I see a lot of discussion about the red dot that has been released and many people are misinterpreting its meaning.
So, a higher ratio indicates that the commodity is increasingly scarce - and therefore more valuable as a store of value.
It means, if the red dot is printed, the Bitcoin scarcity is at the highest point.
Does it mean that the price will instantly follow scarcity increase and that we should expect a big move up?
It doesn’t but observing the price action in the history, it was the catalyst for the bull run each time it happened (2 times).
So, a higher ratio indicates that the commodity is increasingly scarce - and therefore more valuable as a store of value.
It means, if the red dot is printed, the Bitcoin scarcity is at the highest point.
Does it mean that the price will instantly follow scarcity increase and that we should expect a big move up?
It doesn’t but observing the price action in the history, it was the catalyst for the bull run each time it happened (2 times).
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Which altcoinn you want me to analyse in details (Technicals and Fundamentals)? anonymous poll Ethereum – 215 👍👍👍👍👍👍👍 58% Ripple – 85 👍👍👍 23% Litecoin – 47 👍👍 13% Bitcoin Cash – 23 👍 6% 👥 370 people voted so far.
Most of you voted for Ethereum so in about 30 minutes, you can expect an update on ETH/BTC and ETH/USD pair as well as review of Ethereum’s fundamentals.
Stay tuned!
Stay tuned!
Fundamentally, Ethereum is expecting one of the biggest updates in this year.
Ethereum 2.0 that was planned for June/July 2020 is postponed but the sayings are still optimistic expecting it to happen by end of 2020.
There’s anticipation in the community and the accumulation that is currently skyrocketing.
As you can see, the amount of ETH addresses that hold more than 32 ETH is at the all-time high.
All these addresses will be eligible for stacking rewards when Ethereum 2.0 goes live.
So, accumulation is spiking and that’s something no one is talking about. Most of them cheers after the price goes up but this is the cause why the price will potentially go up.
By end of the year, Ethereum is definitely expecting a lot of positive news and we’ll hopefully see the ETH 2.0 going live!
Ethereum 2.0 that was planned for June/July 2020 is postponed but the sayings are still optimistic expecting it to happen by end of 2020.
There’s anticipation in the community and the accumulation that is currently skyrocketing.
As you can see, the amount of ETH addresses that hold more than 32 ETH is at the all-time high.
All these addresses will be eligible for stacking rewards when Ethereum 2.0 goes live.
So, accumulation is spiking and that’s something no one is talking about. Most of them cheers after the price goes up but this is the cause why the price will potentially go up.
By end of the year, Ethereum is definitely expecting a lot of positive news and we’ll hopefully see the ETH 2.0 going live!
ETH/BTC chart is currently sideways on a macro view and can go in either direction.
Lower highs and higher lows are the confirmation of the current range and the market without a trend.
Once we see either higher high or lower low forming, we will have potentially a beginning of the new trend in the market.
For an uptrend, we need daily and weekly closure above the previous high (red area).
Lower highs and higher lows are the confirmation of the current range and the market without a trend.
Once we see either higher high or lower low forming, we will have potentially a beginning of the new trend in the market.
For an uptrend, we need daily and weekly closure above the previous high (red area).
ETH/USD chart is still targeting the $280-300 area.
It can blast through that area and can also be rejected to $200 price point.
I was talking recently about ETH/USD crossing and my opinion is still the same.
It’s strong both because of ETH/BTC pair and strong Bitcoin/USD.
Is it a good idea to buy and hold Ethereum?
Out of many altcoins, Ethereum is still a leader and still one of my favorite ones.
I do hold and will keep holding because of charts that look decent and especially because of upcoming fundamentals that should happen in a few months.
So, as an investment, I do hold but as a trade opportunity, it depends on the setup. In trading, you can make money in either direction so find the setup with positive R/R that’s in alignment with the trend and good luck.
I hope you like my overview of Ethereum fundamentals and analysis of both ETH/BTC and ETH/USD chart.
It can blast through that area and can also be rejected to $200 price point.
I was talking recently about ETH/USD crossing and my opinion is still the same.
It’s strong both because of ETH/BTC pair and strong Bitcoin/USD.
Is it a good idea to buy and hold Ethereum?
Out of many altcoins, Ethereum is still a leader and still one of my favorite ones.
I do hold and will keep holding because of charts that look decent and especially because of upcoming fundamentals that should happen in a few months.
So, as an investment, I do hold but as a trade opportunity, it depends on the setup. In trading, you can make money in either direction so find the setup with positive R/R that’s in alignment with the trend and good luck.
I hope you like my overview of Ethereum fundamentals and analysis of both ETH/BTC and ETH/USD chart.
Crypto Signals via @vote
Which altcoin you want me to analyse next? (Technicals and Fundamentals)
anonymous poll
Cardano (ADA) – 121
👍👍👍👍👍👍👍 41%
NEO – 101
👍👍👍👍👍👍 34%
TRON – 49
👍👍👍 17%
EOS – 25
👍 8%
👥 296 people voted so far.
anonymous poll
Cardano (ADA) – 121
👍👍👍👍👍👍👍 41%
NEO – 101
👍👍👍👍👍👍 34%
TRON – 49
👍👍👍 17%
EOS – 25
👍 8%
👥 296 people voted so far.
If you have some questions or you want to suggest which coins to add in the next pool, feel free to reach out to @CryptoSignalsAdmin
Just a shoutout to my good friend who makes a really good analysis and this is one of the best crypto channels in telegram.
Kim & Crypto is the special channel running by professional analysts. Kim knows what to buy and what to sell.
- Consistent predictions/entries
- Highly accurate trades/analysis
- Fully transparent
All her useful contents are free for everyone.
👉 Make sure to check her out: https://news.1rj.ru/str/KimOnCrypto
Kim & Crypto is the special channel running by professional analysts. Kim knows what to buy and what to sell.
- Consistent predictions/entries
- Highly accurate trades/analysis
- Fully transparent
All her useful contents are free for everyone.
👉 Make sure to check her out: https://news.1rj.ru/str/KimOnCrypto
Telegram
Kim & Crypto
Me @kimlit
My website: kimoncrypto.com
I trade on Bybit: https://partner.bybit.com/b/kimoncrypto
My website: kimoncrypto.com
I trade on Bybit: https://partner.bybit.com/b/kimoncrypto
3 weeks after the Bitcoin halving the mempool is almost empty again, 1 sat transactions confirming.
No mining death spiral, even though we lost nearly 50% of the hashrate, it's bouncing back, next difficulty adjustment down less than 10%.
Even after big cut in the mining revenue, Bitcoin working like it was designed to.
The short term uncertainty was expected but here you can see that everything is getting back to normal with Bitcoin inflation rate 50% that makes it more scarce.
Keep hodling!
No mining death spiral, even though we lost nearly 50% of the hashrate, it's bouncing back, next difficulty adjustment down less than 10%.
Even after big cut in the mining revenue, Bitcoin working like it was designed to.
The short term uncertainty was expected but here you can see that everything is getting back to normal with Bitcoin inflation rate 50% that makes it more scarce.
Keep hodling!
Prior to yesterday’s drop, Bitcoin reached our long target and made an amazing profit with the risk-reward of 1:4 which is phenomenal.
This is what trading is all about. Trying to find setups in your favor with high risk-reward. Even with an accuracy rate of 30% for example, you can be profitable in the market as long as you follow the rules and stick to the plan.
Not every trade will be a winner but when it goes in your direction, make sure that the reward is worth the risk you are paying for that trade opportunity.
That’s the opposite of what trading is used to be advertised by those “experts” who claim to have a strategy with a 90% accuracy rate. Yea, make a setup where the target is $50 from your entry and stop-loss $500 and of course that 90% of the time you will be right but once it goes against you, all your gains will be swept out.
This is what trading is all about. Trying to find setups in your favor with high risk-reward. Even with an accuracy rate of 30% for example, you can be profitable in the market as long as you follow the rules and stick to the plan.
Not every trade will be a winner but when it goes in your direction, make sure that the reward is worth the risk you are paying for that trade opportunity.
That’s the opposite of what trading is used to be advertised by those “experts” who claim to have a strategy with a 90% accuracy rate. Yea, make a setup where the target is $50 from your entry and stop-loss $500 and of course that 90% of the time you will be right but once it goes against you, all your gains will be swept out.
Crypto Signals
Crypto Signals Premium Service - Official Pre-Launch A few months ago, I got an idea to step up the game and provide more value to the members of the Crypto Signals Channel by opening a Premium service. Since then, I have been working hard to make this happen…
If you want to be part of our Premium Channel, where you get education followed with trading signals, contact @CryptoSignalsAdmin.
As a bonus, you also get a triding guide written by me.
As a bonus, you also get a triding guide written by me.
Crypto Signals
Why will 99% of Altcoins die? This is a hard truth to swallow, but you have to if you want to make some money in crypto. This is a natural law as well. There will be only one king of the jungle - Lion. Even though there are hundreds of lions in that…
An article I wrote 6 months ago and nothing changed since that time. Altcoins are looking even worse.
If you didn’t read, do it because it’s worth it
If you didn’t read, do it because it’s worth it
Crypto Signals via @vote
Which altcoin you want me to analyse next? (Technicals and Fundamentals) anonymous poll Cardano (ADA) – 121 👍👍👍👍👍👍👍 41% NEO – 101 👍👍👍👍👍👍 34% TRON – 49 👍👍👍 17% EOS – 25 👍 8% 👥 296 people voted so far.
You voted for ADA so, in the next 30 minutes, I am going to share with you both fundamental and technical updates on Cardano (ADA).
Stay tuned!
Stay tuned!
Fundamentally looking, Cardano is approaching a very important time. In August, they’re expected to launch their mainnet which would activate stacking and Cardano holders will be able to get a passive return on their investment.
In the testnet, the return was around 10% annually which is pretty decent for this type of investment.
The stacking has proved to bring hype and interest to the market so recent move up shouldn’t be a surprise.
So, the fundamentals are great for this coin.
In the testnet, the return was around 10% annually which is pretty decent for this type of investment.
The stacking has proved to bring hype and interest to the market so recent move up shouldn’t be a surprise.
So, the fundamentals are great for this coin.
ADA/BTC Macro View
Even though ADA looks great on lower timeframes, it’s currently right on the first major resistance on the macro view.
In case it gets broken and ADA reclaims broken support and enters back into the range, we can expect to see second resistance being reached in the upcoming weeks/months.
Instead of jumping on the trend and going crazy for this coin as most people do right now, wait for it to enters back into the range and then target the top of that range for an extra 100% profit gain.
We saw many great fundamentals being used just for short term pump and reason to go up so there could be the same scenario for this coin as well.
Because of that, be patient, wait for close back into the range and then you can invest.
The invalidation is close back below so make sure to follow the plan and if it closes back below, it can drop 60-70%. Because of that, you need to exit your investment and cut your losses why they’re still low.
Even though ADA looks great on lower timeframes, it’s currently right on the first major resistance on the macro view.
In case it gets broken and ADA reclaims broken support and enters back into the range, we can expect to see second resistance being reached in the upcoming weeks/months.
Instead of jumping on the trend and going crazy for this coin as most people do right now, wait for it to enters back into the range and then target the top of that range for an extra 100% profit gain.
We saw many great fundamentals being used just for short term pump and reason to go up so there could be the same scenario for this coin as well.
Because of that, be patient, wait for close back into the range and then you can invest.
The invalidation is close back below so make sure to follow the plan and if it closes back below, it can drop 60-70%. Because of that, you need to exit your investment and cut your losses why they’re still low.
ADA/USD pair is showing a very similar situation.
It’s heading towards .10 cents resistance and that’s the main point on this chart.
In the case of closure above that resistance, we can expect to see the entire trend change from the bear market into a potential bull market.
In case it gets rejected, we have the possibility to see retracement all the way down to the support of this range which is a decline of 60-70%.
Wait for confirmational close and act accordingly.
This can turn out to be a great investment for the second half of 2020 because of positive fundamentals but look at those events always from two points of view.
Just like in case of Ethereum which update 2.0 was postponed many times, this can be postponed too for late 2020 or early 2021 and you will have your money stuck into this coin for months just because you bought into the hype.
Because of that, I use technicals to decide when to buy and sell something because it makes setups way more clear.
Close above = buy, close below = sell
It’s heading towards .10 cents resistance and that’s the main point on this chart.
In the case of closure above that resistance, we can expect to see the entire trend change from the bear market into a potential bull market.
In case it gets rejected, we have the possibility to see retracement all the way down to the support of this range which is a decline of 60-70%.
Wait for confirmational close and act accordingly.
This can turn out to be a great investment for the second half of 2020 because of positive fundamentals but look at those events always from two points of view.
Just like in case of Ethereum which update 2.0 was postponed many times, this can be postponed too for late 2020 or early 2021 and you will have your money stuck into this coin for months just because you bought into the hype.
Because of that, I use technicals to decide when to buy and sell something because it makes setups way more clear.
Close above = buy, close below = sell
Crypto Signals via @vote
Hope you like my analysis on Cardano (ADA). Which coin you want me to analyse next?
anonymous poll
NEO – 145
👍👍👍👍👍👍👍 45%
TEZOS – 84
👍👍👍👍 26%
BNB – 58
👍👍👍 18%
MONERO – 38
👍👍 12%
👥 325 people voted so far.
anonymous poll
NEO – 145
👍👍👍👍👍👍👍 45%
TEZOS – 84
👍👍👍👍 26%
BNB – 58
👍👍👍 18%
MONERO – 38
👍👍 12%
👥 325 people voted so far.
If you have any questions or suggestions, fell free to reach to @CryptoSignalsAdmin.