Hey traders, looking at the price action of Binance Coin to the U.S. Dollar on the daily time frame, it’s clear we can see higher lows from the ‘market bottom’ last summer during the 3 Arrows capitulation event. From here, we saw a higher low from SBF’s capitulation event and from here, we created this parallel trend that’s been held on this most recent swing...
Hey traders, quick update on Bitcoin to the U.S. Dollar. We haven't seen any movement since our run upwards in March to ~$30,000 and have been in an extended period of consolidation since. At the moment, the bulls and bears are fighting over a 3% range... this isn't healthy for anyone. I am sitting back and waiting for a direction change or a confirmation that...
Looking at the weekly time frame of Litecoin as we are approaching the halvening event in September of this year, about 200 days away, this chart is looking eerily similar to the 2018 cycle bottom. We’re going to see a pump upwards to $95-114 prior to the halving event with a pull back around to the area levels that were in now from $80-$84. I believe we’ve...
Hey traders, Looking at the daily time frame of ETHE here, if Ethereum can continue its move upwards, we can expect to see a $ 12 price target for ETHE. At the moment, ETHE by itself is -44% Discount to NAV which means you’re essentially buying Ethereum spot price around $1000. The $ 8.78 support level has held and i’m expecting that to before this move up...
Hey traders, Looking at the daily time frame of Coinbase (COIN) we can see a setup for another test of $80. May 2022 Bottom with the wick down that created the low we hit at the start of 2023, so that was the switch of direction to the upside or bull market, whatever you want to call it. We aren’t going lower than that point and now we should start looking for...
Hey traders, Looking at ICP on the 12-hour time frame, we see the two local highs that were created and the question on everybody’s mind is can we go higher? Breaking down the TA, we look like we’ve retested our levels of support at $5.24 and can now move up / change in direction to the upside. We may fiddle around between the $5.24 - $5.59 zone for a bit before...
Hey traders, Quick update from my previous Bitcoin read, it looks like the move is playing out exactly how we expected it to and we are on target for $18,155, or the EQ of the accumulation zone marked in green on my chart. We saw the short opportunity at the buy-side manipulation zone and then now we’re seeing the quick drawdown out of the distribution zone and...
Hey traders, Quick update from my previous Ethereum read, it looks like the move is playing out exactly how we expected it to and we are on target for $1,287, or the bottom of the accumulation zone marked in green on my chart. We saw the short opportunity at $1,645 and then now we’re seeing the quick drawdown out of the distribution zone and back to the...
Looking at the price of Bitcoin on the Daily TF, we can see that we just wicked out on the $24,233 level and are forming a buy side sweep. We will see what happens on the close of the daily candle, but if we close underneath here, that means the buy side sweep is formed and we should be looking at lower levels as the high for the month / local top is formed....
Looking at the Daily TF of Ethereum, we can see a very similar structure to Bitcoin, but a little more manipulated in the price action. The manipulation zone is a bit bigger and the accumulation zone is a bit smaller, where as Bitcoin, the move was made as clear as day. Usually, I use Bitcoin to chart out the flows for the market and trade on Ethereum to juice...
Looking at the 12-hour chart of Ethereum, this is an extension of my previous chart as there has been no volatility during the holidays and the markets haven’t really moved. We can see ETH is still in its accumulation zone and gearing to breakout to $1287 and beyond. This move will play out to TP1 & above marked: 🎯 $1,287 🎯 $1,347 Ethereum trade is invalidated...
Looking at the 12-hour chart of Bitcoin, this is an extension of my previous chart as there has been no volatility during the holidays and the markets haven’t really moved. We can see BTC is still in it’s accumulation zone and gearing to breakout to what looks like $18-19k after the weekly close. This move will play out to TP1 & 2 marked: 🎯 $18,155 🎯...
Looking at the 12-hour chart of Internet Computer, this is an extension of my previous chart as there has been no volatility during the holidays and the markets haven’t really moved. We can see ICP is still in its manipulation zone and gearing to breakout to $4.60 and beyond. This move will play out to TP1, TP2 & TP3 marked: 🎯 $4.60 🎯 $4.99 🎯 $5.59 Internet...
Looking at the monthly time frame and analyzing the 2017 cycle at large, it took 1096 days for Ethereum to reclaim its previous ATH at ~$1400. From here, we saw the historic cycle upwards almost claiming $5000, but falling a bit short. The top of this cycle with the extension of 1096 days puts Ethereum at reclaiming the previous ATH in late 2024, alike to...
Looking at Bitcoin on the 12-hour time frame we see we accumulation underneath the 2017 ATH price of around $16,889. Huge manipulation tactic to scare retail out of positions, and when everyone thinks the market can go lower and is boring, that’s when you should be paying attention. From here, if we can successfully reclaim $16,889 I’m expecting Bitcoin to...
Looking at Ethereum on the 12-hour time frame we see the bounce from the $1,161 level which could’ve just formed the local bottom for this next swing upwards. 1st target I’m aiming for is $1,287 and then we’ll re-evaluate from there, but huge capitulation move down in November, so would expect the same set of volatility to reclaim back on the upside. Trade is...
Looking at Bitcoin on the daily time frame we see lower lows as compared to Ethereum that saw a double bottom on this most recent contagion event. Now, if Ethereum continues that path and general trend upwards from this event, Bitcoin should follow would and bottom out around the $16,889 level before making its way upwards towards $19,356 and testing out those...
Grayscale Ethereum Trust and Grayscale in general for that matter, has been beaten down this year, with the clearest example identified in the ETHE Discount or Premium to NAV (Net Asset Value) which is down -51% to par. Given the current spot price of Ethereum (at the time of writing) at $1,321, this would put the spot price of each Ethereum held by Grayscale in...