With the recent price action, this accumulation can send ETH all the way up to $280-300 area if we see a breakout.

So if we get the close above the red area, we are aiming for resistance and our setups in the next 2-3 weeks will be pointing in that direction.

These are two targets for Bitcoin.

It came very strongly from the blue area to TP1 and I expect to see continuation going in the week ahead of us.

What’s your opinion on Bitcoin?
anonymous poll

I’m bullish – 181
👍👍👍👍👍👍👍 51%

I’m bearish – 121
👍👍👍👍👍 34%

I’m neutral – 55
👍👍 15%

👥 357 people voted so far.

Which altcoinn you want me to analyse in details (Technicals and Fundamentals)?
anonymous poll

Ethereum – 215
👍👍👍👍👍👍👍 58%

Ripple – 85
👍👍👍 23%

Litecoin – 47
👍👍 13%

Bitcoin Cash – 23
👍 6%

👥 370 people voted so far.

I see a lot of discussion about the red dot that has been released and many people are misinterpreting its meaning.

So, a higher ratio indicates that the commodity is increasingly scarce - and therefore more valuable as a store of value.

It means, if the red dot is printed, the Bitcoin scarcity is at the highest point.

Does it mean that the price will instantly follow scarcity increase and that we should expect a big move up?

It doesn’t but observing the price action in the history, it was the catalyst for the bull run each time it happened (2 times).

Most of you voted for Ethereum so in about 30 minutes, you can expect an update on ETH/BTC and ETH/USD pair as well as review of Ethereum’s fundamentals.

Stay tuned!

Fundamentally, Ethereum is expecting one of the biggest updates in this year.

Ethereum 2.0 that was planned for June/July 2020 is postponed but the sayings are still optimistic expecting it to happen by end of 2020.

There’s anticipation in the community and the accumulation that is currently skyrocketing.

As you can see, the amount of ETH addresses that hold more than 32 ETH is at the all-time high.

All these addresses will be eligible for stacking rewards when Ethereum 2.0 goes live.

So, accumulation is spiking and that’s something no one is talking about. Most of them cheers after the price goes up but this is the cause why the price will potentially go up.

By end of the year, Ethereum is definitely expecting a lot of positive news and we’ll hopefully see the ETH 2.0 going live!

ETH/BTC chart is currently sideways on a macro view and can go in either direction.

Lower highs and higher lows are the confirmation of the current range and the market without a trend.

Once we see either higher high or lower low forming, we will have potentially a beginning of the new trend in the market.

For an uptrend, we need daily and weekly closure above the previous high (red area).

ETH/USD chart is still targeting the $280-300 area.

It can blast through that area and can also be rejected to $200 price point.

I was talking recently about ETH/USD crossing and my opinion is still the same.

It’s strong both because of ETH/BTC pair and strong Bitcoin/USD.

Is it a good idea to buy and hold Ethereum?

Out of many altcoins, Ethereum is still a leader and still one of my favorite ones.

I do hold and will keep holding because of charts that look decent and especially because of upcoming fundamentals that should happen in a few months.

So, as an investment, I do hold but as a trade opportunity, it depends on the setup. In trading, you can make money in either direction so find the setup with positive R/R that’s in alignment with the trend and good luck.

I hope you like my overview of Ethereum fundamentals and analysis of both ETH/BTC and ETH/USD chart.

Which altcoin you want me to analyse next? (Technicals and Fundamentals)
anonymous poll

Cardano (ADA) – 121
👍👍👍👍👍👍👍 41%

NEO – 101
👍👍👍👍👍👍 34%

TRON – 49
👍👍👍 17%

EOS – 25
👍 8%

👥 296 people voted so far.

If you have some questions or you want to suggest which coins to add in the next pool, feel free to reach out to @CryptoSignalsAdmin

Just a shoutout to my good friend who makes a really good analysis and this is one of the best crypto channels in telegram.

Kim & Crypto is the special channel running by professional analysts. Kim knows what to buy and what to sell.

- Consistent predictions/entries
- Highly accurate trades/analysis
- Fully transparent

All her useful contents are free for everyone.

👉 Make sure to check her out: https://t.me/KimOnCrypto

3 weeks after the Bitcoin halving the mempool is almost empty again, 1 sat transactions confirming.

No mining death spiral, even though we lost nearly 50% of the hashrate, it's bouncing back, next difficulty adjustment down less than 10%.

Even after big cut in the mining revenue, Bitcoin working like it was designed to.

The short term uncertainty was expected but here you can see that everything is getting back to normal with Bitcoin inflation rate 50% that makes it more scarce.

Keep hodling!

Prior to yesterday’s drop, Bitcoin reached our long target and made an amazing profit with the risk-reward of 1:4 which is phenomenal.

This is what trading is all about. Trying to find setups in your favor with high risk-reward. Even with an accuracy rate of 30% for example, you can be profitable in the market as long as you follow the rules and stick to the plan.

Not every trade will be a winner but when it goes in your direction, make sure that the reward is worth the risk you are paying for that trade opportunity.

That’s the opposite of what trading is used to be advertised by those “experts” who claim to have a strategy with a 90% accuracy rate. Yea, make a setup where the target is $50 from your entry and stop-loss $500 and of course that 90% of the time you will be right but once it goes against you, all your gains will be swept out.

If you want to be part of our Premium Channel, where you get education followed with trading signals, contact @CryptoSignalsAdmin.

As a bonus, you also get a triding guide written by me.

An article I wrote 6 months ago and nothing changed since that time. Altcoins are looking even worse.

If you didn’t read, do it because it’s worth it

Yesterday, almost $120 worth of longs got liquidated on Bitmex.

One more time, if you are not experienced in leverage trading, stay away from it because your account can be burnt in a blink of an eye.

Yesterday everything happened in 2 1-minute candlesticks 🤯

The correlation between gold has consistently maintained relatively high levels for several months now, a phenomenon that has not been historically observed.

This correlation confirms the thesis that more and more people observe and look at Bitcoin as a store of value.

Keep hodling!

You voted for ADA so, in the next 30 minutes, I am going to share with you both fundamental and technical updates on Cardano (ADA).

Stay tuned!

Fundamentally looking, Cardano is approaching a very important time. In August, they’re expected to launch their mainnet which would activate stacking and Cardano holders will be able to get a passive return on their investment.

In the testnet, the return was around 10% annually which is pretty decent for this type of investment.

The stacking has proved to bring hype and interest to the market so recent move up shouldn’t be a surprise.

So, the fundamentals are great for this coin.