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
Easyloottrading
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.
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.
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.
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
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.
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📊
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
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
Bitcoin Is Exhausted | Alt-Season Inbound [W] BITCOIN IS EXHAUSTED or is it?
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As we move into 2021, we watch as news outs from Cramer to NELK boys push the conversation toward Bitcoin and other notorious coins as Bitcoin sets new ATHs . Everyone seems to be scrambling for a "price target" from such sources but no one seems to be able to put a finger on it. Bitcoin set a new all-time high at $34778.11, before showing faint signs of clear exhaustion. Bitcoin could very well be forming another wedge forming as we saw in Nov/Dec before it broke, but we MUST consider a key level on the technical side of things (which seems like one of the only sane indications). ( CRYPTOCAP:BTC CRYPTOCAP:TOTAL2 CRYPTOCAP:ETH )
(1) Bitcoin's run could've been anticipated, starting with the break of the clear break of resistance toward the end of July. This first break wouldn't indicate a direct buy as we'd look for that retest as support before confirming a change in trend (regardless of timeframe).
(2) Bitcoin was confirmed bullish on the retest of the previous resistance, which confirmed it as support moving forward. Bitcoin was confirmed bullish at the start of October which left us with a few targets in mind... $24,970, $19,798, and beyond with the breakout of $20k.
(3) Once Bitcoin made the break of $13,970 it engaged in a series of ladders before starting the parabolic jump the week of Dec 14th.
(4) Bitcoin is exhausted... Or is it? Putting a finger on Bitcoin during a move like this is extremely difficult. With that said, I believe I've found a trendline that seems to be quite accurate as of now. As we tested and set an all-time high of $34778.11, we also come very very close to smacking right of (4) . Bitcoin is extremely volatile and has a few options at this level. Either we'll see Bitcoin push, break, and continue past $35k or we'll see a nice cool-off. I believe Bitcoin will perform a cool-off up until late Summer/early winter, which will lead to a small bounce as it will set another range to be traded at over the next years.
Google Trends:
(trends.google.com)
Talk about Bitcoin didn't really start "trending" until October, we can confirm this on Google Trends. The change in the trend of Google searches is clearly reflected on the chart. This doesn't say much but it gives you a better image of how the news/hype travels.
DCJ
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! 🥂
BCH Laddering Up to $420+Heres a quick BCH read for the BCH fans out there your gonna love this!!
+On the 4 hour we can see multiple attempts at the level $368 but here why I think we will break this time and ladder up to test new resistances.
+As you can see here I've identified BCH current valley it is facing.
+BCH is coming close and close to the top of this valley as respecting the bottom part of the valley very well only wicking and testing it and now closing below
+ On the 15 Min TF we can actually see a wedge that was formed with the level
$343-$349 as supports.
+Breaking this Fractal Wedge will allow BCH to ladder up or Possible even explode to my TP
+1st TP $386📊
+2nd TP $402📊
+3rd TP $420📊
Jumia The HIdden Gem, New Highs Coming?Toward the beginning of December, we saw Jumia make a strong correction after hitting $40 all the way back to $24.5 before making its way back to $40 zone. Personally I think Jumia is still on track for a continuation toward the upside after this correction, once we break and retest $41.
Jumia is a hidden gem right in front of our faces... Jumia is an interesting company yet it seems like it's a bit behind a modern-day business like Amazon. If Jumia were to hold strong and push for profitability, we may see this become a hidden gem as we move toward the next-gen of trade, business, and life in general.
For my complete analysis including company numbers on JUMIA, please refer here: EasyLoot.com/Jumia
DCJ | Happy Holidays!
RSR Bullish Movement+RSR is coming towards and wedge and has created level adaption on $.016
+on the 12 hour we can even see some Accumlation between the levels of $.016 and $.2
+After its second attempt of trying to break this downtrend(white level) it came right back to its support at .016 and started its next ladder up and now seems to be adapting $.018 a residential now hopefully turned support.
On the 1 hour TF we can actually see 4 days of accumlation between the levels of $.016 and $.018
+ Before grabbing my long I would like to see some Level adaption at $.018
+Creating Level adaption here would allow RSR to ladder up to my TP's
+TP 1 $.022📊
+TP 2 $.024📊
Thanks for Reading my TA on RSR have a great day
Chainlink Will it PUMP OR DUMP?+Chainlink Today had a great run
+When I woke up this morning I saw Link was up16% but slowly started pulling back as we faced/created another downtrend (Purple Level)
+ In the last bleed Link had it came down to $9.89 and then we started seeing some level adaption around $10.6
+The Green Level is a resistance now turned support $12.3
+ Creating level adaption at $12.3 would allow Link to break the purple downtrend and start to ladder up.
+Don't try to be a hero and catch a falling knife especially if your new to trading sometimes its best to just gives the charts time.
+If Link can break we will later up to my TP's
1st TP $13.86📊
2nd TP $16.09📊
ADA BULLISH BREAKOUT+ADA facing another attempt on its 4 year valley .$169
+After its first attempt on this valley we saw a major pullback 35% and closing right above $.13 support
+Since then it has created a accumulation zone and I have identified a bullish trend line that was stared on the 16th.
+We can see it has tested this level 3 times confirming it as a official bullish trend.
+ on the daily we can see we are also coming to
and end this wedge. Breaking this wedge and breaking the 2 year valley would allow ADA to Hit new resistances.
+Only time will tell with this one because ADA hasn't made much movement in the past so im not betting big on this postion.
1st TP $.18 📊
2nd TP $.2📊
ETH When To RE-Entry+Woke up this morning to a nice pump on ETH and many other ALTS
+If you missed this pump no worries because there are many more to come.
+ On this most recent pump ETH break through 2 resistances and wicked $714 to a T
+Lets remember the rule of First Touch rejection.
+This is the first time ETH broke 700+ in 2 years. and Also first touch on $714 so a pullback should've been expected.(RIP the noobs who bought the peak)
+My first re-entry is $661 now I don't think this is the bottom but im going for a scalp on this one.
+My Second Re-entry is $636 this is also where the bullish trend line will meet.
+ETH reversal after this is going to moon this the last shakeout before we see 1k+ hope your ready for the pump!!
Bitcoin Dominance (BTC.D) Approaching ATHLooking at the 1W timeframe of the Bitcoin Dominance Ratio (BTC.D) is slowly re-approaching it's previous all time high. This means that right now BItcoin's market cap is about 70% of the entire crypto market cap and still rising.
Since the altcoin season at the end of 2017, the Dominance ratio has been gaining and doubled from 35% to 70%. From here on the next weekly candle, BTC is going to retouch the top mkt. cap dominance at 72.04%.
Another option for the Dominance is that this weekly candle (just like the move up to 72%) closes below the level and doesn't gain it as support. At the start of the altcoin season we saw the exact same candle pattern on the weekly where it 1st touch rejected off of the 70% dominance level before proceeding to fall in the following weeks.
Right now, that same exact pattern could play out. We are now 3 years exactly from the previous altcoin season and have seen many coins been shaekn out as well as 10x and 100x growth on more-known altcoin projects. It's only a matter of time before the dominance crashes again for another altcoin season and i'm going to continue posting this chart giving updates until it happens.
In 2017 also to take note of, Litecoin (LTC) lead the altcoin season and right now it seems to be outperforming the market by a lot after breaking out of a 2-year downtrend.
History doesn't repeat itself, but it often rhymes.
ETH Accumulation Before It's Next Move Up+Crypto markets have been in one hell of a ride these few days and the parties just getting started.
+After Breaking out if its downtrend (white line) we saw ETH do 25% in roughly 5 and a half days.
+Most people TP were $686 including mine but what most of us forgot is the monthly level of $669
+Once we had our first touch on this level we saw a scam wick down stopping out all the noobs that fomomed in a grabbed longs.
+If you have been trading ETH for awhile you remember what happened when we first tested $486
+We seem to be creating the same type of pattern here and my guess is well be seeing a slow bleed to $618 accumulate along tis level and have our 3rd test on this Possible Trend line.
+Now I saw possible for 1 main reasons a trend line needs 3 confirmations/Tabs to confirm we are in a uptrend. This atm only has 2
+ETH is exhausted moves don't go up forever without a healthy pullback
+Respecting the level of $618 and bouncing off of this potential trend line I believe ETH will have enough momentum to ladder up towards $784
First TP $732
Second TP $784
Ocean Bullish Continuation? +Just came across this coin while scanning markets so here's a quick read on it
+Never heard of Ocean before but it definitely caught my eye when I saw it was up 9% on the day.
+Typically I don't like to chase coins that are already on its move up but I think its possible Ocean will keep pumping.
+The level $.335 is a support and our current resitance is at $.6332
+Previous resistance was .42 and after breaking this level Ocean created level adaption .42 making that its new support. after this it went for a test of $.63 but was short and started laddering down.
+After ladder down we see that this .42 was still being used a a support but got rejected by the downtrend I have drawn on the swing high.
+Now ocean is attempting to break this bearish trend and if it does I really think it will be able to have its first test of $.6335
+if not there are a few ways this could play out. $.335 still did not get tested yet so there is a possibility we see that level again and create another accumulation zone if we reject this trend line.
+The white trend is just a trend within a trend but the trend we need to break is the blue colored downtrend. Based on the 12 hour it seems this blue level downtrend still has lots of time before being broke so I wouldnt jump in right away. Sometimes its best to just give the coin time and let it does it thing before grabbing a long or short.
$1 Dollar XRP Coming soon 2021 Bull-Run+if you missed the recent pump for XRP when it did 128% in 28 days no need to worry because another pump is coming.
+XRP on the weekly tested its swing high of $.74 and had a pretty heavy rejection after.
+After its attempt of $.74 it came back to its resistance of $.46 and make this level its new support.
+Here on the 4 hour we can see that really wants to break out of this downtrend trend line and once it breaks we will see a ladder up towards my Tp's
+
+XRP new Support is getting respected very nicely and to me this looks like a breakout towards bullish activity.
+ Once we breakout these are my TP's
+1st TP $.86 📊
+2nd TP $1.004📊