ETH – Has been ranging in between 1728 (0%)  to 2352 (23.6%) in this last four weeks – Fibo levels from 4372 .72 to 1728.72. Ethereum looks like it is building some momentum, hopefully towards the upside. However, Covid has been blossoming throughout Asia and Europe throughout this summer due to the fact that everyone is trying to play catch up with work and economy, thus neglecting the unseen. There is still some shadow on the Tokyo Summer Olympics due to spikes co”Rene” (re-naming it a her like how we name our cars). Uncertainty is largely in the air and traditional businesses running around in circles directionless. With the 3 regional central banks meeting up, they might come up with some coordinated scheme.

Zooming in today, ETH will play between 1750 to 2250, and she is expected to act like a agitated teenager with bad hormonal imbalance – at least for the next few day. Although fundamentals are screaming bull bull bull, all the way! - Microsoft is said to be buying in around 4 billion into crypto, paired with global economic uncertainty and plutocratic coordinated manipulations. It is best to stay away from the markets at least for the next few day. Till it give some direction.

It would be a shame if we do not capitalize on a crab like trend – I highly suggest that you get on board using trading bots – capitalizing on Classic Grids/Spot. You would know that the bulls are rallying when prices is heading above 2250 and it would be as clear as Elton Johns glasses when prices closes and stay above 2500. 

Happy Investing and Trading! 

Ben Yeo

Flip Flop Crypto

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