ETHUSD Broke out of Ascending TriangleETH recently broke out of its ascending triangle and 1st touched $1435 before pulling back to $1284.99 and then had a daily close over $1373. From here i’m expecting a little pullback as makers continue to shakeout longs and retest this trend underneath $1373 until it breaks out to:
TP1 🎯 $$1435
TP2 🎯 $1594.89
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ETHBTC 1W Outlook 🚀🚀 Looking at the Ethereum / Bitcoin ratio on the weekly timeframe we can see that ETH for the past 4 weeks has been outperforming Bitcoin in a very aggressive bullish pattern for the first time since late 2017, early 2018.
ETH/BTC ratio regained the uptrend formed from those dates 3 years ago and looks like the bulls have re-entered the chat.
I've been looking at this chart for over 3 years and now more than ever it looks like the time this 'altcoin season' is going to finally play out. Moving forward here are my take profit levels for the long term:
TP1 🎯 0.038570
TP2 🎯 0.053672
TP3 🎯 0.084004
TP4 🎯 0.105244
TP1 has already been 1st touched, and this level is week. I'm expecting ETH/BTC to blow through that level to TP2. Also to take note, CME is adding ETH futures, to become the 2nd cryptocurrency to have a publicly traded futures on the stock exchange alongside of Bitcoin. For the 1st time in over 3 years, its the next crypto to be added to the Futures list.
The best is yet to come!!!!
ETHUSD $1594 Next LONG TargetETH hit the $1373 level to a tee and is currently fighting to close over it on the most recent 4-hour candle.
From the $788 initial move upwards, ETH has consistently been creating higher lows on top of higher lows. Since the capitulation dump down to $975.99 it didn't see a single candle close underneath that level and regained the $1111 support level very quickly after that. From here, ETH just created higher highs out of this ascending triangle, surpassing the previous local high price and is headed towards this 2017 ATH price of $1594.89
TP1 🎯 $1373.40 (hit to a Tee)
TP2 🎯 $1435
TP3 🎯 $1594.89
I would just like to add that not once did I call short when everyone and their mom was saying that we were going to see triple digits again. Who is talking now? I called this capitulation to a pump to a Tee! Please read my related charts if you think i'm capping, thank you.
To everyone that has been continually supporting me, I want to take a moment to thank you for all your support it means a lot ! Everything from a post view, to a like, to a comment, I appreciate it all and the best is yet to come!!!!!!! 🚀
LTCUSD $171 Next LONG TargetLooking at the 4-hour timeframe on Litecoin, we can see that it got rejected off of $183 all the way back down to $124.
Quick update from my previous LTC analysis, it looks like it's formed a double bottom on a smaller timeframe and is reversing back up.
LTC has already knocked out the $145.63 TP level and turned that resistance into support. The next long targets i'm looking at are:
TP1 🎯 $159.65
TP2 🎯 $171.55
Eventually after LTC hits the $171 level, it's going to surpass its previous highs and hit $218, there's no doubt about that. This was a typical capitulation sell off down 33% in the span of a day. From here, when everyone started shorting this is when you should've placed your longs
ETHUSD $1358 Next LONG TargetLooking at the 4-hour timeframe, ETH bounced off the $975.99 weekly level without a candle close below it and has created higher lows. This was a capitulation sell off that pushed the price down 27% and has been slowly gaining since.
The $1111 level of resistance turning support was the nail in the coffin of the bullish momentum returning, even though we already knew it was. The TP levels placed on the last chart of $1144, $1166, and $1221 already hit and the next levels moving up are:
TP1 🎯 $1284.99
TP2 🎯 $1358.82 (local high)
Once ETH breaks through $1358.82 and closes above, it’s going to hit the previous 2017 ATH price at $1594.89 and beyond depending on which exchange you’re on. This chart is from Kraken, but if you’re trading on Bitstamp I know the all time high candle wick is $1420, and on other exchanges its ~$1448. This depends on which exchange you trade on, and I suggest looking at the top of the wick to mark the ATH price. It was so volatile in 2017 during the peak that there are completely different prices on exchanges.
BTCUSD $41,337 Next LONG TargetJust like that, Bitcoin reversed back to basically the previous highs created last week before the dump back down. I can't believe all the short calls called out, absolutely ridiculous. People see the dump on BTC down 30% and think that it's going to continue dumping 40-50% when the real short move is already over.
Pretty obvious that there's a double bottom formed as well as BTC held $30,838 without a candle close underneath.
Bitcoin is now approaching $41,000+ again and will hit that as the 1st TP target going long:
TP1 🎯 $41,337.96
This move that we saw on the drop down was pure capitulation. You can scroll thru my chart from Sunday, called it to a Tee. This is going to be the biggest pump right under our noses. From here after a close over $41,337, BTC is going to head towards the Fib level at $54,000.
ADA Last Shake Out Before ATH's+Coins are looking good and very similar across the board.
+ADA after being in accumulation since the end of Nov finally broke its resistance during the beginning on January and just sky rocketed from there.
+Multiple test on the Monthly resistance
$.34 cents but failed to close above this level and also failing to test its weekly resistance of $.36 cents
+as we can see failing to break that monthly level it came back down to the level of $.24 cents.
+ After a 100% pump in a matter of 5 days Ada is going to need some time to cool off rest and prepare for its next move up.
+Here on the 4 hour chart you really can't see much.
But on the 30 minute it looks like Ada is creating accumulation zone.
+Its simple at this point if you missed the $.24 entry your gonna want to find a breakout on the 30 or 15 minute and hold that postion before ATH's
I dont think we will pump right way due to the fact we already pumped nearly 100% in juts 5 days this move is exhausted and definitely needs some time to accumulate.
First TP $.31📊
Second TP $.34📊
Third TP $.36📊
BCHUSD Consolidation Around $435 - $482Bitcoin Cash hit all our TP levels hitting $482, $515, and $630 to a Tee before pulling back all the way down and wicking $404 to a Tee. Who knew you could hit so may tee's without swinging a golf club ahaha
Not joking, not only did BCH wick $404 to a tee, but it hit and held this uptrend as well as the $435 weekly level. From here, the dump on BCH is over and we can start looking at long targets moving forward i'm looking at:
TP1 🎯 $482.50
TP2 🎯 $515.90
Re-entry would be along $435, although i'm not sure if we'll se that again as BCH is still creating higher lows. We will see BCH surpass previous highs and beyond moving forward, it'll just take a bit of time to fully reverse and reach those previous levels. Stay patient and trust the charts
LTCUSD Capitulation Selling, Bottom is inJust like the rest of the crypto market, Litecoin suffered a major dump back down to $121 - $124 support range where its holding not only that level but also this uptrend drawn way back that held to a Tee.
From here, I really believe that the bottom is in and its only up from here. Notice how nobody was short at $183 (including myself, a little delusional on the bullish momentum not gonna lie) and now that we're at $124 everybody and their mother is short. In trading, you need to go against the grain to make money, if you're doing exactly what everyone else is you're never going to profit and you're chasing a move that's already played out.
Quick maths, Litecoin from the top at $183 down to $124 dropped 34% in the span of just over a day and honestly how much farther can it go down? 34% is almost basically half of the market cap annihilated overnight, do we all really think that it's going to continue dropping 50%, 60%?
From here, if you don't know what the definition of capitulation is I would highly suggest looking it up on Investopedia. Take a look at the chart example and it looks exactly like this chart, typical capitulation sell off.
Litecoin also rejected off of $145 but created a higher low and didn't go all the way back down to this uptrend level. I would set a buy order long on $136.38 support going long towards:
TP1 🎯 $145.63
TP2 🎯 $159.65
TP3 🎯 $171.55
LTC ANOTHER PUMP INCOMING+What a tragic bleed for LTC and many major pairs we saw over the past 2 days.
+Pullbacks like this are actually healthy in many ways tho
+Let me quickly explain what caused this pullback first
+So markets went absolutely nuts and most coins pumped over 100% in just weeks time.
+Lots of noobs saw this and thought that they could jump and hop in the bandwagon not realizing that nothing goes up forever in such a short period.
+Market makers know better then that and just wiped out every noob that bought in last week.
+Most coins pulled back on avg 32% keep in mind in the crypto space a 35% pullback is still healthy hate to say.
+So what next for LTC you wondering ill make it nice and simply
+LTC came back down to Daily support at 113 and is now starting to show signs of reversal on smaller timeframes
Here on the 1 hour we can see that hammer candle that wicked $113
+ Im not expecting LTC and these other coins to just skyrocket from this dip but more a laddering up followed by some accumulation mlation and distribution.
First TP $164📊
Second TP $202 📊
Thirst TP $227📊
$FLWS 1-800-Flowers Bound to Pump | Valentines Trade1-800-FLWS is picking up steam and looks like a buy as we move into the new year and toward Valentine's day. We hit this last year, let's see if we can again!
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Easy Loot Price Target Update:
Easy Loot is raising our price target for FLWS from $27.5 to $32 which would indicate a 16% increase. Easy Loot believes FLWS will continue to strive using the playing-field Covid-19 has formed, with a big focus toward delivery-based and online sales.
Easy Loot will look to enter FLWS later this month, probably during the last week of January with hard shares and naked calls expiring early summer.
Trade ideas will be posted inside Easy Loot, be sure to join our community as we tackle 2021!
DCJ | Easy Loot Price Targets
ETHUSD Capitulation to New HighsThis latest downturn may well be a precursor to ETH blasting through its previous high of $1,420. That is, of course, if news from the New York Attorney General (NYAG) about their investigation into the world’s largest stablecoin, Tether, doesn’t throw any surprises on January 15th. Tether, which has now issued nearly $24 billion USDT coins, is under fire for allegedly misusing funds to cover an $850 million loss at its sister company, Bitfinex. Unlike most other stablecoins, Tether has not been publicly audited and operates outside of the US, allowing them to scale to the size they have while competing coins like USDC have fallen behind with just $4 billion issued.
At this point, the existence of the assets backing Tether’s $24 billion USDT balance is firmly in doubt, despite claims from the company that each USDT is backed 1:1 by reserves. Regardless of whether Tether should be given the “benefit of the doubt” (as many people do), without any transparency on their accounts and with Tether firmly entrenched in Ethereum’s burgeoning DeFi ecosystem, the systemic risk is hard to ignore. Perhaps January 15th will give us a little more clarity on how this might end.
Honestly this may be the biggest shakeout (capitulation) before the biggest pump and surpassing the previous all time high. ETH bottomed out again along $975.99 and broke out of this downtrend, now just gained $1111 (which I was going to signal as a TP) slowly gaining long again towards:
TP1 🎯 $1144.47
TP2 🎯 $1166
TP3 🎯 $1221.94
TP4 🎯 $1284.99
If you are entering long I would suggest along the $1111 support level heading towards these TP levels.
BTCUSD Will Return to Previous Highs Quick update on the Bitcoin chart, haven't done a read on the 1-hour timeframe on this coin in a while.
After this dump we saw right after the weekly close on Sunday, Bitcoin started reversing back up and regained $33099, $34484 support, as well as this 1-hour channel. This dump also knocked out all the over-leveraged longs as well as the fear/greed index dropped significantly from 95/100 down to 84/100.
Why I think this is a shakeout (capitulation) is because we've seen this exact move play out earlier this year on January 4th. Bitcoin dipped down to the $27771 (0.786 Fib) level in the span of 22 hours and a total of 20%.
Now on this most recent dump down, BTC sold off 25% in the span of 1 day and 6 hours, all the while creating a higher low than the previous dump. If Bitcoin would've matched the previous low or even dumped lower then I would consider shorting down to the previous ATH price. However, this is not the case and the bull run continues. Here are my targets going long:
TP1 🎯 $36327
TP2 🎯 $37560
TP3 🎯 $39696
To everyone who shorted the top, I congratulate you, as that was a beautiful play. We play both sides, we're just here trying to make money at the end of the day. I am confident Bitcoin will return to previous highs
Ethereum New ATH's+ETH has been insane lately and the question is now where to re-enter.
+If we take a look at the Daily we see a resistance at $1365 that ETH failed to wick last night.
+$1365 is the last weekly level before ATH.
+Let's keep in mind that many people are foaming in after a 121% jump in 18 days.
+Market makers realize this and will mess with your heads but wicking it down and scam wicks.
+Just alone tis week we've seen 2 scam wicks
+Stopping out longs as we continue to laddering up thats what the market makers are doing.
+For ETH to continue to pump we have to day a daily and 12 hour close above that $1290
+Closing above $1290 would allow ETH to have Its first touch at the $1365 level
+Weekly close is In about 6 hours keep in mind we'll have to paint the bottom wick somehow so I dont expect for us to just pump right after close.
+Longterm Holders just hold your bags tho its about to PUMP
ETHUSD $1594 Next LONG TargetEthereum, the #2 cryptocurrency by market cap, is creeping up on its previous ATH of $1500 for the first time since hitting that price in late December 2017.
Since breaking out of the $788 3-year valley, ETH has been soaring with no signs of slowing down anytime soon. It has consistently been creating higher highs and lows while knocking out resistance levels left and right.
The $1594 level marked out on my chart is the wick of the ATH candle and the body is $1358. Once ETH crosses $1358, there is basically no resistance until it hits $1594 and beyond. Here are my targets going long:
TP1 🎯 $1358.82
TP2 🎯 $1594.89
LTC $218 Next LONG TargetQuick update from my previous Litecoin analysis, after it 1st touched the 2-year valley at $171.55 and rejected off it, LTC came back down and retested $145, which was the 2019 swing high level.
Now regained the $171.55 level and just wicked the 2nd TP placed @ $183
Going long if this 4-hour candle can close above $183, this sparks the bullish momentum again towards this TP level:
TP1 🎯 $218
$218 is a 2018 level created off of the swing high relief rally on the weekly timeframe after Litecoin hit its all time high
Bitcoin Logarithmic Growth - Halving Event ExplainedAn update on the BLX (BraveNewCoin Liquid Index for Bitcoin) on the 2W timeframe from last year's chart. You can find last year's analysis in the description below.
In Bitcoin's short 12-year life span, it's had 3 halving events:
1st Halving: 11/28/12
2nd Halving: 7/9/16
3rd Halving: 5/11/20
What is a Bitcoin Halving?
Every 210,000 blocks mined, or about every four years, the reward given to Bitcoin miners for processing transactions is cut in half. This cuts in half the rate at which new Bitcoin is released into circulation. This is Bitcoin’s way of using a synthetic form of inflation that halves every four years until all Bitcoin is released and is in circulation.
This system will continue until the year 2140. At that point, miners will be rewarded with fees for processing transactions that network users will pay. These fees ensure that miners still have the incentive to mine and keep the network going. The idea is that competition for these fees cause them to remain low after halvings are finished.
In 2009, the reward for each block mined was 50 Bitcoins. After the first halving it was 25, then 12.5, and on May 11th, 2020 it became 6.25 Bitcoins per block. Imagine if the amount of gold mined out of the earth was cut in half every four years. If gold’s value is based on its scarcity, then a “halving” of gold output every four years would theoretically drive its price higher.
The 1st Halving Event saw a 10313% gain, 371 days after the halving creating a new ATH @ $1,165.89
The 2nd Halving Event saw a 3138% gain, 518 days after the halving creating a new ATH @ $19.154.13
The 3rd Halving Event should see a 6725% gain, 444 days after the halving creating a new ATH @ $552,455.38
This upwards move after the halving is already starting to play out, and should see it come to fruition nearing the end of 2021. The global market cap just crossed the 1T mark, and Bitcoin sitting at a $754B market cap would be the 7th biggest company in the world. Right now, we're in the beginning of 2017 again and the best is yet to come!
"History doesn't always repeat, but it often rhymes" - Mark Twain
BCHUSD $482 Next LONG TargetA quick update on BCH after it got rejected off of $435 for the 1st time. Bitcoin Cash has yet to see a candle close above $435 after hiting it for the 2nd time on the 4-hour time frame.
Bitcoin Cash is looking like (especially on smaller timeframes) that its going to close over this $435 weekly level going long towards $482 and beyond.
TP1 🎯 $482.50
TP2 🎯 $515.90
LTCUSD $183 Next LONG TargetQuick update from my previous Litecoin analysis, after it 1st touched the 2-year valley at $171.55 and rejected off it, LTC came back down and retested $145, which was the 2019 swing high level.
From here, LItecoin was consolidating between the $145 - $159 level before continuing its move upwards for the next breakout towards $171 - $183.
Going long if this 4-hour candle can close above $159, this sparks the bullish momentum again towards these TP levels:
TP1 🎯 $171.55
TP2 🎯 $183.81
ETHUSD $1358 LONG TargetQuick update from the previous post where ETH hit $1111 to the Tee on the daily timeframe.
From here, ETH backtested the $975.99 level 3 time (more evident on smaller TF's) but just like BTC's $30,000 level, it did not see any candle close below the $975.99 level. This is what makes me believe that bulls are in full control and this pump is just getting started. The pump stopping right now would be like throwing the coolest party on campus and then telling everyone to go home at 11pm because it's over. The party is just getting started, it's 9:38pm and all the girls are just starting to show up.
Ethereum has already seen 3 rejections off of the $1111 level without closing above it, so its trending in between the $975.99 to $1111 region until it eventually breaks out to the topside. This is inevitable, it's going to break out to the topside, I don't know how to describe it I just know.
Once ETH closes above this $1111 weekly level it's going to the next weekly resistance at $1358.82 before it hits its ATH. (Side note to the market makers: I love the synchronicities in the market like the $1111 price, love to see it. I know now you guys are on the same WOKE stuff as me ahahaha, I see what you did there. I kid you not, $1111 is a well-respected swing low).
This $1144 level marked out is a 15-minute level that's going to get blown through as well as this $1221.94 resistance. These two levels don't stand a chance against the power of these bulls, these are simply put there to mark out profit taking / re-entry levels if you get stopped out.
Moving forward, we are going to see some crazy volatile movements in the market and we've seen nothing yet. $1358 is 24% from where ETH is sitting right now, and ETH has posted multiple 24%+ days before so this is definitely in the realm of possibilities.
Tyler & Cameron Winklevoss are very bullish on BTC & ETH and I believe they have a massive bag of both of these coins.
Cheers traders, thanks for all your support. The best is yet to come!!!
BTCUSD $39,696 Next LONG TargetThis chart is an extension of my previous Fib extension chart that completed at $30,838 (no pun intended).
You can look at all the previous targets hit to a Tee called all the way back from before it broke the previous ATH price of just under $20,000.
I drew my Fib Extension from the bottom wick of the dump on March 15th, start of the bull run, all the way to the swing high $19600 (Nov. 23rd) with the support being drawn along the well-known $16000 support level I have drawn out.
Don't think this Fib can get anymore accurate, every level has hit to a Tee and backtested each and every one on the way up. I have not touched this Fib Extension since Thanksgiving and will not touch it now either, there's no point.
From here, BTC is not done soaring, with all the retail FOMO and the institutional investors buying up BTC this pump is nowhere even over. Honestly the party is just getting started.
On this most recent dump back down, BTC backtested the $27771 Fib level (0.786) to a Tee as well as $28377 and found a candle close above $30865. BTC didn't have a single candle close below $30k and that's why I think the pump continues.
I thought it'd take a little bit longer to reverse and accumulate around the $30-32k zone, but I guess the bulls are gonna pump it again beyond $34k. It's already.
Bitcoin has already regained the $33099 level of support created by the swing high on the 1hour TF as well as right now it's coming up (you can see it on a lower TF) to the $34,484 previous high price.
A close over $34,484 would send the BTC price to new highs, not stopping or pulling back until it hits the $39,696 level placed at the 1.618 Fib level.
This number is right around the $40,000 psychological mark and it's going to wick 40k, 100% no doubt. The retail FOMO at $40,000 is going to be insane.. it's already nuts at $30,000, I can't even imagine what it's going to be like when everyone and their mom is trying to buy BTC again to try and make money just like 2017. Market makers will have a field day with these n00bs and they will get rekt.
Everyone says don't offload your Bitcoins at $xx,xxx because institutions will buy that up like nothing and that's completely true, however, you can make a decent amount of money off a pullback on the way up.
I'm expecting BTC to sit in between the $33-34k range before popping off and it might take a little bit for it to gain momentum again to hit the $39k, I don't expect this to hit overnight. However, a candle close over $34,000 the previous ATH will create so much FOMO that it just might hit $40k pretty soon. I'll do my best to keep y'all updated! The best is yet to come!
ETHUSD $1111 LONG TargetHey traders,
It's been one week exactly since my last ETH post, last week right at weekly close. There's been a lot of price action going on in ETH this past week so let's break it down.
ETH successfully closed over the $788 3-year valley formed in 2018 and has shot straight up like a rocket since doing so.
Looking at the daily chart, this move was formed all throughout 2020 with the initial bull market move starting on September 1st. The shakeout that happened after the August 28th pump was pure capitulation to shake out the weak hands before breaking through $470 and then $600 shortly after.
From here, ETH has hit the resistance levels of $812.50, $863, $916, and now is going to close the weekly over $975.99, all in the span of one daily candle.
Zooming out a bit, this is the 2nd candle of the three white soldiers pattern so i’m expecting another green day heading towards $1111 TP level.
I like that number, it looks nice. Also its a swing low created from the all time high in 2017 so its very significant and has been waiting to be hit for about 3 years now.
I know people are calling short down to $788, but realistically I don’t see that happening, especially not yet. It’s too soon and this pump should continue beyond $1000.
Right now going into the daily close, ETH is scratching the surface of hitting $1000, 4 digits again, and once this psychological level is broken it’s going to the moon. The FOMO is going to be unreal.
I believe we should see higher highs on ETH and these are my targets going long for this week:
TP1 🎯 $1111
TP2 🎯 $1221.94
I hope all of you had a great holidays and a happy new year, this is my 1st ETH analysis on TV of 2021. The best is yet to come! 🥂
BCHUSD $435 LONG TargetBitcoin Cash blew right through the $361 level of resistance and turned it into support after successfully closing above it.
From here, BCH knocked out the $379.60 level and the $404 weekly level all in the span of one daily candle.
BCH is following the momentum of Bitcoin going long towards $435 and above, first heading to close out the monthly level placed at $435.
Not saying that BCH isn't already starting its bullish trend, but the successful close over $435 would send the price towards $482.50 and above to $515
TP1 🎯 $435
TP2 🎯 $482
This is some Easy Loot, I know this signal is a bit late but I specifically waited until weekly close to post these charts to get a better sense of where the market is headed.