Looking at the price of Bitcoin on the daily time frame we can see that after the falling knife down to $47,000, BTC caught support there and bounced back up to $58,000. From here i'm expecting Bitcoin to continue this reversal upwards to the 3.618 and 4.236 Fib level. I believe that we're going to see an altcoin season but that doesn't mean that Bitcoin can't...
Setting up for a mega pump if we can hold all three retests on both the daily and 4 hr close. This will be Easy Loot Entry: $16 Stop: $15.47 First Target $16.97 Second Target $19.87 DCJ
Looking at the 2-hour time frame of XRP we can see that Ripple has formed a valley created at $1.90 and found a bottom of the monthly support at 0.8999 before it reversed back upwards. XRP closed out this smaller valley inside of the valley at $1.32 and has gained that as a level of support. Going forward, XRP has wicked the $1.44 level and gained that as...
Looking at the 2-hour time frame of Litecoin we can see that LTC is in a valley formed at $285 last month. From here, Litecoin found its bottom at the 2018 High for a retest of the $218 level. Now Litecoin just regained the weekly resistance as support at $262, already backtested once, and now it looks like it wants to come up and hit $285. After Litecoin gains...
Looking at the 2-hour time frame of Bitcoin we can see that it has bottomed out at the $47,410 level from where it caught support after falling down from the local high formed at $64,581 which also created the start of this valley. From here, Bitcoin regained this uptrend and hit our $55,218 TP level. Now i'm expecting Bitcoin to continue this path upwards and...
Just like Bitcoin and Ethereum as well as the other top crypts by market cap, Litecoin looks like its found its potential bottom along the 2018 high level placed at $218 There is a very long term uptrend channel that has been respected for a long time and on this dip I believe this trend will hold. At the moment, LTC formed a hammer candle along the $218 level...
Weekly candle just closed on ETH and painted the bottom of the weekly at $2189 earlier today with that hammer candle on the daily. ETH regained the longer term upwards channel and looks like tis going to continue running now after regaining multiple levels of resistance turned support. Expect an obvious retest of the $2400 level before moving back up as people...
Bitcoin just closed its weekly candle and painted the bottom of what looks like is going to be the weekly at $47,000. From here, Bitcoin looks like it caught support at that $47,000 level and is trying to reverse pwards to retest this downtrend around $54,000 before making another decision. Above the $51,689 level we should see a retest of the $55,218 level for...
Quick update on the Grayscale ETHE chart looking at the daily time frame we can see that the price just broke out after the 3rd touch last week and looks like its headed towards the pre-split bottom at $28 - $31. I haven't done an update on this ETF since the split at the end of the year and after the price 2nd touched this downtrend. From here, we saw the bounce...
Looking at the 3-Day chart of the Bitcoin Dominance ratio spanning from the altcoin season of 2017 to now, it looks like history could repeat itself for a 2021 altcoin season. The ratio topped out at 72.04% back in Sept. 6th, 2019 and then retested that same level and couldn't break through it at the end of 2020 going into 2021. From here, the dominance has done...
Pretty simple chart, 3 TP levels placed at swing highs created from the previous altcoin season in 2017 - early 2018. Bottom is 0.016296 and was created on Sept. 6th, 2019. This was also the same date that the BTC.D ratio topped out at 72.04% and has been falling ever since. Since that day, the ETH/BTC ratio has been slowly gaining in sat value, although it did...
BTC hit a new local high around $65,000 before falling off due to scares across the market. The Biden imposed wealth tax for capital gains hit Bitcoin heavy with the fear of the cap gains tax rate hiking all the way up to 39% from 20% where it stands right now, almost a 2x increase. At the moment, Bitcoin looks like its still in a falling knife trying to find its...
The time is here XRP season All these levels are marked out from 2017-2018 bull run high 🚀 TP1 🎯 $2.05 TP2 🎯 $2.48 TP3 🎯 $2.76 TP4 🎯 $3 Save your money, create that generational wealth
Quick update on the price of Litecoin looking at the 4-hour time frame we can see that LTC just recently regained the $262 weekly level that hasn't been hit since early 2018 after the 2017 ATH around $380. It is obvious now that Litecoin is in a bullish swing upwards and I believe that this run is going to continue all the way up to $312 and beyond. Longer Term...
Quick update on the price of Ethereum, looking at the 4-hour time frame we can see that it just made higher highs for the 1st time successfully since the end of February. At the start of this month, ETH soared up from the bounce off the 2017 ATH going up to the $2,022 (1.0 Fib) level where it found its most recent level of support. ETH regained this upwards...
This is the first Bitcoin chart i've posted this month because there really isn't too much of an update since my last post calling the next target $68,000 but would like to update the chart a bit as there are more candles now to dissect. Looking at the 4-hour time frame we see that Bitcoin has reversed off of these higher lows and broke out of the downtrend...
Hi, traders! Today we gonna speak about the potential scenario of Bitcoin. Have a look at the plot. As you see, the price has built triangle pattern. Price consolidates near 0.618 (60125$) Fibonacci level. Moreover, it has found support on this level. It’s very powerful signal of bears’ weakness. That’s why we have two scenarios. Let’s talk about them.
Looking at the 12-hour chart of ETH we can see the full picture of the 2021 trading year. On the most recent dump down, you can see that Ethereum bounced off of the $1594 level (2017 ATH) and has been soaring upwards since. First breaking through $1784 as well as regaining the valley to hit the next take profit level at $2022, otherwise known as the local high...