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
Easylootcrypto
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
LTCUSD Reversal Upwards to $171A quick update from the read I did on January 11th, called the bottom out on LTC at $121 - $124 and from there a bounce to a reversal which we're seeing now.
LTC regained the topside of this channel as a level of support, as well as $126 - $45 accumulation zone. At the moment, Litecoin is trying to breakout above $145 and has posted up 2 back to back 4-hour hammer candles. It looks like it’s about to explode. I would be very surprised if it doesn't pump within the next few 4-hour candles. The market makers know that we know it's about to pump and they are prolonging it and not making it easy, but I am confident that it's about to reverse from here.
We've already seen the dump down from $121 - $124, the entire month of January was the product of a capitulation sell off down 34% in the span of a day.
Going long now my targets for Litecoin are:
TP1 🎯 $159
TP2 🎯 $171.55
TP3 🎯 $183.81
XLM $0.45 Next LONG TargetLooking at the 4-hour chart of Stellar, it looks like the coin has rejected off of the $0.37 level 3 times now. It is still holding this uptrend as well as its been trending on the topside of this accumulation zone at 0.30406.
Re-entry would be along the 0.277 - 0.304 support going long towards
TP1 🎯 $0.37
TP2 🎯 $0.41194
ADAUSD $0.50 Next LONG TargetCardano has been a slow mover this previous month after posting over a 100% gain at the start of the new year. From here, ADA has been mimicking the price of ETH to a Tee and will continue copying the price of that asset.
The ATH price on Binance is $0.36, which ADA is heavily fighting for right now. A successful gain of this resistance zone turned support is huge for the coin and will continue pumping it up.
My next long targets moving forward on Cardano are:
TP1 🎯 $0.3885
TP2 🎯 $0.416
TP3 🎯 $0.45420
TP4 🎯 $0.50282
XAGUSD Silver is a Sleeping BeautyLast week, investors in the Reddit group WallStreetBets drove up the prices of shares in heavily-shorted companies, notably GameStop, forcing hedge funds to cover their shorts by selling big long bets. Now, the next retail interest is Silver, because just like GameStop and the other private equities, Silver is heavily shorted by the banks and the real price is held back by these large institutions.
The gold-silver ratio, which describes the relationship between the two metals' prices, historically converges near an average of 60, meaning that the price of Gold is often around 60 times higher than silver.
So in terms of cryptocurrencies, the gold/silver ratio is most similar to the likes of something of the ETH/BTC ratio.
What does this mean for the price of Silver?
Well the price of Gold right now is just under a Spot price of $1900, and you divide that number by 60 and get something around the likes of $31. This $31 level and a $30+ silver has not been seen since early 2013. Silver has a good chance of hitting the TP3 level placed at the distribution zone of $34.610 - $35.35 as this level is the start of the downtrend and created a 7-year long valley. The breakout point of Silver to the TP4 level at $47 can only be hit if we see a TP3 close first.
This is a long term chart looking at the 2-week, don't expect this to play out right away. Hopefully I can look back at this chart at the end of the year and see how this played out. Here is to a profitable 2021 🥂
XRP Pump & Dump Feb. 1st, 2021With all the craziness in the private equity world with heavily-shorted stocks like Gamestop or AMC pumping 300% in a day, all that momentum / energy doesn't just fizzle out, it carries over into another asset. This occurrence is very typical in the top of a cycle of a bull market and signals that this growth and momentum is definitely unstable for the longer future and there needs to be some type of large correction.
XRP pumped a little over 150% over the weekend, starting from the start of the uptrend at 0.225 after bottoming out and finding support there. The XRP Scheduled Pump for Feb. 1st only benefited those that are already holding XRP tokens and didn't continue its pump today towards 0.80 or 0.89 and above.
From here, XRP has found bottom at what looks like the 0.36 - 0.40 support range as well as there is a longer term trend line that is holding above now. This pump was one of many that are going to happen not only on XRP, but across the market we should start seeing some moves like this across coins / the private equity market.
I'm expecting XRP to consolidate for a little while around this 0.36 - 0.40 accumulation range before it starts to move back up. It did dump 50% overnight, a lot of people selling off and taking profits from this most recent dump.
BTCUSD Falling Wedge PatternBitcoin is in a falling wedge pattern created from the high at $41,337 earlier this month and the support level right above $30,838.
From here it looks like BTC tried to breakout and got rejected off of the $37,560 resistance and came back down to trade inside of the downtrend again. Looks like Bitcoin will find a potential support right underneath $30,838 level and bounce off the bottom of this falling wedge before breaking out to the topside.
ETHUSD 4H Update - 1/31/21Going to reverse a little bit more after rejecting off of $1347 - $1373 level and place the 3rd confirmation on this trend line around the $1221 - $1240 level. From here it might trend underneath the uptrend and then breakout or reverse right off of it to $1373 and above. If this plays out it'll pump next week at the earliest around February 4th.
ETH is still consolidating inside this ascending triangle and still has not made a move up or down yet. If ETH breaks out to the top side of this ascending triangle its going to go test $1594 previous 2017 ATH level and above.
ETHUSD Potential Breakout Through $1373ETH is approaching the $1347 resistance level and at the moment trying to break above $1373. If it could find support above $1373 on the daily it'd start heading to new highs.
Daily Timeframe of ETH
Looking at the daily timeframe of ETH its trying to break above the local high level of $1373 going long towards $1435 and then $1594.89 for the local ATH price on the exchange Kraken.
At the moment, ETH is consolidating or has been between $1111 - $1373 and swinging in that range. If ETH does not pump through this $1373 level on this pump on seen on the 4-Hour then it will continue to range between the two. Notably ETH has been consistently creating higher lows and each support level is being bought up.
It is heading towards $1435 and then $1594 for my targets
As always please do your own research, I am not a financial advisor.
BTCUSD Reversal Triple Bottom at 30,838I haven't done an update on Bitcoin in a while, mainly because it has been consolidating around the $30,838 level before it moves back up.
BTC found a triple bottom support along $30,838 and looks like this level is going to hold going into the new monthly candle as well as hold its own against the CME Futures. In addition to the CME Futures, BTC also notably has the Chinese New Year dump & Valentines day. Let's zoom out to the daily
Daily Timeframe of BTC
BTC is holding $30,838 and right now if it closes near the $33,099 resistance level that paints a bullish engulfing candlestick on the daily going long towards previous highs.
Don't get too bullish yet because it still has to break out of this downtrend so it will probably continue consolidating in $30,838 - $34,484 unless it breaks out higher.
Going long, my new targets are:
TP1 🎯 $33,099
TP2 🎯 $34,484
TP3 🎯 $36,327
TP4 🎯 $37,560
As always please do your own research in no way is this financial advice, I am not a financial advisor.
LINKUSD Next Targets After PullbackLINK broke previous ATH and has created new fib levels that will hit after a minor pullback.
Chainlink on the Daily Time frame
Taking a look at the daily timeframe, LINK is having a hard time trying to make higher highs after wicking the 0.618 Fib level. From here, I can see LINK consolidating in the $21 - $24 range before moving up. It is very volatile right now after making higher highs earlier in the month.
XRPUSD Accumulation ZoneLooking at the 4-hour, 0.24535 marks the top of the accumulation zone and a prime point for an entry, I believe XRP will bounce off this level
Daily Time frame of XRP
Looks like after the August pump in 2020 XRP dipped back down to 0.24535 and then pumped from that level again to newer highs in 62 days, a little over 2 months.
Now XRP has found support at the same levels and will continue to accumulate for 2 months and that puts it right at the end of February after the SEC case.
Where do you think the price of XRP is going?
LTC Reversal Off of $121 Going LONGLitecoin just hit support at the $121 - $124 range and I believe it will reverse off of here. it will take time to reverse and a pump should come in the first week of February.
Daily Time frame of LTC
Looking at the daily time frame of Litecoin we can see that its already dropped 34% and looks like its bouncing off of $121. Its going to take some time to bounce back but this was a typical capitulation sell off. I believe it will bounce off of $121, worst case wick $114 before reversing back up.
LTCUSD Daily Update - 1/23/21Quick update on Litecoin, after getting rejected off of $183 the local high level, the price pulled back down to $121 - $124 on that initial 33% drop and then again creating a lower high at $159.65 and a higher low at $136.38
From here, LTC is hovering in the $136 - $145 accumulation zone and is gearing up to breakout going towards:
TP1 🎯 $159.65
TP2 🎯 $171.55
TP3 🎯 $183.81
Since Jan. 11th, cryptos have been in the same capitulation sell off and still creating higher lows. The dump is already in, it's going to slowly creep back up in a cup & handle formation.
BTCUSD Daily Update - 1/23/21Quick update on the BTCUSD, looking at the 4H time frame, it has found a potential support level along $30,838. At the moment it really looks like it is painting a bearish picture, but I believe that even if it dumps it is not going back and touching the previous all time high price. The lowest I see BTC going is about $28,377 - $27,771 level, maybe $25,536 touching this channel.
However this is the bearish side of the coin. The bullish sign is this potential support bottomed at $30,838 and is going to reverse from here. BTC couldn’t close under $30,838 and this is the start of the uptrend created bringing the price up to $41,337 (local high)
Other coins like ETH look like they’re going to reverse, or BTC could consolidate for a while around $30,838 - $34,484 and trade in this range while altcoins catch up in market cap and regain their previous all time high prices made in 2017.
Either way BTC is trading in no man’s land right now and playing trades using leverage is very risky. I’d wait for a clear indication of reversal in either direction.
ETHUSD Daily Update - 1/23/21After breaking the $1373 previous ATH, Ethereum took a dip all the way down to $1111. Even with this dip, it’s still made higher lows which is still a good sign that the pump isn’t over.
1st low $975.99 without a close below
2nd low on $1111 without a close below
It’s going to accumulate between $1166 - $1284 before breaking out towards
TP1 🎯 $1373
TP2 🎯 $1435
TP3 🎯 $1594
It's going to take some time to reverse, won't happen overnight.
Bitcoin Dominance (BTC.D) - Altcoin Season ComingUpdate from my previous Bitcoin Dominance (BTC.D) post where I called the 70.21% top and the wick of 72.04% before dropping, you can check it out in the related posts.
BTC.D didn't see a single candle close on the weekly over 72.04% which is very good in terms of altcoin season coming as it doesn't look like it's going to go any higher.
Previously in the fall of 2019, BTC.D also hit a high near the price it hit over the 2021 new year at ~72.04%.
This looks like a classic double top pattern and at the moment BTC.D looks like its holding this uptrend, but could break it and start falling like the price did in 2017 for the 1st altcoin season.
With coins like ETH/BTC popping off and making highs for the 1st time since 2018, this ratio looks very promising to dip. Also many other altcoins look like they're at their bottom & starting their reversal like LTC, XRP, XLM, etc.. to name a few. This is just an update from the post, called the top at 70.21% if it reverses down now.
If the ratio falls and we see an altcoin season, which could be a possibility now that Bitcoin is already up over 50% since hitting its ATH, it could chill out around $30,000 - $40,000 as these altcoins find their previous ATH prices.
Can't really trade the BTC.D besides understand the 'altcoin season index' but here are the levels i'm looking at for a reversal:
58.25%
53.30%
40.69%
35.75%
As always please do your own research, I am not a financial advisor.
BTC LONGTERM TARGET $250K+Good morning traders to day I want to present to you something I found while looking at the log weekly.
+Many know that every 4 years there is a big event in the crypto space called the Bitcoin Halving and if you are looking for more information on the Bitcoin halving I recommend you check out the link in the comment section.
+Our most recent halving was in May 2020 and we haven't even reached a year into this halving and Coin has nearly Doubled its ATH
+In the 2017 Halving Coin hit almost 20K and in the 2012 halving Coin peaked around the 1k range.
+Needless to say every halving peak seems to be increasing and increasing
+That is why I think BTC will be around the $250K range during this halving peak.
+I want everyone to keep in mind this is just my prediction I drew a Rising Channel on the weekly timeframe so we will see pullbacks along the way like how we are seeing now.
+Invest safe and make sure you look into the fundamentals ive been bullish on BTC longterm ever since I learned about it and my pov still hasn't changed