BTCUSD $25,000 After PullbackBitcoin rejected off of the $23671 (0.5 Fib) level and looking at the 4-hour chart i'm seeing a minor pullback down below $22k to $21980 in the re-entry zone marked out on my chart.
Take a look at how many consecutive trading period Bitcoin has been posting up green candles, people are going to take profits and don't be afraid either to try and catch a re-entry lower before we make new highs.
The bullish momentum is here don't get me wrong, we just accumulate more going up.
After the pullback i'm expecting Bitcoin to hit the next level of untapped resistance at the $235356 (0.618 Fib) level.
It doesn't look like we'll come back and touch $16000 or even retest ATH at the moment, although that isn't off the table. It looks pretty off the table though, its barely hanging on.
Anyways, the golden pocket between the top of the trendline & $12980 is the prime re-entry zone with the golden price being $21600.
This post doesn't take away from the price target I still have set at $30,000 , feel free to check out that read.
Cheers traders
kyer
Easyloot
LTCUSD 1W Outlook $170 TargetLooking at the chart of Litecoin on the weekly timeframe, we can see that it's in a bullish trend that just broke out of a 2-year, almost 3 year, downtrend. The start of the downtrend was created at $171 with the second point being the swing high of the summer bull run in 2019. Since June 2019, Litecoin hasn't reached a higher high than that with the coin failing to even break above $80 until this week.
To get a glimpse of how strong this $80 level is, Litecoin tried in early 2020 to break $80 but got rejected all the way down to $25, then this month it tried 4 times to break through and couldn't until this week.
Now LItecoin not only broke through $80 but it broke through $95 too.
This does look like a big wick up on the weekly, but if we can see a wekly close of Litecoin above $95 that would be huge.
Moving upwards, the first level of resistance is $114 although that isn't the real resistance target. The $136 start of the downtrend and second point of the trendline is the real resistance level that Litecoin has to break in order to even think about hitting its previous all time high price.
Once Litecoin breaks through $136, the next valley created is $171. The $171 - $183 range for Litecoin is the last major level of resistance before it reaches its previous all time high prices.
Cheers
kyer
ADAUSDT $0.20 Next Long TargetCardano is looking very bullish with a clean bounce off of $0.14. now that it hit $0.169 and the top trendline, it looks like the resistance level at $0.197 is going to hit pretty easily. Cardano hasn't touched these prices since 2018 but I believe now is the time that these TP's will start hitting.
If we can breakout upwards then these TP's are in play, otherwise we're going to see a slow pullback to $0.14 before moving back up. This is a critical decision point for Cardano, this is the moment of truth to find out if it's going to continue pumping.
This chart is obviously on a daily timeframe, so if you would like to see my weekly chart of ADA and all the TP's I have marked out then please feel free to check out the linked chart below, thanks. here are my TP's on the daily chart:
TP1 🎯 $0.19701
TP2 🎯 $0.23677
These altcoins still have a massive mountain to climb to hit their ATH price, while Bitcoin has soared through its and is about to hit 25k. I am bullish on altcoins with use-case to reach their previous ATH prices. I believe we're starting to see that as this year was the slow build up for the 2021 bull run season.
Cheers to all you traders thank you for your support
kyer
ETH Accumulation Before It's Next Move Up+Crypto markets have been in one hell of a ride these few days and the parties just getting started.
+After Breaking out if its downtrend (white line) we saw ETH do 25% in roughly 5 and a half days.
+Most people TP were $686 including mine but what most of us forgot is the monthly level of $669
+Once we had our first touch on this level we saw a scam wick down stopping out all the noobs that fomomed in a grabbed longs.
+If you have been trading ETH for awhile you remember what happened when we first tested $486
+We seem to be creating the same type of pattern here and my guess is well be seeing a slow bleed to $618 accumulate along tis level and have our 3rd test on this Possible Trend line.
+Now I saw possible for 1 main reasons a trend line needs 3 confirmations/Tabs to confirm we are in a uptrend. This atm only has 2
+ETH is exhausted moves don't go up forever without a healthy pullback
+Respecting the level of $618 and bouncing off of this potential trend line I believe ETH will have enough momentum to ladder up towards $784
First TP $732
Second TP $784
YFIUSDT $34000 Long TargetLooking at the 12-hour of YFI, its at a crucial decision point on the verge of a breakout. If this breaks out of this downtrend to the upside, YFI is going to hit $30,000 and beyond to the moon 🌙
The downtrend is formed from the ATH at $43,562 down to the most recent swing high at $30,000. YFI has been creating higher highs and higher lows, both common signs of bullish momentum. There is a very good chance with the recent price of Bitcoin that YFI will follow suit and break out of this downtrend. Here are my TP levels going up:
TP1 🎯 $30000
TP2 🎯 $32299
TP3 🎯 $34835
Eventually after YFI finds support at $34825, its going to come up and retest its previous-ATH at $43,562.
Cheers traders let me know your thoughts
XRPUSD New Long TargetsXRP has been a slower mover compared to the other major cryptocurrencies, but now its strapped in for a big pump upwards.
At the moment XRPUSD is fighting for the 0.572 level as it regained its uptrend after reversing up. It hit all my previous 3 TP levels, and now here are the next ones i’m looking at for the next leg up:
TP1 🎯 0.63
TP2 🎯 0.67267
TP3 🎯 0.694
This is looking like very bullish momentum that looks like its going to continue, not a relief rally. Bitcoin today sending over 20k was monumental and I can't even begin to imagine all the FOMO thats taking place right now. People are going to see the #3 cryptocurrency, XRP sitting at $0.55 a penny stock and scoop it up for cheap.
Let me know your thoughts in the comments
Thank you
Kyer
BTCUSD 22k Next Long TargetA monumental day for all BTC hodlers and cryptocurrency enthusiasts, Bitcoin hit 20k. Shortly after that, Bitcoin wicked 21.2k to the Tee from my last analysis, which was the top trendline in this upwards channel seen on the 4-hour timeframe.
From here I can see BTC continuing to move up and hit these Fib TP levels:
TP1 🎯 $21980
TP2 🎯 $23671
If you haven't seen my 30k BTC post and all the take profit levels on the way there, I highly suggest doing so it makes this chart a lot more clear.
BTC is still very clearly in a bullish trend with heavy bullish momentum creating higher highs as it consolidated underneath the previous ATH ready to break out.
The FOMO that is about to hit is unreal, think about all the people hitting up 'hey is it a good time to buy cryptos' as Bitcoin is making all time highs. People want to make money and not miss out on the wave up, the FOMO is about to hit heavy.
Quick post today, had to get out the BTC update for you guys. Cheers to you all for making it here with me that've been trading BTC since sub-10k
Thanks
Kyer
ETHUSD $700 Next Long TargetAlong with Bitcoin, Ethereum had a great day today rising from $580 to $644. For the entirety of this previous month, ETH has been consolidating underneath yearly highs from $556 - $600 and finally broke out this morning.
This changed the sentiment in the markets and lifted the bullish spirits. From here, after ETH hit $600 & $617 as our first take profit levels, it went on to hit $623 and then $636.
Now the only thing in the path between $700 and the current price of ETH is the $687 TP level, which should hit in the same move ETH goes to $687-$712.
That range is the next real resistance zone and if you look at my chart I switched the $600 red distribution zone to green accumulation, after closing out higher than the triple top.
Going long, here are my next TP levels
TP1 🎯 $687
TP2 🎯 $700
Thanks
Kyer
ETH Levels Moving Into the New Year ETH/USDT | Q1 & Q2 2021
ETH/USDT Technical Analysis Moving Into The New Year...
I'd like to see a breakout of this current level of resistance followed by a test as support (which would confirm a buy signal). Watching these levels, I think it's important we don't overtrade during a time like this, instead, we let time work for us. As long as we can hold above $515, I will remain bullish as I still believe there is much more to come once BTC gets truly exhausted and alt-season actually kicks into gear.
DCJ | Steve Jobs of TradingView
NIO = Santas Gift to AllMany get worried when seeing a hype stock like this correct and move sideways as it is now... I on the other hand love times like this. Nio is preparing for a decision, and its direction will quickly be determined with the upcoming price movement as we move toward New Years'.
As we come to a decision point for Nio, we look at a few levels. I'll be watching the $38 level as support and a neckline for a possible head and shoulders pattern. Moving forward, I do believe NIO will hold strong and make its continuation, along with many others in the EV bubble (TSLA, PLUG, FCELL, etc). I think now is a great time to load up on long-term shares and potentially a small position on calls expiring in February or later.
Happy Trading!
DCJ | Happy Holidays
Ocean Bullish Continuation? +Just came across this coin while scanning markets so here's a quick read on it
+Never heard of Ocean before but it definitely caught my eye when I saw it was up 9% on the day.
+Typically I don't like to chase coins that are already on its move up but I think its possible Ocean will keep pumping.
+The level $.335 is a support and our current resitance is at $.6332
+Previous resistance was .42 and after breaking this level Ocean created level adaption .42 making that its new support. after this it went for a test of $.63 but was short and started laddering down.
+After ladder down we see that this .42 was still being used a a support but got rejected by the downtrend I have drawn on the swing high.
+Now ocean is attempting to break this bearish trend and if it does I really think it will be able to have its first test of $.6335
+if not there are a few ways this could play out. $.335 still did not get tested yet so there is a possibility we see that level again and create another accumulation zone if we reject this trend line.
+The white trend is just a trend within a trend but the trend we need to break is the blue colored downtrend. Based on the 12 hour it seems this blue level downtrend still has lots of time before being broke so I wouldnt jump in right away. Sometimes its best to just give the coin time and let it does it thing before grabbing a long or short.
BUY THE DIP | $SNOW LONGBUY THE DIP! Good morning traders, as we look at SNOW on larger timeframes we see a well-needed correction after this IPO made a push toward even more all-time highs. This week could be the last of being able to grab it around this price.
Looking at price action, there are a few things to consider starting with the retest of $301. $301 shows as a strong level first as resistance, now as support (if it holds). SNOW is a buy
DCJ | Happy Holidays
$1 Dollar XRP Coming soon 2021 Bull-Run+if you missed the recent pump for XRP when it did 128% in 28 days no need to worry because another pump is coming.
+XRP on the weekly tested its swing high of $.74 and had a pretty heavy rejection after.
+After its attempt of $.74 it came back to its resistance of $.46 and make this level its new support.
+Here on the 4 hour we can see that really wants to break out of this downtrend trend line and once it breaks we will see a ladder up towards my Tp's
+
+XRP new Support is getting respected very nicely and to me this looks like a breakout towards bullish activity.
+ Once we breakout these are my TP's
+1st TP $.86 📊
+2nd TP $1.004📊
SPY Holding Up During Holidays? Happy Holidays! After seeing the AMEX:SPY hit ATH last week, some wonder if the flame has just been lit or if it's being put out. Will the market hold strong into the New Years' or will it start a correction as Biden makes his way into office.
Right off the bat, I see a few key levels to watch starting with $363.22 as Monthly support and $365.73 as weekly. We should also watch $369.84 and $371.05 as weekly resistance.
As the vaccine is distributed nationally and globally, we could aim to expect a continuation up that is unless we see negative news about this pandemic or vaccine. We also need to remember that Biden will be making his transition into the White House on January 20th, 2021.
God Bless America
DOW Trading Under ATH | New Years WedgeAfter seeing the DOW hit ATH last week, it looks like it could continue sideways for the next week or so as we approach the holiday season.
I'm watching $29,820 as weekly support and $29568 as Monthly support. Looking toward the upside, we've tested the $30,325 range as ATH twice in the last week, confirming it as a strong level of resistance. I'll be watching this wedge moving into the week as we watch for a breakout.
As the vaccine is distributed nationally and globally, we could aim to expect a continuation up that is unless we see negative news about this pandemic or vaccine. We also need to remember that Biden will be making his transition into the White House on January 20th, 2021.
God Bless America
LTC Bull-Run 2021+Alt Coins across the map all are showing a similar pattern.
+The pattern im seeing its coins are testing bullish trend lines after getting rejected of of weekly levels and bearish trend lines.
+Same goes with link after 2 test on 92.98 we saw that it came right back down to its bullish trend line and still maintained the level.
+ LTC on the 12 hour looks like its creating level adaption on the level 79.79 which is a really good sign for bullish activity.
+We can also see this on the 4 hour where LTC is adapting 79.79 as a new support after breaking out of a bearish trend cycle.
+As we come to a end towards this symmetrical triangle lower lows which is another great sign for bullish activity.
+Things are looking great for LTC and im patiently waiting for the right time to grab a 50X leveraged long on it and hold on for awhile.
+I wouldnt be surprised if we tested the bullish part of the triangle one more time this would basically stop out longs that got in to early which is something market makers love to do so just be patient with the entry.
+TP 1 $99.97📊
+TP 2 $125📊
Chainlink Spot The Breakout Buy The Breakout+Chainlink has sure given us a few sloppy days of trading this past week with both green days and red days
+I believe now its safe to say that Link seems to be making a reversal back to the upside after testing its white daily trend level I drew back form July
+Chainlink also seems to be in a symmetrical triangle and if it breaks this symmetrical triangle we will see prices back towards ATh very shortly
+Breaking this symmetrical triangle Chainlink will see my TP's of 17.36 and 19.29 shortly after New Years.
+I think rn is a great time to buy some Chainlink for a nice position trade and hold till it reaches its first touch on these resistance levels.
+First TP $17.36📊
+Second TP $19.29📊
ETH Preparation for 2021 Bullrun+ETH after rejecting $618 came back down and tested $485
+We tested but thankfully did not close below $485 which lead to antlers attempt of $618
+On the chart it seems like ETH is going for another attempt at $618 and this is going to be a very important test/break we see.
+If we fail to break $618 on its next attempt there's a possibility we see a similar pattern to the 485 rejection with 3 months of accumlation.
+Now I don't really see this as happening do to the fact that Bitcoin is facing its ATH once again and we are headed towards a weekly close in the new few hours.
+Closing the $618 level will confirm its next to TP of $714 and $810
+Simple break down on ETH just to sum it up im very bullish on it atm
+TP 1 $714📊
+TP 2 $810📊
BNBUSDT $30+ TargetBinance Coin just broke out of this downtrend on the 4-hour and bounced off $27 support, going long to $31 & $35 as take profit levels.
BNB has already 1st touched the $35 level and that's around it's previous ATH of $40 so on this next leg-up it could head up to previous-ATH levels. Look what Bitcoin is doing right now that is very possible for BNB.
If BNB doesn't have enough momentum after hitting $31 resistance then its going to come back down and retouch this downtrend and $27 support again before moving back up to those long levels.
Let me know your thoughts in the comments thank you
This chart is kept very, very simple.
ETHUSD $600 Long TargetEarlier this month Ethereum formed the notoriously bearish triple top pattern and was looking like it could come back down and retouch the $470 support level.
Then I didd some investigating into bigger timeframes and realized that ETH hasn't came back down to touch a single level of support since $234 and it doesn't have to in a bull market.
All the talk about the $470 was invalidated after ETH created that higher lower and never saw a close underneath this uptrend. From there, it was squeezed lower until it couldn't possibly drop any lower and then rocketed upwards past $556 and out of the wedge.
From this close out above $556 we can expect to see a weekly close above the $556 level indicating the continuation of this bull market going long towards $600 and beyond.
TP1 🎯$600
TP2 🎯 $617
Thank you 🙏 Cheers 🥂
BTCUSD $21200 Long TargetFor the entirety of this month so far Bitcoin has been suck accumulating just underneath it's previous ATH.
Now after reversing back upwards it looks like BTC has broken out to the topside of this wedge and is heading back up to hit its previous AH and go beyond $20,000
$19600 is the 1st TP and is followed shortly after by the psychological resistance level of $20,000.
After Bitcoin makes a clean close above $20,00, the next target is the top trendline to hit a target around $21200
ETHUSD Every Fall Created Higher LowsETH for the most part of this week has been looking like it was going down to hit $470, but every 4-hour candle that passes the less likely it looks like that's going to happen.
Right now ETH is still holding in this wedge, created higher lows, and could regain this $556 support level going long.
Every drop this past month on Ethereum has been higher lows and it never lost the bullish momentum.
If it continues to trade in this wedge and hold this trendline, ETH is looking like a beautiful long going back up towards $600 and beyond.
Thank you