Bitcoin did end up catching 33k support as the bottom. We didn't see a touch of 27k or something crazy like 24k or sub 20k. From here, looking at the 4-hour of BTC it looks like this was the bottom painted here after wicking 33k for a 2nd time, along this rising channel around the $36-37k zone heading upwards to 40k and beyond. The next major move for Bitcoin...
Looking at the 4-hour time frame of Ethereum we can see that we're currently trending inside of an ascending triangle and we're just waiting for that imminent breakout to the upside. ETH is bouncing around that 1.618 Fib level around the $2700 level heading long towards $3000 and above. The top resistance of the ascending triangle is placed at $2910 and once ETH...
The ETH/BTC ratio is almost complete, looking at the daily time frame it looks like Ethereum is on track to continue out performing Bitcoin and reach the TP3 level placed at 0.10 BTC per ETH. What I mean by cycle complete is that this red distribution zone marked out on my chart is the exact same level that ETH hit in 2017 twice during altcoin season. This is an...
Looking at the 4-hour time frame of Bitcoin we can see that the dump looks like its over and that it caught support along the $33k level until it eventually evened out along $37,000. From here, i'm expecting another week or so in accumulation in this same range underneath the 1.618 Fib level until Bitcoin breaks out to the topside and wicks $57,000 again and...
Looking at Litecoin on the 4-hour time frame we can see that its found its potential bottom and has stopped falling downwards. The falling knife bottomed out at the $121 - $124 level of accumulation / support and eventually found its sustaining support along the $171 - $183 level along the 2-year valley created back in 2018. From here, it looks like Litecoin is...
Looking at ETH on the 4-hour time frame it looks like its double bottomed out and is now looking to reverse back upwards. The start of the uptrend was created the last week of April going into May at $2,300 without a single pullback from the $2,100 area. This was very overbought and was gearing up towards a brutal crash. From this move upwards though, ETH formed...
XRPUSD has posted up a double bottom on the 12-hour time frame along the 2018 swing high level which is acting as support. From here and going into June and July, I see a period of continued consolidation as the markets cool off and the FUD narrative stops spreading around. I also believe that around the time ETH has the EIP-1559 fix, XRP is going to beat their...
Looking at the Bitcoin chart on the 12-hour time frame we can see that Bitcoin caught support @ 33k along several support lines and this upwards channel. Now it looks like BTC is going to consolidate around the $36,000 area until it closes over $39,696 - $41,337 and starts to head in a more bullish direction. The fear/greed index bottomed out at 8/100 and that's...
LINK bottomed out around the $19 level and broke out of this downtrend only now heading up. If you would've bought the bottom at $15 you're up over 100% right now. LINK is regaining its ground after the crash last week and is currently testing the Jan 2021 high price. At daily close it looks like LINK is going to pull back and create the bottom wick of the daily...
Litecoin bottomed out at $124 after scam wicking and quickly recovering back above the 2-year valley at $171. From here, Litecoin looks like its going to regain this upwards channel and the 2018 high at $218 and continue its path upwards. The next targets moving forward for LTC are: TP1 🎯 $218.80 TP2 🎯 $262 TP3 🎯 $285.31 TP4 🎯 $312.78 Once LTC comes up and...
Looking at the 4-hour time frame of Ethereum we see that the falling knife is over and we caught bottom against the 1.0 Fib level placed at $2,022. From here we only saw ETH under $2,000 for a very brief period and now we're bouncing back up. ETH is attempting to regain this upwards channel and breakout of this downtrend going into June. The monthly candle for...
This rising wedge is an indication of exhaustion and could lead to our initial short target of $29,000 Refer to the previous read Easy Loot | Charts Plus
Looking at the weekly time frame of XRP to the BTC ratio we see the start of the uptrend at 1527 sats and the 2842 level as the accumulation zone that XRP/BTC has been in for over 3 years now. At the end of 2017 going into 2018, XRP popped off in 28 days and it'd be no stranger if the same pattern happened again now in 2021. At the moment, XRP is trending around...
The Bitcoin Dominance ratio has been falling under our noses this year starting from the peak at 72.04% during the 1st week of the year, the week of Bitcoin's birthday. From this point, the entirety of 2021 has been Bitcoin losing its dominance to ETH and BNB to what appears to be Binance Coin mimicking what Ethereum did in 2017 with the ERC20 tokens but a bit...
Could get dumpy if we don't pop up and break out from this downtrend soon... Entry: $41400 Stop: $42850 Targets: $34780, $29,000 Easy Loot | Charts + Nothing you see is a recommendation, strictly for educational purposes only. Always do your own DD before making an investment.
Zoom out. Ethereum has hit its local high for the time being going into the summer at $4,300 and now what we're seeing is a capitulation sell off. Ethereum looks like its bottomed out here with the scam wick down to $1,800 with the bottom averaging zone around $2,500 - $2,700, I believe there's going to be a slow reversal and that reversal is going to take about a...
Ethereum topped out right around $4200 and is now a falling knife coming back down. You know the saying "what comes up must come down" and that quote couldn't apply more to this situation. ETH has a 4H support level at $3431 that doesn't look like its going to hold so I believe its going to come down to touch at least the topside of this channel at $3200, but I...
Bitcoin made a local high at $64,581 and now is definitely coming down. Bitcoin caught support at $47,000 and at the moment it is holding but I don't think this support will be sustainable and I see Bitcoin coming back down to the $41,337 level which is the 1.618 Fib. If we form a new lower low on close, the 77k chart play is invalidated for the time being and...