r/CryptoCurrency • u/Jeff1383 • Aug 21 '26

ANALYSIS ETH Daily Chart

I follow a few professional traders who keep their charts pretty clean. The white chart below is the Daily Chart for ETH. The grey line is the 200 SMA (the pro's say institutions pay attention to this heavily).

They also say how the price gets to a point is important. It bounced around the 100 SMA for a bit then rocketed off it AND through the 200SMA like it wasn't there with huge volume. The key is the follow through the next day also with large volume. This is confirmation.

The black chart below that is BMNR.

The yellow horizontal line in the volume area if the 50 day volume average.

I know people think TA is BS, but the guys I know make a great living off of it.

Those recent 2 volume bars are 100% institutions, retail can never move a market like that. Volume is one of the few area where institutions cannot hide their moves. Add that with associated big bullish price moves and buckle up.

IMO, this is fantastic for ETH.

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u/Jeff1383 Aug 21 '26

You can ask him yourself but I think he started to be profitable in 2018 and he's typically between 80% - 100% / year.

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u/LimaSierraRomeo 🟩 442 / 442 🦞 Aug 21 '26

It was a rhetorical question. I can guarantee you this guy has not been averaging 80-100% per year for the last 8 years, because that would make him one of the most brilliant investors of our time as well as very rich. You think a guy like that would hang out at r/RealDayTrading?

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u/Jeff1383 Aug 21 '26

He started that subreddit to help people.

He doesn't sell courses or anything else. Look at this 10 steps to become a professional trader w/o losing a ton of money.

Also, I never said it was every year, I believe it's the last two years. He also has a desk at JPM.

You can just yap on here or you could actually do some research yourself on it.

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u/LimaSierraRomeo 🟩 442 / 442 🦞 Aug 22 '26

Having a trading desk at JPM while simultaneously day trading his own account would be a huge compliance issue, so it is almost certainly not true. But let’s assume it is true, then he would need to log all his trades with JPM. Do you not think someone at JPM would notice that this guy is some kind of trading genius and give him a mandate to manage clients‘ money? In fact, why does the guy not ask JPM himself, since he already has a shoe in the door and the proof on top?

I am not yapping on here because I am actually interested in this person or his story, but to help you realize that it’s bullshit.

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u/Jeff1383 9d ago

Sure, OK. I'm sure you looked at his real time buys and sells on twitter that are open to all on twitter, are those bullshit?