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Ethereum / British Pound

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ETHGBP trade ideas

Crypto slow MomentumGood morning all, another little update today on the Bitcoin long, along with the comparison of ETH. As we can see ETH is leading the way trading nicely above the 100 moving average. BTC did peak above a few days ago but currently still trading underneath. But it is still giving us bullish structure, even though small. Will it last and continue? Only time will tell, I have drawn out a little map of possible HH's and HL's so lets see how price plays out this week. Still in profit and still holding, have a good trading week all GLIYF
ELong
by FX_Crypto_Trader
5
Is it Bull time?Good morning all, hope you all had a good weekend. Before this week kicks off I was just observing the crypto charts and also doing a little reading. Much to my delight reading that ETH has been leading the way against BTC for the last 4 years. Here is a snippet from the article : Ethereum outperforms Bitcoin 2X in Compound Annual Growth Rate over past 4 years. Data on the four-year Compound Annual Growth Rate for Ethereum and Bitcoin from the on-chain analytics platform Glassnode shows that ETH has outperformed Bitcoin since October 2019. The data is available via the two charts below, which depict the CAGR for both Ethereum and Bitcoin over the past four years. The period was selected to capture both the classic Bitcoin halving cycle while also accounting for the typical bull/bear cycle, which tends to be of a similar duration. Bitcoin recorded a CAGR of 34.1%, but Ethereum returned almost double at 66.3%. CAGR data for Ethereum started in July 2019, and since then, the correlation between Ethereum and Bitcoin has been relatively low. Bitcoin’s peak CAGR was back in 2014, while Ethereum peaked on October 20, 2019. It is nice to see a little bullish price action and I'm glad I invested in ETH for the HODL as I have seen first hand how it has been out performing BTC . But is this the start of the bull run? Who knows time will tell. Have a good trading week all, BTC long currently in profit and holding. GLIYF
ELong
by FX_Crypto_Trader
1
ETH and BTC BattleGood morning all, hope you all had a good weekend. Before this week kicks off I was just observing the crypto charts and also doing a little reading. Much to my delight reading that ETH has been leading the way against BTC for the last 4 years. Here is a snippet from the article : Ethereum outperforms Bitcoin 2X in Compound Annual Growth Rate over past 4 years. Data on the four-year Compound Annual Growth Rate for Ethereum and Bitcoin from the on-chain analytics platform Glassnode shows that ETH has outperformed Bitcoin since October 2019. The data is available via the two charts below, which depict the CAGR for both Ethereum and Bitcoin over the past four years. The period was selected to capture both the classic Bitcoin halving cycle while also accounting for the typical bull/bear cycle, which tends to be of a similar duration. Bitcoin recorded a CAGR of 34.1%, but Ethereum returned almost double at 66.3%. CAGR data for Ethereum started in July 2019, and since then, the correlation between Ethereum and Bitcoin has been relatively low. Bitcoin’s peak CAGR was back in 2014, while Ethereum peaked on October 20, 2019. It is nice to see a little bullish price action and I'm glad I invested in ETH for the HODL as I have seen first hand how it has been out performing BTC. But is this the start of the bull run? Who knows time will tell. Have a good trading week all, BTC long currently in profit and holding. GLIYF
ELong
by FX_Crypto_Trader
2
Is ETH the new king of crypto?Afternoon all, Is ETH the new KING of CRYPTO? Today I am following on from the post last week regarding our Bitcoin buy and also the pattern I noticed compared to ETH. As you can see from the charts the left hand side is Bitcoin which is currently dropping in value, the structure hasn't been broken yet but still lagging behind. Still holding longs in profit on BTC. To the right is ETH which seems to have found its support of 1500. Also with trading above the moving averages, the recent gains seem to be more sustained. What are your thoughts, is ETH the new KING?
E
by FX_Crypto_Trader
5
Bitcoin Trade updateGood morning all, update today is a little different. I have included what I found to be interesting with BTC and ETH. As we can see it looks like ETH is leading the way on the current price action. Price for ETH is trading above all 3 of my moving averages. Which is a good indication of a medium trend change at the least. BTC is lagging behind it so far. Could ETH start leading the way? I have seen some people say so. Something to keep a watch on for sure. Anyway onto the trade we are still in good profits and continuing bullish structure. Price has moved and tradign above my short and medium term moving averages, so we can keep holding and moving SL into profits as we go. Will update again next week GLIYF
ELong
by FX_Crypto_Trader
1
ETHGBP 06 AUG 2022 (follow up from June 10 2022)Hit the target area and behaved as expected (generally). Currently in a counter-trend situation but would reconsider any long entry at this point... It already too high. It took 2 months to materialise from the original projection. But the key takeaway is that you want to wait for prices to reach significant previous demand zones (if planning long entry) or, previous significant supply zones (if planning shirt). Most of us make the mistake of jumping in when it is already well into the "green" profit zone. This is a clever market psyop or way to draw retail traders in. When price is green, its generally too late. You want to ALWAYS wait for the price to come to you and not the other way around. The more patient you are, the more you will win. Patience is the most difficult skill to develop in trading, hands down. Its not even about what metrhod you choose to use. Many methods work, if you can wait. But if you follow my work you know my bias. I stand by volume analysis and Wyckoff methodology as superior to all methods but that does not mean others do not work. You just need to practice whatever method makes sense to you.
by dee718
2
Eth gbp I've personally put ALL my assets onto cold storage and waiting for price to recover all those big pumped green vector candles that our good friends, the market makers have kindly sold to all those traders that bought using leverage...so their essentially in a loss on those contracts they agreed to. This "pre covid" line , imo, applies to all the coins that were in existence prior to march 2020. I reckon there will be big institutions lookin at these levels too and by then, the filthy hands of the fed and sec will have all their regulations and BS in place so they can get on board and mot likely try and funk up our new financial world for their own benefit. Shame ... but there's no fighting them over this
by steve_taffy
ETHGBP 10 JUNE 2022 (Follow up)As usual .. I am correct. lol... The amount of trolls that I got for this post were astounding. These trolls were likely people who bought at the very top and are emotional. These trolls tend to not have any charts posted of their own as well... I hope that these people learned their lesson and are making better decisions with their money... Enough of that. No volume appears to be coming in up to this point. This thing can very well tank. BUT, i don't like making long term calls. I do not see any signs of accumulation which means Smart Money institutions are not stepping in to stop the move. They sold at the top... where trolls like to buy. Take it one demand zone at a pop. Save your money and let this run its course. Do not try to catch a falling knife. If you are on Trading View it is more than likely that all the money that you have will never be enough to stop this price from falling. We are talking billion of US dollars. But keep laughing trolls. Like I told you, just ht me up when you want your first lesson.
Short
by dee718
1
ETHGBP 29 MAY 2022 1200 hrsIt's all about accumulation and distribution. Does the correct price level look like accumulation? I do not think so. Look for accumulation patterns off of old order black/demand zones. See where the high stopping volume areas are and evaluate/analyse from there. Patience is extremely important in crypto. if you are lookiing to hold long term and get in at a good price. You also need to know when you are in a trapped position and must weigh your options and possibly accept loses to come back to trade another day... But what you do with your capital is YOUR responsibility. Careful of who you listen to on social media. Their enthusiasm should not be what you make financial decisions with. Sources of education: Richard Wyckoff Tom Williams Volume spread analysis VSA/ Master the Markets Pete Faders VSA*
Sam Seiden (supply and demand) Read the ticker dot com Wyckoff analytics PsychFX MentFX Element 15 trades (bitchute/odessy) Avoid buying into weakness/supply/resistance Avoid selling into strength/demand/support Avoid entry when price is in middle of a range (phase B)
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Short
by dee718
33