Get started

Easyloot

BNB/USD Daily Price Targets — June 2023Hey 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 low. Now, we don’t have anymore capitulation events (that i’m aware of), the US just passed the debt ceiling bill so they aren’t going to default, and all FUD is turning to be a farce. I’m expecting some consolidation around this $293 - $300 level (in this parallel trend) until we inevitably reverse back up towards the Feb 2021 swing high level and above. Unless Binance itself crashes, this coin and the rest of the market, especially Litecoin is getting primed for the halving event and future growth to the upside. If we drop lower and lose $258 somehow, then that’s another story and Binance would be on the loom of the next great financial disaster. Highly unlikely, but possible as all things have a possibility, we need to make our best educated guess. I’m expecting June to be another slow month of selling off until we see that market reversal back up, this should happen in tandem with Litecoin’s event later this summer. As always, please do your own research. This is not financial advice or meant to be in any shape or form, and the chart is meant as art only.
by kyer
BTC/USD Price Targets — May 30th, 2023Hey 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 we're going to see some movement. I believe if we don't see our spike upwards and run a new high this week, we're going to see a slow bleed down back to $26,000 and eventually $24,000 before spiking up and making our third leg up going into the Litecoin halving. The yellow range has not been backtested, but neither has the $19,000 level. Starts of bull markets don't need to backtest levels, otherwise how would they advance up? Litecoin halving should have some effect on the price action as well as couple that with the meme coin craze and you have a cocktail of fresh liquidity. Again, this is a 3% range and is pointless to argue over bull / bear. Just wait for either a retest of $24,000 or a close over $29,000. This is what we like to call no man's land and you will get smoked trying to long / short unless you have a high risk appetite. My personal trades on this move i'm making is that i'm long but only with a quarter of my account. I'm waiting for another liquidity spike down to fill the rest of my account or sell the 25% at around $31-36K, whichever one comes first. I'd say just be patient, markets need time to settle down and cool off before making another leg up. Be creative, look elsewhere for volatility, because it sure isn't here right now. As always please do your own research, I am not a financial advisor and this chart is intended for educational purposes only.
KRAKEN:BTCUSD
by kyer
LTC/USD Approaching the Halvening EventLooking at the weekly time frame of Litecoin as we are approaching the halvening event in September of this year, about 200 days away, this chart is looking eerily similar to the 2018 cycle bottom. We’re going to see a pump upwards to $95-114 prior to the halving event with a pull back around to the area levels that were in now from $80-$84. I believe we’ve seen the bottom for Litecoin at $41 and from here we’ve regained the long term uptrend extending from before the start of the 2017 bull run cycle. So $80-$84 is the accumulation before the breakout and pullback to a very similar structure of what we’ve seen in Litecoin 4 years ago. Also, markets don’t bottom down, they bottom up. Market bottom in the 2018 cycle was almost at the $20 range and the market bottom this cycle was almost touching the $40 level. All in all, this was a 100% increase over the period of 4 years and still a remarkable gain if you managed to get in early. Obviously historical data doesn’t prove future results, but we can sort of use predictive behavior to figure out how this cycle will play out. We’ll see the Litecoin halving later this year which will spark the next bull cycle, following with consolidation all the way up until early 2025 where it will lead the bull run and breakout with Bitcoin following. This will be a solid year of consolidation / accumulation, but definitely able to make some decent profits swing trading on the volatility. If you were to HODL throughout the cycle and up until 2026, i’d expect another 100% flatline increase, otherwise an $80 bottom (floor) at the lowest. As always please do your own research, I am not a financial advisor.
KRAKEN:LTCUSDLong
by kyer
1
ETH/USD 4H Price TargetsLooking 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 potential of ETH retesting 1,645, which would break the current market structure, but if we hold this current level around 1,820, i’m expecting another retest of 1,995, the EQ of this range and a psychological level for Ethereum. This downwards move I believe was the weekly / monthly low being created, and i’m looking now for upside to 1,995 and 2,120. These two targets would complete and reach the top of the range, then we look for our expansion candle outwards to 2,407. As always please do your own research, this is not financial advice.
BITSTAMP:ETHUSDLong
by kyer
Grayscale Ethereum Trust (ETHE) Daily Price TargetsHey 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 and out of the $ 8.78 - $ 9.78 range, and hitting $12.11 as a result of that momentum. Again, this chart basically depends on the spot price of Ethereum, These targets I have marked are where i’m looking to take profits: 🎯 12.11 🎯 13.89 🎯 15.97 As always please do your own research, this is not financial advice.
ELong
by kyer
Coinbase (COIN) Daily Price TargetsHey traders, Looking at the daily time frame of Coinbase (COIN) we can see a setup for another test of $80. May 2022 Bottom with the wick down that created the low we hit at the start of 2023, so that was the switch of direction to the upside or bull market, whatever you want to call it. We aren’t going lower than that point and now we should start looking for upside targets. (it won’t go lower unless the company completely goes upside down) Anyways, we are looking pretty solid here right under the $ 60 support and have great potential to move upwards to $ 80 and possibly above. There’s a gap down from $ 80 that will fill, it’s an inbalance in liquidity and is inefficient. Coinbase is also gearing towards becoming profitable and posted positive earnings last quarter, if they can keep this up with clear crypto & government clarity, Coinbase is looking bright. The $ 145 - $ 150 levels I have marked are the levels that will be tested in this next cycle. So if you’re looking long term, that’s not too shabby to hold. As always please do your own research, this is not financial advice.
NASDAQ:COINLong
by kyer
ICP/USD 12H Price TargetsHey 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 advancing towards $6.37, but we could also go straight there. Next targets after securing $6.37 as support would be the sweep around $7.2 marked in orange, and then $9.43. There really isn’t much sell orders on the books and that’s something to factor into your trade as well. I belive this previous move was just a teaser for the real move up, and the zone of accumulation that we’re in was from $4.88 - $5.59. Everything in between and out of that range was deviation from the accumulation zone. We may just pump to $9.43 on this next wick up, however, we need some sort of momentum to carry the price 100%. ckBTC integration was great, shot the price up tremendously, and we need the same kind of hype with ckEthereum as well as more BTC locked on the ICP chain, garnering momentum from all angles to support the squeeze in price. It’s going to happen one of these days, Cycles are used by developers (a necessary resource) to keep their canisters alive and is native to the ICP chain, tied to the SDR (Special Drawing Rights) currency. Remember to take profits on the way up. As always please do your own research, this is not financial advice.
Long
by kyer
BTC/USD Daily Levels | March 10th, 2023Hey traders, Quick update from my previous Bitcoin read, it looks like the move is playing out exactly how we expected it to and we are on target for $18,155, or the EQ of the accumulation zone marked in green on my chart. We saw the short opportunity at the buy-side manipulation zone and then now we’re seeing the quick drawdown out of the distribution zone and back to equilibrium with a higher low in accumulation. We might see a wick of $16,889 because Binance.US had the low wick there on their pair, which is interesting, could be a foreshadow to what’s about to come. Anyways, really expecting $18,155 to hit, at this point we’ve been calling $19,356 and that’s a given. After the weekly close if we don’t rebalance back up to $20,800, this should play out. All the best!
KRAKEN:BTCUSD
by kyer
2
ETH/USD Daily Levels - March 10th, 2023Hey traders, Quick update from my previous Ethereum read, it looks like the move is playing out exactly how we expected it to and we are on target for $1,287, or the bottom of the accumulation zone marked in green on my chart. We saw the short opportunity at $1,645 and then now we’re seeing the quick drawdown out of the distribution zone and back to the accumulation zone. We might see a wick down to $1,110 because that’s where this long term trendline is and would be the lowest point we could touch before we create a higher low. Anyways, really expecting $1,287 to hit, at this point we’ve been calling $1,347 and that’s a given. $1,347 will hit almost for certain, just patiently waiting on my $1,287 bids at this point. However, do be cautious as we could reach down into some of the $1100-$1200 gap territories. All the best!
BITSTAMP:ETHUSD
by kyer
3
BTC/USD Daily Levels — February 1st, 2023Looking at the price of Bitcoin on the Daily TF, we can see that we just wicked out on the $24,233 level and are forming a buy side sweep. We will see what happens on the close of the daily candle, but if we close underneath here, that means the buy side sweep is formed and we should be looking at lower levels as the high for the month / local top is formed. The red line I have marked at $21,294 and also doubles as the bottom body of the LG candle, and that's where i'd be looking to offload shorts and start rebuying my long position. However, I will see how we look at that time, as we can still drop back down to the ~$19,000 level, marked on the chart as the top of the green accumulation box. This would form a higher low of the move formed at the start of the year and would properly rebalance this up swing. A lot of people on Twitter are talking about running the yearly lows, and if we did, we'd create (obviously) a lower low and send the cryptocurrency market into goblin town. Now not that i'm against it, I don't think we'll drop that far, and if we do, it'll be a clean wick through the level just to retest it. All in all, looking for the $19-21k targets to re-enter my long positions after absolutely milking this move upwards from $16k. Take it easy traders, I wish you all the best! Cheers 🥂 As always please do your own research, I am not a financial advisor and this post is for educational purposes only
KRAKEN:BTCUSDShort
by kyer
4
ETH/USD Daily Levels — February 1st, 2023Looking at the Daily TF of Ethereum, we can see a very similar structure to Bitcoin, but a little more manipulated in the price action. The manipulation zone is a bit bigger and the accumulation zone is a bit smaller, where as Bitcoin, the move was made as clear as day. Usually, I use Bitcoin to chart out the flows for the market and trade on Ethereum to juice higher returns for my portfolio. Anyways, moving onto the chart patterns, we played this move upwards from $1,161 to selling at our distrubtion level at ~$1640. From here, i’ve been out of the market and waiting patiently for a new entry. I genuinely thought we’d come back down and retest the top of the accumulation zone (even if it were a scam wick), however, the market makers have a different game plan. We’re still chilling in the distribution zone after the FOMC today and they’re printing a buy side sweep to suck in retail liquidity before pushing the price down. I wouldn’t be surprised if the top of the distribution zone hit as many people still need to offload their positions and are greedy, however, this buy side sweep we just printed on the daily looks very convincing. It’s also something to note that the Shanghai testnet is dropping and the Ethereum team usually drops the new network upgrade at local tops in the market. I believe that we should close out this distribution zone herer soon and retest the accumulation zone. Unlike Bitcoin, I don’t believe we’ll see the start of the yearly candle retest unless it’s a quick wick down as it’ll get bought up relatively fast, similar to what we saw in the FTX meltdown in November of last year. This move we made completely reversed the entire FTX meltdown and we’ve returned to the mean as of now. However, we do need to retest the start of the uptrend or at least somewhere near the start of the uptrend and that would send the price of Ethereum down to $1287 - $1347, forming a higher low, before continuing it’s move upwards. It’s going to be a while before we see all time highs again, most likely around the Bitcoin halving event, the same as the previous two cycles. In the meantime, we can continue milking the market and stacking more trading profits into our long term Ethereum holdings before the next bull market cycle.
BITSTAMP:ETHUSDShort
by kyer
3
ETH/USD 12H Targets — January 8th, 2023Looking 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 with a candle close below $1,221 as we would look to reposition this play. Attached to this chart are my previous 2 ideas on Ethereum. As always please do your own research, I am not a financial advisor and this chart is for educational purposes only.
BITSTAMP:ETHUSDLong
by kyer
2
BTC/USD 12H Targets — January 8th, 2023Looking 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 🎯 $19,356 Bitcoin trade is invalidated with a candle close below $16,250 as we would look to reposition this play. As always please do your own research, I am not a financial advisor.
KRAKEN:BTCUSDLong
by kyer
3
ICP/USD 12H Targets — January 8th, 2023Looking 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 Computer trade is invalidated with a candle close below $3.95 as we would look to reposition this play. As always please do your own research, I am not a financial advisor.
Long
by kyer
1
Snapchat [SNAP] 2023 OutlookLooking 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 trying to break out of. I believe most of the storm of this price falling has passed us, and we’re about to enter a period of extended consolidation. Markets can’t move up down up down in a ping pong fashion, it needs time to consolidate. $7.05 - $9.20 is a prime accumulation zone for the longer term where we return to the mean around $23, marked as the bottom level of the resistance band seen on the chart. Some key factoids about Snapchat: 319 million Daily Active Users (DAUs) $1.3B Quarterly Revenue (3x from 2019) Advertising accounts for 99% of Revenue Going off solely the quarterly revenue and leaving the increase in DAUs out of the equation, the fair value of SNAP should be 3x higher than it is right now, and a return to mean from this price point would sit Snapchat comfortably around the bottom level of the resistance band, conveniently the same $23 level as marked out on the chart. From here, we may see the start of the next cycle, or we may not. That’s forecasting with a crystal ball in a sense, however, I am expecting another cycle in the future, although I’m not sure how long this consolidation period will be. Cathie Wood entered at $54.98. Cheers traders! As always please do your own research, I am not a financial advisor and this chart is for educational purposes only.
NYSE:SNAP
by kyer
2
ETH/USD — Monthly Time Frame OutlookLooking 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 December 2017 and December 2021. History doesn't repeat itself, but if we were to follow this same structure then we'd see this cycle play out with the Bitcoin halving event in 2024. This year i'm expecting a similar short run-up like that of early 2019, before continued consolidation going into 2024. There's going to be plenty of trading opportunities and more volume as opposed to 2022 where it was a constant free fall; markets have found themselves, not necessarily bottom on select assets, but ranging near bottom levels. I mean sure we could go lower, like anything, you must take a look at your risk on your trade. What am I risking by taking the trade vs. what am I risking by not taking the trade? Well I entered at $975 for my long term Ethereum as i'm fairly confident $880 was the bottom on seen in June, and my risk by not taking that trade would be missing out on the double digit % gains from the bounce and the return to the mean in a few years. If I didn't take this trade I would be sitting on the sidelines and waiting, hoping, and shilling doomsday posts on the blue bird app in order for my thesis to play out so I can enter at a lower position. Nobody wants to be proven wrong. Trading wise, this isn't a trading post, this is moreso a long term outlook, and throughout the year i'll update on some positions of mine. I will definitely keep you updated if we come down and wick lower, but for the most part, the markets are down 80%, this is prime position re-entry zones for the long term. Daily reminder for your chip stacking: It doesn't matter whether you buy a commodity for $7, $100, or even $1216 when it's trading at $5000. The markets have for the most part capitulated the 2021 hype cycle lads, and now all we're left with is the hardened crypto veterans who are in this for the long haul. It's going to be a long and slow year for the most part, but at least we'll have more volume to play with. As always please do your own research, I am not a financial advisor.
BITSTAMP:ETHUSD
by kyer
7
BTC/USD Daily Levels — December 21st, 2022Looking 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 reclaim $19,356 before distributing into the range of $20-21,000. Green boxes are marked accumulation Yellow boxes are marked manipulation Red boxes are marked capitulation Bitcoin Volatility moves in this direction: Capitulation --> Manipulation --> Accumulation --> Disbelief --> Distribution After the range of distribution, a newsworthy event takes place and offers exit liquidity to institutional players, creating a contagion of wide-spread market selling. This cycle then repeats, but on a different time frame / scale. Trade is invalidated if we break below manipulation and slip into $13k, although that is in the realm of possibilities, I don’t have that on my bingo card of 2022, per se. As always please do your own research, I am not a financial advisor.
KRAKEN:BTCUSDLong
by kyer
1
ETH/USD Daily Levels — December 21st, 2022Looking 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 invalidated with a close underneath $1,161, from there, looking at $1,110. As of now, price action is looking good. As always please do your own research, I am not a financial advisor.
BITSTAMP:ETHUSDLong
by kyer
1
BTC/USD Daily Levels - December 13th, 2022Looking at Bitcoin on the daily time frame we see lower lows as compared to Ethereum that saw a double bottom on this most recent contagion event. Now, if Ethereum continues that path and general trend upwards from this event, Bitcoin should follow would and bottom out around the $16,889 level before making its way upwards towards $19,356 and testing out those levels seen before the FTX meltdown. SBF just got arrested, pretty big bottom signal in the markets, we’ll see how they like that news event tomorrow on NY open, but if this explosive move continues to the upside, I’m looking at ~$21,000 to pull profits (TP2) after shaving a bit off at $19.3k as we break these resistances. There is a possibility like always to come back and retest the origin candle of the breakout, however, in this case that would make for a great entry at $17,295. Anywhere in the range of $16-17k is a phenomenal entry for a target sell price of $19.3k, and an even better entry for a long term slurp. I entered at $16,889 and will keep you updated with more signals to follow. As always please do your own research, I am not a financial advisor and this chart is for educational purposes only.
BITSTAMP:BTCUSDLong
by kyer
ETHE 51% Discount to NAVGrayscale Ethereum Trust and Grayscale in general for that matter, has been beaten down this year, with the clearest example identified in the ETHE Discount or Premium to NAV (Net Asset Value) which is down -51% to par. Given the current spot price of Ethereum (at the time of writing) at $1,321, this would put the spot price of each Ethereum held by Grayscale in the trust at ~$673 per Ether. This price per Ether is obviously undervalued and the market will pick this back up as the price of Ethereum returns to mean. Looking at the weekly time frame, the three easily identifiable lows on this chart are at the end of 2019, 2020, and now 2022. This looks like now to be a great buying opportunity or a place to stack onto your position as we’re closing out the year. From here, I’m expecting a return to par value with the share price of ETHE and that should tick it around $12-13 for a fair price. This chart combines both technical and fundamental indicators so we’ll see how this goes. The contrarian trade or the opposite end of this play is Grayscale and Coinbase are secretly insolvent and this whole trade is a bust / never returning out any physical Ether to shareholders. I’m buying at these levels for some exposure in my stock trading brokerage as it’s a 51% discount to spot price of physical Ether, again would be the ultimate goblin level lows for Ethereum at $673-688. As always please do your own research, I am not a financial advisor and this chart is for educational purposes only.
ELong
by kyer
2
Ethereum/US Dollar — December 10th, 2022In June as 3AC, Luna, and Co. came tumbling down crashing the market, Ethereum found a local bottom at $880. This number is a few dollars off depending on what exchange you’re using, it was a scam wick so that tends to happen. Anyways, huge level at $975 (which isn’t marked on this chart) that I took blindly on the 18th and played that move upwards. That pattern was seen as capitulation (marked red), followed by a scam wick to a catch by a God-tier level of support, which happened to be $1,041, bottom range of the green box. From here, we saw a short period of manipulation which is used by algo’s to try and stop you out of your position. If I had a stop loss throughout the month of July I would not have hit that trade, and by the time you check the charts, it’s too late. This June capitulation move’s extension was played out to $1,995 and rejected off of there. Now, I marked that as a dashed line because that’s a 1st touch rejection and a typical occurrence for an asset coming out of a major sell-off / bear market, turning the tides. This is only seen if we’ve seen the bottom here on this November capitulation event that I’ll explain next. In November, last month, we all know what happened and I know you’re tired of hearing about it too. This SBF capitulation event brought the spot price of Ethereum down to the God-tier level of $1,111 seen and respected in June. Now, if this is the last of the contagion, I’m sure you can agree with me that this is a double bottom formation with a higher low on this event although apparently CT was saying it’s going to get worse. At the moment, my entry on this capitulation event whatever you want to call this, deviation, is $1,111 and I didn’t use a stop loss on this play either. We’re currently holding below this $1,287 level and I believe we should dance around it on the weekly open tomorrow night. From here if $1,111 continues to be respected and we keep stacking support levels, I’m expecting these TP1&2 marked out on my chart to play out. Again, just like June, I’m sort of expecting some weirdness around these levels as they are very touchy. Any serious close below $1,111 that isn’t a manipulation candle would send Ethereum straight to $788, but at the moment for some crazy reason I can’t help but to see this double bottom pattern. I’m expecting the same pattern as June to play out if we don’t see any more contagion. Bitcoin's last bottom was 4-years ago in December 2018 and Bitcoin moves in 4-year cycles in tandem with the halving event. Today is December 10th, 2022. I wish you all the best, cheers traders! As always please do your own research, I am not a financial advisor and this chart is for educational purposes only.
BITSTAMP:ETHUSDLong
by kyer
3
(ICP) Internet Computer EOY Price TargetsDfinity’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 the masses figure it out. In recent news on the ICP blockchain, the Internet Computer can now serve as a Layer 2 for Bitcoin where smart contracts on the Internet Computer coan hold, send and receive Bitcoin natively, without the need for blockchain bridges or other third parties. This provides a trust-less foundation or various DeFi and Web3 applications looking to code on the Bitcoin blockchain. This is game-changing for the industry, finally brining smart contract functionality to Bitcoin and enabling a whole new landscape of DeFi and DApp development that was previously only dreamt of. The Internet Computer’s integration with Bitcoin also provides a mmore secure alternative to centralized bridges in the form of threshold ECDSA (Elliptic Curve Digital Signature Algorithm). The implementation of ECDSA empowers the Internet Computer’s canister smart contracts, to directly conduct Bitcoin transactions without an intermediary or bridge. This provides a trust-less framework for DeFi projects that wish to use Bitcoin and doubles for ICP developers to natively code on the Bitcoin blockchain. There are now 200,000 canister smart contracts deployed on the Internet Computer. At the same time, the network is casually processing 10,000+ TX/s! This is truly an achievement showcasing the incredible ICP developer ecosystem and the scalability of the Internet Computer. Now moving into the technical analysis side of things, looking at the 12-hour chart we can see a clear pattern of capitulation, manipulation, and accumulation. This pattern was seen from $975 on ETH in the summer and this looks eerily similar for some reason. I know Vitalik has said in a small press conference with no major media outlets that Dfinity’s Internet Computer was a sister network to the gargantuan ETH blockchain, but didn’t expect the charts to coincide like that. Anyways, the capitulation period during the start of November was accelerated by the FTX crash & accompanying ripple effects, and then for the rest of the month we spent in manipulation underneath the major accumulation zone found from the lows formed in the summer (July capitulation event). From here, i’m expecting continued consolidation around this accumulation region at $4.30 - $4.60 before an eventual breakout to my (2) target profit levels: TP1 🎯 $4.99 TP2 🎯 $5.59 The first $5 level acts as this range’s EQ with the top of the EQ being TP2 @ $5.59. The accumulation zone is phenomenal for long term scooping and could potentially come out as a bottom. Although it may occur, i’m not expecting one giant candle upwards, it’s going to take some time to play out as we just 1st touch rejected off of the $4.60 level. You can zoom back in the charts and find that is the swing low from the July capitulation event. Huge level of support turned resistance that we are currently trying to breakout from. As always please do your own research, I am not a financial advisor.
Long
by kyer
Bitcoin & Crypto Market Prediction This analysis will continue into the next Crypto cycle. I see a few outcomes. 1) Bounce here and absolutely rip to new highs 2) Bounce here and form some type of flag, prob bilateral making it harder to predict the massive pump or dump that would follow. 3) Lose this and take a shit to $29,300 to retest the neckline that we watched last previous high in April 2021. If this neckline is lost Bitcoin will hit $18k 100%. 4) few other options but those are the leading ones I see. If the bearish idea is correct we will bottom out 2023 late summer, I will BUY THE DIP THERE and hodl for next cycle.
by DotcomJack
1