fiatdaemon

fiatdaemon

This is a make or break moment for Litecoin. We've seen hangups like this with Litecoin before and I see this as a key period to incrementally accumulate over time. Litecoin is still holding its core support trend while coming to a direct head with it's previous resistance. We know that core psychological support is around ~$50. Usually between support at $35...

fiatdaemon

Litecoin's current uptrend has shown healthy support and continues to follow this direction Healthy pullbacks and support in between each threshold Previous support at $200 and current support should build up around $250; Expected support should be around ~$235 and expected resistance should be around ~$275 Psychological resistance is at $300, so we'll watch...

fiatdaemon

There's a lot going on in this chart and we'll break it down and end with a summary. LTC showed strong support in the $130 range and broke out past the $150 resistance line leading to the recent peak of ~$240. We experienced a healthy pull back testing the $150 to $200 range where $150 has become support and $200 as resistance. Looking at the short term, we...

fiatdaemon

LTC's chart has always struck me as BTC's shadow chart because they usually look very similar and this makes sense seeing as LTC has the strongest correlation with BTC LTC is showing a Symmetrical Triangle -- a Wedge -- moving mostly sideways right along side BTC Upper Resistance area has been around ~$180 while the lower Support area is between ~$120 and ~$130...

fiatdaemon

I just think it's interesting how BTC is showing the same pattern on a larger scale... It's fun to watch. Happy New Year!

fiatdaemon Updated 

Exciting times BTC broke the psychological resistance, but without consistency, and I'm in the opinion that it can not be sustained for the long term I'm not sure where the top will be, so I based the potential run on the last bull run that happened in late 2017 while taking into account that there are bigger players in the market now. I've kept in mind that the...

fiatdaemon

4 hr Basic Trend Analysis

fiatdaemon

Bitcoin showing signs of weakened momentum while mostly trading sideways for the last 3 weeks Current Support has held at $18 k while strong resistance has repeatedly rejected moving past the $20 k mark Well past the fair value point based on Linear Regression which points to a bubble that will fizzle out over time 22% drop down to 20 Week EMA is possible where...

fiatdaemon

Litecoin project showing strong momentum as long as Bitcoin holds its weight I'm hoping it holds its initial support line avoiding a bearish future if we see a retracement With Mimble Wimble Testnet active supporting privacy features and new blockchain based apps supporting litecoin, Litecoin's future looks bright Regardless, I see Litecoin as being Bitcoins...

fiatdaemon

Bitcoin seems to have enough momentum to make to $20k over the course of the next few weeks Time will tell if this is to become a reality The market seems to support this so far, so all we can do is wait and see for now

fiatdaemon

Bitcoin seems to be on track for a $20k As long as the current breakout trend continues for bitcoin, we could see $20k before winter officially starts If we see a valid correction before this happens, we could see it as early as next april or even as late as next august

fiatdaemon

Bitcoin lost its bullish momentum and the bears have taken over. I'm looking at personal buy opportunities that might be somewhat reasonable from where we are currently. Critical support areas are the main trendline (solid off white line), the 33% support line, and the 50% support line from $20 k. Speedlines at 33% and 50% could become potential support lines...

fiatdaemon

Using the Gann Fan to sift out potential areas for going short and/or long based on potential long term support trends on a log scale. 33% and 50% speedlines based on the current uptrend shows potential areas for a correction should we lose momentum. If the long term trendline is violated, potential support at 50% from $20 k could play a key role should things...

fiatdaemon

Taking a closer look at ETHs YTD Breakout Trend on a Log Scale Speedlines show potential fallback support. Previous ATH 66% Resistance Line becomes current Support Line for ETH.

fiatdaemon

Basic trend analysis of Ethereum for long term Using Log Scale, ETH shows current support after its recent breakout

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Current Bull run testing its previous ATH close and closing in on 20 k

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Basic Macro Trend Analysis using trendlines and speedlines Using All / Daily on a Log Scale

fiatdaemon

Looking at Basic Trends using All / Weekly for All Time Trends using Log Scale Support Trend Line from 9/27/15 to 11/23/20 $20 k Resistance Support Retracements at $6.7 k, $10 k, and $13.3 k Support Retracements at ~33%, and ~50%, and ~66% from $20 k respectively Support Trend Lines showing repeated vertical action with RSI @ ~85% at critical peaks Speed...