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 4-hour time frame of Ethereum, we see see flat price action for the past month. The price has been floating over this 1645 level that hasnt been retested, but neither has $1284 on that March low. Just like the banking contagion in May, i’m expecting some upside because the crypto markets really liked the banks failing. There’s the downside...
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 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...
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 SNAP on the weekly time frame, I kept a basic chart with only one support & resistance zone as well as one indicator that is mine, the cycle bottom indicator. We can see in the 2019-2021 cycle that we created this move from $7.05, which is marked as the bottom level in the accumulation zone with $9.20 being the top level, where the price is currently...
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...
Dfinity’s Internet Computer (ICP) has been featured on crypto news websites more as of recently, especially after the FTX crash. There’s been rumors that they manipulated the price action of this coin because they were scared of the public finding out about its groundbreaking technology. The truth can only stay hidden for so long, it’s only a matter of time before...
Looking at the 2-day chart of Bitcoin moving into the month of February, we can see major similarities between Summer 2021 bear market / correction & this most recent Crypto Winter. Both market corrections sold off about ~50% of their market capitalization, followed by a little over a month of accumulation / consolidation around their respective higher low...
Quick update from my previous idea earlier this week, looking at the daily time frame of Ethereum and zooming out a bit from the 4-hour, we can see Ethereum has lost its support at the $3,500-$3,600 area and is now trading along support at the $3,431 level. From here, i’m expecting Ethereum to follow Bitcoin’s movements, however, base case am expecting for...
Quick update from my previous idea, I shouldn’t have used the words bottom that was improper wording and wish I could’ve rephrased that. Anyways, looking at the daily time frame of Bitcoin and zooming out a bit, we can see that BTC has lost support at the $43,850 - $44,854 area and is now trading inside of this downtrend again. From here, i’m expecting Bitcoin...
Looking at the chart of Binance Coin on the 4-hour time frame we can see that it is currently ahead of Bitcoin & Ethereum in terms of market movements, and is sitting above its level of support that the other coins are currently trying to break free from. Binance Coin also regained this long-term uptrend in the bullish channel, which indicates that the bull...
Looking at the chart of Ethereum on the 4-hour time frame we can see that Ethereum is fighting to regain the 2.618 Fib level as support, similar to Bitcoin trying to regain the $47,410 level. This chart has been difficult to read for the past month, but seems to be a clearer picture now with what they're trying to do and that is accumulation. They're stopping out...