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.
Easyloottrading
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
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
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
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.
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
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.
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.
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! 🚀
LTCUSD Mimblewimble Pump to $262This is an update from my previous Litecoin read where I said $218 was the next long target placed at the 2018 local high. When Litecoin follows the path Bitcoin and Ethereum have been taking on this reversal, its going to hit the weekly resistance at $262.
From here, I wouldn't be surprised if Litecoin sees the rest of this week in accumulation either after wicking off the $218 level or coming back down and retesting the $183 level before breaking out of the valley formed from the previous dump.
This upwards channel is the bottom in terms of price for Litecoin, for months on months we've seen this channel very well respected for LTC with only minor dumps down into the channel.
Litecoin could get squeezed in between this channel and a level of either support or resistance until it breaks out upwards. It is only a matter of time before it breaks out to the upside. Also to note, MimbleWimble on LTC live March 15th, 2021. So at the end of this week there is news that is perfectly timed to the price action of Litecoin... coincidence?
What is Mimblewimble?
Mimblewimble is a blockchain protocol that allows for a completely private transaction platform through a unique security framework that is markedly different from that of the pseudonymous Bitcoin cryptocurrency. In Mimblewimble, there are no addresses and transactions are fully confidential.
Thank you traders for all your continued support whether it be a like, comment, or follow. I appreciate all of it and will continue to give you all my views on the market. 🥂
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.
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.
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
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.