ETHEREUM consolidates; OVERDUE FOR PARABOLIC BOOM for BINANCE:ETHBTC
Posted on 10/28/2020 initially, re-posted on 2/23/2022 for Hindsight == 2020.
I felt it appropriate to re-post this now as @ETHUSD is currently consolidating after a massive selloff.
TradingView link below (one of the only ones that wasn’t taken down, thankfully) you can continue reading below or just click on the link for the publication/signal while clicking the right arrow for hindsight:
AS OF 08/02/2020 ALL PUBLICATIONS & SPECULATION ON MARKET CONDITIONS IS STRICTLY FORWARD-THINKING CONJECTURE & OPINION BASED ON MY OWN RESEARCH & EXPERIENCE FOREX TRADING CRYPTO; LET ME BE PERFECTLY CLEAR ABOUT THE PRECARIOUSNESS OF THIS SITUATION: I CANNOT HODL/TRADE/GIVE MY $0.02 ON ANYTHING PERTAINING TO REGULATORY PROPOSALS AND POLICY SUGGESTIONS THAT I MAY OR MAY NOT BE PRIVVY TO BEFORE HAND in accordance with federal law & Securities & Exchange Commission bylaws X-14.2 7 ex14_02. 2013 INSIDER TRADING POLICY exhibit 14.02 section 2b-4.
ETHUSD ETHBTC BOTH undervalued & overdue (IMHO) for a huge parabolic upswing as evidenced by BB KC BOL VOL & other fundamental indicators; including a cross through a descending on the weekly (securing LONG) and on the 4H chart above — a C&H formation begins to take hold as VOL & other fundamental indicators signal a calm-before-storm as tropical storm laura reaches the financial capital of the world, it’ll be accompanied by an ETH storm of parabolic movement with green horizontals representing TP, yellow for resistance, blue for , and the most important: red stop loss.
In crossing through the we’ve broken a higher high leading us to what should be a (LONG) consolidation to its overall .
Please defer to previous publications for more on ETH.
Anyone whose done any research is well aware of ETH 2.0; the defi “movement” & ERC20’s accessibility & malleability FINALLY no-longer unnoticed & starting to garner a lot of attention from big names from Silicon Valley to Wall St. i.e. Paul Tudors, Jack Dorsey, etc.
I think it’s commonly lost on those of us who’ve been in this crypto game for a year or longer just how early we are in terms of crypto adoption/regulation/integration on a global scale & a concern I hear from a lot of my cohorts, often preventing them from learning/getting into crypto, something I hear often (in my crash courses) & others who inquiry about learning — “isn’t it too late?” is a common question — unfortunately the biggest misnomer (I understand how it’s easy it to see it that way — you have a global market that moves in dog years; having been involved since q413/q114) this makes me (and those of us who’ve been in this game longer than half a decade) an “old-timer boomer” in what has been the most eventful & progressive decade for revamping a global financial infrastructure using blockchain technology for the first time since the invention of banking circa 4000 B.C.
Today altcoinbuzz released an oped with cited financial analysis & using the rate of growth in conjunction to the % of adoption coupled with hashrate growth & dozens of charts to bolster their analysis to conclude with the headline: “those who own atleast 0.28 today will be in the 1%” decades from now. I won’t link the article due to TradingView’s house rules against shilling: I will however state (unequivocally) that I took a long hard look at the figures in the cited charts/diagrams for that article & it seems to be somewhat of a ballpark/accurate barometer & henceforth, I’m inclined to agree with their conclusion.
So the point I’m trying to make is: we’re still REALLY REALLY early & despite the “ship has sailed” no-coiners who are QQing that they missed their chance to be lambo moon kitties, the truth is “the ship has sailed” argument only applies to those types of people — the “get rich quick” folk who don’t want to put in the work & read through the gravevine i.e. reddit/4chan a parable about the pizza boy who was paid in & that’s their idea of “the ship has sailed” so it’s important to make that distinction & contrast those who cry about missing their opportunity to buy a winning lotto ticket (by purchasing est. $5.00 each around september 2012) and are upset that they might have to learn how to trade to profit from what is still a highly volatile, uncertain & GLOBAL/autonomous market.
If you’re looking to get rich quick & win the lotto, yes, the ship has sailed; you lost opportunity.
If you’re looking to learn; whether as a developer or financier, not only has the ship NOT sailed — it’s still docked & nowhere near it’s destination.
As a developer, I’ve always been driven by the allure & my confidence in blockchaintech — so when the “bubble burst” financiers (more like dinosaurs) on Wall St. were all beating their war drums chanting “the bubble will burst!” those of us who hung on and survived Cryptowinter did so not for our faith in bitcion but moreso our faith in the tech; for those who cannot see what is so clearly/plainly infront of them something so innovative & revolutionary are blind to a world we are headed towards in a not-so-distnat future.
2016: The year of experimentation
2017: The year of the #DEX
2018: The year of the #ICO
2019: The year we became mainstream
2020: The year of the #stablecoin
2021: The year we begin trading institutionally and globally; no more lurking in the shadows.
2022: TBD* == The year of regulation.
Right now it’s an extremely exciting time for crypto and arms race to #1 (between DEXes/Stablecoins in contrast with regulatory policy) — once all is said & done I truly believe there will be only a small handful of indexes (maybe one for the west, one for the east, one for global) and right now BNB is en route to capture that global market if they haven’t already.
Posted statement above when @bnb was hovering at roughly $15 per token. Before exchaneg BSC.
That’s all I’m willing to discuss at this juncture!!
I’ll publish another article/oped later this week to include my CBALL WIZ fear/index/ /mom indicator (taken down from previous publications; though available @ my GH below) and for those of you who missed the bulk of my signals (as indicated by my last publication)— I apologize on behalf of TradingView Blog TradingView.
Now let me back to the chart for a brief moment… as you can see...the green candle wick crossing the into a higher high is the quintessential /fundamental indicator we’ve been waiting on; in conjunction with what looks like a clear surge in BOLL, VOL, , rsi — it is NOT FINANCIAL ADVISE, but my personal opinion: thing is ready to go!
Update: 2/23/2022 — @bitcoin
Currently consolidating after a major selloff due to geopolitical and other variables worldwide. I would tread lightly and set your stop-losses accordingly. Now is NOT the time to be making bold trades. Now is the time to err on the side of caution.
Do not get greedy! Remember my 10 Rules:
It’s better to pout over missed opportunities than to feel the sting of actual losses!
-@a1mtarabichi (Ahmed “m.T.” Tarabichi)
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the 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 , SEC or wall 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.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.