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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
XRPBTC Ready to Lift OffLooking 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 2842 sats and looks like its going to repeat this same pattern and wick 16860 sats - 1828- sats for a 445% gain. Every other altcoin has already performed in terms of the BTC ratio except for XRP & XLM. I'm putting my money where my mouth is and taking this trade, i'm already in, and this is going to play out and hit the red resistance zone around 18k sats. Check the attached chart its the updated Bitcoin Dominance read I just posted where I said the season is almost over for altcoins and that all the billions of dollars in altcoin money is going to flow into Bitcoin and the other leading blue chip cryptos. The lights are still on at the party , why not have some more fun while its lit.
Long
by kyer
4
Bitcoin Dominance (BTC.D) Almost at 2017 LowThe 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 better because of the low fas fees. Users in 2017 would trade cryptokitties on the Ethereum blockchain which at times would cost upwards of $20 to send a virtual kitten to another wallet, while traders today are creating Binance Chain smart tokens and projects for ~$1 and able to send those tokens to their friends for a fraction of what is possible on the Ethereum network. The use case for the BSC network, Ethereum, as well as other leading smart contract platforms is at least 10x what it was in 2017 (and 10x is being very humble) so it only makes sense that new investors are piling on board these smaller capped coins and eating the market cap share away from Bitcoin. Altcoin Season 2021 is almost wrapped up and is going to be completely finished once it wicks the bottom level at 35%. Every altcoin has basically 1000%+'d in terms of the BTC ratio and the money has been made. If you HODL'd through 2020 and 2021 you made a bag and congratulations. Even coins like MATIC and THETA rose 15,000%+. The only altcoins that haven't hit their BTC ratio or gone up in the slightest yet are XRP and XLM which is very strange considering their use cases fix the fee problem found in ETH and now BNB even the network is becoming clogged. I believe this altcoin season is going to finish out and will be over right under our noses and when this ratio hits 35% and bottoms out, that will be the time XRP & XLM hit their highs in terms of the BTC ratio then the season will be over, show is over for the time being until the next altcoin season cycle. From this point, this doesn't mean that BItcoin is going to go back down to $3,000 and the show would be over. All this altcoin money has to flow somewhere and that money is going to flow into the larger capped coins like BTC, ETH, and BNB. I believe these are the 'store of value' coins besides ones like LTC and XMR for their scarcity and privacy features. Bitcoin and the leading blue chip cryptos are going to increase dramatically in price after all of the billions of dollars in useless tokens flow into coins with real use cases. It is only a matter of time before the narrative switches from all the new traders investing in Safemoon, other BNB tokens, and moonshots to find coins with fundamental value for the long term. The entire altcoin market is overbought and personally I would not touch any altcoin to the USD ratio or BTC ratio for the long term with a 42-foot pole. The only ones where I can find value in this overbought market is in XRP & XLM. There should be zero reason why Elon can pump Dogecoin well beyond the market cap of these 2 coins and even surpass legacy companies like Ford & Kraft Heinz in mkt. cap with something that was created in 2 hours. I'm not mad i'm just disappointed in the lack of ability to find fundamental value and yes I am a value investor and getting outperformed by my friends mindlessly investing in Doge doesn't feel good and I want to FOMO in so badly but bite my lip and HODL the value. Now is not the time to buy Doge, you are buying top and Elons bags. He has $15B worth of Doge in a single wallet and controls about 30% of the network. Buy Bitcoin. Bitcoin is almost at its 2017 low after the altcoin season was over. Everybody and their mom right now for the past 3 months has been screaming NFT, Safemoon, Cummies, BSC, what about alts? The focus has been away from BTC and if you want to make money you need to trade against the crowd, let everybody trade their safemoon while you HODL the real value. At some point all the altcoin money needs to transfer into somewhere. Investors probably won't want cash besides their lamborghini so they're going to invest it into Bitcoin. Bitcoin is Gold 2.0 and is going to go for a tear after altcoin season is over. However, while the lights are still on at the party make as much money as you can against the BTC ratio to stack more sats for the long term. Thank you for reading this update to the Bitcoin Dominance ratio and would love to hear your thoughts below!
CRYPTOCAP:BTC.D
by kyer
16
ETHUSD Capitulation to New Highs in JulyZoom 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 month or two to happen. From the high of $4,300 to the bottom around $2,500 we dropped 1800 points or around 43% so to recoup on those losses if you bought the top, investors would need to make 85% just to break even. Let's say ETH does perform and gain 85%, that's going to take some time. ETH is still waiting on EIP-1559 to fix its gas fees and clear up the congestion on the network and I think that the EIP is going to perfectly time with the markets and pump through that news. This is one of the biggest updates as it transitions to 2.0. What is EIP-1559? It will replace the variable first-price auction model currently used to decide Ethereum transaction fees with a more deterministic base fee model. This will remove much volatility and uncertainty associated with paying the gas fee.s $2,700 - $3,400 is where a good Spot entry is for the long term and if you can snipe it a goated entry would be underneath $2,000 at this point. This most recent dump down we backtested $2,000 (1.0 Fib) resistance which hasn't really been backtested other than twice in April. For the 1st time since the beginning of April we came back down to the $2,000 (1.0 Fib) level and wicked that as a backtested level of support. ETH is going to continue to trend in this channel until the middle of July when EIP-1559s is launched. From there the 5k price target is valid and we're going to create higher highs.
KRAKEN:ETHUSD
by kyer
14
BTCUSD Bull Run is not OverThe bull run is not over for Bitcoin, this is just cycle 1 complete. The BTC.D still needs to play out and alts like XRP and XLM still have to complete their BTC ratio. The season is not over and the show must go on. Looking at the chart of Bitcoin on the 12-hour time frame we can see that it caught support on the scam wick at 33k and eventually found a real sustaining support at the $39,696 - $41,337 level. From here, Bitcoin can continue to hover around this region bouncing up and down in between $33,000 - $47,410 until it squeezes out either to the downside or upside and I believe that BTC is headed to the upside. However,, noting this is a 12-hour time frame this means that this squeeze is going to happen over the course of the next 2 months going into a breakout in Mid July going into August. Around this time, ETH has EIP-1559 scheduled to launch and you can bet that there is going to be some positive news surrounding Bitcoin and other cryptos to boost the prices. We all know that news doesn't affect price but i'm just saying theres going to be some positive news around then. The Bitcoin Dominance (BTC.D) ratio is going to complete during this period of 2 months and altcoin season part 1 is going to be over. Every alt has basically 10,000%+ and that's a bit ridiculous. The market needs to cool down but then in July when everything starts pumping again Bitcoin is going to roar upwards and hit the 4.236 Fib level at the $77k mark.
BITSTAMP:BTCUSD
by kyer
2
BTC Calling Bottom Elon Price Manipulation, -In this post i will be explaining why the bull market is not over and why i am very confident this is the bottom for BTC's recent pullback. -In the past 2 months we know that BTC has been moving sideways. -We also know that BTC Dom Chart is dropping which is a good indicator that it is alt season. -We saw major Pairs like ETH LINK and LTC drop draws and make people Ridiculous amounts of money. While BTC moved sideways for 2 months between the $44k-$62k, this is a large indicator for alt-season. -Here are some Reasons on my Theory with Elon. -Elon tweeted a few days ago saying how Tesla will no longer accept Bitcoin payments due to the fact of Environmental Reasons and they will be looking for other cryptos to accept in the future. -ELON IS CREATING FUD AND MANIPULATION IN PRICE DUE TO HIS LARGER FOLLOWERS. YOUR TELLING ME A COMPANY WITH A MARKET CAP OF 568 BILLION DOLLARS DID NOT DUE BACKEND RESEARCH ON A INVESTMENT??? I DONT BUY THAT AT ALL. -Elon/Tesla also announced that they have sold 10% of there Bitcoin holding to show liquidity. -This also plays a role on how he is controlling the price. He announced Telsa has sold 10% for liq reasons and a week later he announces that Tesla will no longer be accepting BTC. This is clearly a manipulation in price and movement in the markets. -Elon and Tesla are most likley buying this dip with that 10% they sold earlier so they can gain more BTC. -On the TA level i have a few supports in mind We are currently testing the $44k level which is also bouncing off the Blue bullish trendline that i drew from mid December of 2020. -This leaves me to believe that if we do now hold the $44k level that we will retested $42k and if 42k does not hold Last resort is the last Support i have $38k. Now We recently have closed the weekly timeframe above the Bull Market Support Band which is a great sign. Also Keep in Mind that we havent not painted any top wick yet and just the bottom another reason i am bullish. -We have also seen the fear and greed index hit a 20/100 the lowest we have seen all of 2021. -As far as recovery i do believe that this will take time to recover with such nasty news and major FUD seen on twitter and many crypto Community that 1 man has created. My guess is Trading Volume will be very low which means that we will see very slow movement across the board on these blue chip and mid cap coins. -To Finalize this post i would like to say a few things. -THIS MARKET CYCLE IS FAR FROM OVER -You must be greedy while others are fearful and that is what is exactly happing in this market rn alot of Fear. -I have Orders at 44k 42k as well 38k this is not the market top but defiantly a local top for a good amount of time. -Im not selling any of my portfolio and all this fear and FUD just makes me want to buy more. -Thanks for reading my Thoughts on the Bitcoin and if you dont know already BTC will determine how Alts perform If BTC keeps dropping Alts will drop hard and if BTC accumulates we will see some random coins pump.
Long
by ThawonP
5
Ocean Extremely UnderValued Target $1.9-Mid cap coins like Ocean haven't been doing so well lately due to the fact that the fiat flow has been going into many Low cap coins like Shiba Safemoon all the meme Coins -Although Ocean is not a Defi Project it is a ERC-20 Which relies on ETH -If you have been in the crypto space in the past few months you know that ETH has been pumping like a rocket so my predictions are coins that are built of ETH even if they are not DeFi projects will pump dramatically in the next few weeks possible Months depending on the amount of follow that enters the space. -On the Technical Level We see That Ocean is in State 3 of this Advanced Accumulation phase. -We also see it has dropped over 50% in the past few months - From an Investors POV Ocean IMO has a Great fundmentals being able to own and share your own Data without companies selling your info to other companies. They are also speculated to be working with car companies such as Bmw and General Motors to improve self driving technology based off of AI technology. - Theres My Shill on the coin so make sure you all do your own Research as well on the Chart i have provided where i will be buying as well as Target Prices.
OLong
by ThawonP
1
ETHUSD Market update - 5/13/21Ethereum 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 believe the 1.618 Fib level will get backtested at the $2700 level before moving back upwards. ETH has had unbelievable growth these last 2 quarters and now is time for a decent correction as we shake out the weak hands moving forward.
KRAKEN:ETHUSD
by kyer
22
BTCUSD Market Update - 5/13/21Bitcoin 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 we're going down. The higher low formed on February 8th hasn't been backtested yet and BTC looks like its going to come back down to there and then reverse off those levels. Right now there is a global elite push against Bitcoin and other cryptocurrencies pushing a negative narrative in the 24/7 news cycle. Binance is also said to face investigations from the Justice Dept, IRS which isn't good. CZ runs the company from his laptop with no physical headquarters or address.
BITSTAMP:BTCUSD
by kyer
ETHUSD $5000 LONG TargetLooking at the daily time frame of Ethereum to the US Dollar we can see that this coin obviously popped off after it broke out of this channel and 1.618 Fib @ $2709. There is zero resistance between $2709 and $3821, the price has never been this high and we're going to go through some very interesting price discovery in the next few months. I'm using Fibs because I have no other option to find levels of resistance or support. Moving forward, the next target of resistance would be $3821 at the 2.618 Fib level which looks like its going to hit tomorrow or Sunday morning before the weekly close and pull back a bit. I believe this run is going to continue and we're going to see $5000 quicker than we think. The 3.618 Fib level @ $4933 is my real TP, $3821 will hit easily and most likely blow through this level. Also something to take notice of is the ETH/BTC ratio, attached to this post is a chart of that I did on that last week. As always please do your own research, I am not a financial advisor.
KRAKEN:ETHUSDLong
by kyer
10
BTCUSD 77k LONG TargetLooking at the price of Bitcoin on the daily time frame we can see that after the falling knife down to $47,000, BTC caught support there and bounced back up to $58,000. From here i'm expecting Bitcoin to continue this reversal upwards to the 3.618 and 4.236 Fib level. I believe that we're going to see an altcoin season but that doesn't mean that Bitcoin can't also perform. For the past few months as altcoins have been climbing, Bitcoin has been lagging in terms of going up in %. Bitcoin is going to close out this valley at $64,000 and then continue climbing upwards to new highs. TP1 🎯 $64,581 TP2 🎯 $68,361 TP3 🎯 $77,219
BITSTAMP:BTCUSDLong
by kyer
4
XRPUSD Reversal to $1.90+Looking at the 2-hour time frame of XRP we can see that Ripple has formed a valley created at $1.90 and found a bottom of the monthly support at 0.8999 before it reversed back upwards. XRP closed out this smaller valley inside of the valley at $1.32 and has gained that as a level of support. Going forward, XRP has wicked the $1.44 level and gained that as support, therefore I can see the price hitting $1.74 and then $1.90 before finding new price discovery. This valley at $1.90 is going to close out and it looks like XRP is on the path to get there right now. Let's see this one play out to $3
KRAKEN:XRPUSDLong
by kyer
LTCUSD Reversal Upwards to $312+Looking at the 2-hour time frame of Litecoin we can see that LTC is in a valley formed at $285 last month. From here, Litecoin found its bottom at the 2018 High for a retest of the $218 level. Now Litecoin just regained the weekly resistance as support at $262, already backtested once, and now it looks like it wants to come up and hit $285. After Litecoin gains the $285 level asa support its going to head upwards towards the monthly resistance at $312 and then ATH. The level of resistance at $312 has already been 1st touched, which means the majority of the sell orders are wiped out and the traders are looking at a higher take profit price which will be the $349 level. Simple as that, thanks for reading! Hope all of you are doing well and making money! Easy Loot!!
KRAKEN:LTCUSDLong
by kyer
2
BTCUSD Reversal Upwards to $64,000+Looking at the 2-hour time frame of Bitcoin we can see that it has bottomed out at the $47,410 level from where it caught support after falling down from the local high formed at $64,581 which also created the start of this valley. From here, Bitcoin regained this uptrend and hit our $55,218 TP level. Now i'm expecting Bitcoin to continue this path upwards and touch $57-58k and find those levels as support. After this, Bitcoin will regain the local high at $61,336 and then eventually head towards $64,581 and then after it breaks out of this valley its going to touch the 3.618 Fib level at $68,361
BITSTAMP:BTCUSDLong
by kyer