Litecoin - Reversal Zones $$Similarly to Bitcoin, Litecoin dropped hard. We can see from that chart that once price broke the major trendline and the 100EMA, it gave us a nice retest before dropping further. We can continue to look for shorts until we create a bottom. From the bigger timeframe, the 2 main areas to look for reversal is the $95 and $67.
Altsignals
Litecoin - Reversal Zones $$Similarly to Bitcoin, Litecoin dropped hard. We can see from that chart that once price broke the major trendline and the 100EMA, it gave us a nice retest before dropping further. We can continue to look for shorts until we create a bottom. From the bigger timeframe, the 2 main areas to look for reversal is the $95 and $67.
BTC CHINA NEWS - Whats next?Following our last analysis on Bitcoin, we were expecting a break or bounce scenario from the $42K level which we pointed out. Price retested that zone perfectly and on it's way lower. The question we need to ask is where will Bitcoin stop?
From a technical standpoint, the 2 areas of interests are $30K level where we had a massive breakout end of January 2021; and the $18K-$20K area where we have the major ascending trendline and previous structure (See chart update for higher timeframe analysis).
BTC CHINA NEWS - Whats next?Following our last analysis on Bitcoin, we were expecting a break or bounce scenario from the $42K level which we pointed out. Price retested that zone perfectly and on it's way lower. The question we need to ask is where will Bitcoin stop?
From a technical standpoint, the 2 areas of interests are $30K level where we had a massive breakout end of January 2021; and the $18K-$20K area where we have the major ascending trendline and previous structure (See chart update for higher timeframe analysis).
BITCOIN - The Future Of Bitcoin Hinges On $40k - $42KAfter the huge move down recently, we are now at a pivotal point for Bitcoin. The important price to watch is the $40K - $42K level where we had previous structure and the 200EM and the 100EMA.
If we see any ascending correction on the smaller timeframe, we can assume that the bearish leg is not yet over. However, if we do break the level indicated impulsively, we can watch for bull flags or a retest to take Bitcoin higher.
BITCOIN - The Future Of Bitcoin Hinges On $40k - $42KAfter the huge move down recently, we are now at a pivotal point for Bitcoin. The important price to watch is the $40K - $42K level where we had previous structure and the 200EM and the 100EMA.
If we see any ascending correction on the smaller timeframe, we can assume that the bearish leg is not yet over. However, if we do break the level indicated impulsively, we can watch for bull flags or a retest to take Bitcoin higher.
XRP - Is This The End? 💀Recently all crypto took a hit due to various reasons, one of which being Elon's manic tweeting! Although the fundamentals have given the crypto market a big blow, there is still hope! This could be seen as a deeper correction where we can buy at a discount price.
For XRP, we have seen a very large wick to the downside where we tagged previous structure. On lower timeframe, it still looks bearish and it is likely that price will fill that wick. Will monitor closely and wait for the wick to be filled.
XRP - Is This The End? 💀Recently all crypto took a hit due to various reasons, one of which being Elon's manic tweeting! Although the fundamentals have given the crypto market a big blow, there is still hope! This could be seen as a deeper correction where we can buy at a discount price.
For XRP, we have seen a very large wick to the downside where we tagged previous structure. On lower timeframe, it still looks bearish and it is likely that price will fill that wick. Will monitor closely and wait for the wick to be filled.
ADAUSDT - Ready For The Next Move 📈Cardano is fast approaching 2 major areas of interest where we can look for buys.
First area:
- Inner trendline support
- Previous Structure
Second Area:
- Major trendline
- 200EMA Support
Watch for buying pressure near the inner trendline. If price breaks the inner trendline, the next best place to buy would be on the bounce of the major trendline.
ADAUSDT - Ready For The Next Move 📈Cardano is fast approaching 2 major areas of interest where we can look for buys.
First area:
- Inner trendline support
- Previous Structure
Second Area:
- Major trendline
- 200EMA Support
Watch for buying pressure near the inner trendline. If price breaks the inner trendline, the next best place to buy would be on the bounce of the major trendline.
LINKUSDT - Confluences Linking Together 🔗Price approaching an area where we have multiple confluences:
- 100EMA Support
- 78.6 Fibonacci
- Trendline Support
- Structure
Wait for buying pressure on smaller timeframe near the 78.6 fibonacci.
Safe entry would be after the break of the descending trendline.
LINKUSDT - Confluences Linking Together 🔗Price approaching an area where we have multiple confluences:
- 100EMA Support
- 78.6 Fibonacci
- Trendline Support
- Structure
Wait for buying pressure on smaller timeframe near the 78.6 fibonacci.
Safe entry would be after the break of the descending trendline.
TRON - 2 High Value Areas 🌟Tron is approaching 2 high value areas to buy.
1st Area:
- 100EMA
- Flat Triangle Support
- Previous Structure
2nd Area:
- 200EMA Support
- Major Trendline Support
Will monitor closely to see what area the buyers come in. A safe approach would be to wait for the descending trendline to break before entering.
TRON - 2 High Value Areas 🌟Tron is approaching 2 high value areas to buy.
1st Area:
- 100EMA
- Flat Triangle Support
- Previous Structure
2nd Area:
- 200EMA Support
- Major Trendline Support
Will monitor closely to see what area the buyers come in. A safe approach would be to wait for the descending trendline to break before entering.
Ripple - Breakout Imminent! ⌛Ripple appears to be in a major bullish triangle and will be breaking out soon. Historically, both Bitcoin and Ripple move together and as we are looking to buy Bitcoin, we are also looking for buying opportunities for Ripple. The safe entry would be at either extremes of the Bullish Triangle - If at the bottom, buy on bounce. If price breaks out of the bullish triangle, buy on retest.
Things are shaping up nicely for the next big move!
Ripple - Breakout Imminent! ⌛Ripple appears to be in a major bullish triangle and will be breaking out soon. Historically, both Bitcoin and Ripple move together and as we are looking to buy Bitcoin, we are also looking for buying opportunities for Ripple. The safe entry would be at either extremes of the Bullish Triangle - If at the bottom, buy on bounce. If price breaks out of the bullish triangle, buy on retest.
Things are shaping up nicely for the next big move!
ETHEREUM - Refuelling Period... 🕒 Ethereum had a really nice bull run. As with all big momentum moves, price needs to correct to collect more orders before resuming its trend. In our previous analysis, we posted both a short and long scalp idea which played out perfectly!
From the chart can see that the 0.5 fibonacci lines up with a previous level where price reacted heavily. It could be that there are a number of orders awaiting there which price needs to collect before moving up.
Watch for bears to start weakening and for buyers to come in at the 0.5 fibonacci level.
ETHEREUM - Refuelling Period... 🕒 Ethereum had a really nice bull run. As with all big momentum moves, price needs to correct to collect more orders before resuming its trend. In our previous analysis, we posted both a short and long scalp idea which played out perfectly!
From the chart can see that the 0.5 fibonacci lines up with a previous level where price reacted heavily. It could be that there are a number of orders awaiting there which price needs to collect before moving up.
Watch for bears to start weakening and for buyers to come in at the 0.5 fibonacci level.
SHIBUSDT - The NEXT Dogecoin?? 😱The Shiba token can remain under a penny and still outperform Dogecoin in the long term according to its founders. We are currently at the very bottom of price. Buying it anywhere here could possibly make a fortune if this turns out anything like Dogecoin!
Watching closely for a breakout to indicate a momentum to the upside.
SHIBUSDT - The NEXT Dogecoin?? 😱The Shiba token can remain under a penny and still outperform Dogecoin in the long term according to its founders. We are currently at the very bottom of price. Buying it anywhere here could possibly make a fortune if this turns out anything like Dogecoin!
Watching closely for a breakout to indicate a momentum to the upside.
BITCOIN - Lining Up PERFECTLY For The Next BIG impulse! 🔥 🚀 In our previous analysis, we spotted the ABC corrective wave back to the major 61.8 fibonacci.
There are multiple confluences around the $42.5K level, which are:
1) 61.8 fibonacci
2) Previous Structure
3) -27 fibonacci of the ABC corrective wave
4) 200EMA Support
5) Major trendline support
A lot of confluences, which would make the $42.5K area the best place to watch to buy Bitcoin .
An important thing to note is that we are currently testing the weekly 21EMA, which we might reject here and move up.
BITCOIN - Lining Up PERFECTLY For The Next BIG Impulse! 🔥 🚀 In our previous analysis, we spotted the ABC corrective wave back to the major 61.8 fibonacci.
There are multiple confluences around the $42.5K level, which are:
1) 61.8 fibonacci
2) Previous Structure
3) -27 fibonacci of the ABC corrective wave
4) 200EMA Support
5) Major trendline support
A lot of confluences, which would make the $42.5K area the best place to watch to buy Bitcoin.
An important thing to note is that we are currently testing the weekly 21EMA, which we might reject here and move up.