level30nick

level30nick Updated 

Following up with my previous BTC analysis, BTC dominance is also at a crucial point. Firstly, when looking at the left graph, we see that over the course of the year we've seen BTC.D trend downwards, making lower highs and lower lows, closely following the red trendline. However, when BTC made its run to 40k, we broke above the trend line, and are currently...

level30nick

Hey Everyone, Based on the recent events, I think we can more clearly predict what will happen to BTC. I think a lot of people are questioning right now whether or not we'll correct further, and I hope with this analysis we can paint a better picture. During the 2017 bullrun, we had an average correction of about 37%. As you can see, we have only corrected 31%....

level30nick

It's pretty clear right now we're in a symmetrical triangle and that a break to either the downside or upside is equally possible. With this in mind, I am slowly selling as we reach the end of the triangle. Since both scenarios are equally likely, statistically it doesn't matter if you hold or sell, but I prefer a low risk lower reward style. If we break to the...

level30nick Updated 

Looking at the 4hr time frame for LTCUSDT , we can see that LTC is forming a bear flag . Usually, this is seen as a bearish pattern , however I believe it is also important to consider the cryptocurrency market in general. Based on the top 10 largest cryptos, LTC is actually performed the worst the past week at -19%. To me, this indicates that LTC along with BCH...

level30nick Updated 

Looking at the 6 hour time frame, following up from my previous post we can see that BTC is still oscillating within the triangle. Although we did see a wick below, we are currently within the triangle. This just gives me a signal to be wary but not bearish yet. Firstly, we see a inverse head and shoulders, indicating that we could possibly be heading further...

level30nick Updated 

Cardano is a large cap that I'm super bullish and interested in but has not seen the same growth as DOT and LINK so far. I do believe ADA will have it's time soon, but as you can see we are currently in a bullish falling broadening wedge pattern. I do not expect us to test the bottom trend line and will be expecting a break upwards. First target is 0.35 (the blue...

level30nick Updated 

The diamond pattern indicates that btc d is potentially heading downwards. However btc dominance has also failed to cleanly break the blue structure on the 4hr time frame several times. I see the diamond as a weak confirmation of alt season but a clean break through the blue structure will be a strong and clear confirmation to me to believe we are in alt season.

level30nick

For ETHUSDT we also see a pennant but on a much tighter time frame. Two bullish scenarios play out to me: we retest the blue structure on a 4 hourly time frame and then go up, or we break above the pennant then go up. If we continue to consolidate to the end of the pennant Ill need to reanalyze but this is what I see for now. The blue structure has been pretty...

level30nick Updated 

We can see based on the fib retracement from 27Nov to the local high last week we perfectly hit the -1 level before having a strong rejection. As DOT does not have much price history, we have to look at market cap and fib levels to extrapolate. As mcap is no 3, overtaking XRP, it is still far away from ETH and BTC. 12.62 and 11.43 (618 and 382) fib levels are...

level30nick Updated 

As we can see BTC is forming a pennant within the 0.236 and 0 fib level. BTC.D is also trending downwards, suggesting a couple of days for alts to pump while BTC consolidates in the pennant before breaking in either direction.

level30nick Updated 

We can also see that the short term Fib retracement 4.236 level is at 30k as well. Lower highs on RSI, bearish cross on MACD and higher highs on price may suggest a short term correction before another bull run.

level30nick

Based on the long term Fib retracement from the peak in 2017 to the low in 2018, we can see that based on the 1.618 fib extension that 30k is a potential resistance area/take profit area.