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BCH Laddering Up to $420+Heres a quick BCH read for the BCH fans out there your gonna love this!! +On the 4 hour we can see multiple attempts at the level $368 but here why I think we will break this time and ladder up to test new resistances. +As you can see here I've identified BCH current valley it is facing. +BCH is coming close and close to the top of this valley as respecting the bottom part of the valley very well only wicking and testing it and now closing below + On the 15 Min TF we can actually see a wedge that was formed with the level $343-$349 as supports. +Breaking this Fractal Wedge will allow BCH to ladder up or Possible even explode to my TP +1st TP $386📊 +2nd TP $402📊 +3rd TP $420📊
Long
by ThawonP
ETHUSD $788 LONG TargetETH has consistently been making higher lows on every single dip and finally bottomed out at $556 before turning $600 resistance into support. $600 - $617 was the prime buy-in accumulation zone before taking off to hit the $669 - $687 sell-off distribution zone. From here the price of Ethereum already 1st touched $713 resistance and backtested both the $669 - $687 levels. These two levels have turned into support now and backtesting both levels only gave confirmation to continue the move upwards. Going into the weekly close in about an hour, if ETH can hold above $670 and even reach $687 then it's looking great going into the next week and the rest of the year going into 2021. I'm expecting some consolidation around the $669 - $687 range before moving back up and that's where I have my buy orders placed. This area of distribution turned into support (green). Here are my sell targets going long to close out the 3-year valley created at the $788 level TP1 🎯 $713 TP2 🎯 $755 TP3 🎯 $788 Everybody knows that Bitcoin reached its all time high price this month, and ETH looks like it's on its way there too. This time around as opposed to 2017, instead of horrible ICO's with no real value and 'cryptokitties' clogging up the network; now in 2020 we have successful DeFi projects, $15B locked in DeFi, ETH 2.0 being able to stake your coins with $1.5B locked in staking. The best is yet to come!
KRAKEN:ETHUSDLong
by kyer
10
RSR Bullish Movement+RSR is coming towards and wedge and has created level adaption on $.016 +on the 12 hour we can even see some Accumlation between the levels of $.016 and $.2 +After its second attempt of trying to break this downtrend(white level) it came right back to its support at .016 and started its next ladder up and now seems to be adapting $.018 a residential now hopefully turned support. On the 1 hour TF we can actually see 4 days of accumlation between the levels of $.016 and $.018 + Before grabbing my long I would like to see some Level adaption at $.018 +Creating Level adaption here would allow RSR to ladder up to my TP's +TP 1 $.022📊 +TP 2 $.024📊 Thanks for Reading my TA on RSR have a great day
Long
by ThawonP
BTCUSD $30,838 LONG TargetBitcoin has almost completed its Fib Extension cycle and will complete it when it hits a $30,000 , more specifically $30838. I don't normally use Fibs, actually this Fib Extension was my first time properly using it, but it does the trick for sure. Every line drawn out beyond the previous ATH has hit to a Tee and been well respected in terms of support & resistance. After BTC hit 27k, we saw it tap 28k for a brief moment and then dump back down underneath the 0.786 Fib level to not get a single candle close over it. From here, I was expecting BTC to retouch 25k before moving back up but we may not see that at this point. Bitcoin looks like its gearing up for another move upwards & will make a decision very soon where it wants to go, most likely in the next few 4-hour candles if not the next one. The next target I have for my take profits on LONG for BTC is TP1 🎯 $30,000 TP2 🎯 $30,838 (1.0 Completing Fib Extension) Also the stimulus checks are coming, the Donald just signed them in tonight to avert a government shutdown on Tuesday. Let's take a step back and realize that the 1st time we got the stimulus checks on April 18th, Bitcoin passed $10,000 for the 1st time since the 2019 summer bull run high. This time around, history is repeating itself but Bitcoin will print to $30,000 from 'this news'. I want to say the news but fundamentals line up perfectly corresponding to technical analysis. Let me know your thoughts, cheers traders
BITSTAMP:BTCUSDLong
by kyer
10
LTCUSD $160 LONG TargetHey traders, From the most recent LTC read signaled from $99.50, the price of LTC hit all the take profit levels and wicked the previous 2019 high level of $136. We didn't ever see a close above this level which is a bit concerning, but I don't believe the bullish momentum for Litecoin is over just yet. However, if BTC pulls back a bit to 25k then we could see another retest of the $114 level of support before moving back up. This would still create a higher high and keep the bullish momentum alive. Of course there is going to be a pullback after matching par with the 2019 high, people are taking profits and you should plan around that accordingly. If BTC continues to consolidate or even push a bit higher and Litecoin can close over $136 then these take profit levels are valid going into the new year: TP1 🎯$145 TP2 🎯$159 TP3 🎯$171 TP4 🎯$183 If this move starts to fall, it's coming back down to $114
KRAKEN:LTCUSDLong
by kyer
12
Chainlink Will it PUMP OR DUMP?+Chainlink Today had a great run +When I woke up this morning I saw Link was up16% but slowly started pulling back as we faced/created another downtrend (Purple Level) + In the last bleed Link had it came down to $9.89 and then we started seeing some level adaption around $10.6 +The Green Level is a resistance now turned support $12.3 + Creating level adaption at $12.3 would allow Link to break the purple downtrend and start to ladder up. +Don't try to be a hero and catch a falling knife especially if your new to trading sometimes its best to just gives the charts time. +If Link can break we will later up to my TP's 1st TP $13.86📊 2nd TP $16.09📊
COINBASE:LINKUSDLong
by ThawonP
ADA BULLISH BREAKOUT+ADA facing another attempt on its 4 year valley .$169 +After its first attempt on this valley we saw a major pullback 35% and closing right above $.13 support +Since then it has created a accumulation zone and I have identified a bullish trend line that was stared on the 16th. +We can see it has tested this level 3 times confirming it as a official bullish trend. + on the daily we can see we are also coming to and end this wedge. Breaking this wedge and breaking the 2 year valley would allow ADA to Hit new resistances. +Only time will tell with this one because ADA hasn't made much movement in the past so im not betting big on this postion. 1st TP $.18 📊 2nd TP $.2📊
Long
by ThawonP
5
ETH When To RE-Entry+Woke up this morning to a nice pump on ETH and many other ALTS +If you missed this pump no worries because there are many more to come. + On this most recent pump ETH break through 2 resistances and wicked $714 to a T +Lets remember the rule of First Touch rejection. +This is the first time ETH broke 700+ in 2 years. and Also first touch on $714 so a pullback should've been expected.(RIP the noobs who bought the peak) +My first re-entry is $661 now I don't think this is the bottom but im going for a scalp on this one. +My Second Re-entry is $636 this is also where the bullish trend line will meet. +ETH reversal after this is going to moon this the last shakeout before we see 1k+ hope your ready for the pump!!
COINBASE:ETHUSDLong
by ThawonP
2
BTCUSD $25,536 LONG TargetAt the moment, Bitcoin is experiencing some minor turbulence as its flying on its path towards $25,000 and beyond. As we all know, there is no support / resistance level to base my TP or pullback targets on, so I have to resort to using Fibonacci levels. BTC is facing resistance along the 0.5 Fib level at $23671 and I think will continue to do so for the rest of the year, but going long into 2021 is a great play. In the next year I believe BTC will reach $25,000 and above however after pushing up and up it needs time to cool off and collect itself. You can visibly see the 0.382 Fib level @ $21980 wicking to a Tee (where I bought in), so this means that these Fib levels are 100% accurate acting as support & resistance levels. Saying this, after this period of consolidation i'm expecting Bitcoin to hit 0.618 Fib level @ $25,536 and from there we will re-evaluate. Chances are from there that it's going to continue soaring upwards towards the 0.786 Fib @ $27771 and then eventually $30,000 to complete the Fib Extension. Cheers traders and Happy Holidays!
BITSTAMP:BTCUSDLong
by kyer
6
XMRUSD $174 LONG TargetLooking at the chart of Monero on the daily timeframe we can see that it’s in an obvious bullish momentum. Since September, XMR has consistently been rising in price after bottoming out at $86 along the monthly support. From here, the price gained $130 & $148 as support (both previously TP levels in my most recent XMR read) and has 1st touch rejected off of $165 monthly. Now it’s got the momentum again to push higher beyond $165 and here are my TP’s for heading long TP1 🎯 $165.41 TP2 🎯 $174.54
BITFINEX:XMRUSDLong
by kyer
4
LTCUSD $136 LONG TargetAdding onto the weekly analysis I did on Litecoin, we're looking here at the 12-hour chart where LTC broke out of this 2-year long downtrend. 2-years... that's like 10 in the crypto space. Anyways, LTC already 1st touch rejected off of $114 and bounced off of $99.50 Now the next target is $136.38 On the 4-hour it looks like LTC is in a bullish flag pattern just patiently waiting to breakout. If somehow BTC starts tanking then Litecoin will wick the topside of this downtrend it broke out of last week.
KRAKEN:LTCUSDLong
by kyer
19
ETHUSD $600 Resistance Turned SupportTo start things off, I want to wish y'all from wherever you may be reading this happy holidays! After this week's crazy news, ETH came back down and wicked $556 monthly support. I can safely say that I didn't expect this to hit, although now I know the reason why this had to happen. Now with the close of the body of the candle above this respected uptrend, this signals bullish momentum in the markets. If you take a look at the entirety of this chart, since $470, ETH has been creating higher highs on every dip back down. From the November 25th drop down from $601 to $498, ETH made a higher high than $470. From the December 10th drop down from $601 to $540, ETH made a higher high than $498. From the December 23rd drop down from $670 to $556, ETH made a higher high than $540. Right now, it looks like ETH is holding this uptrend and seems to be on the verge of a breakout to the upside. I'm expecting this weekend to consolidate around $601 - $617, giving us a perfect entry target at $601.99 before moving up and hitting our TP's going long. TP1 🎯 $617 TP2 🎯 $623 TP3 🎯 $636 TP4 🎯 $670 TP5 🎯 $687 $670 is the monthly resistance level that is holding back the price of ETH, and I believe now that it's already been 1st touch rejected, it has a greater possibility of breaking through and going long towards $700+
KRAKEN:ETHUSDLong
by kyer
22
ETHUSD Reversing Off of $600 LevelThe top three cryptos: BTC, ETH, and XRP are today's topic of discussion after the SEC dropped the XRP news. Everyone on Twitter is picking each other apart and calling each other names, with the instigator being none other than Brad himself trying to front run the SEC lawsuit news. Vitalik responded to this by calling XRP a sh!tcoin which I thought was pretty funny for someone of his status, basically the top dawg in crypto space beefing with the other top dawg. Anyways, my previous ETH analysis where I called the reversal to $600 hit and bounced off of there. After not closing above the monthly resistance at $670, the price came back down to $601 monthly support and now has found $617, $623, and now trying to close over $636 as support before it heads back to $670 monthly resistance. To all my Spot traders, this is a beautiful long (best at $601 called previously) heading towards $670 - $687 target. To all my Futures traders, i'd wait for a perfect entry along $601 or even hugging along this trendline before it goes long. I don't think it's going to reverse right away, it'll take a few days but it's in the process of reversing. Thanks for all your continued support traders!
KRAKEN:ETHUSDLong
by kyer
10
XRPUSD Lawsuit by SEC, What does this mean?Ripple, one of the world's most valuable cryptocurrency companies, on Monday disclosed that the SEC plans to sue the company, it's CEO and its executive chairman for allegedly selling unlicensed securities. Ripple the company owns about 55B of the 100B circulating supply of XRP and would not pass the Howey Test. The Howey Test is a SEC case dating back all the way to 1946 where the Supreme Court ruled and created a test to determine whether an instrument qualifies as an "investment contract" for the purposes of the Securities Act: "a contract, transaction or scheme whereby a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party." If you invest in XRP you're investing in the company Ripple and are expecting profits solely from the efforts of the company, XRP should be deemed a security in the US, it doesn't pass the Howey Test. How are BTC and ETH not securities? Bitcoin and Ethereum are both non-profit organizations that their cryptocurrencies aren't directly tied to a company or specific individual owners. BTC & ETH are also both hosted on their own decentralized blockchains where there isn't an owner and its open-source to the public. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. RippleNet is run by Ripple, while the XRP ledger is open-source but not hosted on a blockchain... but RippleNet. This means that Ripple is not a cryptocurrency by definition and will never be, it's a security. The company has threatened to leave the United States due to a lack of regulatory clarity, but now they got their ruling! As a security! So if XRP is actually deemed as a security by the United States, you'll have to have a BD (Broker-Dealer) in order to trade the security. That is going to hurt the wallets of many American holders and the price may see an even sharper decline. You know how hard it is to get a BD? You need to get registered with FINRA and take your Series 7 & 66. Technical Analysis of XRP Usually I say news doesn't affect price and it doesn't. This is still pure technical analysis and at the moment XRP is holding $0.479 monthly support on the daily. From here I can see a relief rally of buyers trying to push the price up back to the $0.51 - $0.53 range before falling down to $0.36 - $0.40. There is monthly support at that range as well as a decently-respected trendline placed around that area that should catch the price from falling lower. I think before greatly moving forward, XRP is going to have to beat this case and drop down to $0.36 - $0.40. I would be beyond shocked if it just straight up reversed from these levels. It's honestly unbelievable seeing the amount of delusion & ignorance to this SEC case, where long-term hodlers are seeing this as a shakeout of weakhands before the big pump... please tell me what company or crypto you know of besides Enron that got sued by the SEC for not only the company engaging in securities fraud, but the top two executives caught as well. Unbelievable. This is the trading competition though, they're making it too easy for me!! I've been holding XRP since 2017 and I gotta say i've been through a lot mentally with this coin, but this case just tipped the boat. 🚣‍♀️ This case permanently damaged the coin's legitimacy and we're about to see another sell off going into this court case, the technicals are lining up for it. Cheers everyone, the best is yet to come!
KRAKEN:XRPUSD
by kyer
27
ETHUSD $600 Re-Entry ZoneEthereum rejected off of the $670 monthly level and pulled back from there, although I was expecting it to at least hit $687 before pulling back. From here, ETH is holding $636 support at the moment with $623 support backing it up. However these supports listed are fractal to the 4-hour, no timeframe higher, so that means the real support for re-entry is $617. The re-entry zone from $601 - $617 is the prime target i'm looking at. ETH could even come back down to $585 - $590 and wick the start of the local uptrend before continuing its move up. It's going to be really interesting watching this coin move throughout the holidays and new year and where we'll reverse from/ Whenever and wherever we reverses from, my targets are still $670 & $687 and if ETH can close over $687 then it's going to $788. Beyond the $687 TP level, $788 would close out the 3-year resistance level that's been holding the price of Ethereum down. Let me know your thoughts Cheers traders kyer
KRAKEN:ETHUSDLong
by kyer
5
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
BITSTAMP:BTCUSDLong
by kyer
7
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
KRAKEN:LTCUSDLong
by kyer
9
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
Long
by kyer
6
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
COINBASE:ETHUSDLong
by ThawonP
3
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
Long
by kyer
3
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
KRAKEN:XRPUSDLong
by kyer
3
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
BITSTAMP:BTCUSDLong
by kyer
5
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
KRAKEN:ETHUSDLong
by kyer
6