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The Green Investor

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Bullish

Happy new year everyone! 

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No Technical Analysis prepares you for this. My apologies for everyone who went hard long before this ETH crash. If you still have money, well, prices are absurdly cheap right now.

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$ETH is up. Just broke above the trendline that was pushing it down. This week, economic data has been mixed. FED has been positive to $BTC as JPowell said something in the lines of "we will not be against innovation" when questioned about Cryptocurrency. GDP data has been negative to $BTC while Jobless claims has been positive. Overall, GDP is more important than jobless claims so yesterday's data has been overall negative. Today, PCE data came out as expected. In this scenario, a rise to 110k followed by a dump to 93k seems the most plausible scenario. ETH might once again reach $4000. if ETH reaches that high, all Ethereum-based altcoins will pump. the market sentiment seems to have been shifted more bullish than bearish rn.

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Most obvious bear trap ever. Just buy, buy and wait for the 110k. This is just a liquidity sweep, but bears will yell at you that we're going to 86k, that the "bear market" has started, etc. No, just buy.

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Should you buy TRUMP? The math is pretty clear. Usually low cap altcoins with 1 Billion (1000 million) available tokens range between $0.1~1 $TRUMP 's token has currently 200 Million available tokens and will unlock more only 3 months from here. Since President Trump's group holds 80% of the available amount; that leaves only 40 Million $TRUMP to be traded here in the outside market. So, right now, TRUMP behaves like an altcoin with 40 Million tokens. Since the current Market Cap is 5.35 Billion USD; Trump's 80% share holds 4.28 Billion USD of that, leaving us with a external 1.07 billion USD tradeable by our market. Trump's altcoin is, essentially, a 1B market cap altcoin with 40 Million available tokens. Now remember when I mentioned that most low cap altcoins with 1 Billion tokens trade within the range of .1 to 1 USD? Let's apply this math to $TRUMP to check what's the ideal range it should be trading right now. 1000 Million (1B) Tokens Altcoin → $0.1~ $1 40 Million Tokens TRUMP → $x ~ $10x x = $2.5, and 10x = $25. Thus, $TRUMP's coin should trade within a $2.5~$25 USD range. So, considering that TRUMP's team won't sell their 80% (they already didn't even during the $73 dollar craziness), anything above $25 is STILL overbought, and anything below $2.5 is oversold. Price can definitely still fall, so be aware!

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Do not buy $ANIME . It got delayed only on Binance, it's already tradeable in other exchanges. Here's what will happen if you buy it here: everyone who bought on other exchanges will sell on your face :p

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