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...
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...
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...
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...
Binance Coin, Binance Smart Chain, and the exchange Binance itself has had quite the news headlines this year; from BSC recording an astronomical growth in users on chain, to regulatory compliance by the exchange, to CZ Binance stepping down from the CEO role. Binance Coin peaked a little over $676 earlier this year in May when the hype for NFTs and BSC-20 tokens...
Yes, I understand that we've been gaining the past 11 days in a row. However, take a look at the previous pattern back in Feb - March right before the pump up to $4000 during the NFT craze. From that double bottom pattern, we saw a bounce off the $1576 level all the way up to $4,300 and then came back down after that. At the moment, ETH came back down from that...
Hey traders, Bitcoin for the past 2 months has been stagnant and consistently creating higher lows since printing the local high at $64,581 back in the middle of April. Now for the first time since, we are seeing higher lows being printed as well as a full reversal in the sentiment & candles back to the upside. The greed index is coming back where people are...
Taking a look at MKR on the daily time frame we can see that it is currently testing even with the February 2021 swing high level placed at the $2696 - $2837 zone. During the last week of June and going into the start of this month, all the top cryptos sold off a bit to stop out the over-leveraged longs before moving back up. The bull run isn't over, it's just a...
Good afternoon / evening traders! This is my 1st update in 10 days, this current market sentiment is difficult to navigate around in. There's just a lot going on in the cryptoverse right now with China banning Bitcoin miners on one side of the spectrum, and entire countries like El Salvador accepting the 'magic internet money' on the other side. In saying this,...
Looking at the daily time frame of Binance Coin we can see that after the crash in May from the local high of $676, it found a bottom at $333 (Feb 2021 Swing High). The absolute bottom was the $258 level, which is the bottom of this accumulation zone and interesting enough we didn't see a single daily candle close below $258 which is a sign of very bullish...
Looking at the 12-hour time frame of XRP we can see that its bottomed out and accumulating along the 2018 swing high at 0.89999. At the moment, XRP is inside this wedge and looking to breakout or at least wick the topside trend around 1.32. My targets moving forward if XRP continues to hold this 2018 swing high at 0.89999 are: TP1 🎯 $1 TP2 🎯 $1.09030 TP3 🎯...
Looking at the 12-hour time frame of Litecoin, i'm seeing a clear bottom out along $171 (2-year valley support created in 2017). At the moment, LTC is accumulating in the $171 - $183 zone and will continue accumulating in that zone until it moves back up. My targets moving forward after Litecoin finds a stable support above $183 are: TP1 🎯 $194.75 TP2 🎯...
Looking at the 12-hour time frame of Ethereum we see that it bottomed out along the 1.0 Fib level, similar to Bitcoin along what would be the 33k level, respectively. Moving forward, we're going to continue slowly accumulating and rising back upwards through the summer until we reach new highs later in the summer. At the moment, ETH is holding this ascending...