25% of all ETH is locked in smart contracts
The percentage of Ether locked in decentralized finance smart contracts has reached an all-time high of 25%, around the same percentage as the last all-time high in 2016, except today that Ether is worth $63 Billion as opposed to $23 Million 5 years ago.
The narrative of Ethereum becoming the decentralized financial layer of the internet grows stronger as the amount of ETH in smart contracts rises to all-time highs, we’re keeping an eye on where that number goes from here as more than a quarter of Ethereum’s token supply is deposited into smart contracts.
On June 25, Ethereum will face its largest options expiry in 2021 as $1.5 billion worth of options contracts will be settled.
An “options expiry” is just the last date before an option expires. Before this date, its owners can choose to exercise the option, close the position to take the profit or loss, or let the contract expire worthless.
The percentage of Ether locked in decentralized finance smart contracts has reached an all-time high of 25%, around the same percentage as the last all-time high in 2016, except today that Ether is worth $63 Billion as opposed to $23 Million 5 years ago.
The narrative of Ethereum becoming the decentralized financial layer of the internet grows stronger as the amount of ETH in smart contracts rises to all-time highs, we’re keeping an eye on where that number goes from here as more than a quarter of Ethereum’s token supply is deposited into smart contracts.
On June 25, Ethereum will face its largest options expiry in 2021 as $1.5 billion worth of options contracts will be settled.
An “options expiry” is just the last date before an option expires. Before this date, its owners can choose to exercise the option, close the position to take the profit or loss, or let the contract expire worthless.
An “options expiry” is just the last date before an option expires. Before this date, its owners can choose to exercise the option, close the position to take the profit or loss, or let the contract expire worthless.
We can see that the call/put ratio is pretty even (1.24) which tells us that the bulls and bears are in a tight race that’s too close to call right now. Historically, options expiries have affected the prices significantly, last options expiry in March, Ether dropped 17% in five days.
However, after the initial drop, Ether rallied 56%, reaching $2,500 within three weeks. It’s important to keep in mind the other factors at play in the market and not just take into account a single event. The last options expiry in March was preceded by negative headlines about miners and gas, which could have played a role in Ethereum’s drop last time. We’re watching to see if a similar scenario plays out.
Source Twitter
We can see that the call/put ratio is pretty even (1.24) which tells us that the bulls and bears are in a tight race that’s too close to call right now. Historically, options expiries have affected the prices significantly, last options expiry in March, Ether dropped 17% in five days.
However, after the initial drop, Ether rallied 56%, reaching $2,500 within three weeks. It’s important to keep in mind the other factors at play in the market and not just take into account a single event. The last options expiry in March was preceded by negative headlines about miners and gas, which could have played a role in Ethereum’s drop last time. We’re watching to see if a similar scenario plays out.
Source Twitter
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Many major mining companies are closing operation in China following the government orders.
Massive drop in hashrate expected.
Massive drop in hashrate expected.
First off, I'm extremely sorry about being inactive for the past week. Probably the longest duration without a post on channel. The honest answer, I was under a ton of uni work and exam preps that I could barely trades.
Regardless, this platform is just a personal journal of my journey as a traders and educational resource to thousands. I'll try and make up for it with this detailed analysis covering all the major happenings in the past 10 days.
Pin up the channel so you don't miss out and make sure your notifications are turned on!
Regardless, this platform is just a personal journal of my journey as a traders and educational resource to thousands. I'll try and make up for it with this detailed analysis covering all the major happenings in the past 10 days.
Pin up the channel so you don't miss out and make sure your notifications are turned on!
$BTC/USDT In-depth Analysis
Chart, EMAs and SR levels
Focus area is the red box near the $35,XXX range. We have a weekly resistance from EMA 34 weekly and the bottom of the box is guarded by the 100 daily EMA. Crucial levels to be tested and need to be broken for a stronger confirmation of reversal. Price currently testing the 100 EMA level. Might see a rejection if volume is not significant.
Second focus is the wide dash green line. A strong support is built here and is corresponding to both the 4h and 1D SR levels. This might serve as the bottom of a new range. We got a TD9 early reversal confirmation on 26 June but I wouldn't mind entering the move a little late to reduce downside risk.
Third are the minor resistance levels from the 4h chart which could give scalpers a rough idea of ranges to play in. The red daily level plotted are potential targets for this move and I expect some healthy pullback from those pricelines.
https://www.tradingview.com/x/jFJGidYw/
Chart, EMAs and SR levels
Focus area is the red box near the $35,XXX range. We have a weekly resistance from EMA 34 weekly and the bottom of the box is guarded by the 100 daily EMA. Crucial levels to be tested and need to be broken for a stronger confirmation of reversal. Price currently testing the 100 EMA level. Might see a rejection if volume is not significant.
Second focus is the wide dash green line. A strong support is built here and is corresponding to both the 4h and 1D SR levels. This might serve as the bottom of a new range. We got a TD9 early reversal confirmation on 26 June but I wouldn't mind entering the move a little late to reduce downside risk.
Third are the minor resistance levels from the 4h chart which could give scalpers a rough idea of ranges to play in. The red daily level plotted are potential targets for this move and I expect some healthy pullback from those pricelines.
https://www.tradingview.com/x/jFJGidYw/
Important dates
Its an open secret that Grayscale was the one who propped the price of bitcoin back up especially in the last 12 months with their excessive buying and market dominance. They hold about 3% of the total supply.
Now 17 July or 18 July, depending on where you live is probably the most important day as they unlock close to 16,000 bitcoins. This could lead to a cascading effect on the price of bitcoin and the larger market. I'm planning to exit most of my positions a day or two before the unlock and just sit with capital on the sidelines. If it holds the price, great, its a confirmation of people's confidence. If it starts crashing, I short it to the bottom. Simple as you like.
https://www.tradingview.com/x/Ull5sJuO/
Its an open secret that Grayscale was the one who propped the price of bitcoin back up especially in the last 12 months with their excessive buying and market dominance. They hold about 3% of the total supply.
Now 17 July or 18 July, depending on where you live is probably the most important day as they unlock close to 16,000 bitcoins. This could lead to a cascading effect on the price of bitcoin and the larger market. I'm planning to exit most of my positions a day or two before the unlock and just sit with capital on the sidelines. If it holds the price, great, its a confirmation of people's confidence. If it starts crashing, I short it to the bottom. Simple as you like.
https://www.tradingview.com/x/Ull5sJuO/
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
$BTC/USDT In-depth Analysis Chart, EMAs and SR levels Focus area is the red box near the $35,XXX range. We have a weekly resistance from EMA 34 weekly and the bottom of the box is guarded by the 100 daily EMA. Crucial levels to be tested and need to be broken…
$BTC/USDT Update
As predicted, the price did face resistance near the red box and under crucial EMAs. The next few days can be messy as we are in the C wave of an ABC correction pattern within the larger wave 4 correction. Usually these moves are like the teeth of a crocodile.
Be patient and let the moves play out and give us clear signs of reversal.
Click on the link for TA
https://www.tradingview.com/x/ZMEweeYz/
As predicted, the price did face resistance near the red box and under crucial EMAs. The next few days can be messy as we are in the C wave of an ABC correction pattern within the larger wave 4 correction. Usually these moves are like the teeth of a crocodile.
Be patient and let the moves play out and give us clear signs of reversal.
Click on the link for TA
https://www.tradingview.com/x/ZMEweeYz/
I often get asked about my learning as a cryptocurrency trader. I'm assuming about 98% would say they are self-taught traders, and it's understandable because of the sheer lack of good educators out there. Don't get me wrong; the internet has SO much to offer, you forget what to look for. You'll need laser focus and probably will get exhausted without a mentor.
Back in 2016, when I barely knew a thing about the market, I met this man with over ten years of experience in financial markets, and to date is my guru. You cannot fight the market by yourself as a newbie. You NEED a mentor, and if there's someone, I would suggest is the man behind my success. This chart is 15 min, and any smaller would immediately know it's a gold mine with the perfect trend lines.You can access this for FREE for a week!
Live Chart : https://bit.ly/3A3MGRo
Note: Live chart needs to be refreshed and you'll get realtime updates.
We Hashed Plutus do not offer any paid services, but this is probably the best external learning resource we could recommend.
In the link below, you'll find a subscription plan to access his training which covers everything about the market updated daily. And I tell you it's totally worth it. You'll learn more by just watching his video explainers every day than you would have by reading a 10,000-word article.
Link to WinXSell Videos and Education: LectumBot
Back in 2016, when I barely knew a thing about the market, I met this man with over ten years of experience in financial markets, and to date is my guru. You cannot fight the market by yourself as a newbie. You NEED a mentor, and if there's someone, I would suggest is the man behind my success. This chart is 15 min, and any smaller would immediately know it's a gold mine with the perfect trend lines.You can access this for FREE for a week!
Live Chart : https://bit.ly/3A3MGRo
Note: Live chart needs to be refreshed and you'll get realtime updates.
We Hashed Plutus do not offer any paid services, but this is probably the best external learning resource we could recommend.
In the link below, you'll find a subscription plan to access his training which covers everything about the market updated daily. And I tell you it's totally worth it. You'll learn more by just watching his video explainers every day than you would have by reading a 10,000-word article.
Link to WinXSell Videos and Education: LectumBot
$BTC / USDT Update
The price perfectly bounced off the mentioned levels after momentarily raiding it. Currently sitting at +6%. A strong move here could catalpult some altcoins to double digit greens today.
https://www.tradingview.com/x/KpJjkvfv/
The price perfectly bounced off the mentioned levels after momentarily raiding it. Currently sitting at +6%. A strong move here could catalpult some altcoins to double digit greens today.
https://www.tradingview.com/x/KpJjkvfv/
For the people looking into altcoins, I've been picking up some of these on every dip.
$MATIC
$ETH
$EOS
$UNI
A few other coins on my radar but I plan to hold on to these bags for the mid and long term positions. Only exiting these positions in case of a massive change in market directions.
$MATIC
$ETH
$EOS
$UNI
A few other coins on my radar but I plan to hold on to these bags for the mid and long term positions. Only exiting these positions in case of a massive change in market directions.
Forwarded from ICO Drops - ICO News & Alerts
Thai SEC files a criminal complaint against Binance for operating digital asset business without license.
The Cayman Islands Monetary Authority (CIMA): Binance, the Binance Group and Binance Holdings Limited are not registered, licensed, regulated or otherwise authorised by the Authority to operate a crypto-currency exchange from or within the Cayman Islands.
https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=9017
https://www.cima.ky/binance-not-regulated-by-cima
The Cayman Islands Monetary Authority (CIMA): Binance, the Binance Group and Binance Holdings Limited are not registered, licensed, regulated or otherwise authorised by the Authority to operate a crypto-currency exchange from or within the Cayman Islands.
https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=9017
https://www.cima.ky/binance-not-regulated-by-cima
ICO Drops - ICO News & Alerts
Thai SEC files a criminal complaint against Binance for operating digital asset business without license. The Cayman Islands Monetary Authority (CIMA): Binance, the Binance Group and Binance Holdings Limited are not registered, licensed, regulated or otherwise…
I think it's time we moved our funds elsewhere for their security. Things could turn ugly like the case of Mt. Gox id the SEC really get their hands on CZ
$BTCUSDT Update 4h
The previous update turned out to be very fruitful as the price moved exactly in our range bouncing from the crucial level where we entered and making a move upwards the $35869 level resistance line.
The price hasn't help to these levels and now is entering a very dramatic period for the entire cryptomarket. We need a pump and a quick one to compensate for the delayed price movements in BTC. I'm looking for heavy longs once we break past the red box around $36,000. This move is likely to carry us towards $40,000. But, we need this move to occur in the next 5 days. ie: the weekly close above this resistance block would be in favour of the bulls.
Out key support level still holds its integrity and I don't see a high probability of price breaking this level as of now.
https://www.tradingview.com/x/o6HRqhT0/
The previous update turned out to be very fruitful as the price moved exactly in our range bouncing from the crucial level where we entered and making a move upwards the $35869 level resistance line.
The price hasn't help to these levels and now is entering a very dramatic period for the entire cryptomarket. We need a pump and a quick one to compensate for the delayed price movements in BTC. I'm looking for heavy longs once we break past the red box around $36,000. This move is likely to carry us towards $40,000. But, we need this move to occur in the next 5 days. ie: the weekly close above this resistance block would be in favour of the bulls.
Out key support level still holds its integrity and I don't see a high probability of price breaking this level as of now.
https://www.tradingview.com/x/o6HRqhT0/
$ETHUSDT 4h breakout
As you have observed, the trading activity on channel has been reduced significantly on the alts side as bitcoin is making good scalping moves on smaller timeframes hence I've just been holding on to alts in spot.
A good position with fairly decent Risk Reward is ETH. Simple 200 EMA breakout strategy coupled with a confirmation from PXI.
https://www.tradingview.com/x/Rgf1mrT3/
As you have observed, the trading activity on channel has been reduced significantly on the alts side as bitcoin is making good scalping moves on smaller timeframes hence I've just been holding on to alts in spot.
A good position with fairly decent Risk Reward is ETH. Simple 200 EMA breakout strategy coupled with a confirmation from PXI.
https://www.tradingview.com/x/Rgf1mrT3/
$BTC/USDT Update
You just cant make this up so accurately.
I know the channel updates have been dry lately but the quality hasn't dropped one bit.
Look at the highlighted orange border-box. So many scalp trades there.
1) Price bounces of intersection level ($33,800 to mentioned resistance level ($35,169) and perfectly closes on top.
4.55% No leverage profit
2) Breakdown of diagonal support with the confirmation from EMA towards green support box.
6.79% No leverage short
3) Re-entry long from the green support level($32,386) to current price ($33,721)
5.17% No leverage long
These trades could be played out by simply looking at a single chart. That's how good the analysis gets.
https://www.tradingview.com/x/uyh2ydKr/
You just cant make this up so accurately.
I know the channel updates have been dry lately but the quality hasn't dropped one bit.
Look at the highlighted orange border-box. So many scalp trades there.
1) Price bounces of intersection level ($33,800 to mentioned resistance level ($35,169) and perfectly closes on top.
4.55% No leverage profit
2) Breakdown of diagonal support with the confirmation from EMA towards green support box.
6.79% No leverage short
3) Re-entry long from the green support level($32,386) to current price ($33,721)
5.17% No leverage long
These trades could be played out by simply looking at a single chart. That's how good the analysis gets.
https://www.tradingview.com/x/uyh2ydKr/
$BTC/USDT Update
If you remember this chart you know how bad things have become. The price did not move after the completion of out given time range and basically died from there.
The range is too tight to make any moves unless you are a scalper which I have stopped.
Basic lesson from Jesse Livermore:
"Don't trade when there aren't clear opportunities."
“Do not trade every day of every year.”
There are reasons why I haven't traded lately. The market isn't right. Wait it out patiently.
https://www.tradingview.com/x/Vzb3RKqq/
If you remember this chart you know how bad things have become. The price did not move after the completion of out given time range and basically died from there.
The range is too tight to make any moves unless you are a scalper which I have stopped.
Basic lesson from Jesse Livermore:
"Don't trade when there aren't clear opportunities."
“Do not trade every day of every year.”
There are reasons why I haven't traded lately. The market isn't right. Wait it out patiently.
https://www.tradingview.com/x/Vzb3RKqq/