as fun conversations among friends and they started to make good money on top of it. They encouraged me to make posts about it and here we are....

DataMoney

What an extraordinary time we live in! In less than 2 months Elon Must managed to change the crypto world. With the power of a tweet, he managed to double his crypto assets value. And he is not getting a sizable fine! If any of my dear readers remember, last time he performed a similar stunt tweeting about taking Tesla private, he received a $20m fine for market...

DataMoney

This Monday morning is soo exciting! ETH has thrown quite a few jabs last Sunday driving volatility and kicking traders out of their beds 😄 Looking at the market data one could find ways to explain the dip and bounce back would be perfectly reasonable. Except for ETH futures announcement. Here it gets more complicated. You would think that positive publicity would...

DataMoney

Yesterday we had jet another unusual turn - ETH did not drop. For the last few days ETH has been rising faster than BTC, however, last night ETH slowed down and BTC picked up again tipping the scales. Forecasted ETH/BTC rise stopped at 0.046 (short of 0.05) and now dropping. This suggests that all crypto markets will rise at least until BTC reach 40-41k (possibly...

DataMoney Updated 

I have to start with thanking my followers. Everyone who like, comment and share my posts. I have received A TON of messages thanking me for insights and sharing what profit everyone reading my ideas make. This is really flattering, thank you! 🙏 ETH is at ATH and where usually ATH is just a short spike, the last few days ATH is quite stable. What is going on with...

DataMoney

Phew! What a morning! Just look at those numbers! Volatility! 🤑 Now we all are super hyped with recent ETH success to break ATH God knows how many times in the last 48hrs. That is fantastic! However, if it all stopped there and the price would be stable - we would not be here! Daily traders need volatility. What's so special about volatility I hear you saying?...

DataMoney

Yesterday we experienced history as ETH hit an all-time high! It was not a clean slate cut - before ETH could even breach 1500 mark, it was heavily shorted and had to go up and down around 9 or 10 times before it hit 1502. Once resistance was broken, ETH took off! Across multiple platforms, you could see ETH frenzy. Many were celebrating and many were crying. We...

DataMoney

WooHoo! ETH at 1450 point! But wait... What did just happened? Why the stale market turned bullish all of the sudden? 🤔 Every daily trader understands that volatility is key to profit and they are celebrating it today! Maybe that is why no one is asking WHY did this happen? Why ETH did not go to 1200 as it was forecasted? Why Monday demand and volumes were so low?...

DataMoney

Loyal readers already know the current trend. Here is a quick summary for the ones who are new: Last week was supposed to be an opportunity for bears to shine. However, on Wednesday markets went up instead of going down making everyone confused. Maybe that is why ETH price remained confused at the midway point. Now there was a lot of buzz about WSB, GME and DOGE...

DataMoney

This week was interesting and a bit nerve-wracking. Bears were getting ready for their turn and suddenly had it shove up their shorts. Elon didn't miss the opportunity to troll the market with a single #tag sending BTC 20% up! Honestly, it was quite amusing. After the dust settles, things seem to slow down, volumes are dropping. If you want a day off - close your...