BUY THE DIP | READY TO POP $PLTRPalantir is primed for another run, will you tag along?
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Waiting for a strong confirmation on Monday to confirm but PLTR is looking beautiful into this close...
Tag along for some Easy Loot!
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PLTR is reacting to a key level at $22.59 as it looks to hold it as support. Today we seemed to have made our first test, would like to see a nice bounce Monday will confirm stronger support (bounce 4-5%). After we should see a nice run toward $31.5 to test as resistance before blowing past.
After we bounce & breakout:
Target: Long HODL (NEVER SELL)
2rd Target: $31.5
3nd Target: $37.98
Easy Loot Speculation $80-$120 minimum within next 5 years
DCJ
Easyloot
BNB Bullish Pennant to $333Binance Coin has been relatively quiet after peaking around $333 a coin in the middle of the month. Since then, BNB has been selling off a bit as bulls have been taking profits and because of that a bullish pennant formed.
BNB has been making higher lows after taking off from $128 and has already backtested $194 support.
Right now it looks like BNB wants to breakout of this downtrend and head upwards long towards $271 and then $333 to surpass the previous ATH
LTCUSD Reversal Upwards to $262Looking at LTC on the 4-hour time frame we can see that on the most recent pump it didn’t have quite enough strength to reach the $262 TP level like I had hoped, so it found the closest level of support to bounce off of which was $171.55 - $183 accumulation zone of the previous local high created in January.
From here, Litecoin looks like its going to hit the $218 level of resistance placed at the 2018 high. If Litecoin turns this level of resistance into support, its going to hit the $262 target once and for all.
This is going to take some time to reverse, i’m not expecting it right away. However, it is very clear to note that Litecoin looks like its done dumping because on the scam wick on the 22nd and the following dump down, it has respected support and continued to hold the long term uptrend.
BTCUSD Higher Lows on Each DumpLooking at BTC on the 4-hour time frame it is obvious to see that it has been creating higher lows on each dump consistently. The fact that Bitcoin is creating these higher lows means that it is still in its bullish trend and that this most recent dump was just a sell off, not the big short just yet.
What’s interesting to note is that Bitcoin on this dump down didn’t completely sell off to $41,337 yet or hasn’t regained $54,028 as support yet which means its basically trading in no mans land at the moment. There’s no levels for Bitcoin to bounce off of right now and that makes it very difficult and strange to trade.
From here, a scenario that I see playing out for Bitcoin is that it regains the $54,028 level as support and goes for the $68,000 LONG level. The other bearish scenario is Bitcoin loses this higher low level and retouches $41,337 before moving back up. This would create a significant distress in Bitcoin’s momentum and would completely change the sentiment.
ETHUSD Capitulation Dump to New HighsLooking at ETH on the 4-hour time frame, it looks like bulls are fighting back and trying to reverse the trend back up. The scam wick that happened on February 22nd all the way down to $700 was a bit ridiculous and showed how much short strength the bears had to be able to push the price all the way down there.
The scam wick isn’t anything that we haven’t seen before, this occurred on August 1st, 2020 on ETH right after the price broke above $400 and then scam wicked back down to $220, basically losing 50% of its value in minutes.
These types of scam wicks occur during a bull market to shake out longs. You just have to remember that the market makers don’t want you to win.
At the moment, ETH is holding above the $1594 previous 2017 ATH level after backtesting the $1347, $1373, $1435, and bottom trend of the channel. Since backtesting these levels and dancing around them a bit, Ethereum finally found a general price around the $1580 - $1650 range, which is coincidentally the $1594 previous ATH level. Everybody is screaming dump and short, but we found support above the previous 2017 bull run high level so I can tell you that the party is just getting started.
I’m expecting ETH to continue consolidating around the $1594 level and holding within this channel until it breaks out and squeezes upwards to touch $1784 and then $2022 respectively. After the trend reverses and ETH capitulates to new highs, it’s going to touch the $2700 target that I called out last week.
The market is very overbought and in a bull market, what is one way to ease up the greediness and continue the pump at the same time? Dump the market and capitulate the asset to new highs. We have seen this time and time again, it really isn’t anything new.
LTCUSD $262 LONG TargetJust like Bitcoin and Ethereum, all eyes are on the major cap coins so Litecoin is in the conversation.
After hitting $171 (local high) earlier this year, Litecoin rejected and was consolidating along the $136 - $145 support level until it started breaking out last week. From here, Litecoin has surpassed the previous highs and hit $183 as TP as well as $218 for the 2018 highs.
The next targets moving forward are $262 and $318. $262 is a weekly level created all the way back in 2017 and is the next level of resistance in the path of Litecoin holding the price back from hitting $318 and the previous ATH.
From there it'll be new highs beyond the previous ATH making the previous ATH looking like just a little blimp in the market kind of like how Bitcoin looks now compared to 2017.
I'm going to continue to keep you updated along the path to reach those new highs, stay updated. Let's get this bread
ETHUSD $2,700 LONG TargetLooking at the 12-hour time frame of Ethereum we see that its gained the topside of this upwards channel as support going long towards the $2,022 target. Right now it looks like the $2,022 target is going to hit and the run should continue after hitting that level all the way to $2,709.
$2,709 is the 1.618 Fibo level placed after the 1.0 Fibo level at 0.786
ETH looks like its about to soar, bouncing off of the $1784 level holding that as support. It has also been relatively quiet this year after hitting new highs above $1000 earlier this year in January.
BTCUSD $68,000 LONG TargetZooming out a bit and taking a look at the chart of bitcoin on the daily timeframe, we can see more data. The run in December at the end of the year had the correction in January down to $30,838 and reversed off of there to the new highs we're at now.
Bitcoin broke through all the levels of resistance on the way up and is now heading towards the 2.618 Fibo level placed at $54,028 for a TP. This level is going to wick and we're coming up on the moment of truth for Bitcoin to see if it continues climbing or rejects off of $54,000.
I think that the run is going to continue off of $54,000 and Bitcoin is going to climb all the way to the 3.618 Fibo level placed at $68,000.
$LTCUSDT 100% Inbound, wait for confirmationEntry: Breakout and retest of $143.19
Targets: $184, $212, $254, $311
STOP: $119.27
DCJ | Not Advice
XLMUSD $0.58 Next LONG TargetXLM has just recently reached new highs on Binance so I drew out these Fib levels to help gauge where the price is going to go. First off, XLM spent the entirety of January / February until now in accumulation right along the 0.277 - 0.30406 level.
XLM is clearly in a breakout now going long towards higher highs. Already, it has surpassed the 0.41194 local swing high level as well as the 1.0 Fib level at 0.44953.
Take a look at how many times these candles dance around the Fibs, it really is insane and something to look at. From here, I’m expecting XLM to follow XRP’s pattern in slowly creeping up to new highs and touch the 0.58 level at the 1.618 Fib level.
BCHUSD $712 Next LONG TargetBitcoin Cash is now in a bullish swing with just having re-gained the $515 level of resistance as support. From here, BCH looks like its going to hit $630 and then try to touch $721 on this cycle.
BCH has also been a sleeper 💤 but will follow the price of BTC and ETH going long.
XRPUSD $0.80 Next LONG TargetXRP has been a 💤 for some time now and especially after the scheduled XRP pump on Feb. 1st, people have seemed to lose interest. However, from the technical standpoint, it created higher lows and held the long term trend right around the 0.36 support zone.
From here, XRP has been slowly gaining and is about to surpass the previous highs it posted earlier this month. Right now, XRP has 0.572 as support going towards 0.63198. However, 0.63198 has already been touched once a the start of the month as well as 0.672 and 0.69401 so the real next level of resistance is 0.80
LINK $30 Next LONG TargetChainlink is in an uptrend and looks like its going to hit $30.45, the level created at the 1.0 Fibo.
Right now, LINK passed $25.85 (0.618 Fib) resistance turned support and is now looking to 1st touch $27.87 (0.786 Fib) before it completes the journey upwards to $30.45 (1.0 Fib)
LTC $218 Next LONG TargetLitecoin has almost completed its downtrend cycle, bottoming out at $121 and is on the path to continuing its uptrend making new higher highs.
Just recently, Litecoin hit $171 and is now heading towards the local high at $183. From here, a close over the local high resistance turned support would send the price of LTC to $218, which is the 2018 swing high level created after the bull run where Litecoin almost hit $400.
ETH $2,000 Next LONG TargetEthereum recently lifted up to the previous 2017 ATH price at $1594 and turned that level of resistance into support. From here, it found support on top of the channel, wedged between that and the $1784 resistance level.
I'm expecting the price of Bitcoin to fly to $54,000 and carry the price of ETH to $2,000 and above. $1784 is just a minor level of resistance in the grand scheme of things and is most likely going to hit $2,000 on its next stop.
BTC $54,000 Next LONG TargetBitcoin has broken through both $39,696 and $41,337 resistance levels, now looking at hitting the $54,028 level placed at the 2.618 Fib.
BTC is obviously in a bullish swing and adding fuel to that fire is Elon Musk buying 1.5 billion dollars worth of Bitcoin with the Tesla balance sheet. The company has also said that it will start accepting the cryptocurrency for customers who chose to pay in bitcoin rather than fiat currency.
There is no resistance in Bitcoin's path to $50k and even nothing until the $54,000 level at the 2.618 Fib. BTC is going to fly 🚀
ALGOUSD is a Sleeper CoinMarch 2020 low was 0.14333 created as support
August 2020 low was 0.26 created as support
Just recently, ALGO regained 0.5070 as resistance turned support, heading towards:
TP1 🎯 0.6291
TP2 🎯 0.8170
TP3 🎯 (moonshot) $1.51
Founded by Turing award winner and MIT professor Silvio Micali, Algorand is a permission less pure proof-of-stake blockchain protocol. Algorand is a scalable, secure, and decentralized digital currency and transactions platform.
This coin is looking very good going into 2021 I can't wait to come back to this chart to see how this plays out, cheers 🥂
SXPUSD Start of Bullish MomentumSwipe (SXP) has bottomed out at 0.623 and reversed off this level, starting to go long and form its bullish momentum.
What is SXP?
SXP is a cryptocurrency that powers The Swipe Wallet. The Swipe Wallet has been designed to require Swipe Tokens SXP to perform all functions and utility of the Wallet including to use the services and to make withdraws. Users on the Swipe Wallet can buy, sell, and pay with their cryptocurrencies to fiat directly within the Wallet application as well as purchase Gift Cards and make instant exchanges between all supported assets.
Users are able to use their SXP tokens to launch and there are also tiered benefits based on the SXP holding on the Wallet Contract.
Swipe has a circulating supply of ~85M and a total supply cap of 300M.
Entry Targets and TP Levels
Perfect entry on SXP would've been along the weekly support accumulation zone at 0.623 - 0.767. It has already gained the 1.174 level as support going long towards the other TP levels.
Seen on the chart, the next level to take profits i'm looking at is $1.52 - $1.745
The long term target is TP3 at $4.322, the swing high (previous ATH) created in the August pump right before the BTC dump at the end of the month going into September. From that move, it is now reversing, 4 months later.
LTCUSD Still in AccumulationLitecoin still has not pumped or dumped in about a month after posting that 34% dump off of $171 down to $136. From here, Litecoin can continue holding along this $136 - $145 level and bounce off of this uptrend going long until LTC eventually hits the 2018 high level at $128
Until LTC hits that level though, the level i'm looking at taking profits are:
TP1 🎯 $159
TP2 🎯 $171
TP3 🎯 $183
ETHUSD Rejected Off of $1784ETH rejected off of the $1784 level (0.786 Fib) after not having enough momentum to break through it.
From here, ETH is looking like its trying to find support at the previous 2017 ATH level at $1594. If it can't hold this $1594 level, then its going to retouch $1435 before moving back up.
I'm not expecting a reversal until at least after the weekly close, its going to bleed a bit before moving back up.
I'm looking at the $1373 - $1435 range for re-entry
BTCUSD $41,337 Next Long TargetBTC has reversed off of $30,838 after it formed a triple bottom. The first signs of the breakout was the fake one where it got rejected off of the $37,560 level. After that, BTC came back down and created a higher low as well as it regained the uptrend going long.
From here, BTC looks like its dumping back down and people are taking a bit of profits, but should hold this trend going long towards $40k and beyond.
After BTC reverses back up to the topside, my next long targets are:
TP1 🎯 $39,696
TP2 🎯 $41,337
ETH $1600+ Next Long TargetEthereum is coming up on its previous ATH price on the exchange Kraken for the first time since late 2017 at $1594, just under $1600. This is also coincidentally the 0.618 fib level, placed at $1597.
With this being said, we know that these Fib levels will play out the same as how the levels on BTC were and still are playing out. The only correct way to find support / resistance levels on creating higher highs besides the previous swing highs is to use the Fibo levels.
I started using the Fib levels on BTC after it hit $19,600 support and had a drawdown to $16,000. Since December, i’ve been able to see BTC’s projected path and identify all the levels of resistance in its path / where to take profits.
Not saying this is a crystal ball or anything, but these are the next levels i’m looking at for ETH going long beyond the previous 2017 ATH price.
TP1 🎯 $1594 (Previous 2017 ATH price on Kraken)
TP2 🎯 $1784 (0.786 level)
TP3 🎯 $2,022 (1.0 Fib level)
BTCUSD Reversed Off of $33,099Quick update on the price of Bitcoin, it broke out of this downtrend and created higher lows on a bounce off of $33,099, indicating a trend reversal to the upside.
This was confirmed after the 4H close over $34,484 and from here the price of Bitcoin has been pumping. What seemed like a fake breakout and rejection off of the $37,560 resistance really was just a 1st touch of the level, meaning that the only untouched resistance from this point forward is $39,696.
My next targets moving forward are:
TP1 🎯 $36,327
TP2 🎯 $37,560
