Ethereum

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Im seeing an inverse head and shoulders and set my stop loss at the neckline at 1040.00

Tried to add chart argh
 
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Nice! I'm hoping to see $860 soon, where I have a limit order to buy again.
 
Gdax and binance has replaced Netflix and YouTube at my house. Lol seems I'm always watching with one eye anyway. Something to do with football season coming to an end.
 
tsptalk said:
Nice! I'm hoping to see $860 soon, where I have a limit order to buy again.
Click to expand...

No, $860 yet but I just bought at $995. Let's see if this correction is over. It needs to get over $1020 quickly for me to feel good about this trade.
 
tsptalk said:
No, $860 yet but I just bought at $995. Let's see if this correction is over. It needs to get over $1020 quickly for me to feel good about this trade.
Click to expand...

I had a sell limit order set to 1072.80 and it was hit tonight while I was out. Looks like it moved up near $1100 a little while ago too. Waiting for another opportunity.
 
Looks like ETH is reaching the end of a short term cup and handle. Wish I had seen it a few days ago. Made about 15% on the setup and execution (appx $1,000 to $1,500 handle).
 
The pullback continues in ETH and I'm still in (@1179). I always seem to become a buy and holder if I'm in a losing position. :)

Not the right thread but I also bought some GBTC yesterday (12.55) for my IRA. The plan is to hold that one long term, but the best laid plans of mice and men oft go astray...
 
tsptalk said:
The pullback continues in ETH and I'm still in (@1179). I always seem to become a buy and holder if I'm in a losing position. :)

Not the right thread but I also bought some GBTC yesterday (12.55) for my IRA. The plan is to hold that one long term, but the best laid plans of mice and men oft go astray...
Click to expand...

I posted this in the bitcoin thread yesterday (sold ETH 937.95) for a hefty loss (bot @ 1179).

I put in a limit order to buy back if it hit 899.55, and it was hit tonight.

Here we go again.

Oh, btw, GBTC closed at 19.99 today.
 
Bought some ETH today. Not trading at this time. Central banks under intense pressure and will fold in the not-too-distant future. Crypto's appear well poised to fill that void. Gold and silver are also important assets to hold as they will be used to provide stability in the currency market once the dollar is crushed and the CB put out of business. This info is out there if you know where to look for it. Russia and China hoarding gold and silver. Petrodollar is doomed. All part of the plan.

Just sayin'. :cool:
 
Up 28%.... on a Sunday. Nothing to see here, just normal boom/bust crypto behavior. By time you read this it could be higher or lower.
 
Bullitt said:
Up 28%.... on a Sunday. Nothing to see here, just normal boom/bust crypto behavior. By time you read this it could be higher or lower.
Click to expand...

Are we seeing the start of the next alt coin rally while BTC takes a breather?
 
I'm not really the one to answer that one. Don't they all kind of move in unison?

Ethereum gets a lot of likes because of it's upgraded "DeFi" technology and upcoming iteration of Ethereum 2.0. Depending on what state you live in, you can make some 5% lending it.

Bitcoin is useless as a "currency" because of the fees and amount of time it takes to process a transaction. These are hard wired issues and cannot be fixed due to the size of the blockchain. I largely sold out of bitcoin in 2017 after their Bitcoin Cash fork. Had I left it in, it would be worth a lot more now, but nobody ever went broke taking a profit. At that time, the idea Bitcoin for buying stuff died since the fees for sending bitcoin would sometimes be 40-50% of the total transaction.

ETH seeks to fix these things. Some say it will bring Web 3.0.

Funny thing though, I noticed this thread has been dead since April 2018 just before it's first massive top. Ethereum probably has a better future than Bitcoin but with Bitcoin being the original, it's the one everyone knows and is most popular.
 
Anyone know Ethereum's "market cap" so to speak? I believe there are only 21 million bitcoin, or something like that, but not sure about Ethereum's limits.
 
ETH doesn't have a hard cap like BTC.

ETC is more about the technology behind it's blockchain. When you use the ETH technology to send information, you have to pay the network.

Some say ETH will be used to create "smart contracts" which are essentially futures contracts on whether something will happen or not. A farmer can enter into a smart contract to protect against a bad crop. Bets on sports can be made without an intermediary.

I don't think it's there yet, but will be once this Ethereum 2.0 is rolled out.
 
I just noticed the Grayscale Ethereum Trust is getting the smack down today. Down 20% while the actual ETH is up.

Reason is the company is creating new shares which will drive down the premium. I mentioned in the Bitcoin thread how these ETF's trade at massive premiums. As those premiums normalize, people will sell shares while they still can collect the premium making for a double whammy. After the dust settles and the premium is closer to NAV, then it will be a better option for IRA's, etc.
 
Wow, interesting.

There's an open gap near $10 on ETHC

010421b.gif
 
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