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ETHUSD Bottomed Out Along the $2022 SupportEthereum has found new highs in May during a period of price discovery and everybody losing their minds over the NFT craze. From the peak hype, we’ve fallen about 60% and have been capitulating ever since (about 1.5 months). ETH has found support along the 1.0 Fib level at $2,022 and this pattern looks the exact same from the pullback we saw in January 2021. We capitulated back down to underneath $1000 briefly and eventually found support along the $1000 psychological level of support. This essentially is the same type of pattern, just on a bigger scale and time frame. I believe the bottom is in at $2,022 and we’re going to pump up towards the 1618 Fib level at $2,709. As always please do your own research, I am not a financial advisor.
KRAKEN:ETHUSDLong
by kyer
5
BTCUSD Market Outlook - 6/24/21Good 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, there's a lot of mixed signals with the short-term direction of Bitcoin and it's very hard to predict. Without further ado let's get right into it. Looking at the 2-Day time frame of Bitcoin we can see that BTC is currently capitulating after coming down from the 1st top formed in April at ~$65,000. From here, Bitcoin blew through the $38-39k level of support and now that same level of support is acting as a level of resistance. Looking at the weekly time frame, it really does seem like Bitcoin has bottomed out along the $28k level of support along with this long term uptrend formed at the start of the uptrend back during Thanksgiving 2020, right before the Bitcoin market started heating up. I'm expecting bitcoin to hold this uptrend and slowly reverse back upwards. It is going to take some time to fully reverse and i'm not expecting anything even close to a major move up or down until the end of July (after Ethereum 'London' hard fork) going into the start of August. Around this time, Bitcoin can break out of this downtrend formed from the local high at ~$65,000 and eventually reverse to create newer highs and an eventual and inevitable 2nd top at the end of the year. Take a look at my attached chart posted back in January explaining the logarithmic growth of Bitcoin. According to this chart and the S2F model, Bitcoin is still on track to hit those price targets and the bull run is not over. We just witnessed part 1 of the cycle, we still have a 2nd part to this cycle for us in store around the end of the year to look forward to. As always please do your own research, I am not a financial advisor.
BITSTAMP:BTCUSD
by kyer
3
BNBUSD Bottomed Out at $333Looking 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 momentum. In addition to this, BNB also regained this uptrend as well as levels of support all the way up to $348, as it tries to complete its mission of reclaiming previous highs and beyond. The BEP20 craze with all the tokens being created using the Binance Network for the cheaper fees, alternative to the Ethereum network, caused the price of BNB to roar (native asset to Binance Smart Chain). Obviously not everything can go up in one solid motion and it needs time to cool off before moving back up. At the moment, BNB is sitting at a Spot price of $365 and I believe that the price will continue to range in the region of $348 - $432 until it breaks out to the topside in mid July back up to $500. It's going to face some resistance around the $432 region as it tries to reclaim this level as support as well as the downtrend around $500. I'm talking a month out price action here and i'm sure i'll update you traders before that as we move up. Thank you for reading and wish the best with your trades
Long
by kyer
6
XRPUSD Found Support Along 2018 Swing HighLooking 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 🎯 $1.18 These targets are placed for the short term which I expect to hit going into the end of this month or the beginning of July. Obviously am expecting the prices to go higher but i'll post another update once we reach that point. Cheers traders As always please do your own research, I am not a financial advisor.
KRAKEN:XRPUSDLong
by kyer
4
LTCUSD Bottomed Out Along 2-year ValleyLooking 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 🎯 $218.80 TP3 🎯 $262 I’m expecting Litecoin to hit the TP3 (weekly resistance) around the end of this month, if not going into the start of July. It’s going to take a bit of time to reverse, but this is the bottom. Especially when time moves forward and we start to gain momentum back up as LTC regains this channel around $218, that’s whats going to solidify the bullish momentum. As always please do your own research, I am not a financial advisor.
KRAKEN:LTCUSDLong
by kyer
4
ETHUSD Accumulating Around $2500Looking 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 triangle as it looks like its trying to regain the $2709 (1.618 Fib) level. After ETH regains the $2700 (1.618 Fib) level, my next targets moving forward are: TP1 🎯 $2709.76 TP2 🎯 $2910.31 TP3 🎯 $3431.59 As always please do your own research, I am not a financial advisor.
KRAKEN:ETHUSDLong
by kyer
2
BTCUSD Price Targets - 33k BottomBitcoin 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 is going to be closing above the $39,696 - $41,337, and from there i’m expecting to hit the high 40s. Bitcoin gained the $38k level as support and will probably squeeze out traders before hitting these long targets but these are valid if BTC continues to hold the $38k support: TP1 🎯 $39,696 TP2 🎯 $40,707.64 TP3 🎯 $41,337 TP4 🎯 $44,854 TP5 🎯 $47,410 Please take a moment to read through my related ideas calling out the 33k bottom if you have a minute. Thank you 😊🙏
BITSTAMP:BTCUSDLong
by kyer
8
$BTC MORE DOWNSIDE COMING? | Hell Week UpdateBTC made a descent as we anticipated, the question is do we have more room to go? Is this the end of this cycle's bullrun or do we have a 2 top cycle in store for us? | Currently, we are seeing a nice relief rally off $31k; I'd say it's safe to say $29k is in the books if we can't break & hold above $35k. These next few weeks, patience will be key. We most likely continue to see some pretty big wicks both ways in an attempt to trap. Watching $32,600 & $33,300 as resistance this next week, if we break over we must watch for the test at R2 . Over the next month, we could see a retracement toward $35k and possibly $37k but this move could be to hit a retest of before the continuation toward the downside. (any chance of bullish we MUST) Breakout and retest as support of R3 would confirm a bullish move is inbound targeting $40k range. On the larger scale (1D), we sit in a potential head & shoulders pattern which will result in the end of this beautiful 2021 bullrun bringing us down toward 2017 highs to hopefully hold support. We'd all like to see it run to $41k/$42k to confirm this head & shoulders but there's a chance selling will just continue. Way too much selling to be stopped until bigger players come to play and I personally doubt they want to unload at $30k. $24k and $18k are targets for those players. Time will tell, longterm holders will win regardless this is just another opportunity to reposition. Share your thoughts below DCJ | Charts Plus EasyLoot.com
by DotcomJack
ETHUSD Ascending Triangle to $3000+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 breaks out and finds this level as support its going to start heading towards $3800 and previous highs. I believe the rest of this month is going to be continued capitulation underneath the previous local high until EIP-1559 releases in July and we break back above local high and the 3.618 Fib level at $4933 We have definitely hit bottom and its only a matter of time before we start printing back up. We are down about 60% from the local high, 60% of the market cap evaporated overnight. Hundreds of billions of dollars gone with the wind. As always please do your own research, I am not a financial advisor.
KRAKEN:ETHUSDLong
by kyer
4
ETHBTC Ratio - Cycle Almost CompleteThe 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 updated read from my previous ETH/BTC ratio reads and i’ve been calling it for a while now. TP1 hit with absolute ease and now just 1st touch rejected off of TP2. From here, it really looks like ETH/BTC has found support and stabled itself out to where now its going to break through the TP2 level at 0.077218 and head towards TP3 placed at 0.105244 All in all, this move was a 237% gain and congratulations if you played it all the way from the bottom. 🥂
Long
by kyer
5
BTCUSD $33,000 was BottomLooking 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 above. It is only a matter of time before Bitcoin breaks back above to new highs again, it's just going to take a bit of patience. Markets can't move up in a straight line forever, they need to take a breather. This is the biggest wave of capitulation we've seen so far and as the market continues to get more crazy towards the end of the year, we're going to see moves down like this just as great if not move intense. Let me know your thoughts in the comments below, thanks for reading. Cheers
BITSTAMP:BTCUSDLong
by kyer
18
LTCUSD Bottomed Out, Looking to Reverse UpLooking 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 going to continue consolidating along $171 until it inevitably breaks out higher and regains this upwards channel going higher towards the 2018 high and above. To regain the previous highs created by Litecoin in May, we need to regain all of these previous support levels turned resistance. Moving forward, assuming this is bottom, here are my next TP's moving forward: TP1 🎯 $218 TP2 🎯 $262 TP3 🎯 $312.78 TP4 🎯 $349.45 As always please do your own research, I am not a financial advisor.
KRAKEN:LTCUSDLong
by kyer
6
ETHUSD Double Bottomed at ~$2,500Looking 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 a local high at $4,200 until it dropped to the 1.0 Fib level at around $2,000. Now ETH gained the 1.618 Fib level resistance as support at the $2,700 area and is looking like it wants to gain up to the $3,000 level and above. Going into this month it is going to regain support inside of this upwards channel and continue the move up to newer highs beyond the local high at $4,200.
KRAKEN:ETHUSDLong
by kyer
XRPUSD Double Bottom Along $0.89999XRPUSD 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 lawsuit and come out victorious. From here, that's where we will see the price discovery zone and a test of the previous stable ATH at $2.48. But for the price to get there we need to stay patient. It's coming just not as fast as we'd like. There are still a lot of levels to break through to get there as well as the recent swing high created needs time to cool off before moving back up again. When we do start to move up in late June going into July, these are the next TP's moving forward: TP1 🎯 $1.84 This is the creation of the valley that is holding the price back created on April 11th, once XRP closes above this level and finds it as support its going above $2 with ease TP2 🎯 $2.48 Taking a decent sum of profits of my XRP holdings here TP3 🎯 $2.75 The TP level is at $2.75, but i'm going to cash out at $3 then HODL a moon bag in case it hits $589 or $1000. As always please do your own research, this is in no way shape or form financial advice, purely for educational purposes.
KRAKEN:XRPUSDLong
by kyer
2
BTCUSD Caught Support at $33kLooking 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 extreme fear. Buy when others are fearful and stacking for the long term it's like a fire sale right now. The new monthly candle is tomorrow I believe Bitcoin is going to trend sideways for a bit inside this channel until we breakout back to the 45-50k region.
BITSTAMP:BTCUSDLong
by kyer
7
LINKUSD Long to $44 Local HighLINK 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 candle before we start heading up higher to newer highs. LINK is going to continue this momentum forward and i'm looking at these price targets: TP1 🎯 $37.90 TP2 🎯 $40.077 TP3 🎯 $44.003 After TP3 it is the critical decision moment for LINK whether or not it pulls back or keeps climbing and i'll keep you updated when we reach that point. That $44 level is the local high where my main profit taking area is and the title of this post. As always please do your own research, I am not a financial advisor.
Long
by kyer
7
LTCUSD Market Update - 5/26/21Litecoin 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 hits this monthly resistance at $312 that will be the moment of decision whether or not we continue pumping. As always please do your own research, I am not a financial advisor and this is not financial advice.
KRAKEN:LTCUSDLong
by kyer
4
ETHUSD Market Update - 5/26/21Looking 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 ETH is a doji and I wouldn't expect too much of a move upwards or downwards until the new monthly candle. Going into June though, ETH looks like it can hit $3,431 and $3,821 at the 2.618 Fib level It will take until the end of the month going into July before Ethereum breaks through the local high and the 3.618 Fib level at $5,000 with EIP-1559 launching on July 14th which is arguably the biggest upgrade to the Ethereum network which fixes the fees and offers a predictable fee rate instead of random incentives. As always please do your own research, I am not a financial advisor.
KRAKEN:ETHUSDLong
by kyer
7
BTCUSD Market Update - 5/26/21Bitcoin looks like its cauvht bottom after the falling knife at the $33,000 level of support and is now heading back upwards. However it does look like its going to capitulate for a little bit until it fully reverses back up. I believe that we're going to continue consolidating around the $39,000 level and this upwards channel until we come up and wick $44,000 and $47,000. From this point its the decision moment whether Bitcoin breaks back above here and continues its run upwards and I believe its going to. The bull run is not over but the reversal will come in late June to early July and pump throughout July and August before another pullback going into the fall. Right now is a great time to buy in for the long term, you're basically getting a 40% discounted Bitcoin and other cryptos across the board. As always please do your own research, I am not a financial advisor.
BITSTAMP:BTCUSDLong
by kyer
2