ETHUSD Market Update - 4/26/21Weekly candle just closed on ETH and painted the bottom of the weekly at $2189 earlier today with that hammer candle on the daily.
ETH regained the longer term upwards channel and looks like tis going to continue running now after regaining multiple levels of resistance turned support.
Expect an obvious retest of the $2400 level before moving back up as people are selling short to try and fill up their longs.
I've called out $2700 multiple times but have gotten shaken out, lets see if this time we hit it.
Let's get it boys keep it up, let's all make money
Easylootcrypto
BTC Market Update - 4/26/21Bitcoin just closed its weekly candle and painted the bottom of what looks like is going to be the weekly at $47,000. From here, Bitcoin looks like it caught support at that $47,000 level and is trying to reverse pwards to retest this downtrend around $54,000 before making another decision.
Above the $51,689 level we should see a retest of the $55,218 level for Bitcoin but a rejection from this level on the $51,000 level will drag the price down to $44,854 and it'll take a little more than the rest of the month to reverse.
I will continue to keep all of you updated , make you're you stay up to date in my signal chats. Please let me know your comments down below and thank you for all your continued support
Grayscale ETHE New High TargetsQuick update on the Grayscale ETHE chart looking at the daily time frame we can see that the price just broke out after the 3rd touch last week and looks like its headed towards the pre-split bottom at $28 - $31.
I haven't done an update on this ETF since the split at the end of the year and after the price 2nd touched this downtrend. From here, we saw the bounce off the monthly at $13.88 - $15.97 where this new bullish momentum started and looks like its going to carry the price to $30+
ETH is going to continue rising and this ETF should reflect that in the next weeks and months to come.
For my next price targets, the pre-split bottom at $31 was created last year after the price of ETH bottomed out in the summer. This level just like Tesla respected its levels pre-split going into post, will hit to a Tee and be respected.
BTC.D Bitcoin Dominance Falling - 2021 Altcoin SeasonLooking at the 3-Day chart of the Bitcoin Dominance ratio spanning from the altcoin season of 2017 to now, it looks like history could repeat itself for a 2021 altcoin season.
The ratio topped out at 72.04% back in Sept. 6th, 2019 and then retested that same level and couldn't break through it at the end of 2020 going into 2021. From here, the dominance has done nothing but drop like a falling knife. For the past 2 months, Bitcoin Dominance has been steadily falling without anyone paying much notice.
The momentum is falling and I think the dominance is on the path to hit the 53 - 58% zone. If the Dominance doesn't hold at 53% we could see another altcoin season 2021 all the way down to the 35 - 40% zone.
With all the NFT hype its possible this could be a first catalyst or a catalyst that pushes the real start of altcoin season.
ETHBTC Heading to 2017 Altcoin Season HighsPretty simple chart, 3 TP levels placed at swing highs created from the previous altcoin season in 2017 - early 2018.
Bottom is 0.016296 and was created on Sept. 6th, 2019. This was also the same date that the BTC.D ratio topped out at 72.04% and has been falling ever since.
Since that day, the ETH/BTC ratio has been slowly gaining in sat value, although it did take 485 days to break out of the 0.026746 resistance level which is now turned support. From here, ETH was quick to shoot up to the 0.038 TP level as well as gain this green trend line (formed 3 years ago form the 2017 high) as support.
This is obviously in a bullish momentum and here are my price targets moving forward:
TP1 🎯 0.053672
TP2 🎯 0.084004
TP3 🎯 0.105244
BTCUSD Potential Dump to $41,000BTC hit a new local high around $65,000 before falling off due to scares across the market. The Biden imposed wealth tax for capital gains hit Bitcoin heavy with the fear of the cap gains tax rate hiking all the way up to 39% from 20% where it stands right now, almost a 2x increase.
At the moment, Bitcoin looks like its still in a falling knife trying to find its bottom. A realistic view that I see playing out is Bitcoin retesting $41,000 before moving back up. This level was the previous swing high created in the 1st week of January and took about a month of accumulation before it popped off higher and created new highs. Since this $41,337 level though it hasn't been backtested yet and its very possible Bitcoin could be on its way to hit $41,000.
Bitcoin broke its long term trend created from that $41,000 spike up and there is nothing holding the price back from hitting $39,696 - $41,000 level again before moving back up for another new high cycle.
This is going to take a few weeks or so to reverse back up if we don't pump through $51,000 right now. Will keep you guys updated. I can see a potential retest of this downtrend suck everyone into FOMO'ing long and then the market makers just dump it on us again back to 41. That's what I see playing out let me know in the comments your thoughts
LTCUSD $312 Next LONG TargetQuick update on the price of Litecoin looking at the 4-hour time frame we can see that LTC just recently regained the $262 weekly level that hasn't been hit since early 2018 after the 2017 ATH around $380.
It is obvious now that Litecoin is in a bullish swing upwards and I believe that this run is going to continue all the way up to $312 and beyond.
Longer Term Targets
TP1 🎯$312
Expect some decent consolidation around the $262 weekly level, fractally, this level is very important and will take a little bit of time before it moves up.
ETHUSD Next LONG TargetsQuick update on the price of Ethereum, looking at the 4-hour time frame we can see that it just made higher highs for the 1st time successfully since the end of February.
At the start of this month, ETH soared up from the bounce off the 2017 ATH going up to the $2,022 (1.0 Fib) level where it found its most recent level of support.
ETH regained this upwards channel and looks like its going to continue printing upwards to $2,700. It's getting difficult to pinpoint exact TP's every $100 or so, especially for the longer term as the prices keep getting higher.
4H / Longer Term Targets
TP1 🎯 $2,700
TP2 🎯 $3,800
BTCUSD Next LONG Targets - 4/13/21This is the first Bitcoin chart i've posted this month because there really isn't too much of an update since my last post calling the next target $68,000 but would like to update the chart a bit as there are more candles now to dissect.
Looking at the 4-hour time frame we see that Bitcoin has reversed off of these higher lows and broke out of the downtrend holding back the price just below the local high.
Over the weekend, Bitcoin had a 1st touch rejection of the $61,336 level before gaining it as a level of support. From here I am expecting Bitcoin to potentially retest the $61,336 level before moving upwards to the $68,361 (3.618 Fib) untouched new high target.
Bitcoin is about to growHi, traders!
Today we gonna speak about the potential scenario of Bitcoin.
Have a look at the plot. As you see, the price has built triangle pattern. Price consolidates near 0.618 (60125$) Fibonacci level. Moreover, it has found support on this level. It’s very powerful signal of bears’ weakness. That’s why we have two scenarios. Let’s talk about them.
ETHUSD $2,709 LONG Target @ 1.618 FibLooking at the 12-hour chart of ETH we can see the full picture of the 2021 trading year. On the most recent dump down, you can see that Ethereum bounced off of the $1594 level (2017 ATH) and has been soaring upwards since. First breaking through $1784 as well as regaining the valley to hit the next take profit level at $2022, otherwise known as the local high formed back in February. ETH notably created a higher low even on the scam wick swing low down to the monthly support.
From here i'm expecting ETH to break out of this valley and break through the $2022 level as it heads to regain this upwards channel going long towards $2700.
The $2022 level not only is a psychological barrier at $2000, but also is the 1.0 Fib level, arguably the strongest of the Fibs. Once this level breaks to the topside, it is wraps. ETH is going to hit $2700 and above. At the same time this is going on, Bitcoin should also be posting new highs and hitting the $68,000 mark I called out a few days ago. Since then it has been trending upwards slowly but surely.
Thank you traders for your continued support, i'd love to hear your thoughts on the market in the comments below.
ETHUSD Potential Support @ $1594Ethereum came falling down after trying to wick $2,022 last week and has been a falling knife since.
The price holding up at $1594 (2017 ATH) is the 1st sign of a reversal in the market. This is a very important level of support and if this is lost, ETH is going to come back down to $1435 & retouch the monthly range @ $$1347 - 1373.
ETH is dependent on many other factors such as the price of Bitcoin and the moves that it makes. If Bitcoin can hold the potential support @ $51,000 then ETH in theory should hold the $1594 level and go long from there.
Now if Bitcoin drops down to wick the uptrend and the $47,000 level of support, then ETH is going to retouch the monthly level and hit $1373 again before moving back up. If it is the latter, then the price of all coins are going to be relatively flat going into April and the pump will start in the middle to end of April going into May and June.
SPY just hit new daily highs and ETH is somewhat correlated to that and the markets, let’s see what happens this weekend going into weekly close.
Thank you traders for all your continued support and let me know your current thoughts on the market in the comments below.
BTCUSD Hit Potential Support @ $51,689Bitcoin posted new highs last week by breaking the $58,109 local high level. From here, the price sank below $55,218 and is trending sideways in between the uptrend and downtrend formed inside this falling wedge.
I'm expecting Bitcoin to continue consolidating in between these two lines and from here right now actually wick $55,218 as well as the downtrend before moving back down and going lower before we post higher highs such as hitting $68,361 (3.618 Fib level).
Bitcoin is in the middle of a reversal and looks like it just bounced off of the $51,689 level as a potential support. If this level holds true, expect BTC to wick $54,028 and $55,218 as TP’s before pulling back down.
If we lose the $51,689 level of support, the next level its going to wick is $47,140.
As always please do your own research, I am not a financial advisor.
XRPUSD $0.63 Next LONG TargetXRP bounced off of monthly support at 0.47920 very aggressively and has regained support in the channel created in the middle of March. Not all trend lines have to hold and not saying that this channel is 100% valid, but the lower trend is acting as a level of support that if held would send the price to TP1,2,3&4.
Right now if XRP holds this channel its going to regain access to the 0.572 level of support (also have it marked as TP1 in case you want to take profits there) going up towards the real TP which is TP2 placed @ 0.63198
A successful close over 0.572 would send the price to TP2 which has already been 1st touched, so XRP would continue trending upwards knocking out levels of resistance going long towards TP3&4 placed at the distribution zone of 0.67267 - 0.69401.
On the other hand if XRP breaks out of this channel the price is going to retouch 0.537 as a backtested level of support.
Thank you traders for all your continued support, please remember this $0.63 target won't happen overnight its not a day trade.
LTCUSD Still Reversing, Pump in AprilLitecoin did not pump off the MimbleWimble news to $262 and instead rejected off of $218 before coming back down to hit the $183 level.
I'm expecting Litecoin to accumulate / consolidate along the $171 - $183 zone of support going long towards higher highs. This is going to take some time to reverse because LTC is still in the middle of reversing as we speak. It isn't going to go straight up right away and its going to take a bit of time.
Honestly I don't see Litecoin moving until next week when we see the new monthly and quarterly candle, which is next week at the start of April.
Levels of re-entry should be around the $171 - $183 zone along the topside of the channel and from here, LTC should regain the 2018 high as a level of support and finally wick the weekly resistance at $262.
LTC has been the slowest of the movers alongside the likes of BCH during these past few months of the bull market and definitely has been a sleeper. As always, Litecoin is going to continue moving slow into April until it eventually pumps and breaks out of this $183 - $218 nightmare range.
Thank you for all your continued support and as always please do your own research! 🔬
XLMUSD 12H LONG Targets - 21/3/21Stellar has just broken out of this downtrend formed in early February for the 1st time and is looking to bounce to the upside. It wicked TP3 @ 0.58046 without a candle close above until it fell back down to the 0.37 level where it held as support.
XLM bounced off 0.37 as the bottom and has been holding in between this level and 0.40 before its breakout to the topside. From here i’m expecting XLM to bounce off of the uptrend going long towards TP1,2,3&4.
TP1 🎯 $0.41194
TP2 🎯 $0.44953
TP3 🎯 $0.58046
TP4 🎯 $0.79232
This is going to take some time to play out, this trade won’t even start to hit until the start of April on the new monthly and quarterly candle.
XRPUSD Descending Triangle Break OutXRP looked like it was going to dump down to retouch Santa's Lair around 0.40 and the general long term uptrend when it was posting this scam wick down earlier this morning, but it couldn't even wick that low. The price of XRP kept getting bought up before it could reach a new lower low. This being said, XRP just formed a higher low right in front of our eyes and is looking like it wants to continue this bullish momentum.
XRP just broke out of its descending triangle keeping the price down to the upside which is very bullish. It has also already backtested the levels of support needed to hit in order to properly move up without some major correction.
With the SEC case still looming and being pushed back as well, technicals are lining up for this coin and for 3 years it has been a sleeper. If this coin actually had dirt on it or the founders it'd be at zero right now and they'd be in jail but people keep buying up the supply no matter the decision.
From here, i'm expecting XRP to hit the next TP's in its path before hitting the 2018 local high created after the ATH from its 2017 bull run. TP1 has already been 1st touched at 0.51733, but this momentum looks like thats going to be cleared and turned into support on the next move up. After this, XRP should be looking at hitting TP2,3&4.
TP1 🎯 $0.51733
TP2 🎯 $0.537
TP3 🎯 $0.562
TP4 🎯 $0.572
BNBUSD Accumulation at $270 to New HighsBinance Coin since the February dump down seen later in the month has been stuck in accumulation around the $270 level before it squeezes out of this ascending triangle and breaks out to reach higher highs than the previous local top set at $333.
The move on BNB is not over and I would argue that its just getting started. At the moment, BNB is being squeezed between the respected uptrend and a level of resistance until the inevitable breakout.
From here, i'm expecting Binance Coin to be relatively quiet until the next weekly candle and going into next week BNB is going to break out long towards $333.
Check out my related ideas, but I have been calling the reversal back to $333 as well as it seems like just yesterday when I was signaling a $30 target for BNB, let alone a $300 one.
BCHUSD Reversal Upwards to $721+Bitcoin Cash after the dump down in February has found its bottom around $482 - $515 weekly support accumulation zone with the absolute bottom wicking $435 without a candle close below.
$435 is the super human entry and anything under $482 - $515 is still what I would consider goated.
From here, the next targets are the $630 & $720 levels needed in order to hit to close out of this valley. This valley's top i $746 and is a weekly level of resistance. After Bitcoin Cash can break out of this valley and create new highs its wraps.
ETHUSD $2,000 Next LONG TargetEthereum stopped out longs on the dump yesterday before pumping above $1784 and now what looks like is going to $2022 or the local high at the 1.0 Fibonacci level.
Market makers painted the dump down to $1594 which hasn't been back tested yet but overnight pumped it back above $1784 and regained this resistance as a level of support going long towards $2022.
From here, after ETH wicks $2022, depending on the momentum at that region, it may keep pumping to reach the $2700 target at the 1.618 Fib level.
For Ethereum to reach $2000 and surpass it, that's only 5% and is no stranger to ETH.
BTCUSD $68,361 Next LONG TargetBitcoin had its moment of truth yesterday as it was ranging in the region of $55,218 - $58,109 before its breakout beyond the local high. The local high at $58,109 was created on February 21st right before the dump back down to the retest of the $44,854 support zone and formed a higher low.
From here, Bitcoin reversed back up to the topside and is right now trading at the current highest Spot price it has ever traded at $60,248. I’m expecting a wick retouch of the $58,109 level offering people who couldn’t get entry last night another shot at an entry before moving up. After this level wicks for a retest, i’m expecting the price of Bitcoin to shoot up to the 3.618 Fib level placed at $68,361.
Overnight it seems like, this $58,000 area has turned from resistance into support and is a bullish catalyst for a breakout to the topside. Bitcoin trading at a $68,361 Spot price is only 12% away from where its currently standing and 12% is no stranger to Bitcoin.
Looking at the daily time frame of Bitcoin, we can see that since the initial bull market start in November it has been creating higher highs and higher lows. The most recent example would be what we saw at the end of February as Bitcoin rejected off of the 2.618 Fib level down to $44,000 and is now trading at a higher price than ever before.
On the daily, the targets are a little bit easier to see and make sense of with more data. Bitcoin looks like its heading up towards the 3.618 Fib level at $68,361 before moving the way up to 4.236 at $77,219. This move is going to take some time because you can see each candle represents one day, 24 hours, or 6 4H candles.
AVAXUSD Reversal Back to $50+AVAX looks like its bottomed out along the daily support as well as its broken this downtrend formed after the dump down earlier last month.
The bounce off the $23 - $25 range is the bottom and the goated entry region. From here, AVAX has regained $29 and looks like its about to regain $32 as a level of support.
After AVAX regains $32 as a level of support, its going to head towards $41 - $44 resistance area. Too early to tell now the momentum when it reaches here if it'll continue pumping, but the next targets after that I have placed are at $51 - $54, the local high created during the 1st week of February.
What is Avalanched (AVAX)?
Avalanche is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services with a max supply of 720M and a circulating supply of 126M AVAX.
It aims to be something of a global assets exchange, allowing anyone to launch or trade any form of asset and control it in a decentralized manner using smart contracts.
Avalanche launched its mainnet in September 2020 founded by Ava Labs. The platform's native token, AVAX, performs various tasks within Avalanche and also functions as a rewards and payment system for users.
I think this is a pretty interesting project and currently sitting at the #25 spot its got some wiggle room to grow. Let's get this Easy Loot! 🚀