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LINKUSD $34 Next Long TargetChainlink has been gaining in price since the start of 2021, along the likes of Cardano (ADA) and Polkadot (DOT). Since this most recent drop down, the bottom and the timing of the reversal was up in the air and uncertain until very recently where LINK regained the 1.0 Fibonacci Support level at $30.4564. From here, i'm expecting Chainlink to hit the local high at $34.1941 before pulling back a bit and offering a possible retest of the 1.0 Fib support before moving up towards the 1.618 Fib resistance level at $37.90. LINK is in a bullish momentum going long and has almost fully reversed itself after the dump down late February.
Long
by kyer
2
BTCUSD $58,000 Local High TargetBitcoin has been reversing off the $44,854 level and has found the bottom there. From here, Bitcoin is going to hit the $54,028 level of resistance and gain that as support before moving up to hit the local high. You can call this whatever cup & handle pattern you want, but regardless the momentum is upwards and the price isn't going to stop at the $58,000 local high. After Bitcoin regains the $54,000 level of support, its going to hit the local high distribution zone before moving up and creating newer highs around $68,000. All of these levels are Fibonacci levels that've been drawn around Thanksgiving 2020 and have been very well respected so far.
BITSTAMP:BTCUSDLong
by kyer
7
ETHUSD $2,022 Local High Reversal TargetSince the dump down on February 22nd, ETH has been hard to read until just recently where we got a reversal confirmation going long. ETH bottomed out at the monthly support at $1373 and regained the $1594 previous 2017 ATH level as well as the upwards channel. Ethereum regained the $1784 level of resistance as support as well as this upwards channel as support and now its looking up. At the moment, it looks like the bottom wick of the daily candle is being painted and i'm expecting ETH to hit $2,022 this week. The $2,022 level is the previous local high created right before the February 22nd dump down to the monthly at $1347. You could say that ETH has created a cup & handle pattern, but the more advanced trades know this was just a bounce off a monthly level of support being respected.
KRAKEN:ETHUSDLong
by kyer
XRPUSD Reversal to $0.50+XRP has been relatively quiet after the SEC pre-trial hearing that was set for Feb. 22nd. After the case, the price per XRP dropped from 0.57 all the way down to wick the 0.368 level. XRP didn’t see a single candle close underneath the 0.40326 level (I have marked out Santa’s Lair) which equals very bullish momentum. From here, i’m expecting XRP to regain the monthly support level at 0.479. It has already regained the 0.45 level of support and looks like this momentum is going to continue upwards until it caps out at 0.517 and wicks the downtrend to create the 3rd touch on the trend and confirm it as a proper downtrend. By the middle of March, XRP should be clearly over 0.479 monthly support and just about ready to breakout of this wedge going long towards the local high and newer highs. XRP looks like its already bottomed out and now would be a good time to enter long for your position. Just like the famous Warren Buffet quote, be fearful when others are greedy, and greedy when others are fearful, right now everyone is fearful in XRP and not greedy. You should be stacking your bags while the sentiment is low and there is fear in the market, so by the time the market makers reverse the coin on us you are already in a position and chilling on your long making that Easy Loot.
KRAKEN:XRPUSDLong
by kyer
8
LTCUSD Reversal to $218+Litecoin has found its bottom along $159 and is now looking like it wants to reverse going long towards $218. This same exact pattern happened in January earlier this year around the $121 - $124 level before reaching $218. This time, Litecoin is accumulating at a higher spot trading price, so that only means that the next level of support is $262. The 2018 high level of resistance has already been 1st touched, so there isn't as much resistance there as when Litecoin was trying to hit $262 back in January. From here, i'm expecting Litecoin to slowly creep up to $218 during the course of this month. For the most part of this year, Litecoin has been a sleeper coin patiently waiting for its turn. It looks like these past few weeks have been a shakeout of longs. My targets going long are $218, and then a successful close over $218 would send the price of LTC to $262
KRAKEN:LTCUSDLong
by kyer
8
ETHUSD Reversal to $1784+Ethereum has been dipping this past week until it eventually found bottom along the local high at $1347. This level of support is significant because $1347 is the body of the ATH price created back in 2017. The fact that Ethereum reversed of of this level shows bullish momentum and the coin is in the middle of a reversal going back upwards. From here, ETH just regained the 2017 ATH price of $1594 level of support and is now trying to regain the channel as support going long towards $1784 and beyond. After ETH hits $1784 and regains the channel as support, it is 100% obviously back in bullish swing and going to touch $2022 (local high) and beyond. This shakeout was necessary to kill off all the FOMO and greed in the market, the amount of greed we saw was unprecedented.
KRAKEN:ETHUSDLong
by kyer
14
BTCUSD Reversal to $54,000+Bitcoin painted the bottom wick of the new March monthly candle earlier this week and is now looking like its in a reversal back upwards to $54,000 and beyond. BTC couldn’t wick the uptrend or $41,337 when it dipped down and created the higher low, which is very bullish. Also something to note is that the fear/greed index has dropped significantly as the price has been declining the past week. From here, i’m expecting Bitcoin to hit the $54,000 TP level and if BTC can successfully find a daily close over this level its going to retouch previous highs and find new ones. Going into later the month, Bitcoin should be fully reversed and finding new highs.
BITSTAMP:BTCUSDLong
by kyer
12
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
Long
by kyer
11
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.
KRAKEN:LTCUSD
by kyer
20
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.
BITSTAMP:BTCUSD
by kyer
10
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.
KRAKEN:ETHUSD
by kyer
16
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
KRAKEN:LTCUSDLong
by kyer
19
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.
KRAKEN:ETHUSDLong
by kyer
4
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.
BITSTAMP:BTCUSDLong
by kyer
2
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.
Long
by kyer
17
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
KRAKEN:XRPUSDLong
by kyer
5
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 🚀
BITSTAMP:BTCUSDLong
by kyer
8
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 🥂
Long
by kyer
19