Tuesday passed uneventfully. As per my recent post "ETH is going down. Opportunity to short", we have explored current market trends and "what if" the worst-case scenario with the market dwelling into limbo. ...And the limbo is what ETH got into. Macro and Micro level data remain almost identical to yesterdays. At some point market will have to make a move, the...
Yesterday's price action unlocked profit opportunities for Data Money followers to make ~8-12% profit. Great yields for executing 2-3 trades per day, congratulations on your wins! 🏆 The situation today seems to follow the same trend. Macro-level data suggests a continuation of the H&S pattern that we discussed in yesterday's "Will ETH follow H&S formation? Get...
First of all, I would like to start with a sincere thank you to all of my followers. I have received a ton of messages from people asking what happened and why all of the sudden my posts stopped. I am well and healthy, thanks 🙏 Just had a really busy week and in situations like these, we sometimes have to make a hard call on what to prioritize. Our Data Money...
And here we are again, after a restless week of persuing profits we enter a Friday FOMO. That magical day of the week where traders are extra pushy to close the week with some profit. What does that mean for you and me? Let's take a look at some market data. 🕶 📊 Monday (1st of March) the start of spring and the start of the week with its all-time-low at ETH...
Today's post is short and sweet - nothing much has changed since yesterday. Today's pattern, however, is promising a breakout. Macro data says up, micro data says down. It seems that a psychological number of ETH $1550 is a strong anchor and the price was quite stable around that price point ever since Monday! From my yesterday's post many of you have learned why...
We, humans, tend to make a lot of interesting decisions. Some of them are good, some of them are bad and some of them are just what we currently see in the market right now. 👀 Generally, there is a lot of great market data out there. There are a lot of great indicators, support, resistance and so on. Then we add some more fancy properties into the market where...
Yesterday was a great day trading with opportunities to long and short. More importantly, it has been over 24hrs that the price is above the mid-way point without any significant dips. That indicates that the price is stabilizing and demonstrates clear bull flags. At the time of writing the price was quite stable around the previous resistance point of ETH $1550...
First of all, I would like to take a moment to thank all of my fans and followers! 🏆 It is mind-blowing that about 1 thousand people read my posts every day and Data Money has already over 400 followers! 📊 And sincerely thank you to all of my fans who write to me. It is amazing that so many of you got interested to use my analysis for building trading bots! 🤑 In...
First of all, I would like to thank all of my followers for your messages, questions and your support! It is unbelievable that in just under a month I gained over 380 followers! 🏆 So, it is Friday - how will we close this week? Although I have seen sooo many people unhappy about the recent price drop, I would have to say: Please don`t worry. It is a good...
A recent price drop caused a real storm. Yesterday things calmed down without massive sell-offs. Has the storm passed or are we in the eye of the storm? ⚡👀 Situations like these really give a headache to data analysts. So much data - no insights. Which data to follow? Data is all over the place, how to fairly separate trend analysis? How to adjust for irrational...
Today's TA will be similar to yesterday's. The pattern appears to be changing again. It is possible that this was just a 3-day retrace, it is also possible that the price is just temporary bouncing back before it crashes further. If history thought us anything - cryptos price can plummet without any warning. The current situation looks awfully alike Jan 2018, when...
This is just a quick post to overview the market macro data. Yesterday there was a systematic market shock as over-hyped, over-price bull run ran out of steam. People were panicking and speculating right and left. Price was dropping, exchange apps were crashing and ETH even dropped to $700 on Kraken. Not sure if anyone managed to buy at that price level as all...
This weekend has been very interesting. BTC is dominating the market price and all other cryptos are forced to follow. However, the demand has dried up and while BTC was still moving up, most altcoins started to slightly move down. Late Friday / early Saturday hype did not save BTC, after a number of high profile people trying hard to hype the market for yet...
We had another record week. Cryptos are in All-Time-High and EHT just broke a new record of $2k! There are so many topics and market data I would love to discuss here. However, this time I took a different approach. It is a very different post and even today's chart looks different. Price is going up, everyone is getting rich, the unicorns and rainbows for...
ETH (and most cryptos for that matter) have been making history in the last couple of months. Never before it had 4 months of straight sky-rocketing bull run, almost without a fault. That is very unusual for cryptos market and is causing FOMO and anxiety for many people. I can't even count how many times in the last 2 months I have seen people celebrating that...
I am back! Huge thanks to everyone messaging me and supporting my posts. That means a lot. For those who are new to my posts - I post ETH technical analysis and provide my market perspective for context. It all started as fun conversations among friends and they started to make good money on top of it. They encouraged me to make posts about it and here we are....
What an extraordinary time we live in! In less than 2 months Elon Must managed to change the crypto world. With the power of a tweet, he managed to double his crypto assets value. And he is not getting a sizable fine! If any of my dear readers remember, last time he performed a similar stunt tweeting about taking Tesla private, he received a $20m fine for market...
This Monday morning is soo exciting! ETH has thrown quite a few jabs last Sunday driving volatility and kicking traders out of their beds 😄 Looking at the market data one could find ways to explain the dip and bounce back would be perfectly reasonable. Except for ETH futures announcement. Here it gets more complicated. You would think that positive publicity would...