$ChainLink Pump After the Dump+Hello Traders in my previous Chainlink post I noted that this symmetrical was going to help us lead into another breakout.
+Unfortunately Chainlink did not break out of this triangle and you can see which lead to the massive dump over the past 2 days.
+The Weekly Level 16.5 was not even wicked in the past previous pump we got really close but did not touch so this does not count as first touch rejection.
+There are a couple of ways I think the next day and few weeks will play out.
+1st being we will continue to respect this trend line and slowly ladder up the white trend line.
+Another possibility's I see is we come back down to the symmetrical triangle for a retest and slowly ladder up from that point.
+Personally i am taking this dump as a opportunity to stack longterm and scalp on futures and reinvest my profits into longterm.
+I will only be giving 1 TP during this overview due to the fact I know it will take at-least a few weeks to reach my TP
1st TP $16.5
Easyloottrading
Bitcoin Dominance (BTC.D) - Alt Season?The Dominance gained on the BTC.D Ratio Index throughout Sept-Nov. after the summer from 58% to 66% just closed out a futures gap needed to fill around 65% and spiked right back down this week, even below this longterm trend that held the price in the fall like I just mentioned.
With coins like XRP taking off 35-40% in a day and across the board all these altcoins are starting to fly, such as XLM soaring to 0.15 last night. Bitcoin is approaching its all time high and should be hours before it hits, while all these altcoins are slightly to majorly outperforming BTC making Bitcoin lose its dominance.
From here, I can’t really see this dominance holding around 62% and reversing back up to touch 70% this dip down was pretty aggressive and I think it will continue pushing downwards. Take a look at the TOTAL2 crypto market cap, it is gaining a lot and about to take off even more.
Stop teasing me BTC.D , and just let the altcoin season happen already i’ve been waiting almost 3 years now.
Let's see this altcoin season happen
ETH 2.0 Launching Dec. 1st, What does this mean for Ethereum?Ethereum has been a top performer in the crypto market this year, up 410% YTD even with the corona crash. I don’t expect this upwards momentum to stop anytime soon, there are a lot of factors coming into play that could continue this momentum such as ETH 2.0 Beacon chain launching Dec. 1st. That is huge news for the Ethereum network, possibly the biggest news since the inception of the coin. The network is switching from the PoW to a PoS where users can stake their 32 ETH to secure the network as well as make some nice yearly residuals doing so.
The 524,188 ETH required to stake the coin hit the threshold late last night, and this morning it has a little over 700,000 ETH staked in the 2.0 contract. The best is yet to come with the price, we think we’ve seen it all… I say the party hasn’t even gotten started. Think about all the FOMO that is about to happen.
It’s only hours away from Bitcoin hitting ATH price and from there hitting 20,000 and beyond should be a breeze. BTC should go back down a bit to maybe even $18750 before continuing its move upwards. All time high is coming and it is coming very soon and should reflect across the board in the rest of the crypto market. Dow Jones Index also just hit 30k today for the 1st time in history.
TP1 🎯 $617
TP2 🎯 $687
As always please do your own research, I am not a financial advisor.
Easy Loot
Bitcoin $20000 IncomingBitcoin has been constantly moving up since 10k with some skeptics still calling for a short. BTC created this upwards channel from the start of the move upwards starting from $16124 - $16599 weekly support range.
From there, Bitcoin 1st touched rejected off of the $18953 monthly resistance level (basically previous-ATH) and dropped back down only to find the upwards channel acting as a level of support.
BTC yesterday regained $18383 as support and found the $18953 monthly level resistance turned support. From here, I expect BTC to dance around with this $18953 monthly level a bit going up and down around it until eventually hitting the ATH on BitStamp at a devilish price of $19666. I don’t like that number but I don’t make up these levels, you should bring that up with the market makers.
It’s only hours away from Bitcoin hitting ATH price and from there hitting 20,000 and beyond should be a breeze. BTC should go back down a bit to maybe even $18750 before continuing its move upwards. All time high is coming and it is coming very soon
TP1 🎯 $19666 (Previous ATH)
From here on out, the support & resistance levels marked out on my chart don't carry any meaning anymore, we need to find new levels but that will only come with time. It'll be hard but fun doing technical analysis with never before seen prices on Bitcoin, i'm very excited for whats to come. The best is yet to come
ChainLink Breakout Coming Soon On It's Way To Test Monthly Level+Hello traders we are seeing one hell of a pump these last few weeks. With Bitcoin coming to its ATH,ETH finally breaking its 3 month valley and XRP finally showing its results from being being in accumulation for so long.
+So what's next for LINK?
+Well things are looking really good for Link you can see that this our 3rd test on trying to break this symmetrical triangle.
+We cans see in our previous 12 hour candle we wicked past the daily resistance at 16.05 and almost had our first touch at another daily resistance at 16.5.
+Seeing that we did not test 16.5 yet that level is still my first TP. 15.85.
+ To be able to hit these TP we're going to need to see a we hour close above the symmetrical triangle as well as daily+ 12 hour support at
+Based from my TA I believe if we can close above 15.85 would have created enough momentum to be able to test 16.5 and then 17.33.
First TP 16.5
Second TP 17.33
Thanks for reading my TA on Chainlink and remember traders Trade Smart Profit more
ETH $618 In The Cards+Great afternoon traders hope you all made some money this week so lets get straight to the TA.
+ETH has finally broken out of its local valley of 475.
+Anyone who's been trading ETH for the past few months that we have been in a long term accumulation if you zoom out on the chart.
+we can see that we had our first touch rejection on daily resistance $559.
+This caused a pullback pullback last night.
+On our last Previous closed we can actually see ETH Blew its daily resistance out of the water $559
+It's no doubt that alt season is approaching with the increase of Crypto Market cap as well as the Bitcoin halving finally show some results.
First TP $618
Second Tp $669
+Thanks for reading my TA on ETH and remember traders TRADE SMART PROFIT MORE.
BTC FACING ITS FINALLY RESISTANCE BEFORE ALL TIME HIGHS+Good afternoon traders and happy Sunday. This week has been one hell of a week due to Coin facing its finally weekly resistance before its ATH
+Before I begin my TA since Coin is getting more difficult to trade there is going to be a new style of TA.
+I believe now traders should start to draw channels and really begins o look at volume and keeping up with news. Yet I am not not the biggest fan off trading news we are facing new times so we are going have to adapt.
+To begin my TA we can see I have drawn a rising channel that started back on the 22 of October.
+ Coin is now turning its resistances into support $17,330
+Coin looks like its a very bullish pattern creating higher lows and higher highs.
+Target price for Coin is currently at
$19,738.
Best of luck traders the best is yet to come
and remember TRADE SMART PROFIT MORE
YFII $3000 LONG TargetYFII bottomed out earlier this month at $1299, bottom support level, and has found support above it and reversed knocking out long TP’s along the way up.
Fro here, $2585 (TP1) is already 1st touched and rejected, just like clockwork touched this $2050 support and now going back long again towards $2585 and upwards. Right now, this looks a bit like a relief rally, but i’m not too worried about that because this is still in a bullish momentum uptrend and with the price of Bitcoin rising this coin will reverse and continue to rise.
What is YFII?
YFII is a DeFi protocol that facilitates yield aggregation and uses a token halving model to ensure equitable distribution of tokens. It is a fork of YFI. Decentralized lending is the driving force behind decentralized finance (DeFi) projects.
Entry targets should be placed around $1962-$2050 support zone going long to these TP’s
Long Targets
TP1 🎯 $2585
TP2 🎯 $2982
TP3🎯 $3214
As always please do your own research, I am not a financial advisor.
LTC $100 LONG TargetLitecoin just closed above a monthly resistance level at $80, it is headed towards the $95 level next.
This bullish momentum upwards started at the beginning of October and now is just really starting to play out, especially with the price of Bitcoin about to all time high these altcoins are going to follow suit and LTC is one of those obviously in an uptrend.
The hammer candle down to retest the $80 offers very strong indications of a continuation of this bullish pattern going long to tap $95.
Long Targets
TP1 🎯 $95
TP2 🎯 $100
As always please do your own research, I am not a financial advisor.
ETH $700 Next LONG TargetEthereum just hit our $556 monthly resistance TP, where is the price going to next?
For some reason this time going up feels a little different, where as before the price kept rejecting off of this $470 3-year valley but this time we’ve finally broken through it with some great momentum as well as Bitcoin is finally hovering around its previous ATH price. Having a bit of troubles finding enough momentum trying to break through the ATH but it’s coming very soon.
ETH hit $470, $498, and $556 TP all within a 3-day period. Now it is breaking through the $556 resistance level, looking to go long beyond $600 to the $687 weekly resistance level.
Honestly though, the next real level of resistance that I think we’re going to heavily reject off of is around $800, that has the same effects of the valley closure of the likes of $470.
Anyways, this is the daily chart and looking from the start of the bull run on July 21st, the price has continuously been increasing in price as well as we’ve seen a first touch rejection already in the start of September off of $470 back down to $316. The $316 monthly support level was confirmation that the trend is still bullish and from there it took 2 months but finally found a clean close over $470. From here, ETH has so much momentum to fly higher beyond $470, its already tapped 2 TP’s and looks like it’s on its way much higher.
A daily candle close above $556 would send the price all the way to $687. If we don’t close over $556 I expect the price to consolidate a bit even dump back down to retest some levels.
Long Targets
TP1 🎯 $600
TP2 🎯 $687.15
As always please do your own research, I am not a financial advisor.
ETH $550 Next LONG TargetEthereum is heading for it's next resistance level, $550. A monthly resistance level that holds a significant value in keeping the price underneath this level. After closing above $498 a few hours ago and breaking the $500 barrier we haven't seen in 3 years, it is safe to say this is a bull run. Especially with Bitcoin about to break previous all time highs, it makes sense for the #2 crypto to follow suit and start approaching its all time highs of $1400.
But to get to that $1400 level it must pass $556 monthly resistance level and a handful of other very important levels holding the price back from all time high. Besides the $556 level, there is no resistance from where the price is currently at and touching $556, absolutely no resistance. Please try to find some resistance of significant value, I look at this chart all day and I can say every level I have marked out is valid and holds a significant amount of importance on my chart.
ETH is going to wick off $556 and pull back a bit, why didn't it stop at $498?
Because $498 isn't a real level of resistance, $470 was. Of course it was going to fly through $498 and $500 psychological resistance i've been saying this for the entire month, it is only a 4h level found above the $470 level which is a 3-year valley that just closed. There is going to be some bullish momentum blowing off steam, but where does that train run out of steam? $556. It doesn't make sense to stop this bullish momentum in no mans land after explosively closing out a 3-year valley.
Price may pull back below $500 offering a last chance entry going long.
Long Target
TP1 🎯$556
Thank you
As always please do your own research, I am not a financial advisor.
BNB $31 LONG TargetBinance Coin has been trading in the zone between $27.19 & $31.14 ever since rejecting off of the $31.14 resistance level at the end of the month.
From the rejection off of that weekly resistance level, BNB found its bottom at $27.19 and has started its reversal upwards, now sitting at $29, it is going to continue moving up if BTC keeps rising and potentially even hits all time highs this week. This being said, a short-term for BNB would be $31.14 because that is the next major level of resistance in the path for BNB.
I think this dip down was pure capitulation.
Long Targets
TP1 🎯$30
TP2 🎯$31.14
As always please do your own research, I am not a financial advisor.
XRP Short Term LONG TargetsSince my last XRP analysis it hit both TP levels with the highest one placed at 0.29944, hit to a Tee. Now XRP closed above 0.29944 monthly resistance level and has held its own above it, it's going to spike up even higher and touch the 0.327 monthly resistance level.
From here I expect the price of XRP to consolidate above this monthly level by stopping out over leveraged longs before moving up even higher. XRP should dance around this uptrend until it finds it as support and eventually wick off the 0.327 2nd TP level.
I know a lot of you have $1 XRP price predictions but moves take time nothing happens overnight, things that seem to happen overnight are the products of hard work and momentum that took years to build up. First things first, I want to see a close over 0.327 before talking about $1 or some crazy price targets I see on Twitter.
Long Targets
TP1 🎯$0.316
TP2 🎯$0.327
Thank you
As always please do your own research, I am not a financial advisor.
$ETH Weekly Levels | ConsolidationTechnical analysis on ETH/USDT BINANCE:ETHUSDT , strong consolidation looking for a big move toward eow.
HEADLINES: ETH 2.0 benefits will come faster than people expect, Vitalik says in AMA (Cointelegraph)
Ethereum 2.0 poses a scaling solution that vastly increases the number of transactions per second. It will also move the blockchain to a different consensus algorithm known as proof-of-stake. The team says that it is currently aiming for a Dec. 1 launch date for ETH 2.0 Phase 0.
Rollup-centric upgrades, a simplified merge, and the parallelization of phases are among the top revisions to ETH 2.0’s roadmap, according to Buterin, which impact the final network results. “All of these changes are designed to decrease the time until eth2 becomes useful to people,” Buterin said.
TRADE IDEA:
ENTRY 1: $466.33
ENTRY 2: Breakout of wedge resistance (green box), wait for confirmation
TP 1: $488
TP 2: $515
STOP LOSS: $455.89
-DCJ-
Bitcoin Scam Wick And Why It's Nothing To Worry About+Hello Traders and I hope you all made your money before the scam wick last night.
+The pattern im seeing on BTC reminds me of ETH back in July 21st-August 1st.
+Coin seems to be in a very parabolic pattern.
+On the previous 12 hour close we closed below another huge 2 year valley at 17730.
+Market makers know that most traders have the level 19650 marked as there last level before we break ATH for Bitcoin.
+Them knowing this thats the reason we got a tease for 18k last night.
+In my eyes teases link that indicate that we will see those numbers again very soon.
+Another 12 hour close above 17730 level and Bitcoin will be on its way to break its finally 2 year valley.
+That being said Trade safe everyone ATH are coming soon so make sure you have a stop loss when trading Coin.
First TP 1960
+Remeber traders Trade Smart Profit more hoping we break 20k by the end of the year!
LiteCoin Bullish Momentum Testing Weekly levels+Litecoin for a bit seemed to be lagging behind the other major pairs like BTC,ETH,LINK etc.
+Anyone that has been watching or trading Litecoin knows that these 3 weeks we've seen some very interesting patterns.
+Right off the bat you can see that I have marked a bullish trend line that started back in March.
+Litecoin seem to lag behind its other pairs but as of recently it seems to have gained enough momentum to finally test higher highs and weekly resistances.
+Litecoin is also about to face its 276 day valley created in late February.
+Now the yellow weekly resistance I have marked down is at the moment is being tested.
+There are 2 predictions I have in mind.
+The first one being we will see a daily close above 72.25 and continue to go for the next Resistance which is at 79.45
+My second Prediction is we could see a pullback to the previous swing high which is marked at 68.5,accumulate between that level and retest 72.25 and then 79.45.
+With markets being so aggressive lately its hard to say and you can tell the market makers want you to fomo in.
+Fight the Fomo demon and wait for a retest
+Thanks for reading my TA on litecoin and remember traders Trade Smart Trade Less
$Chainlink The Breakout We've Been Waiting For+Hello traders to start of this Monday ill be going over why I think Chainlink is going to do some serious pumping soon
+Right off the bat we can see that Chainlink is coming to a end of its symmetrical triangle pattern.
+Most times when facing the end of a symmetrical triangle I notice a nice breakout to the upside.
+I have marked daily supports and daily resistances to show that Chainlink is bouncing between those 2 levels as well as this symmetrical triangle.
+So what's next for Chainlink is everyone question.
+I am bullish long term on Chainlink but we could see a potential dump these next few days.
+We could potentially come back down to the daily level of 10.6 if we reject this daily resistance+triangle.
1st TP 13.47
2nd TP 13.8
Further TP will be announced once we reach these TP
Again traders remember Trade Smart Trade Less
ETH Sell Off Before The Pump +Right of the bat we can see that ETH is in rising channel.
+This is ETH 2nd attempt on this 2 year vally/resitance.
+ETH in my analysis will come back down to the Daily support 378.
+Judging by my analysis I believe we will blow through that weekly resistance and come back to the edge of the rising channel which is around 401-378
+Remember traders keep things balanced when attempting to catch a fall knife,Trade Smart Trade Less
Bitcoin Halving Event Starting To Show Momentum+First off everybody I hope you guys made some money during these last few weeks of the crypto markets pumping.
+Coin has been increased in price by 63% in the last 2 months and now facing ATH from 2017
+Now with the rapid increase of Coin pumping and everyone trying to get into Coin think we've faced a little bit of exhaustion.
+The weekly level at 16714 is more then a 2 year valley that started in 2017.
+Now this is seen on a weekly timeframe.
So what's next for Bitcoin is everyones question.
+Well if we zoom out on a Daily timeframe we see that 13863 is a support also backed up by a swing high of a downtrend. this is where ill be entering due to the face that Coins price will also be back into its rising channel.
+$13863 will be my buy zone
And always remember
TRADE SMART PROFIT MORE