ETHUSD W bottom amidst ETH 2.0 rumors
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Will update one moment
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Please defer to related publication below for more insight (posted on 8/28/20)**Not
As stated previously: US election results are already priced in and will have little to no impact on cryptocurrency policy/price -- so if you've been biting your nails wondering whether a major selloff or parabolic boom was pending based on election2020 results, let me put you at ease...chill! It's business as usual. Nothing will change (not in the next week anyway) but I digress.
Using history as a precedent (bear in mind that circa Q118, when BTCUSD was at its ATH; roughly 23
K est. USD, ETHUSD was at $1300 USD That's a staggering contrast with roughly 1/10th the price && 1/8th the market cap when compared to our previous ATH circa Q417-Q118.
So what was it that devalued ETH over time? Nothing. It's intrinsic value is as high as it ever was -- defi was simply a monkey wrench while ETH 2.0 is pending release which will, IMHO, consolidate back to the same margins it once was.
Let's not forget this was also before DAPPS; while ADA was relatively new..there was limited options for smart contracts & the supply (being ERC20) was met with an overwhelming demand (ICOGASM 2017) -- if you recall during that era people were selling straight air & cashing out in exit scams EN MASS...all contributing to ETH's downfall (until now) that is.
Some of you might've heard about ETH 2.0; some maybe not.
Why this is relevant is pertinent to how the cryptotrading game & market indicators will determine the priceaction of our entire 'way of life' moving forward.
So if you've heard about ETH 2.0 [I will follow up with an oped on medium or steemit or something..perhaps YT as I"m still working on getting that up) -- I highly suggest you read up on it. Needless to say it's not something I can explain in a short TV publication.
What you need to one is one key fact: hard forks -- particularly those on top 5 market cap tokens/coins, esp. one as consequential as ETH (for without ethereum there would be no coinmarketcap) thus changing the course of everything we think we know about a token & where they're headed.
So this isn't so much as a forexsignal; moreso a prelude to a much larger discussion on the value of smart nodes/contracts, why ETH is just as safe (IMHO) to bet your money on for a SUPERLONG portfolio in a cold storage wallet somewhere...and why I firmly believe the end of 2020 ushering in 2021 is going to be a massive year for ETH.
Stay tuned for more!
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Yet in the meantime; those of you who are swing trading -- target/pivot/resistance are on chart (as usual) identified by Green Horizontals which represent TP, blue ( pivot ) with yellow (S1/R2) && ofc-- red is the most important (STOP) as this is a (MID - LONG signal) mid risk high reward investment with an est. time frame of atleast 2-3 weeks (forward looking, ballpark, IMHO) 10-15 days keeping this a neutral publication.Although personally I wouldn't have an exit point (unless you're EMA(8/12/15/21), just a stop loss at all times as ETH is one of those tokens that will never leave my portfolio (short/long/forex/store of value) for the sheer simple fact that it is quintessential & the overall coinmarketcal's existence is conducive to ERC20 smart contracts & the pivotal doors they've provided access to.
The majority of your favorite tokens (there is a distinct difference between a coin & token...if you don't know that much I suggest you read up on that as this discussion is not intended for novices) were formed under ERC20 smart contracts using API nodes created by Vitalik.
Long story short: ETHUSD is not going anywhere but up for the long term future of cryptotrading. I'd highly suggest you look into it. ESP . ETH 2.0 -- now more than ever with its exciting rollout being closer and closer with each passing day/quarter.
It's insane how much time has flied these past 7 years...c'est la vie.
Have a great day!
Peace & Love
Respctfully,
- Ahmed T.
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- Disclaimer
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP , SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form./i]
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İşlem aktif
TP 1 crossed -- resistance pending next targetI implore you all to trade carefully and NOT FALL VICTIM TO FUD!!
Have a great day! <3
İşlem aktif
TP 2 crossed -- Have a wonderful weekend everyone!İşlem kapandı: hedefe ulaştı
TP 3 CROSSED TARGET REACHED for SHORTSELL
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