BTC/USD $58,000 October Price Target Bitcoin pumped going into this month, October, as it bounced off the $40,707 level and reversed back up from there. At the moment, it looks like Bitcoin has broken through $44,854 and is holding $47,410 as a level of support. On the weekly time frame, Bitcoin has already painted the bottom wick of the weekly candlestick and is...
Dfinity’s Internet Computer has had quite the introduction to the crypto markets after the ICO listing, the price dropped from $600 to about $40 in less than a month. It has gotten all of the worst news coverage as it dropped at the top of the current market cycle, so it’s only been listed in the midst of a bear market. Now with Bitcoin, Ethereum and all of the...
Looking at the 3-day time frame of Ethereum we can see that its forming a bullish pennant after posting up a lower high than in May. However, this isn't a bear market because at the same time we've been creating lower highs, we've also been creating higher lows. It is just a matter of time before the price squeezes and inevitably breaks out to the topside and...
Looking at the 3-day time frame of Bitcoin we can see that it formed a lower local high earlier this month than the cycle top found in April - May. From here, the price rejected and is now currently holding support around the $39,696 - $41,337 level. I'm expecting BTC to backtest the uptrend that caught at the $30,000 level after the 1st local high formed, which...
Bitcoin has been in steady accumulation since 1st touching the $51,689 resistance level. From here, Bitcoin looks like its heading back up towards that same level and breaking out higher from there after holding support along this well-respected uptrend and support levels in the high-40k region. Bitcoin has been steady holding $44,854 & $47,410, which offers the...
After the local high in May was formed at $4,300 , ETH came crashing all the way down to $1,700 - $2,000 to where it formed a double bottom pattern signaling a trend reversal. From this point, ETH did not stop gaining for 13 days, which made me a little suspicious that we we're going to dump leading into the EIP-1559 on August 5th. However, it broke out of the...
Looking at the daily time frame of Binance Coin we see that it soared right through both the February & April 2021 levels and broke out of the downtrend to find support along $484 - $505. BNB is ranging in the $484 - $505 newly found support zone and will continue to do so until it breaks out higher to reach the $596 - $638 price target levels. Since BNB fell...
Looking at Polkadot on the 2-day time frame we see the reversal that happened in mid-July when it bounced off of $10.45. From here, DOT regained $16.44 with ease as it continued climbing through all the Fibonacci levels and broke through the 1.0 Fib at $30.40, which is now acting as a level of support. This bullish trend is confirmed and my next targets i'm...
Just like Bitcoin, Ethereum has had a great month going from $2,340 to $3,242 heading into the EIP-1559. From here, the price has been stable and rejecting off of $3,242. With Bitcoin moving back up in price as well as altcoins like Cardano going upwards to new highs, Ethereum should follow their price action. At the moment, ETH is rejecting off of $3,242 and...
Going into the end of this month and looking back, Bitcoin has had a green month and is looking great going into the next. At the moment, Bitcoin is held along the $47,410 support level and looks to be moving up towards $51,689 and then the $54,028 (2.618 Fib) level shortly after. A little suspicious that BTC hasn’t came back down and wicked this uptrend...
Binance Coin has bottomed out at $258 (found in my last post check link below) and is now on another parabolic cycle upwards towards $600 and above. The local high at $676 is the target that BNB is going to ry and hit before reaching price discovery and potentially hitting $1000 as people on Twitter keep saying. Following the path of BTC and ETH as benchmark...
Ethereum has had a previous great weekly close with what was looking like was going to be bearish but turned out to be a nice hammer candle, painting bullish momentum. Now, ETH has already painted its bottom wick on the weekly and already seems to be soaring. It has made consistent higher highs since bouncing off the 0.786 Fib in July and has now 1st touched the...
Looking at the 4-hour time frame of Bitcoin we see that it has been consistently creating higher lows since finding bottom on July 21st. Over the course of this month, BTC has knocked through every resistance level & the uptrend, and is now heading towards $51,689 and above. Bitcoin has already painted the bottom wick on the weekly candlestick, it has the...
Quick update on my previous Bitcoin Dominance chart from earlier this year, looking at the weekly time frame. The start of 2021 we saw BTC.D topped out at 70.21% and consistently fell until the market crashed in April - May. The Dominance % bounced off 44% and slowly started creeping back up. A major key in analyzing this trend was seeing that the dominance...
Internet Computer has regained the topside of this channel after bouncing cleanly off of the $58 support level. From here, we just saw 1st touch rejection from the $67 level and will most likely pullback a little bit to $65 before moving up more. ICP looks like its going to regain the $67 as support and close out on top of $70. From this point, the next level of...
Cardano has been in the news a lot recently, garnering support from prominent investors across the board, with big institutions like Grayscale Digital Assets buying a decent amount of the supply; all patiently waiting for the smart contract upgrade / update. Around ~70% of the network is currently being staked making passive income, which is a higher % than...
Ethereum Classic looks just like the leading coins in terms of chart patterns. ETC wants to take another run up towards its local high just like other big projects are doing right now such as ADA, SOL. ADA is coming up towards $2.30 and SOL is heading upwards to $55. ETC bottomed out along the $38 level which was the swing high found in April right before the...
Looking at the 4-hour time frame we can see that Bitcoin rejected off of the resistance level at $44,854 and is heading back down going into the new weekly candle. Bitcoin looks like its going to paint the bottom wick of the new weekly candle around $40,707 - $41,337 before going back upwards again. This is a 1st touch rejection and does not mean the bull run /...