LITECOIN - Bullrun Started! ✅The $100 reversal zone was on our radar since early December 2020. We had the structure and 78.6 fibonacci level acting as confluence for a reversal.
In our previous post we mentioned that 2022 will likely be a bullrun for Litecoin - and it looks like we've started!
We are currently up 30% from our $100 reversal zone. Looking for further strength from Litecoin this year!
See our previous posts on Litecoin below.
Altsignals
RIPPLE - The Perfect Reversal! 🔥Since early December, we've had our eyes on the 0.50 - 0.55 level and kept mentioning that that was our reversal zone.
Since then price came back down to our reversal zone and bounced perfectly! We posted an analysis on XRP when we were at the bottom and looking for a reversal. Currently it's up by almost 40% and that's just the start of it. Expecting a LOT more from Ripple.
If you haven't entered already at the bottom, keep an eye out for our charts as we'll be posting continuation setups!
See below for our previous XRP analysis.
C98 - The Ground Floor C98 was on a massive bearish leg for the latter half of 2021 and we almost took out the entire gains it made.
We recently tested the 78.6 fib of the bullish impulse move and we may have found the bottom. IF we do move lower once more, keep an eye on the structure.
The great thing about this coin is that its at the very lows. Any move up would be exponential gains for your portfolio. Might be a good one to take a punt on and see what happens.
Trade Idea:
- Enter and watch for continued bullish momentum from 78.6 fib
- If we move lower, watch the structure level for bullish price action and enter
- Targets: 4.4, 6.2, actively manage the rest
Goodluck!
LUNA - Correction Almost Finished! ⚡️Luna looks to be on the last legs of the correction. We have the structure level at 36-37 where we are looking for bullish price action.
In the mean time we can look for one more short trade back to the structure level.
SHORT Trade Idea:
- Watch for lower timeframe correction break
- Enter with stops above the recent highs
- Target the structure level at 36-37
Goodluck!
FLM - The Third BounceAfter the massive bull run in early 2021, FLM has been bearish for the rest of the year. We are now approaching the impulse generation point once again where we may see a significant reaction.
Trade Idea:
- Set alerts near the bottom (at 0.15)
- Watch for bullish price action at the structure level
- Put stops below the lows
- Targets: 0.4, 0.8, 1.2
Goodluck!
TRON - The Bottom Is Near!Tron is approaching the double bottom region from 2021 where we saw a bull run of over 170%!
It appears we have one more drop before we reach that level, which can be traded.
SHORT Trade Idea:
- Watch for rejection of the structure (0.06 to 0.065)
- Enter with stops above that structure level
- Targets 0.045 to 0.05
LONG Trade Idea:
- Watch for bullish price action around the 0.045 level
- Enter with stops below the rejected price
- Targets: 0.08, 0.13, ATH's
Goodluck!
CARDANO - Where Are The Bulls? Cardano is finally near one of our reversal zone. We're currently sitting on the structure level that we bounced off previously. However, as we're expecting one more Bitcoin SHORTS, it is likely that Cardano may drop once more - to the 0.70 level where we have multiple fibonacci confluence. We can see that we're in a 5 wave impulsive move down and currently in the fifth wave. Fibonacci extension suggests that the 0.70 is the reversal zone.
Trade Idea:
- Watch Bitcoin to see if we make one more move down (see linked chart)
- If Bitcoin moves lower, watch for Cardano to hit the 0.70 reversal level
- Enter when you see bullish price action
- Stops below the rejected level
- Targets: 2.4, 3, manually manage the rest
Goodluck!
UNISWAP - Reversal Wedge!Uniswap is currently within a descending wedge and has been respecting it very well. The wedge is a descending wedge, which is often a bullish reversal wedge.
We are anticipating a breakout of the wedge soon with ATH targets.
Trade Idea:
- Watch for a breakout of the wedge
- enter with stops below the lows
- Targets: 28, 44, actively manage the rest.
Goodluck!
POLKADOT - VERY Important Level To Watch.In one of our earlier posts on Polkadot, we were saying that Dot will likely go down to the $10 area where we will be looking to buy - see that post here:
We are now very close to our entry zone. We have one more move down before we hit the $10 level - which some were very sceptical about!
The move down can be traded but it is only a short term trade. The big move is the buy trade from the $10 level.
Trade Idea:
- Watch for Dot to move down once more and tag the $10
- Watch for bullish price action at that level and enter
- Put stops below the price bounced from
- targets: 32.4, 54, actively manage the rest
Goodluck!
ETHEREUM - Shorts Almost Ready ✅In our last post we identified the retracement and where it may retrace to before dropping once again. We are now near one of 2 reversal zones. The ideal reversal zone is the 61.8 fibonacci where we have structure and the descending trendline.
However, if we don't get enough momentum to push us to that level, the 50 fib looks to be the other reversal area. Either way we can watch the red ascending trendline for a break and enter.
Trade Idea:
- Watch for rejection of one of the fibonacci levels
- Enter with stops above the rejected price
- For safe entry, wait for the ascending red trendline to break
- Targets: 2200, 1700, actively manage rest of the positions incase we drop lower
See below for our higher timeframe analysis.
Goodluck!
BITCOIN - Shorts Almost Ready ✅Following on from our last post where we had the higher timeframe analysis for shorts, we are now almost near our ideal reversal zone.
The 39k level appears to fall in line with the descending trendine and the structure, making it the best place for reversal.
Trade Idea:
- Watch for price to reject the descending trendline and structure
- enter with stops above the rejected price
- targets: 33k, 30k, actively manage the rest incase Bitcoin dips even more
See below for our higher timeframe analysis.
ANKR - Breakout Imminent!ANKR is setting up nicely for a breakout. We have the structure level at 0.053 where we saw price breakout in late 2019 by over 300%.
We are approaching that structure level once again where we might see a similar price action.
Trade Idea:
- Watch for price to come back down to the structure level and show bullish price action
- Enter with stops below that level
- Targets: 0.118, 0.18, actively manage the rest
Goodluck!
Alt coins, a key decisive turning pointIt looks as though a reverse head and shoulders is forming. For me the question left to ask here is where will the right shoulder bottom at? It has definitely confirmed adequate support just below current levels. It may have already bottomed on the right shoulder. It might drop lower and create more of a triple bottom. Either way that would most likely mean we are sitting in an excellent buy zone for the entire alt coin market. Whether it has bottomed today, tomorrow, or next week it really doesn't make much difference. I believe right now, you could throw a dart blindfolded and land a massive gain on just about ANY altcoin you choose right now. Which is why I chose ALT PERP as a general represantion of the current alt coin market. Happy Trading! Buy and hold, no fear here, prices will multiply shortly!
SHIB - Bouncing Off VERY Soon! 👀Shiba Inu has been on the watchlist for a very long time. Been waiting for the massive inevitable impulse that will soon make us all shibillionaires!
Only issue is that there doesn't seem to be a clear bottom. No previous structures to indicate where it may reverse from. There's the 0.88 fibonacci level which could be a reversal zone.
So, how do we approach it?
Best way to get in at the bottom is by correlating it with other cryptocurrencies such as Bitcoin. When they find their bottom, we can assume that maybe Shib and other altcoins will have found their bottom.
SHORT Trade Idea:
- Watch for rejection of the structure and fib
- Enter with stops above the rejection
- Slowly take profits as we come down
LONG Trade Idea:
- Watch for Bitcoin and other major coins to find their bottom
- Watch Shib for similar price action
- Enter with stops below the lows
- Ride the wave until there appears to be a clear loss of momentum 🏄🏼♂️
Goodluck!
KISHU - Almost Ready... 🚀All eyes on the Dog Coins! They're all near the bottom which is making it more and more enticing to buy for some quick gains.
Kishu could still move lower once more before we get to our buy zone.
BUY Trade Idea:
- Watch for Kishu to move lower one last time
- Once it reaches the structure level, watch for bullish pressure
- Enter with stops below the lows
- Hold some positions until 50% of the last bullish move. Take some more off at ATH's. Actively manage the rest
You can still trade Kishu for the short term sells. Just watch lower timeframe for a trendline break and then enter.
Goodluck!
ETHEREUM - Final Call For Shorts! ⚡️We could be seeing a final move down for Ethereum before we start buying, along with other coins.
We can see that we made an impulse down and we fibbed that impulse to get the best reversal zone, which falls in line with the structure level. Looking for rejection of the fib to move down to the 1700 area.
Trade Idea:
- Watch for price to reject the structure and fib level
- Enter with stops above that level
- Take profits off around the 1700 level
Do you agree? Let us know below. Goodluck!
BINANCE COIN - SELL ZONE. BUY ZONE.Binance Coin is shaping up very similar to all the other major coins such as Eth and Btc. We could be moving lower once more before we go in for the big buy.
The bigger picture is showing us an expanding flat correction and we're currently in the C wave.
SHORT Trade Idea:
- Watch for price to reject the fibonacci levels in our sell zone
- Enter with stops above the rejection
- Take profits around the 230-260 area
BUY Trade Idea:
- Watch for price to come to our buy zone
- Enter when you see bullish price action
- Stops below the lows
- Targets: 650, 880, actively manage the rest
Let us know your thoughts below!
BITCOIN - 30K Incoming!Our previous posts on Bitcoin shorts have been playing out really well and it could be that we may have another short setup on our hands.
Bitcoin is approaching the 40k level which has been a psychological level for quite some time. We broke through that and we could be retesting it and heading towards 30k (as mentioned in our higher timeframe Bitcoin posts)
Trade Idea:
- Watch for price to approach the 40K (or around that level) and show rejection
- Risk entry on rejection of the structure level
- Safe entry on the break of lower timeframe ascending trendline
- Targets: 33k, 30k
Let us know if you agree or disagree. Goodluck!
BITCOIN x ETHEREUM - FInd Crypto Bottom Using This!Its no secret that Bitcoin and Ethereum are the most well known cryptocurrency out there and are leading the way for other, newer cryptocurrencies. Bitcoin acts as an index for all cryptocoins - if Bitcoin goes up, all crypto goes up. If Bitcoin goes down, all crypto goes down.
We can use this to find the reversal zones for all the other cryptocurrencies.
From the chart you can see that Bitcoin and Ethereum have almost the same price behaviour. Both showing us that we're in an expanding correction and approaching a significant level which we can reverse from.
For Bitcoin - it is the 30k level we are watching.
For Ethereum - it is the 1700 level we are watching.
We can see that we have a little way to go until we reach the bottom. We can use this to see which other cryptocurrencies are near to the bottom and ready ourselves for the inevitable reversal.
See below for some of the other crypto that are near the bottom or are at the bottom.
CARDANO:
RIPPLE:
KADENA:
LITECOIN:
POLKADOT:
STELLAR:
TRON:
VECHAIN:
CHAINLINK:
Feel free to post your charts below!
ETHEREUM - Do NOT Miss This Bottom! 🔥Ethereum is showing us a very VERY similar pattern to Bitcoin. Bitcoins has a strong support level at 30k which may be the reversal zone. We're not too far off and similarly, we're not too far off from Ethereums strong support level at 1700.
Once Ethereum and Bitcoin find their bottom, we can correlate it with the entire crypto market and look for buying opportunities.
Trade Idea:
- Watch for any shorting opportunities back to the 1700 level (bear flags, break and retests)
- Watch for bullish pressure at 1700 level
- Enter with stops below the rejection
- Target ATH's as first target. -0.27 as second target.
Let us know if you have any other ideas!
RIPPLE - Bottomed Reached.Late last year, we posted a Ripple analysis with the view that we will be reaching the 0.55 level. We have finally reached that level after a drop of almost 40% from our last analysis!
Now that we're at the bottom, what next?
We need to see if this level holds. As Ethereum and Bitcoin have not quite bottomed out, XRP can still sit at this level until the others join or we can move a little lower.
For higher timeframe confirmation of reversal, we can wait for the descending red trendline to break. On lower timeframe, we can look for reversal patterns such as double bottom or descending wedges - which will tell us that there's a reversal coming.
See below for our educational post on reversal patterns:
Let us know what you think.
Goodluck!
SOLANA - When Will Bears Give Up?? 🧸Ever since Novembers high, Solana has been on a massive bearish wave. An indication that the bearish wave was coming was the daily divergence.
Since the bearish wave has started, we can see a number of impulses (in light blue) and corrections leading lower and lower. Question now is: how low can Solana go?
A good way to call the bottom is by looking at the other major Crypto such as Ethereum and Bitcoin. Once they find their bottom, we can assume that the crypto market will also find their bottom and recover.
We can also look for a sharp move up which will indicate that the bearish momentum has ended or will end soon.
For short term trades, we can look for any bearish corrections and get in on the break for quick profits lower.
Goodluck!
DAX - Divergence Matters ⚡️What is Divergence?
Divergence indicates to us that a trend is losing momentum and could be ready for a reversal or a deeper correction soon. When we see divergence, we should stop trading in the direction of the trend and look for countertrend trades.
How to identify Divergence?
When price is making higher highs, MACD (or RSI) will show lower highs = Divergence.
We can see that the last time we saw a big divergence was in late 2019 - early 2020s. We saw DAX lose over 40% of its value in less than a month.
We can see that we had another divergence recently and we're taking a tumble now. DAX so far have lost 5% of its value and could continue to lose a lot more.
We have a structure level which will be a key area to look for break or bounce. It is likely that we will break it due to the momentum behind the recent moves.
Trade Idea:
- Watch for bearish corrections and enter with stops above that correction
- Take quick profits on some of the positions and hold the rest incase we fall a lot more than last time
See below for our previous NASDAQ analysis which played out perfectly!
Goodluck!