Forecast based on horizontal volumes for Ethereum on 05/20/21.

1.Analysis of volumes by instrument ETHUSDT c exchange “Binance».

2. Analysis of the long-term trend.

3. Analysis of the medium-term trend.

4. Analysis of the short-term trend.

5. Japanese candlestick analysis.

6. Conclusions.

7. Statistics.

1. Analysis of volumes by instrument ETHUSDT c exchange “Binance».

The analysis uses data on horizontal volumes from the Binance exchange on daily charts. The analysis is based on the Footprint-Profile theory, in which the movement of the level of the maximum horizontal volume per day can indicate the likely direction of the trend. The maximum volume level is the level at which the maximum number of transactions was made, that is, the level of a large player. Accordingly, the upward movement of the maximum volume levels indicates an uptrend. A downward movement of the maximum volume level indicates a downtrend. Chaotic movement of the maximum volume levels indicates a flat in the market.

05/18/21 – Maximum horizontal volume level (РОС – Point Of Control) – 3368

05/19/21 – Maximum horizontal volume level (РОС – Point Of Control) – 2483

POC moved down, the price is above the POC level. Downward movement in the market, you can sell.

2. Analysis of the long-term trend.

Trend friend of the trader. Many traders know this saying but don’t know how to use it. The answer is simple: trade only in the direction of the trend. This way your trades will have more profit potential with less risk. According to classical Dow theory, there are three main trends:

long-term;

medium-term;

short.

It is all these trends that need to be analyzed before opening any deal. This is what we will do in this analysis.

Long-term trend in this analysis this is a daily trend. Trades will be executed on the daily timeframe and held for several days. Daily trend analysis is carried out using the EMA (48) exponential moving average with a period of 48. If the daily candle closed above the EMA (48), then we have an uptrend and we should buy. If the daily candle closed below the EMA (48), then the trend is downtrend and should be sold.

The price is below the EMA (48). The long-term trend is downtrend, so selling should be considered in this situation.

3.Analysis of the medium-term trend.

In this analysis, the medium-term trend will be the trend on the 4-hour chart (H4). EMA will also be used for analysis (48) exponential moving average with a period of 48. If the H4 candlestick closed above the EMA (48), then the trend is up and you should buy. If the H4 candlestick closed below the EMA (48), then the trend is downtrend and should be sold.

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The price is below the EMA (48). Medium-term trend is downtrend, you can sell.

4. Analysis of the short-term trend.

A short-term trend that can show the point of entry into the market well is a trend on the H1 timeframe. EMA will help us (48) exponential moving average with a period of 48. If the H1 candlestick closed above the EMA (48), then the trend is up and you should buy. If the H1 candlestick closed below the EMA (48), then the trend is downtrend and should be sold.

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The price is below the EMA (48). The short-term trend is downtrend, you can sell. Long-term, medium-term and short-term trends are the same.

5. Japanese candlestick analysis.

Classic Japanese candlestick analysis is applied to the daily timeframe. In this analysis, we will also analyze the daily candle.

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Closing of the daily candle is down, the candle is black. The low is below the low of the previous candle. Candle configuration – Indefinite, large body, large lower shadow. You can sell from the point of view of candlestick analysis.

6. Conclusions.

  1. Volumetric analysis SELL .
  2. Long term trend SELL.
  3. Medium-term trend SELL.
  4. Short term trend SELL.
  5. Japanese candlestick analysis SELL.

General conclusion: 05/20/21 can be sold as different types of analysis give the same predictions.

7. Statistics.

To analyze the effectiveness of this approach, statistics are kept on completed transactions. Forecasts are made and transactions are made in four instruments: Bitcoin, Ethereum, Litecoin, BCHUSD. 9% yield in 3 months with a maximum drawdown of 4.88%. Statement:

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I do not open new deals on Ethereum, because today I opened a new deal on Litecoin, it looks weaker.

Risk per trade 1% of the deposit. For new trades, the stop loss is located beyond the daily extremum. We do not set take profit, since we will accompany the transaction by moving the stop loss beyond the extremes of new days.

Since trading is carried out on daily charts, this recommendation is relevant throughout the day.

Trade with the trend and you will be in the black!

Get bonus

Source: InstaForex

Forecast based on horizontal volumes for Ethereum for 05/19/21

1. Analysis of volumes by instrument ETHUSDT c exchange “Binance».

2. Analysis of the long-term trend.

3. Analysis of the medium-term trend.

4. Analysis of the short-term trend.

5. Japanese candlestick analysis.

6. Conclusions.

7. Statistics.

1. Analysis of volumes by instrument ETHUSDT c exchange “Binance».

The analysis uses data on horizontal volumes from the Binance exchange on daily charts. The analysis is based on the Footprint-Profile theory, in which the movement of the level of the maximum horizontal volume per day can indicate the likely direction of the trend. The maximum volume level is the level at which the maximum number of transactions was made, that is, the level of a large player. Accordingly, the upward movement of the maximum volume levels indicates an uptrend. A downward movement of the maximum volume level indicates a downtrend. Chaotic movement of the maximum volume levels indicates a flat in the market.

05/17/21 – Maximum horizontal volume level (РОС – Point Of Control) – 3243

05/18/21 – Maximum horizontal volume level (РОС – Point Of Control) – 3368

POC moved upwards, the price is below two POC levels. Downward movement in the market, you can sell.

2. Analysis of the long-term trend.

Trend friend of the trader. Many traders know this saying but don’t know how to use it. The answer is simple: trade only in the direction of the trend. This way your trades will have more profit potential with less risk. According to classical Dow theory, there are three main trends:

long-term;

medium-term;

short.

It is all these trends that need to be analyzed before opening any deal. This is what we will do in this analysis.

Long-term trend in this analysis this is a daily trend. Trades will be executed on the daily timeframe and held for several days. Daily trend analysis is carried out using the EMA (48) exponential moving average with a period of 48. If the daily candle closed above the EMA (48), then we have an uptrend in front of us and we should buy. If the daily candle closed below the EMA (48), then the trend is downtrend and should be sold.

The price is above the EMA (48). The long-term trend is upward, so buying is worth considering in this situation.

3.Analysis of the medium-term trend.

In this analysis, the medium-term trend will be the trend on the 4-hour chart (H4). EMA will also be used for analysis (48) exponential moving average with a period of 48. If the H4 candlestick closed above the EMA (48), then the trend is up and you should buy. If the H4 candlestick closed below the EMA (48), then the trend is downtrend and should be sold.

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The price is below the EMA (48). Medium-term trend is downtrend, you can sell.

4. Analysis of the short-term trend.

A short-term trend that can show the point of entry into the market well is a trend on the H1 timeframe. EMA will help us (48) exponential moving average with a period of 48. If the H1 candlestick closed above the EMA (48), then the trend is up and you should buy. If the H1 candlestick closed below the EMA (48), then the trend is downtrend and should be sold.

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The price is below the EMA (48). The short-term trend is downtrend, you can sell. Long-term, medium-term and short-term trends do not coincide.

5. Japanese candlestick analysis.

Classic Japanese candlestick analysis is applied to the daily timeframe. In this analysis, we will also analyze the daily candle.

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Close of the daily candle at the opening price. Extrema inside the extrema of the previous candle. Candle configuration – Doji, small body, large shadows. You can buy and sell from a candlestick analysis point of view.

6. Conclusions.

  1. Volumetric analysis SELL .
  2. Long-term trend BUY.
  3. Medium-term trend SELL.
  4. Short term trend SELL.
  5. Japanese candlestick analysis BUY SELL.

General conclusion: 05/19/21 you can buy and sell as different types of analysis give different predictions.

7. Statistics.

To analyze the effectiveness of this approach, statistics are kept on completed transactions. Forecasts are made and transactions are made in four instruments: Bitcoin, Ethereum, Litecoin, BCHUSD. 9% yield in 3 months with a maximum drawdown of 4.88%. Statement:

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New deals on Ethereum do not open up uncertainty in the market.

Risk per transaction 1% of the deposit. For new trades, the stop loss is located behind the daily extreme. We do not set the take profit, since we will accompany the transaction by moving the stop loss beyond the extremes of new days.

Since trading is carried out on daily charts, this recommendation is relevant throughout the day.

Forecast based on horizontal volumes for Ethereum on 05/18/21

1. Analysis of volumes by instrument ETHUSDT c exchange “Binance».

2. Analysis of the long-term trend.

3. Analysis of the medium-term trend.

4. Analysis of the short-term trend.

5. Japanese candlestick analysis.

6. Conclusions.

7. Statistics.

1. Analysis of volumes by instrument ETHUSDT c exchange “Binance».

The analysis uses data on horizontal volumes from the Binance exchange on daily charts. The analysis is based on the Footprint-Profile theory, in which the movement of the level of the maximum horizontal volume per day can indicate the likely direction of the trend. The maximum volume level is the level at which the maximum number of transactions was made, that is, the level of a large player. Accordingly, the upward movement of the maximum volume levels indicates an uptrend. A downward movement of the maximum volume level indicates a downtrend. Chaotic movement of the maximum volume levels indicates a flat in the market.

05/16/21 – Maximum horizontal volume level (РОС – Point Of Control) – 3490

05/17/21 – Maximum horizontal volume level (РОС – Point Of Control) – 3243

POC moved down, the price is above the POC level. There is a sideways movement in the market, you can buy and sell.

2. Analysis of the long-term trend.

Trend friend of the trader. Many traders know this saying but don’t know how to use it. The answer is simple: trade only in the direction of the trend. This way your trades will have more profit potential with less risk. According to classical Dow theory, there are three main trends:

long-term;

medium-term;

short.

It is all these trends that need to be analyzed before opening any deal. This is what we will do in this analysis.

Long-term trend in this analysis this is a daily trend. Deals will be executed on the daily timeframe and held for several days. Daily trend analysis is carried out using the EMA (48) exponential moving average with a period of 48. If the daily candle closed above the EMA (48), then we have an uptrend in front of us and we should buy. If the daily candle closed below the EMA (48), then the trend is downtrend and should be sold.

The price is above the EMA (48). The long-term trend is upward, so buying is worth considering in this situation.

3.Analysis of the medium-term trend.

In this analysis, the medium-term trend will be the trend on the 4-hour chart (H4). EMA will also be used for analysis (48) exponential moving average with a period of 48. If the H4 candlestick closed above the EMA (48), then the trend is up and you should buy. If the H4 candlestick closed below the EMA (48), then the trend is downtrend and should be sold.

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The price is below the EMA (48). Medium-term trend is downtrend, you can sell.

4. Analysis of the short-term trend.

A short-term trend that can show the point of entry into the market well is a trend on the H1 timeframe. EMA will help us (48) exponential moving average with a period of 48. If the H1 candlestick closed above the EMA (48), then the trend is up and you should buy. If the H1 candlestick closed below the EMA (48), then the trend is downtrend and should be sold.

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EMA price (48). The short-term trend is sideways, you can buy and sell. Long-term, medium-term and short-term trends do not coincide.

5. Japanese candlestick analysis.

Classic Japanese candlestick analysis is applied to the daily timeframe. In this analysis, we will also analyze the daily candle.

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Closing of the daily candle upwards, the candlestick is white. The low is below the low of the previous candle. Candle configuration – Doji, small body, large shadows. You can buy and sell from a candlestick analysis point of view.

6. Conclusions.

  1. Volumetric analysis BUY SELL .
  2. Long-term trend BUY.
  3. Medium-term trend SELL.
  4. Short term trend BUY SELL.
  5. Japanese candlestick analysis BUY SELL.

General conclusion: 05/18/21 you can buy and sell as different types of analysis give different predictions.

7. Statistics.

To analyze the effectiveness of this approach, statistics are kept on completed transactions. Forecasts are made and transactions are made in four instruments: Bitcoin, Ethereum, Litecoin, BCHUSD. 9% yield in 3 months with a maximum drawdown of 4.88%. Statement:

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New deals on Ethereum do not open up uncertainty in the market.

Risk per trade 1% of the deposit. For new trades, the stop loss is located beyond the daily extreme. We do not set the take profit, since we will accompany the transaction by moving the stop loss beyond the extremes of new days.

Since trading is carried out on daily charts, this recommendation is relevant throughout the day.

Trade with the trend and you will be in the black!

ETH falls into correction, ADA sets new all-time record: altcoin market forecast

The weekend turned out to be quite controversial for the altcoin market. On Saturday, the indicators of the main cryptocurrencies were actively growing, but the sudden collapse of bitcoin quotes did not leave the coins a chance. As a result, on May 17, the cryptocurrency market shrank by 8%, and the total capitalization fell to $ 2.1 trillion.

Ethereum confidently held its position near the all-time high around $ 4000, the main altcoin had all the prerequisites for continued growth and setting a new record. If you look at the charts, you can see that the fall in the ETH / USD quotes began on May 16, when the Bitcoin indicators began to move downward. Musk’s negative statements finished off BTC, which began to affect the performance of all cryptocurrencies. As a result, the overdue Ethereum correction was aggravated by a sharp collapse of the entire market. As of 15:00, the ETH / USD pair is trading at $ 3520. The asset lost 7% in price, and the weekly dynamics of price changes became negative -11%. At the same time, ether is the only coin that has sufficient prerequisites for the resumption of growth. It is likely that the situation of a week ago will be repeated, when ETH recovered earlier than others after the collapse of BTC and dragged the entire market with it.

A completely different dynamics is shown by the Ripple token, which managed to overcome the difficult psychological milestone of $ 1.4 -1.45. The cryptocurrency is showing an excellent result and has almost completely won back the fall of yesterday. Judging by the charts, the token made a sharp jump on Saturday, which supported the market, and the asset continued to grow in smaller jumps. However, the Bitcoin crash pushed the cryptocurrency back to the $ 1,359 mark, from where XRP resumed its growth. As of 15:00, the crypto asset is quoted at $ 1.54 and continues to grow in value. The dynamics of changes in the value of the cryptocurrency over the past few hours has become extremely positive + 3.5%. The main reason for such a rapid rise in altcoin quotes was another victory for Ripple in the courtroom. The company gained access to documents that can prove that the regulator does not consider cryptocurrencies as securities. This news not only contributes to the growth of token quotes, but also can instill optimism in all market participants.

Litecoin indicators, like ETH, collapsed after the collapse of bitcoin and the saturation of the crypto market with negative news. As of 15:00, LTC / USD quotes are quoted at $ 290, and the cryptocurrency itself has lost 8% in price. The dynamics of price changes for the week is -25.5%, which indicates the complete helplessness of the asset without the positive influence of external factors. The situation is different for altcoin ADA, which set a new all-time record at around $ 2.4. This allowed the cryptocurrency to climb to the 4th place in terms of capitalization with a result of $ 69.7 billion. However, the asset failed to overcome the negative of the market and dropped in price by 8% over the course of the day. As of 15:00, the coin is quoted at $ 2.18. The cryptocurrency has its own reason for negativity, because billionaire Mark Cuban condemned the coin, doubting the possibility of its practical application.

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Despite the prevailing amount of negative news, the cryptocurrency market will begin to actively recover its positions in the next few days. The main driving force will be the XRP token, which gains investor confidence and allows the market to overcome the collapse caused by Bitcoin. Ether will also begin to recover its positions, which will help weaker altcoins resume growth. However, it should be noted that such a scenario is possible with a more or less positive news background.

Forecast based on horizontal volumes for Ethereum on 05/17/21

1. Analysis of volumes by instrument ETHUSDT c exchange “Binance».

2. Analysis of the long-term trend.

3. Analysis of the medium-term trend.

4. Analysis of the short-term trend.

5. Japanese candlestick analysis.

6. Conclusions.

7. Statistics.

1. Analysis of volumes by instrument ETHUSDT c exchange “Binance».

The analysis uses data on horizontal volumes from the Binance exchange on daily charts. The analysis is based on the Footprint-Profile theory, in which the movement of the level of the maximum horizontal volume per day can indicate the likely direction of the trend. The maximum volume level is the level at which the maximum number of transactions was made, that is, the level of a large player. Accordingly, the upward movement of the maximum volume levels indicates an uptrend. A downward movement of the maximum volume level indicates a downtrend. Chaotic movement of the maximum volume levels indicates a flat in the market.

05/15/21 – Maximum horizontal volume level (РОС – Point Of Control) – 3895

05/16/21 – Maximum horizontal volume level (РОС – Point Of Control) – 3490

POC moved down, the price is below the POC level. Downward movement in the market, you can sell.

2. Analysis of the long-term trend.

Trend friend of the trader. Many traders know this saying but don’t know how to use it. The answer is simple: trade only in the direction of the trend. This way your trades will have more profit potential with less risk. According to classical Dow theory, there are three main trends:

long-term;

medium-term;

short.

It is all these trends that need to be analyzed before opening any deal. This is what we will do in this analysis.

Long-term trend in this analysis this is a daily trend. Trades will be executed on the daily timeframe and held for several days. Daily trend analysis is carried out using the EMA (48) exponential moving average with a period of 48. If the daily candle closed above the EMA (48), then we have an uptrend in front of us and we should buy. If the daily candle closed below the EMA (48), then the trend is downtrend and should be sold.

The price is above the EMA (48). The long-term trend is an uptrend, so buying is worth considering in this situation.

3.Analysis of the medium-term trend.

In this analysis, the medium-term trend will be the trend on the 4-hour chart (H4). EMA will also be used for analysis (48) exponential moving average with a period of 48. If the H4 candlestick closed above the EMA (48), then the trend is up and you should buy. If the H4 candlestick closed below the EMA (48), then the trend is downtrend and should be sold.

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The price is below the EMA (48). Medium-term trend is downtrend, you can sell.

4. Analysis of the short-term trend.

A short-term trend that can show the point of entry into the market well is a trend on the H1 timeframe. EMA will help us (48) exponential moving average with a period of 48. If the H1 candlestick closed above the EMA (48), then the trend is up and you should buy. If the H1 candlestick closed below the EMA (48), then the trend is downtrend and should be sold.

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The price is below the EMA (48). The short-term trend is downtrend, you can sell. Long-term, medium-term and short-term trends do not coincide.

5. Japanese candlestick analysis.

Classic Japanese candlestick analysis is applied to the daily timeframe. In this analysis, we will also analyze the daily candle.

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Closing of the daily candle is down, the candle is black. The low is below the low of the previous candle. Candlestick configuration – Trend candlestick, large body, small shadows. You can sell from the point of view of candlestick analysis.

6. Conclusions.

  1. Volumetric analysis SELL .
  2. Long term trend BUY.
  3. Medium-term trend SELL.
  4. Short term trend SELL.
  5. Japanese candlestick analysis SELL.

General conclusion: 05/17/21 you can buy and sell as different types of analysis give different predictions.

7. Statistics.

To analyze the effectiveness of this approach, statistics are kept on completed transactions. Forecasts are made and transactions are made in four instruments: Bitcoin, Ethereum, Litecoin, BCHUSD. 9% yield in 3 months with a maximum drawdown of 4.88%. Statement:

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New deals on Ethereum do not open up uncertainty in the market.

Risk per trade 1% of the deposit. For new trades, the stop loss is located behind the daily extreme. We do not set the take profit, since we will accompany the transaction by moving the stop loss beyond the extremes of new days.

Since trading is carried out on daily charts, this recommendation is relevant throughout the day.

Ethereum Price Exceeds $ 4100

Schedule Ethereum prices at intervals of 1 week

Last week, when Ethereum soared above $ 3,000 for the first time in history, its market cap surpassed Bank of America’s value, making it one of the top thirty most valuable assets in the world. Today, Ethereum is already worth more than $ 4,100, and its capitalization at the time of this writing was $ 477 billion (Coinmarketcap data – approx.ProFinance.ru) against the capitalization of JPMorgan (the largest US bank by assets) at $ 488 billion.

Ethereum’s meteoric rise can be attributed to the growing interest in it from institutional investors. According to the data cited by CoinTelegraph, the volume of their position in this cryptocurrency or in its derivatives is about $ 14 billion.

Last week, the European Investment Bank announced a $ 121 million two-year digital bond offering. In addition, the popularity of so-called decentralized finance (DeFi) is growing rapidly.

It is also worth remembering that there are a couple of important infrastructure upgrades coming to the Ethereum network that are expected to dramatically lower transaction costs.

Is it worth investing in bitcoin or ether?


Ether, the second largest currency, has hit an all-time high as interest in so-called altcoins continues to grow. Dogecoin, a meme coin that was created as a joke, has a capitalization of almost $ 90 billion.

In total, CoinGecko now tracks over 7,000 coins with the most incredible names (some of them even edible, like PancakeSwap).

Most people are better off starting with the two leading cryptocurrencies, Bitcoin and Ether. Both coins would be a relatively good investment in 2021, with Bitcoin roughly doubling and Ether more than fourfold, compared to the 11% rise in the S&P 500.

So what do you need to know before deciding where to invest your money?

Ether

Ether is a token created on the world’s most popular blockchain Ethereum, which is used to verify and record transactions.

Companies like Microsoft Corp. are using this technology to create their own blockchain developments. Ethereum also led to the explosive growth of non-fungible tokens – the newest trend in the world of digital art.


“Ether is a blockchain platform that functions like the Apple store or Android app store,” said Pat Lavecchia, CEO of US digital securities trading platform Oasis Pro Markets. “Bitcoin is as much a resource as gold, or a store of value.”


Unlike Bitcoin, which has many of its core features built into the architecture (such as limited supply), the Ethereum platform continues to evolve. It is currently in the process of being upgraded, which should improve the efficiency of the network, and even make changes that will lead to a reduction in supply. The price may jump amid growing attractiveness and expanding restrictions on the number of ethers available.


“Investors often view Ethereum as an investment for growth, betting on the continued development of a decentralized ecosystem built on Ethereum,” said Phil Bonello, director of research at Grayscale Investments, who runs the funds that provide tools for both cryptocurrencies. “Sometimes they see ether as a way to get access to all the developments that happen on Ethereum.”


Bitcoin

Although Bitcoin’s dominance has declined slightly this year – according to CoinGecko, Bitcoin now accounts for about 46% of the total cryptocurrency market capitalization, up from about 70% at the beginning of the year – it is still the largest coin to date.

According to CoinGecko, its market cap is over $ 1 trillion versus $ 380 billion for Ethereum.

Larger corporations favor bitcoin. Tesla Inc. and MicroStrategy Inc. buying the largest cryptocurrency, not ether. When Paul Tudor Jones or Ray Dalio talk about cryptocurrency, they mean Bitcoin.

This also affects volatility. Cornerstone Macro strategists have studied the possible dynamics of Bitcoin and Ether in a downturn. According to strategist Benson Durham, with a fall in the Bloomberg Galaxy cryptocurrency index by about 20%, the risk of a drop in ether is noticeably higher than that of its larger counterpart.


“In the event of a similar rally (also 20%), you really won’t see the concomitant rise in Ether over Bitcoin,” Durham added. “Therefore, the preponderance is on the side of bitcoin.”


Ether and Bitcoin (or neither)

When it comes to volatility, anyone dealing with cryptocurrencies should be comfortable with price fluctuations, which can be quite significant even for the leading cryptocurrencies. Also, from time to time there are problems associated with hacking or bankruptcy of exchanges.

Cryptocurrencies could suffer from regulatory tightening or even the prospect of their adoption. In addition, prices could plummet; some market experts warn of a potential bubble.

Most traditional financial advisors are against investing in cryptocurrencies over 5% of the total portfolio and warn clients that they must be prepared to lose their investment. However, for those looking to enter the cryptocurrency space, the rationale for buying both coins lies in the age-old quest for diversification and hedging tools.


“When deciding whether cryptoassets will help reduce portfolio volatility alongside traditional assets, consider creating a small basket rather than just buying a single bitcoin, given the opportunities for diversification among digital coins themselves,” Cornerstone analysts wrote in a recent report.


Forecast based on horizontal volumes for Bitcoin on 05/07/21


1.How to make money on cryptocurrencies?

2. Analysis of volumes for Bitcoin futures from the Chicago Futures Exchange (CME).

3. Analysis of the trend.

4. Japanese candlestick analysis.

5. Conclusions. Statistics.

1. How to make money on cryptocurrencies?

If you want to make money on cryptocurrency, avoid aggressive trading approaches, especially at the beginning of your journey. The conservative path is slower, but more correct. Let’s continue to look at aggressive money management techniques that should only be used by experienced traders.

Locking Is an aggressive method of money management, in which in the event of a price movement against an open position, a stop loss is not set, but an opposite trade is opened. Thus, the position is locked, and both a buy and a sell deal are open at the same time.

The figure shows an example of using the lock. First, a buy position is opened in the hope of a continuation of the upward movement, but without a stop loss. Then, when a downward movement begins, a sell position is opened, and the loss after that practically does not grow.

Difficulties associated with the castle:

y- Any lock, if held for a long time, will be broken by a commission. When a position is rolled over overnight, the commission for open trades will be charged, so the loss will still grow, albeit at a much slower rate. Therefore, holding the locks for a long time does not make sense, they need to be broken off rather quickly and get out of this situation.

So, locking is an aggressive and complex money management method. It is best used by experienced traders after backtesting. Locked systems should only be part of a trading system portfolio.

2. Analysis of volumes for Bitcoin futures from the Chicago Futures Exchange (CME).

The sideways correction of bitcoin continues. Consider the levels of maximum horizontal volumes from the Chicago Futures Exchange. These volumes show the activity of major players.

05/04/21 – Maximum horizontal volume level (РОС – Point Of Control) – 55730

05.05.21 – Maximum horizontal volume level (РОС – Point Of Control) – 57315

ROS moved upwards, the price is below the maximum volume level. Sideways movement in the market. In such a situation, you can buy and sell in terms of volume analysis.

3. Analysis of the trend.

The second step in the analysis is to check the short-term, medium-term and long-term trend. It is worth making deals when the direction of all three trends coincides. To analyze the trend in these forecasts, an exponential moving average is used:

Long-term trend – EMA 1152 (blue) on the H1 timeframe, this is an analogue of EMA 48 on the D timeframe;

Medium-term trend – EMA 288 (red) on the H1 timeframe, this is an analogue of EMA 48 on the H4 timeframe;

Short-term trend – EMA 48 (black) on the H1 timeframe.

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EMAs are beginning to unravel upward, possibly a harbinger of the beginning of an upward movement. Therefore, today you can buy from the point of view of trend analysis.

4. Japanese candlestick analysis.

Market analysis using Japanese candlestick analysis is the third step in this trading system. Let’s analyze yesterday’s daily candle:

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Closing of the daily candle upwards, the candlestick is white. Extrema outside the previous candlestick. Candlestick configuration – Engulfing, yesterday’s candle is larger than the previous candle. From the point of view of Japanese candlestick analysis, it is worth considering buying.

5. Conclusions. Statistics.

  1. Volumetric analysis BUY SELL.
  2. Long term trend BUY.
  3. Medium-term trend BUY.
  4. Short term trend BUY.
  5. Japanese candlestick analysis BUY.

General conclusion: 05/06/21 you can buy and sell bitcoin, as different types of analysis give different predictions.

Only statistics can show the effectiveness of any trading approach. According to these forecasts, transactions are made on a separate account and open statistics of these transactions are provided. Transactions are made in four instruments: Bitcoin, Ethereum, Litecoin, BCHUSD, which are analyzed in the same way. 12.1% yield over 3 months with a maximum drawdown of 4.88%. Statement:

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I do not open new deals in the market uncertainty.

The risk per trade is not more than 1%, this approach is conservative. Stop loss for this system is set behind the minimum or maximum of the signal day, depending on the direction of the deal. Profit is given the opportunity to grow without restrictions, since I do not set take profit. I accompany the trade by moving the stop loss beyond the extremes of new days.

Since trading is carried out on daily charts, this recommendation is relevant throughout the day.

Is Ethereum overheated?

While bitcoin continues to trade sideways without updating technical benchmarks, let’s see what happens to the second cryptocurrency.

Over the past seven days, Ethereum has grown by 25% (for comparison, Bitcoin is only 5%). In early May, it updated its historical values, reaching $ 3,500 per coin.

This is not the first update of all-time highs for the second cryptocurrency. This process has been observed since the end of January, after the price of ETHUSD rose above the values ​​of January 2018 ($ 1,370.60 per coin).

Against this background, analysts are beginning to pay attention to the possible overheating of this asset. Experts from Santiment note that after such a sharp increase, no less sharp sales are possible.

Overbought as a result of the hype is evidenced by the growth of activity in social networks and a number of stock market indicators. The level of social activity around the second cryptocurrency has reached all-time highs. This means that recently, in a short period of time, a large number of users have been interested in the second cryptocurrency.

On May 3, when the Ethereum price climbed above $ 3,000 per coin, the daily gain in social activity broke a historical record and was higher than what was observed in 2017.

After hitting $ 3,500 for one Ether, the average values ​​of social mood indicators began to decline. According to Santiment analysts, this may mean a weakening of interest, as well as the formation of prerequisites for the beginning of a bearish scenario.

In favor of this opinion, an argument is made about the influx of more than 1 million ETH coins to crypto exchanges. This could be a sign of growing pressure from sellers. Moreover, the decline can start from the level of 3500 dollars.

Further growth, according to Santiment experts, is possible only after the Ethereum overheating has passed. But judging by the recent Bitcoin rally, this is far from a fact.

No matter how further the fate of ETHUSD develops, the nearest goals and possible scenarios should be determined from the point of view of technical analysis. After such a long growth, the correction is quite probable, which means that it is necessary to move “with small jumps”, taking away from the market a small, but the most probable profit.

On the ETHUSD chart, we see that the price has consolidated above the 161.8 level of the previous Fibo Expansion grid (green). This horizontal at 3244.64 now acts as a support. And if it is broken, quotes can be adjusted up to the Fibo Expansion 100 level near $ 2800 per coin. However, if the breakout takes place, the first target south will be the $ 3,000 psychological mark.

If the downward correction is exhausted by the current consolidation, the next targets for growth should be determined using the new Fibo Expansion (purple levels). Now the 61.8 level is working as a current resistance, and if it is broken, the ETHUSD price may move further to the 100 level of the purple extension – this is about $ 3,800,000 per coin.

ETH Reaches $ 3,500 And Rewrites History: Why This Is Just The Beginning

Over the past few days, the performance of the main altcoin has rewritten the history of the cryptocurrency market. First of all, the asset for the first time in history reached $ 3,500, and the total cryptocurrency capitalization exceeded $ 409 billion. As a result, there was a major shift in the percentage dominance of the market – Ethereum reached 16.5% for the first time, dropping the share of bitcoin to 43.5%.

After the renewal of Berlin, the ether has significantly strengthened its position. A decrease in commissions by 80% and an increased institutionalization of the asset, coupled with the problems of bitcoin, have become decisive factors in the growth of the main altcoin quotes. It was a series of events in late April and early May that caused a radical recalibration of the portfolios of market participants towards altcoins. Ether played a significant role in this change of priorities, which took over the leadership from the problematic bitcoin.

As a result, the ETH / USD pair is confidently holding on to the very top and has set a new all-time record – $ 3500. However, over the past day, the asset took a break and settled at $ 3390. At the same time, daily trading volumes remain at a fairly high level in the region of $ 74.5 billion, exceeding the indicators of bitcoin. Over the past week, ether has risen in price by 26.5% and has created a powerful foothold, which allows us to hope for a continuation of the upward dynamics. This is evidenced by the significant losses of bears over the past 24 hours, which tried to play on the decline. Crypto exchanges around the world have liquidated traders’ positions totaling more than $ 535 million.

Ethereum will continue to rise with interruptions for local correction, as evidenced by several important factors. First of all, the altcoin season is in full swing on the market, which is accompanied by the psychological problems of bitcoin. The second factor concerns exclusively ether and is the main component of the bright growth of cryptocurrency performance. ETH is in a safe time frame between two defining updates. The Gas algorithm was updated in mid-April, and the next stage of the transition to ETH 2.0 will take place in early June. The EIP-1559 update will allow burning part of the miners’ commission and will greatly strengthen the position of ether relative to its closest pursuers (ADA, DOT) and the main cryptocurrency. In addition, Ethereum begins to take over the information space, creating an individual positive news background. For example, it became known that in April the ether miners made a record profit of $ 1.65 billion. More than 56% of the proceeds came from mined blocks, which is directly related to the decrease in the cost of commissions.

The final chord, which will approve the new position of Ethereum in the cryptocurrency market, will be the full implementation of the ETH 2.0 version. The current demand for the asset is caused by the development of startups of independent financing, as well as an increase in transactions on the network by 22% from January 2021. Given this, it can be argued that ETH indicators will continue to grow until mid-June. If the partial launch of the mechanisms for switching to the new version caused a violent reaction from the market, then with the full launch of ETH 2.0, the asset quotes will fly into space. Ether will finally neutralize the presence of competing altcoins, and bitcoin will have no technical base to compete with the main altcoin as a means of conducting transactions. Ethereum risks becoming a monopoly as a payment instrument among crypto assets, because the 2.0 update will allow segmenting transactions, which will significantly increase the throughput and speed of transactions.