quintomudigo

Trader, blockchain technologist and contentpreneur

Bitcoin cash is a native coin of the Bitcoin cash network which came as a result of the Bitcoin hard-fork and whose transaction takes place from one smart contract address. The first smart contract address must pay a transaction fee in order for the transaction to be initiated to the Bitcoin cash network by the miners running the network. This makes it to be considered as a decentralized asset. Since the miners are the one running the network, it can therefore be considered to be using a proof of work consensus. In the proof of work consensus, the Bitcoin cash miners lease their computing power to be used by mining pools to secure the Bitcoin cash network as well as to validate any transaction taking place on the Bitcoin cash network. In return, they receive reward in form of new coin minted as well as fees received . Towards the end of August of 2017, the Bitcoin network went through a hard-fork which result to a fork of Bitcoin cash network with a native coin being Bitcoin cash. During that time, those people who were holding some amount of Bitcoin in their Bitcoin address were able to receive the same amount of Bitcoin cash based on the same amount of Bitcoin they had in their wallet by that time. During that time, one Bitcoin cash was going for around $200. 4 months later, the price had managed to go all the way over $3700. The price then went down to below $76 as 2018 was winding up. Today, the price is trading at around $280. The increase in price was due to an increase in the number of miners for a very short period of time while the decrease in price again was due the miners dumping their earned Bitcoin cash to several exchanges so that they can profit from high price. Therefore, the future price analysis for Bitcoin cash can therefore be predicted based on the consensus used as follows;

Consensus used

Bitcoin cash which is a hard-fork of Bitcoin uses a proof of work consensus. In the proof of work consensus, the miners can either decide to become solo miners or they can pool their computing power to a mining pool in order to share reward. In the mining pool, the miners will be able to receive their reward based in the computing mining power they share. The more computing power they share the more reward they receive while the little mining power they share the less reward they receive. The mining pool will use the computing power shared to secure the Bitcoin cash network as well as to validate transactions taking place on the Bitcoin cash network. In return,they receive reward in form of new coin minted as well as fees charged. Therefore, we can say that an increase in the number of miners in Bitcoin cash network will result to an increase in the utility function of Bitcoin cash which will further increase its demand thus causing its price to increase. On the other hand, we can say that a decrease in the number of miners in the Bitcoin cash network will result to a decrease in the utility function which will also decrease its demand thus causing its price to decrease. Therefore, we can predict the 2021 price for Bitcoin cash based on bullish and bearish condition as follows;

1. Bullish Bitcoin cash price analysis based on consensus used

In a bullish market, the bitcoin cash will be moving in an upwards direction. In late 2017 when Bitcoin cash came to be as a result of the hard-fork of Bitcoin, one Bitcoin cash was going for around $200. Within 3 months, the price went up all the way to around $3700. This increase in price was due to an increase in the number of miners beginning to mine Bitcoin cash by that time. The price then dropped to around $76 as 2018 was winding up. This decrease in price again was due to miners dumping their airdropped Bitcoin cash by that time together with their mined Bitcoin cash. Today, the price of one Bitcoin cash has dropped to around $280 and is currently trading at around there. The mining reward of Bitcoin cash keeps of halving after every four years. The first halving is likely to take place in one months time. By that time, the reward per block will also decline. Therefore we can say that if the number of miners for Bitcoin cash will have increased towards the beginning of 2021, then the demand for Bitcoin cash will also increase thus causing its price to also increase. Here is the chart showing the price prediction of Bitcoin cash by the end of 2020;

The above is the Bitcoin cash market in terms of USDT. Two points are being indicated. There is point A and point B. Before point A, the Bitcoin cash market can be seen to be moving in an upwards direction all the way to around $350. This increase in price has been due to an increase in the number of miners in the Bitcoin cash network thus resulting to an increase in its demand. This result to an increase in the number of buyers buying it thus causing it to continue going upwards all the way to $278 as indicated above. Some miners then dump their earned Bitcoin cash in several exchanges thus causing its demand to slightly decline. Because of this , the price again slightly decline to point A at around $272. More number of miners continue to join the Bitcoin cash network thus causing its demand to increase again thus its price rises again to point B at above $278. In one year time, if more number of miners will continue joining the Bitcoin cash network to lease their computing power to be used to secure the Bitcoin cash network as well as to validate transactions taking place on the Bitcoin cash network, then there is possibility of the demand for Bitcoin cash to continue increasing which can further cause the movement to continue trending upwards all the way to around $400. As an investor, this is the right time to buy Bitcoin cash since there is possibility of this to happen since I am bullish on Bitcoin cash

2. Bearish Bitcoin cash price analysis based on consensus used

In a besrish market, the bitcoin cash will be moving in a downwards direction. In late 2017 when Bitcoin cash came to be as a result of the hard-fork of Bitcoin, one Bitcoin cash was going for around $0.3. Within 24 hours, the price went up all the way to around $1000. This increase in price was due to an increase in the number of miners beginning to mine Bitcoin cash by that time. The price then dropped to around $700. This decrease in price again was due to miners dumping their airdropped Bitcoin cash by that time together with their mined Bitcoin cash. Three years later, the price of one Bitcoin cash has dropped to around $350 and is currently trading at around there. The mining reward of Bitcoin cash keeps of halving after every four years. The first halving is likely to take place towards the end of 2021. By that time, the reward per block will also decline. Therefore we can say that if the number of miners for Bitcoin cash will have decreased towards the beginning of 2021, then the demand for Bitcoin cash will also decrease thus causing its price to also decrease. Here is the chart showing the price prediction of Bitcoin cash by the end of 2020;

The above is the Bitcoin cash market in terms of USDT. Two points are being indicated. There is point A and point B. Before point A, the Bitcoin cash market can be seen to be moving in a downwards direction all the way to around $272. This decrease in price has been due to a decrease in the number of miners in the Bitcoin cash network thus resulting to a decrease in its demand. This result to a decrease in the number of buyers buying it thus causing it to continue going downwards all the way to $272 as indicated above. New miners joining the Bitcoin cash network then purchase some Bitcoin cash so that they use them to buy some computing power. Because of this , the price again slightly increased to point A at around $278. More number of miners continue to leave the Bitcoin cash network due to a decrease in its reward thus causing its demand to decrease again thus its price falls again to point B at below $272. In one year time, if more number of miners will continue leaving the Bitcoin cash network due to a decrease in its reward ,then there is possibility of the demand for Bitcoin cash to continue further declining which can further cause the movement to continue trending downwards all the way to around $200 though I am not bearish for Bitcoin cash. As an investor, this is the right time to sell Bitcoin cash if you think this can happen although I am not bearish for Bitcoin cash.

Summary

In late 2017, the Bitcoin network experienced a hard-fork which resulted to Bitcoin cash network. During that time, the users who were holding some amount of Bitcoin were airdropped the same amount of Bitcoin cash to their account. During that time, one Bitcoin cash was going for around $200 but the price managed to rise to around $3700 within 4 months. 3 years later, the price is trading at around $280. The increase in price was due to an increase in the number of miners while the decrease in price again was due to the miners dumping their earned and airdropped Bitcoin cash to several exchanges . Therefore, we can say that when the number of miners for Bitcoin cash are increasing, then the

demand for Bitcoin cash will also increase thus causing its price to also increase. On the other hand, when the number of miners are decreasing due to a decrease in it's mining reward, then the demand for Bitcoin cash will also decrease thus resulting to a decrease in its price.

To receive our post directly to your telegram, then you can join our telegram channel from below

t.me/TeacherForexSchool

 You can also join our telegram group to be able to comment on our channel post or support us over there .You can as well share your trading idea and market idea for both fiat and cryptocurrency and be able to be supported by other community member over there on the group with crypto. Here is the link to our telegram group

https://t.me/joinchat/DUNfZg9fTQttyxxGuNKAbg

You are always free to support our work from below;

skrill donation :mudigoomondi@gmail.com

Neteller donation :mudigoomondi@gmail.com

Bitcoin:3AFeiwUp6erj2iRBmdsnc7YhC7gcYVD6oj

Ethereum; 0x346570c491b76c7cd51699bdd272762111b743a9

Litecoin: LeEH7B82ccXJ6QoibCryGJNpDGNx2x77fL

Dogecoin: DLShs2vqhMc1ggqo8MPPMBTcPAZdqCZoWd

lightning network:tipping.me:https://tippin.me/@quintomudigo

  XRPtIPBOT: in all platform: username is: quintomudigo

RSI is an oscillator indicator while moving average is a trend following indicator. RSI enables traders to know of an overbought or oversold market condition while moving average enables traders to know the direction of the market through support and resistance. Today being on Monday the 9th of March 2020, the EUR/USD has been trending in an upwards direction and managed to go all the way to 1.1480. Many traders don't know whether the market will continue to move upwards or will reverse and starts moving in a downwards direction. Using RSI and moving  average, we have managed to prepare this analysis today using these two indicators as follows;

1. Using RSI(relative strength indicator)

RSI which is an oscillator indicator helps traders to know whether the market has gained support or resistance. The market gains support when the RSI falls below 30 and resist upward movement when the RSI rises above 70. Having been moving in an upwards direction, the RSI has managed to rise above 70 at around 1.1480. This signifies the EUR/USD trader of an overbought market condition thus a possibility of a downwards reversal movement. The trader should close their previously bought position and opens a sell position . This is indicated as from the candle sticks chart below;

The above is the EUR/USD market. Two points are being indicated. There is point A and point B. Point A is the RSI while point B is the overbought point position. As indicated at point B, the RSI has risen above 70 at. a price of 1.1480. This signals the trader of an oversold condition at that point. This signals the trader to close their previously bought position and opens a sell position since the market is starting a downwards movement. He or she can open a sell position at around 1.1480. 

2.Moving average

Moving average which is a trend following indicator helps traders to know whether the market has gained support or resistance thus enabling them

to know the direction if the market. When the price in the market rises above the previous highest high point of the moving average, that will be an indication of a resistance point while when it falls below the previous lowest low point of the moving average, that will be an indication of a support point. The price in the market has been moving in an upwards direction and managed to rise above the previous highest high point of the moving average at around 1.1480. This signals the EUR/USD trader of a resistance point over there thus signaling them to close their previously bought position and opens a sell position since the market will reverse and starts moving in a downwards direction. Their sell position can be opened at 1.1480. This is indicated as from the candlesticks chart below;

The above is the EUR/USD market. Two points are being indicated. There is point A and point B. Point A is the moving average while point B is the resistance point. At point B, the price in the market has managed to rise above the previous highest high point at around 1.1480. This signals the EUR /USD of a resistance point over there thus they should close their previously bought position and open a sell position since the market will reverse and starts moving in a downwards direction. The trader can open a sell position at around $1.1480. Here is our sell trading idea for EUR/USD pair today;

SELL: 1.1480     T/P: 1.1380.     S/L: 1.1530

Recommendation: Make sure to apply risk management while opening your position since this is not an investment advice but only a trading idea

EOS is a native coin of the EOS  network that can be transfered from one smart contract address to another . In order for the transaction to be initiated to the second smart contract address, the first one must pay a transaction fee. This makes it to be considered to be a decentralized asset. The delegators running the EOS network are the who will be validating the transactions taking place on the EOS netowk as well as secure the EOS network. This makes it to be considered to be using a delegated proof of stake consensus. On the EOS network, different developers are able to build their Dapps over there. EOS also has a high liquidity thus making it to be well tradeable just like other cryptocurrencies like Bitcoin and etherem. Because of this EOS traders are able to trade it both in an upwards and downwards direction and be able to make some profit from it. We can therefore be able to analyze the weekly price for EOS on traders behaviour as follows;

Traders behaviour

EOS has a high liquidity due to its listing in several exchanges. It also has a high utility function since there are several dapps built on its network. This makes it to have huge number of traders trading it in both upwards and in downwards direction. Therefore, we can say that if market for EOS is moving in an upwards direction, that will signify that there is more number of sellers selling a given amount of EOS than those buying it. Because of this, the EOS market gains an upwards pressure where it moves with few buyers so that it profits with them and make those many sellers selling it to make some losses. On the other hand, if the EOS market is moving in a downwards direction, that will signify that the number of buyers buying it is more in numbers as compared to those selling it. Because of this, the EOS market gains a downward market pressure where it moves downwards with few sellers so that it can profit with them and makes many buyers buying it to make some losses. Therefore, since the EOS market has been moving in an upwards direction the whole of this week,we can therefore further analyze its weekly price analysis as follows

1. Bullish EOS  price analysis based on traders behaviour

  In a bullish market, the EOS will be moving in an upwards direction. Since the beginning of this week(2nd March 2020), the EOS has been moving in an upwards direction and managed to go as high as $3.84 on Thursday. This increase in price has been due to more number of sellers selling a given amount of EOS and few buyers buying a given amount of EOS with their USDT balance. Because of this, the EOS market gains an upward market pressure where it moves upward with few number of buyers so that it profits with them and makes those many number of sellers to make some losses. On Tuesday, Wednesday and Thursday, the EOS market managed to rise to $3.66 , $3.52 dropped and $3.84 rise respectively from a lower price of $3.52 on Monday as indicated earlier. Therefore, if you are an EOS trader and you are still holding your previously bought EOS, I think you can now sell it at current market price of $3.80 or you can wait and sell it when the market goes beyond $3.90 since the EOS market will start moving in a downwards market after that high rise. Here is a weekly EOS price analysis based on traders behaviour;

The above is the EOS market in terms of USDT. Two points are being indicated. There is point A and point B. Since the beginning of Monday this week, the EOS market has been moving in an upwards market direction. The market managed to rise to $366 on Tuesday from $3.55 on Monday but later dropped to $3.52 on Wednesday. The market again rises to $3.84 on Thursday.As indicated from the chart above, the increase in price has been due to more number of sellers selling a given amount of EOS and few number of buyers buying a given amount of EOS with their USDT balance. This makes the EOS market to gain an upward market pressure where it moves with few EOS buyers as indicated from the chart above all the way to $3.84. The number of buyers again exceeds the number of sellers thus causing the market to resist moving upwards and reverse downwards where it slightly moves with few number of sellers to point A at $3.71 where it slightly profits with them and shortly makes those many buyers make some losses. At point A, the number of sellers again exceeds the number of buyers thus causing the EOS market to gain an upwards market pressure again where it moves upward with few buyers all the way to point B at over $3.84. If the number if sellers will continue to be more than the number of buyers, then there is possibility of this upwards movement to continue until Monday next week. The market can go as high as $3.90 after which it will reverse and start moving downwards. As an EOS trader, you can either sell your previously bought EOS at current market price of around $3.80 or can wait until the market rises to $3.90 and sell so that you make more profit.

Summary

     On Monday, March, the 2nd of 2020, the EOS price was trading at around $3.55. The market then started to rise all the way to $3.84. This increase in price has been due to more traders selling than those buying thus creating an upward market pressure where the market profit with buyers and makes many sellers make some loss. Therefore, we can say that when more buyers are buying than those selling EOS, the market will be moving downwards with those few sellers selling EOS so that it profits with them while when more sellers are selling than the number of buyers buying, then the market for EOS will be moving upwards with those few buyers so that it profits with them.      

To receive our post directly to your telegram, then you can join our telegram channel from below

t.me/TeacherForexSchool 

 You can also join our telegram group to be able to comment on our channel post or support us over there .You can as well share your trading idea and market idea for both fiat and cryptocurrency and be able to be supported by other community member over there on the group with crypto. Here is the link to our telegram group

https://t.me/joinchat/DUNfZg9fTQttyxxGuNKAbg

You are always free to support our work from below;

skrill donation :mudigoomondi@gmail.com

Neteller donation :mudigoomondi@gmail.com

Bitcoin:3AFeiwUp6erj2iRBmdsnc7YhC7gcYVD6oj

Ethereum; 0x346570c491b76c7cd51699bdd272762111b743a9

Litecoin: LeEH7B82ccXJ6QoibCryGJNpDGNx2x77fL

Dogecoin: DLShs2vqhMc1ggqo8MPPMBTcPAZdqCZoWd

lightning network:tipping.me:https://tippin.me/@quintomudigo

  XRPtIPBOT: in all platform: username is: quintomudigo

Bitcoin cash/BCH is a native coin of the Bitcoin cash network network which came to be as a result of bitcoin hard-fork in late 2017 and whose transaction takes place from one smart contract address to another thus is being considered to be a decentralized asset.The first smart contract  address must pay a transaction fee in order for the transaction to be initiated to the second Bitcoin cash smart contract address by the miners running the network. The transaction fee is being shared to the miner who first initiate the transaction.The miners secure the Bitcoin cash network as well as validate transaction taking place on the network. This makes Bitcoin cash to be considered to be using the proof of work consensus. Developers can also be able to develop their dapps on the bitcoin cash network.Just like in Bitcoin and ethereum, bitcoin cash is considered to be well tradeable since it has a high liquidity. Because of this, it has a huge community of traders who are able to trade in both in an upward and downwards direction and be able to profit from it. Therefore, we can easily be able to analyze the weekly price analysis of Bitcoin cash based on traders behaviour as below;

Traders behaviour

Since Bitcoin cash has a huge community of traders trading it ,it can therefore be easily traded in both downwards and in an upwards direction . We can therefore say that when the Bitcoin cash market is moving in an upwards direction, that will be an indication that the number of Bitcoin cash traders selling a given amount of Bitcoin cash is more than the number of those buying a given amount of Bitcoin cash with their USDT balance. Because of this, the Bitcoin cash gains an upwards market direction so that it can profit with those few buyers and makes many sellers selling it to make some losses. On the other hand, if the market for Bitcoin cash is moving in a downwards direction, that will be an indication that the number of Bitcoin cash buyers is more than the number of Bitcoin cash sellers thus the market will move downwards with those few sellers selling it so than it can profit with them and makes those many buyers to make some losses. Therefore, since Bitcoin cash has been trading upwards since the beginning of this week, we can therefore analyze its weekly price analysis as below;

  1. Bullish Bitcoin cash price analysis based on traders behaviour

  In a bullish market, the Bitcoin cash will be moving in an upwards direction. Since the beginning of this week(2nd March 2020), the Bitcoin cash has been trending upwards. This upward movement has been due to more number of sellers selling their previously purchased Bitcoin cash than the few number of buyers buying a given amount of Bitcoin cash with their USDT balance. Because of this, the Bitcoin cash market in terms of USDT gains an upwards market pressure where it starts moving with few buyers so that it profits with them and make those many number of sellers make some losses in the Bitcoin cash market. The market rises as high as above $335 on Tuesday and went down to $330 on Wednesday having started trading at around $303 on Monday the same week. This analysis of Bitcoin cash is being indicated as from below;

The above is the Bitcoin cash market in terms of USDT. Two points are being indicated. There is point A and point B. Since the beginning of Monday this week, the market started trading at around $303 after which it rises all the way to above $335 on Tuesday and later dropped to $330 on Wednesday. As indicated above, the Bitcoin cash market can be seen to have been rising all the way to around $335 as stated above. This increase in price has been due to more number of sellers selling a given amount of Bitcoin cash as compared to few number of buyers buying a given amount of Bitcoin cash with their USDT balance. Because of this, the Bitcoin cash market gains an upward market pressure and moves upward with few number of buyers in order to profit with them and makes many number of sellers selling make some losses. The market then resist to continue moving upwards since the number of buyers again exceeds the number of sellers thus the Bitcoin cash slightly reverse and moves downward to point A at around $330 where it profits with few sellers and make some losses to many buyers. At point A, the number of sellers again exceeds the number of buyers thus causing the market to gain an upwards market pressure again and moves upward with few buyers at point B at around over $335. If the number of sellers will continue exceeding the number of buyers, then there is possibility of the Bitcoin cash to continue moving upwards  until Monday next week. As a Bitcoin cash trader, if you previously purchased a given amount of Bitcoin cash and you are still holding, then you can either sell at current market price of around $335 or you can continue holding until the market reaches around $350 so you sell and walk away with more profit. As we always say, make sure to apply risk management whenever you purchase your Bitcoin because cryptocurrrency market is highly volatile

Summary

     On Monday, March, the 2nd of 2020, the bitcoin cash price was trading at around $303. The market then started to rise all the way to $335. This increase in price has been due to more traders selling than those buying thus creating an upward market pressure where the market profit with buyers and makes many sellers make some loss. Therefore, we can say that when more buyers are buying than those selling bitcoin cash, the market will be moving downwards with those few sellers selling bitcoin cash so that it profits with them while when more sellers are selling than the number of buyers buying, then the market for bitcoin will be moving upwards with those few buyers so that it profits with them.      

To receive our post directly to your telegram, then you can join our telegram channel from below

t.me/TeacherForexSchool 

 You can also join our telegram group to be able to comment on our channel post or support us over there .You can as well share your trading idea and market idea for both fiat and cryptocurrency and be able to be supported by other community member over there on the group with crypto. Here is the link to our telegram group

https://t.me/joinchat/DUNfZg9fTQttyxxGuNKAbg

You are always free to support our work from below;

skrill donation :mudigoomondi@gmail.com

Neteller donation :mudigoomondi@gmail.com

Bitcoin:3AFeiwUp6erj2iRBmdsnc7YhC7gcYVD6oj

Ethereum; 0x346570c491b76c7cd51699bdd272762111b743a9

Litecoin: LeEH7B82ccXJ6QoibCryGJNpDGNx2x77fL

Dogecoin: DLShs2vqhMc1ggqo8MPPMBTcPAZdqCZoWd

lightning network:tipping.me:https://tippin.me/@quintomudigo

  XRPtIPBOT: in all platform: username is: quintomudigo

Litecoin/LTC is a native coin of the Litecoin network created by Charlie Lee and whose transaction takes place from one peer to another. This makes it to be considered as a decentralized asset. The first litecoin peer address must pay a transaction fee in order for the transaction to be initiated to the second litecoin peer address by the miners running the network. The transaction fee is being shared to the litecoin who first initiate the transaction.The miners secure the litecoin network as well as validate transaction taking place on the network. This makes litecoin to be considered to be using the proof of work consensus. Just like in Bitcoin, litecoin is considered to be well tradeable since it has a high liquidity. Because of this, it has a huge community of traders who are able to trade in both in an upward and downwards direction and be able to profit from it. We can there analyze the weekly price prediction for litecoin based on traders behaviour as follows;

Traders behaviour

Since litecoin has a huge community of traders just like in Bitcoin and ethereum,it can therefore be easily traded both in upwards and downwards direction. Therefore we can say that as more number of litecoin traders are buying a given amount of litecoin as compared to few traders selling it, then the market will be moving downwards with few traders selling it so that it profits with those few sellers and make many buyers to make some loses. On the other hand, if there are more number of sellers selling their given amount of litecoin as compared to few buyers buying it, then the litecoin market will move upwards with few number of buyers so that it can profit with those few buyers and those many sellers make some loss in the market. Since the litecoin has been moving in an upwards direction since the beginning of this week, the weekly analysis can further be explained as below;

  1. Bullish litecoin price analysis based on traders behaviour

  In a bullish market, the litecoin will be moving in an upwards direction. Since the beginning of this week(2nd March 2020), the litecoin market has been moving in an upwards direction. This may further continue until the beginning of next week. This upwards direction has been as a result of the number of sellers being more than the number of buyers trading the litecoin. Because of this, upward market pressure is being experienced thus causing the market to continue moving upwards in order to profit with few buyers and makes many sellers make some loss. As a litecoin trader, you can either sell your litecoin at current price of around $60.50 or you can wait for the price to rise to above a$65 and make your sell so that you don't lose the profit which your trading account will have managed to generate since, after the rise, the litecoin will start a downward movement all the way to below $60.00. Here is the weekly price analysis for litecoin;

The above is the litecoin market in terms of USDT. Two points are being indicated. There is point A and point B. Before point A, the litecoin can be seen to have been moving in an upwards direction all the way to $62.00. This upward movement has been due to more number of sellers selling a given amount of litecoin and few number of buyers buying a given amount of litecoin with their USDT balance. Because of this, the litecoin market gains an upward pressure thus causing the market to move with few buyers upward where it profits with them and make those many sellers make some loss. The number of buyers then exceeds the number of sellers thus causing the litecoin market to resist to continue moving upwards. Because of this, the market slightly experience a downwards pressure and moves downwards to point A at $59.50. The number of sellers again exceeds the number of buyers at point A thus causing the market to gain an upwards pressure again and moves upward to point B at above $62.00. If the number of sellers will continue to exceed the number of sellers, then there is possibility of the market to continue moving upwards the whole of this week all the way to around $65. As litecoin trader, if you had previously purchased a given amount of litecoin and you are currently holding, then this is the right time to sell so that your account grows in terms of USDT. You can either sell at a current price of $60.50 or you can wait for the market to go as high as $65 and make your sell since after that, the market will start moving downwards in one week from now.

Summary    

On Monday, March, the 2nd of 2020, the litecoin price was trading at around $56. The market then started to rise all the way to $62.00. This increase in price has been due to more traders selling than those buying thus creating an upward market pressure where the market profit with buyers and makes many sellers make some loss. Therefore, we can say that when more buyers are buying than those selling litecoin, the market will be moving downwards with those few sellers selling litecoin so that it profits with them while when more sellers are selling than the number of buyers buying, then the market for litecoin will be moving upwards with those few buyers so that it profits with them.

To receive our post directly to your telegram, then you can join our telegram channel from below

t.me/TeacherForexSchool

 You can also join our telegram group to be able to comment on our channel post or support us over there .You can as well share your trading idea and market idea for both fiat and cryptocurrency and be able to be supported by other community member over there on the group with crypto. Here is the link to our telegram group

https://t.me/joinchat/DUNfZg9fTQttyxxGuNKAbg

You are always free to support our work from below;

skrill donation :mudigoomondi@gmail.com

Neteller donation :mudigoomondi@gmail.com

Bitcoin:3AFeiwUp6erj2iRBmdsnc7YhC7gcYVD6oj

Ethereum; 0x346570c491b76c7cd51699bdd272762111b743a9

Litecoin: LeEH7B82ccXJ6QoibCryGJNpDGNx2x77fL

Dogecoin: DLShs2vqhMc1ggqo8MPPMBTcPAZdqCZoWd

lightning network:tipping.me:https://tippin.me/@quintomudigo

XRPtIPBOT: in all platform: username is: quintomudigo

Ethereum/ether is a native coin of the ethereum network which can be transferred from one smart contract address to another where the transaction will reach the second smart contract address upon being verified by the miners running the network provided that the first smart contract address pays the miners fees. Several miners can lease their computing power to few mining pool so that in return they receive reward in form of mining fees charged for validating transaction as well as new ether coin mined thus considered to be using a proof of work consensus. Towards the beginning of 2020, the ethereum network transformed from  from a proof of work to a proof of stake consensus thus allowing stakers to be able to stake their ether to few staking pool such as  https://ethstaking.io/ and  https://www.rocketpool.net/ thus in return you earn reward of up to 6% per anum or above in form of new coin minted and transaction fees charged for validating transactions on the ethereum network. Developers can also be able to create different dapps on the ethereum network where they will be paying fees for hosting their dapps over there. The same developers can also create the tokens of their dapps using their smart contract address on ethereum network in such a way that it becomes the utility coin of the community members of their dapps such that whenever their community member is using those dapps,then they will be rewarded with those tokens which they can transfer to several dex exchanges and convert them back to ethereum.In order for them to transfer those tokens from one smart contract address to another,the users of those dapps should pay a gas fees in terms of ether so that the validators running the ethereum network can initiate the transaction on the ethereum network.In late 2015, one ether was going for around $0.4. Towards the beginning of 2016, the price managed to go as high as above $1 after which it managed to go above $10 again as 2017 was starting. As 2017 was winding up,the price had managed to go as high as above $700. As 2018 was starting,the price managed to go as high as $1300 thus profiting those early miners who were still holding their ether by that time. In 2018,the price went as low as $80. Currently, one ether is trading at around $230.  The increase in price was due to an increase in the number of miners leasing their computing power to validate transaction and mint new ether coin to the ethereum network since by that time, the ethereum network had not implemented dapps building on their network. The decrease in price again was due to several miners dumping their earned ether to several exchanges so that they can profit from the sudden increase in its price. Therefore, since ethereum network was able to transform from proof of work to proof of stake consensus as well as to implement building of dapps on its network, we can therefore explain its future price prediction based on dapps built on its networks as follows;

Dapps built on ethereum network

When ethereum was launched ,it was using proof of work consensus where miners could lease their computing power to several mining pool to use it to validate any transaction taking place on the ethereum network thus in return they receive reward in form of miners fees charged and new coin minted . In 2019, a new proposal was made by Vitalik to transform the network to a proof of stake consensus since it is cheaper as compared to proof of work consensus. Currently, ethereurm network uses proof of stake consensus which was implemented towards the beginning of 2020.Before proof of stake consensus was implemented, ethereum network had already initially implemented the building of dapps on its networks some years back.  Although ethereum is an already established network, we will still explain its price analysis based on dapps built on its network. Therefore,we can say that as more developers are joining the ethereum network to build their dapps over there,the utility function of ether coin will increase due to increase in demand by the community members of those dapps built over there. This will result to an increase in its price. On the other hand, if the developers already building on the ethereum network start shifting to other network due to scalability issues such as high transaction fees charged, then the demand for ether coin will decline thus causing its utility function to also decline. Here are some of the dapps built on ethereum network which are key determinants to its future price;

a. Compound.finance

This is an interest bearing dapps built on the ethereum network via the metamask which is smart contract ethereum wallet. At compound.finance, users are able to earn interest of over 10% the whole year upon locking their supported ether token over there such as Dai and ethereum for a given period of time. Therefore,we can say that as more users continue to unlock their ether on the compound.finance dapp, then the ether coin will start becoming inefficiency on its network thus causing its demand to also increase . This increase in demand will in turn result to an increase in the ether coin. On the other hand, if the users who had been locking their ether coin on the compound.finance start to unlock them due to a decline on interest earned, then the amount of ether will will start becoming in surplus on its network thus causing its demand to also decline. Because of this,its price will also start to decline

B. Uptrennd

Uptrennd is a publishing social media dapp built on ethereum network that rewards all kind of creators as well as users with 1UP token for sharing their work as well as for getting engaged on the platform. Currently,uptrennd has over 60,000 registered users. Therefore, we can say that as more users continue to join the uptrennd platform, then the utility function of ether coin will also continue to increase since uptrennd users will be purchasing ether coin so that they can use it to purchase 1up coin in several dex exchange after which they will deposit those 1up coin to their uptrennd account so that they can use them to upgrade their level in order to increase their earning on the platform or to use them to advertise their business on uptrennd platform. On the other hand, if the reward for creators and users on uptrennd platform decline ,then uptrennd users will look for another platform which will result to a decline in the utility function of ether coin due to a decrease in its demand. This will result to a decrease on ether price.

C. IDEX

Idex is a decentralized exchange built on ethereum network that allows users to be able to buy different tokens created on the ethereum network with their ether balance. Users of different dapps created on the ethereum network can also be able to sell the tokens of those dapps on the idex exchange and receive their ether over there. In order to login into your idex account, you need to use  your ethereum private key. There are hundred of thousands using idex to exchange their token back to ether. Therefore,we can say that an increase in the number of users on the idex platform will result to an increase in the demand of ether thus causing its price to also increase. On the other hand, if many dapps shift to other  networks due to ethereum scalability issues, the idex users will also decline thus declining the demand for ether coin. This will further results to a decline in price of the ether coin.

Furthermore, we can explain the 2021 price prediction for ether coin using the bullish and bearish market condition as follows;

1. Bullish ethereum based on dapps built on its network

In a bullish market condition, the ethereum market will be moving in an upwards direction. In early 2015, one ethereum was going for around $0.4.  Three years later, the price had managed to go as high as $1300 after which it dropped again to around $250 where it has managed to be trading at around that price. Currently, one ethereum is trading at around $230. The increase in price was due to an increase in the number of miners to share their computing power to be used to secure the ethereum network as well as to validate transaction taking place on the ethereum network since by that time ,ethereum network had not yet implemented the creation of dapps on its network. The decrease in price again was due to the dumping of ethereum by several miners so that they can profit from its high price. Currently, there are many dapps built on ethereum network . This will enable us to analyze its 2021 price prediction . We can therefore say that as more dapps are being built on the ethereum network, the utility function of ether will also increase due to an increase in its demand since those dapps will also want to use ether coin to pay for transaction cost of their dapps as well as for transferring their created and issued tokens from one smart contract address to another. In one year time from now, there is possibility of ether coin to go above $300 if more dapps will continue to be created on the ethereum network. Here is the bullish market for ethereum;

The above is the ethereum market in terms of USDT. Two points are being indicated. There is point A and point B.  Before point A, the ethereum market can be seen to have been trending upwards all the way to above $228. This increase in price has been due to the increase in the number of dapps being created on the ethereum network. The users of those dapps after converting their earned  tokens of those dapps to ethereum, they then decide to dump ethereum in several exchanges so that they can receive their fiat money. This created a surplus of ethereum thus causing its price to slightly drop downwards to point A at around $222. More developers then join the ethereum network to develop their dapps over there where they purchase the ethereum in several exchanges so that it can help them to create and issue the token of their dapp as well as to pay for transaction cost. This created a demand for ethereum again thus causing its price to further rise to point B at above $228. In one year time, mostly 2021, if more developers will continue to join ethereum network to develop their dapps over there due to an increase in the monetization of dapps, then the price will continue rising since the utility function of ethereum will continue to increase. Therefore, there is possibility of ethereum to go as high as $300 by end of 2020. For investors, this is the right time to purchase a given amount of ethereum and wait to profit when the price has gone as high as $300. 

2. Bearish ethereum based on dapps built on its network

In a bearish market condition, the ethereum market will be moving in a downwards direction. In early 2015, one ethereum was going for around $0.4.  Three years later, the price had managed to go as high as $1300 after which it dropped again to around $250 where it has managed to be trading at around that price. Currently, one ethereum is trading at around $230. The increase in price was due to an increase in the number of miners to share their computing power to be used to secure the ethereum network as well as to validate transaction taking place on the ethereum network since by that time ,ethereum network had not yet implemented the creation of dapps on its network. The decrease in price again was due to the dumping of ethereum by several miners so that they can profit from its high price. Currently, there are many dapps built on ethereum network . This will enable us to analyze its 2021 price prediction . We can therefore say that as ethereum network continues to have more scalability issue by increasing its transaction cost on the network, then more dapps will start shifting to other network without scalability issue so that their revenue do not decline. This will decline the demand of ethereum thus causing its utility function to also decline thus causing its price to decline. If the scalability issue will continue to increase due to an increase in network fee, then there is possibility of the price to go as low as $200 by the end of 2020 since more dapps will continue to move to other network without scalability issue problem together with their community members. Although i am not bearish for ethereum, if you think this can happen and you are currently holding your ethereum at above $230, then you can sell. Here is a bearish market for ethereum;

The above is the ethereum market in terms of USDT. Two points are being indicated. There is point A and point B.  Before point A, the ethereum market can be seen to have been trending downwards all the way to below $222. This decrease in price has been due to the increase in the transaction cost for the network thus causing the scalability issue to also increase. This results to the already created dapps on the ethereum network to also start shifting to other network with lower fees where there is no scalability issue . Because of this, the demand for ethereum also decline thus causing its utility function to also decline which further causes the price to decline all the way to $222 as indicated above. The existing dapps then purchase the ethereum in few exchanges available so that they can use them to pay for transaction cost of their dapps on the network. This causes the price to slightly rise to point A at $228. The ethereum network further increases its transaction cost thus further causing the scalability issue to also increase.This result to a decline in the revenue of several dapps which have not yet exit the ethereum network for other network . Because of this, more dapps continue to exit the ethereum network for other network with low transaction cost together with their community members thus declining the demand for ethereum. This decline in demand also causes the utility function to decline thus causing the price to further decline to point B at below $222. In one year time from now, if this will continue, then there is possibility of one ether to go as low as $200 although i am not bearish for ethereum. If you think this may happen, then you can sell your ethereum at above $230 so that you don't make some losses when 2020 will be winding up.

Summary

Ether is a native coin of the ethereum network which transformed from proof of work consensus to proof of stake consensus and which can be transferred from one smart contract address to another thus making its network to be decentralized. The first smart contract address must pay a gas fee in order for it to be initiated to the second smart contract address by the validators running the network. In early 2015, one ether was going for around $0.4. Three years later, the price managed to go as high as $1300 but later dropped. Currently, one ether is trading at around $230. Since ethereum network can enable developers to build their own dapps over there, we can therefore say that an increase in the number of developers to build on the ethereum network will result to an increase in its demand thus increasing its utility function which in return increases its price. On the other hand, we can say that an increase in transaction cost will cause many developers to shift from ethereum network to other low cost network which will decrease the demand of ethereum thus causing its utility function to also decline which will further result to a decrease in the price of ethereum.

To receive our post directly to your telegram, then you can join our telegram channel from below

t.me/TeacherForexSchool

 You can also join our telegram group to be able to comment on our channel post or support us over there .You can as well share your trading idea and market idea for both fiat and cryptocurrency and be able to be supported by other community member over there on the group with crypto. Here is the link to our telegram group

https://t.me/joinchat/DUNfZg9fTQttyxxGuNKAbg

You are always free to support our work from below;

skrill donation :mudigoomondi@gmail.com

Neteller donation :mudigoomondi@gmail.com

Bitcoin:3AFeiwUp6erj2iRBmdsnc7YhC7gcYVD6oj

Ethereum; 0x346570c491b76c7cd51699bdd272762111b743a9

Litecoin: LeEH7B82ccXJ6QoibCryGJNpDGNx2x77fL

Dogecoin: DLShs2vqhMc1ggqo8MPPMBTcPAZdqCZoWd

lightning network:tipping.me:https://tippin.me/@quintomudigo

XRPtIPBOT: in all platform: username is: quintomudigo

Tron/TRX is a native coin of the Tronix network created by Justin Sun and whose transaction takes place from one smart contract address to another. This makes it to be considered as a decentralized asset. The first smart contract address must pay a transaction fee in order for the transaction to be initiated to the second smart contract address by the validators running the network. The transaction fee is being shared to the validators who first initiate the transaction.The validators secure the network as well as validate transaction taking place on the network. This makes tronix to be considered to be using the proof of stake consensus. Tronix is also considered to be well tradeable thus many tronix traders are able to easily profit by either trading tronix in an upward or downwards direction. We can further explain the effect of tronix traders on the market as follows;

Traders behaviour

Since tronix is well tradeable,we can therefore be able to analyze its weekly price analysis based on the way traders are buying it or selling it. We can therefore say that as more traders are purchasing a given amount of Tronix compared to few traders selling it, then the tronix market will prefer to move with few traders selling. This will make it to move in a downwards direction so that it can profit with those few traders selling and make those many traders buying to make some loss in the market. On the other hand,if more traders are selling a given amount of tronix which they had previously purchased compared to few traders buying a given amount of tronix,then the tronix market will prefer to move with few traders buying so that it can profit with them and make those selling to make some loss. The whole of this week, the tronix market has been trending in a downwards direction but this can reverse in one week to to an upward direction. This can further be explained as follows;

1. Bearish tronix market based on traders behaviour 

In a bearish market, the price of Tron will be moving in a downwards direction. As this week was starting(24th, February 2020), the tronix market has been moving in a downwards market direction. This may continue until the beginning of next week. This downwards movement for tronix market has been as a result of the number of traders buying it being more than the number of sellers selling it. Because of this, the tronix market experience a downwards pressure where it moves in the direction where the traders are few in order to profit from many tronix traders trading in opposite direction. If this continues, then there is possibility of the tronix market to move as low as $0.01560 in one week from now after which the market will now fully start moving upwards. As a tronix trader, this is the right time to purchase a given amount of tron with your USDT balance. You can either purchase at current market price of around $0.01660 or can wait until the market falls below $0.01600 since after that the market will gain an upward movement and will move above $0.01700.  The tronix market is being indicated as from below;

The above is the tronix market in terms of USDT. Two points are being indicated. There is point A and point B. Before point A, the tronix market can be seen to have been moving in a downwards market direction all the way to $$0.01620. This has been happening since the beginning of Monday this week the 24th of February. This has been due to more number of tronix traders purchasing it as compared to few tronix traders selling a given amount of their previously purchased tron. Because of this, the price of tronix continues to move downwards thus making the tronix market to profit from those many traders buying it. The number of traders selling a given amount of tronix then exceeds the number of traders buying a given amount of tronix. Because of this, the tronix market gains an upward pressure and move with those few traders buying it in an upwards direction all the way to point A at $0.01660. This makes the tronix market to profit with few traders buying it and make those selling it to make some loss. At point A ,the number of buyers exceeded the number of sellers again thus causing the tronix market to gain a downwards pressure again where it starts moving with few traders selling their tronix coin all the way to point B at below $0.01620. This makes the tronix market to profit with those few sellers and cause many buyers to make some loss. If this continues, then there is possibility of the tronix market to go below $0.01600. As a tronix trader, this is the right time for you to purchase a given amount of tronix since in one week time, the market will fully starts an upward trend and move above $0.01700. You can either buy a given amount of tronix at current market price of around $0.01660 or can wait for it to move below $0.01600. Make sure to place your buy order with a risk management if you want to profit from this market.

Summary

On Monday, 24th of 2020, the tronix price was trading at around $0.02150. The market then started to drop downwards all the way to around $0.01620 on Wednesday Thursday and Friday respectively the same week. This decrease in price has been as a result of the number of buyers exceeding the number of sellers thus causing the tronix market to continue moving downwards with few sellers so that the market can profit from many buyers. Therefore,we can say that the buyers and sellers are determinant factors in the direction of the market thus the market normally moves in the direction where the traders are few so that it profit from those many traders moving in opposite direction.

To receive our post directly to your telegram, then you can join our telegram channel from below

t.me/TeacherForexSchool

 You can also join our telegram group to be able to comment on our channel post or support us over there .You can as well share your trading idea and market idea for both fiat and cryptocurrency and be able to be supported by other community member over there on the group with crypto. Here is the link to our telegram group

https://t.me/joinchat/DUNfZg9fTQttyxxGuNKAbg

You are always free to support our work from below;

skrill donation :mudigoomondi@gmail.com

Neteller donation :mudigoomondi@gmail.com

Bitcoin:3AFeiwUp6erj2iRBmdsnc7YhC7gcYVD6oj

Ethereum; 0x346570c491b76c7cd51699bdd272762111b743a9

Litecoin: LeEH7B82ccXJ6QoibCryGJNpDGNx2x77fL

Dogecoin: DLShs2vqhMc1ggqo8MPPMBTcPAZdqCZoWd

lightning network:tipping.me:https://tippin.me/@quintomudigo

XRPtIPBOT: in all platform: username is: quintomudigo

Ethereum/ether is a native coin of the ethereum network whose transaction can take place from one peer to another thus making it to be a decentralized asset. It was able to be transformed from proof of work to proof of stake consensus. The first smart contract address must pay a gas fee in order for the transaction to be initiated to the second smart contract address. The transaction fee will be shared by the staking pool running the network which will then be distributed to the stakers based on their staking amount. Just like in bitcoin, ethereum is also considered to be an established cryptocurrency thus cryptocurrency traders can easily trade it both downwards in an upwards direction and still be able to profit easily from the market. We can therefore further explain how the traders behaviour affects the ethereum market as below;

Traders behaviour

Since ethereum is well tradeable as compared to other cryptocurrencies, we can therefore be able to analyze its weekly price analysis according to the way traders enter the market. Therefore we can say that as more traders are buying a given amount of ethereum, the market for ethereum will move with few traders who will be selling. This will make it to move in a downward direction so that the market can profit with few traders selling a given amount of ethereum. On the other hand, if more sellers are selling their given amount of ethereum, the market for ethereum will move with few traders buying a given amount of ethereum. This will make it to move in an upward market direction so that the market can profit with few traders buying a given amount of ethereum. In one week time,there is possibility of ethereum to start a bullish movement. This can further be explained as follows;

1. Bearish ethereum market based on traders behaviour 

In a bearish market, the price of ethereum will be moving in a downwards direction. As this week was starting(24th, February 2020), the ethereum market has been moving in a downwards market direction. This may continue until the beginning of next week. This may be as a result of more traders buying a given amount of ethereum with their USDT balance compared to few sellers selling their previously bought ethereum. This makes the ethereum market to continue moving downwards with few sellers so that the market can profit from many buyers purchasing a given amount of ethereum with their USDT balance. If this continues, then there is possibility of the ethereum to go as low as $220 in one week from now after which it will start moving upwards. As an ethereum trader, if you had initially sold your previously bought ethereum, then this is the right time for you to purchase a given amount of ethereum coin. You can either purchase at above $220 or you can wait and purchase it when it has gone to around $210 since the upward trend will start starting next week and the price can again go above $220. Here is a market chart for ethereum.

The above is the ethereum market in terms of USDT. Two points are being indicated. There is point A and point B. Before point A, the ethereum market can be seen to have been moving in a downwards market direction all the way to $220. This has been happening since the beginning of Monday this week the 24th of February. This downwards trend has been due to more number of ethereum traders buying it as compared to few traders selling it. Because of this, the price continues to move downwards thus profiting from those many traders buying it. The number of traders selling ethereum then exceeds the number of traders selling it thus causing it to reverse and start moving upwards with few traders buying it all the way to point A at $230. . This makes the ethereum market to profit from those many traders selling it. At point A, the number of buyers again exceeds the number of sellers thus causing the market to reverse again and start moving donwards all the way to below $220. If more number of buyers than sellers will continue to purchase a given amount of ethereum coin, then the market will further continues to move downwards. In one week time from now most probably next week, the price can go as low as $210. As an ethereum trader, this is the right time for you to purchase a given amount of ethereum. You can either purchase at current market price of $220 or you can wait and purchase it when the price will have gone below 220 at around $210 since the market will start an upward trend and can go above $220. Make sure to place your buy order with a risk management if you want to profit from this market.

Summary

On Monday, 24th of 2020, the ethereum price was trading at around $272. The market then started to drop downwards all the way to around $220 on Wednesday and Thursday respectively the same week. This decrease in price has been as a result of the number of buyers exceeding the number of sellers thus causing the ethereum market to continue moving downwards with few sellers so that the market can profit from many buyers. Therefore,we can say that the buyers and sellers are determinant factors in the direction of the market thus the market normally moves in the direction where the traders are few so that it profit from those many traders moving in opposite direction.

To receive our post directly to your telegram, then you can join our telegram channel from below

t.me/TeacherForexSchool

 You can also join our telegram group to be able to comment on our channel post or support us over there .You can as well share your trading idea and market idea for both fiat and cryptocurrency and be able to be supported by other community member over there on the group with crypto. Here is the link to our telegram group

https://t.me/joinchat/DUNfZg9fTQttyxxGuNKAbg

You are always free to support our work from below;

skrill donation :mudigoomondi@gmail.com

Neteller donation :mudigoomondi@gmail.com

Bitcoin:3AFeiwUp6erj2iRBmdsnc7YhC7gcYVD6oj

Ethereum; 0x346570c491b76c7cd51699bdd272762111b743a9

Litecoin: LeEH7B82ccXJ6QoibCryGJNpDGNx2x77fL

Dogecoin: DLShs2vqhMc1ggqo8MPPMBTcPAZdqCZoWd

lightning network:tipping.me:https://tippin.me/@quintomudigo

XRPtIPBOT: in all platform: username is: quintomudigo

Bitcoin/btc is a native coin of the bitcoin network created by satoshi Nakamoto and whose transaction can take place from one peer to another thus making it to be a decentralized asset. In order for it to be transferred from one peer to another, the first peer address must pay a transaction fees so that the miners can be able to validate the transaction .Upon the transaction being validated, it will enter the bitcoin blockchain thus the miners will be rewarded with the fees charged as well as with the new bitcoin coin being added to the network for also sharing their computing power.This makes it to be a using a proof of work consensus. As a proof of work coin, the mining reward normally keep on halving after every four years. Unlike other cryptocurrencies, bitcoin is considered to be an already established cryptocurrency in terms of liquidity thus it is well tradeable. This makes most traders to be able to able to trade it in a downwards and upward direction and be able to profit. Therefore, we can be able to analyze its price for one week based on traders behaviour as follows;

Traders behaviour

Since bitcoin is well tradeable as compared to other cryptocurrencies, we can therefore be able to analyze its weekly price analysis according to the way traders enter the market. Therefore we can say that as more traders are buying a given amount of bitcoin, the market for bitcoin will move with few traders who will be selling. This will make it to move in a downward direction so that the market can profit with few traders selling a given amount of bitcoin. On the other hand, if more sellers are selling their given amount of bitcoin, the market for bitcoin will move with fewa traders buying a given amount of bitcoin. This will make it to move in an upward market direction so that the market can profit with few traders buying a given amount of bitcoin. In one week time,there is possibility of bitcoin to start a bullish movement. This can further be explained as follows;

1. Bearish bitcoin market based on traders behaviour 

In a bearish condition market, the bitcoin market in terms of USDT will be moving in a downwards direction. Since the beginning of this week, that is, 24th February 2020, the market for bitcoin has been moving in a downwards direction. There is possibility for this to continue until the end of this week. The reason as to why this may continue is because many bitcoin traders are buying a given amount of bitcoin with their USDT balance as compared to those few who are selling. This makes the bitcoin market to further continue moving downwards in order for the market to profit with few sellers. There is possibility of the market to go below $9000 after which the market will start recovering and start moving upwards in one week time. If you had initially sold your previously purchased bitcoin, then this is the right time to purchase it . You can either wait until it goes below $9000 or you can decide to purchase a given amount of bitcoin at current price of around $9080 since in one week time, the market will start moving upwards and can go beyond that price. Here is a candlestick market chart for bitcoin;

The above is the bitcoin market against USDT.  Two points are being indicated. There is point A and point B. The bitcoin market in terms of USDT has been moving in a downwards direction as you can see from the chart above. The market managed to go all the way to $9100. This decrease in price has been due to more traders placing their buying orders compared to few traders placing their sell orders. Because of this, the bitcoin market continue to keep on moving downwards with few sellers so that it can also profit with many traders placing their buying orders all the way to around $9100. The number of sellers exceeded the number of buyers thus causing the market to gain an upward movement support with few buyers all the way to point A at around $9200. The number of buyers at point A again exceed the number of sellers thus causing the bitcoin market to gain again a downwards movement support with few sellers so that it can also profit from those many traders who are placing their buying orders. If more buyers will continue placing their buying orders, there is possibility of the market to continue moving downwards below point B all the way to below $9000. In one week from now, the market can gain an upwards support and start moving in an upward direction for the whole of next week to above $9200.  As a bitcoin trader, you can either purchase a given amount of bitcoin with your USDT balance at above $9000 or can wait to purchase when it has gone below $9000. Always make sure to apply risk management well while placing your buy order if you want to profit well.

Summary

On Monday, 24th of 2020, the bitcoin price was trading at around $9800. The market then started to drop downwards all the way to around $9100 on Wednesday the same week. This decrease in price has been due to the buyers  exceeding the sellers . Because of this, the bitcoin market moves with the few sellers  in order to profit from the more buyers. In one week time, there is possibility of the sellers  to exceed the buyers  which can cause the bitcoin market to reverse and start an upward movement the whole of next week in order to profit from more sellers. Therefore, we can say that the movement of bitcoin market is determined by number of sellers and buyers in the market. If the buyers  are more than the sellers , then the movement will be downwards while if the sellers  are more than the buyers then the movement will be upwards.

To receive our post directly to your telegram, then you can join our telegram channel from below

t.me/TeacherForexSchool

 You can also join our telegram group to be able to comment on our channel post or support us over there .You can as well share your trading idea and market idea for both fiat and cryptocurrency and be able to be supported by other community member over there on the group with crypto. Here is the link to our telegram group

https://t.me/joinchat/DUNfZg9fTQttyxxGuNKAbg

You are always free to support our work from below;

skrill donation :mudigoomondi@gmail.com

Neteller donation :mudigoomondi@gmail.com

Bitcoin:3AFeiwUp6erj2iRBmdsnc7YhC7gcYVD6oj

Ethereum; 0x346570c491b76c7cd51699bdd272762111b743a9

Litecoin: LeEH7B82ccXJ6QoibCryGJNpDGNx2x77fL

Dogecoin: DLShs2vqhMc1ggqo8MPPMBTcPAZdqCZoWd

lightning network:tipping.me:https://tippin.me/@quintomudigo

  XRPtIPBOT: in all platform: username is: quintomudigo

Ethereum/ether is a native coin of the ethereum network. As a native coin of the Ethereum network,ether can be transferred from one smart contract address to another where the transaction will reach the second smart contract address upon being verified by the miners running the network provided that the first smart contract address pays the miners fees. Several miners can delegate their computing power to few mining pool so that in return they receive reward in form of mining fees charged for validating transaction as well as new ether coin mined . This makes it to be using a proof of work consensus. In this year, 2020, the ethereum network managed to change its consensus from a proof of work to a proof of stake thus allowing stakers to be able to stake their ether to few staking pool such as  https://ethstaking.io/ and  https://www.rocketpool.net/ thus in return you earn reward of up to 6% per anum or above in form of new coin minted and transaction fees charged for validating transactions on the ethereum network. In late 2015, one ether was going for around $0.4. Towards the beginning of 2016, the price managed to go as high as above $1 after which it managed to go above $10 again as 2017 was starting. As 2017 was winding up,the price had managed to go as high as above $700. As 2018 was starting,the price managed to go as high as $1300 thus profiting those early miners who were still holding their ether by that time. In 2018,the price went as low as $80. Currently, one ether is trading at around $250.  The increase in price was due to an increase in the number of miners leasing their computing power so that it can be used by several mining pool to validate transaction taking place at the ethereum network. The decrease in price again was due to the dumping of ether to several exchanges by those miners who wanted to profit from the rise of the price. Since ethereum has managed to change its consensus from proof of work to proof of stake, we will therefore further explain its price prediction based on proof of stake consensus as follows

Proof of stake consensus

When ethereum was launched ,it was using proof of work consensus where miners could lease their computing power to several mining pool to use it to validate any transaction taking place on the ethereum network thus in return they receive reward in form of miners fees charged and new coin minted . In 2019, a new proposal was made by Vitalik to transform the network to a proof of stake consensus since it is cheaper as compared to proof of work consensus. Currently, ethereurm network uses proof of stake consensus which was implemented towards the beginning of 2020. In proof of stake consensus, the stakers will lease their coin to few ethereum staking pool who will use them to secure the ethereum network as well as to validate transaction taking place on the ethereum network. Although ethereum is an already established network, we will still explain its price analysis based on proof of stake consensus. If more stakers will lease their ether to the staking pool, then the ether will become inefficiency on the ethereum network thus creating its demand. This will result to an increase in its price. On the other hand, if few coins are being staked to the staking pool by few stakers, there will be surplus of ether on the ethereum network thus its price will decrease. The 2021 future price prediction for ether can further be explained based on bullish and bearish condition as follows;

1. Ethereum bullish condition based on the consensus used  

In a bullish condition, the ethereum coin will be considered to be moving in an upward market direction. In 2015, one ether was going for around $0.4. 3 years later, the price managed to go as high as $1300. This increase in price was due to an increase in the number of miners leasing their computing mining power to be used to secure the ethereum network as well as to validate any transaction taking place on the ethereum network. The price then decline to $250 and has managed to maintain that trend. This decrease in price was due to the dumping of ether coin together with the reward by early miners so that they can profit from the increase in price.Currently, ethereum network was able to transform from proof of work to proof of stake consensus. Therefore, the future price will be determined by its proof of consensus rather than proof of work consensus.In one year time from now, if more stakers will join the ethereum staking program by simply leasing their ether coin to few staking pool,then ether coin will become inefficiency in its ethereum network thus its demand will increase thus causing its price to also increase all the way to around $300. The analysis of ether coin based on the consensus used is further being indicated as from the candlesticks chart below;

The above chart represents the 2021 future price prediction of the ether coin. Two points are being indicated. There is point A and point B. Before point A, the price of ether coin can be seen to have been rising all the way to $266. This increase in price has been due to an increase in the number of stakers leasing their ether coin to few staking pools available thus causing an inefficiency of ether coin in its network. This inefficiency is what results to an increase in its demand thus causing the price to go as high as $266 as indicated above. Some stakers then unlock their ether coin together with their earned ether interest  and dump them in several exchanges thus causing the price to slightly dropped to point A at $256. Some more stakers then continue to join the staking program by leasing more of their purchased ether coin to few staking pools thus causing the price to rise again to point B at above $266. In one year time most probably 2021, if more stakers will continue to join the ether staking program due to an increase in its reward, then the price will continue to rise to above point B. As 2021 will be starting, there is possibility of the price of one ether to go all the way to $300. For investors, this is the right time to purchase ether coin so that you can profit in 2021.

2. ether bearish condition based on the consensus used  

In bearish condition, the ether coin will be considered to be moving in a downward market direction. In 2015, one ether was going for around $0.4. 3 years later, the price managed to go as high as $1300 . This increase in price was due to an increase in the number of miners leasing their computing mining power to be used to secure the ethereum network as well as to validate any transaction taking place on the ethereum network . The price then decline to $250 and has managed to maintain that trend. This decrease in price was due to the dumping of ether coin together with the reward by early miners so that they can profit from the increase in price.Currently, ethereum network was able to transform from proof of work to proof of stake consensus . Therefore, the future price will be determined by its proof of consensus rather than proof of work consensus. In one year time from now, if the staking reward will decline then more stakers will also exit the staking program thus causing the ether coin to become surplus in the ethereum network. This will result to a decrease in ether demand thus causing its price to decline. If this is bound to happen though i am bullish for ether, then there is possibility of ether to be worth at around $200 in early 2021. Here is an analysis of ether coin based on bearish condition

The above chart represents the future price prediction of the ether coin. Two points are being indicated. There is point A and point B. Before point A , the price of ether coin can be seen to have been declining all the way to $256. This decrease in price has been due to an increase in the transaction cost thus causing many Dapps to shift to other network. This result to a decline in the staking reward program thus causing many stakers to unlock their staked ether coin together with their reward and dump them in several exchanges. This dumping is what result to a decline in price to $256 as indicated above. Some existing Dapps then purchase the ether coin so that it can be used to perform several functions in their Dapps like paying their users and paying for transaction cost. Because of this,the price slightly rises to point A at $266. The ethereum network platform further increases the transaction cost in their network thus causing more Dapps to continue to exit the platform due to a decline in their revenue. Because of this, more stakers continue to unlock their coin together with their reward due to a decline in the staking reward and continue dumping them in several exchanges thus causing the price to further decline all the way to point B at below $256. In one year time,that is in 2021, if this will continue to happen,then the price can go as low as $200. I am not bearish for ether coin but if you are bearish and think this can happen, then you can sell them at current market price if you are holding them.  

Summary

Ethererum network has been using proof of work consensus since 2015 all the way to 2019. In 2020, it was able to transform from proof of work consensus to proof of stake consensus due to high expenses incurred from electricity in the proof of work consensus. The price of ether was able to go as high as $1300 from $0.4 but later dropped to $250 where it has managed to maintain at around that level. The increase in price has been due to an increase in the number of miners who later dumped their ether coin in several exchanges in order to profit from the increase in price thus causing the price to drop again to around $250. In 2020, ethereum network was able to transform from proof of work consensus to proof of stake consensus thus its price prediction in 2021 will be based on proof of stake consensus. Therefore, we can say that as more stakers lease their coin to few staking pools to use them to secure the ethereum network as well as to validate any transaction taking place on the ethereum network,the price will increase due to an increase in the demand of ether while if more stakers who had previously leased their ether coin to few staking pool to use them to secure the network unlock them and dump them to several exchanges due to a decline in the reward ,the demand of ether coin will decline thus causing the price to decline. In early 2021,I am bullish for ether coin thus would suggest to buy. I am not bearish for it.