kyer

kyer

Looking at the 1W time frame of the Bitcoin Dominance (BTC.D) chart, it looks like it's time for the market to transition from being primarily Bitcoin-dominated to altcoin-dominated. We've seen the writing on the wall with Bitcoin making headline after headline regarding United States Spot ETFs or the halving event. Now that the majority of investors are sucked...

kyer

We're going to take a look at the previous cycle bottoms to previous all-time highs and the time it took from those two points. Our current cycle bottom was FTX collapsing in November, with them creating the cycle top back in 2021 for the notorious double top. The only other scenario in history where we've retested the cycle bottom levels was in the 2015 bear...

kyer

Hey traders, looking at the price action of Binance Coin to the U.S. Dollar on the daily time frame, it’s clear we can see higher lows from the ‘market bottom’ last summer during the 3 Arrows capitulation event. From here, we saw a higher low from SBF’s capitulation event and from here, we created this parallel trend that’s been held on this most recent swing...

kyer

Hey traders, quick update on Bitcoin to the U.S. Dollar. We haven't seen any movement since our run upwards in March to ~$30,000 and have been in an extended period of consolidation since. At the moment, the bulls and bears are fighting over a 3% range... this isn't healthy for anyone. I am sitting back and waiting for a direction change or a confirmation that...

kyer Updated 

Looking at the weekly time frame of Litecoin as we are approaching the halvening event in September of this year, about 200 days away, this chart is looking eerily similar to the 2018 cycle bottom. We’re going to see a pump upwards to $95-114 prior to the halving event with a pull back around to the area levels that were in now from $80-$84. I believe we’ve...

kyer Updated 

Looking at the 4-hour time frame of Ethereum, we see see flat price action for the past month. The price has been floating over this 1645 level that hasnt been retested, but neither has $1284 on that March low. Just like the banking contagion in May, i’m expecting some upside because the crypto markets really liked the banks failing. There’s the downside...

kyer

Hey traders, Looking at the daily time frame of ETHE here, if Ethereum can continue its move upwards, we can expect to see a $ 12 price target for ETHE. At the moment, ETHE by itself is -44% Discount to NAV which means you’re essentially buying Ethereum spot price around $1000. The $ 8.78 support level has held and i’m expecting that to before this move up...

kyer

Hey traders, Looking at the daily time frame of Coinbase (COIN) we can see a setup for another test of $80. May 2022 Bottom with the wick down that created the low we hit at the start of 2023, so that was the switch of direction to the upside or bull market, whatever you want to call it. We aren’t going lower than that point and now we should start looking for...

kyer

Hey traders, Looking at ICP on the 12-hour time frame, we see the two local highs that were created and the question on everybody’s mind is can we go higher? Breaking down the TA, we look like we’ve retested our levels of support at $5.24 and can now move up / change in direction to the upside. We may fiddle around between the $5.24 - $5.59 zone for a bit before...

kyer Updated 

Hey traders, Quick update from my previous Bitcoin read, it looks like the move is playing out exactly how we expected it to and we are on target for $18,155, or the EQ of the accumulation zone marked in green on my chart. We saw the short opportunity at the buy-side manipulation zone and then now we’re seeing the quick drawdown out of the distribution zone and...

kyer Updated 

Hey traders, Quick update from my previous Ethereum read, it looks like the move is playing out exactly how we expected it to and we are on target for $1,287, or the bottom of the accumulation zone marked in green on my chart. We saw the short opportunity at $1,645 and then now we’re seeing the quick drawdown out of the distribution zone and back to the...

kyer Updated 

Looking at the price of Bitcoin on the Daily TF, we can see that we just wicked out on the $24,233 level and are forming a buy side sweep. We will see what happens on the close of the daily candle, but if we close underneath here, that means the buy side sweep is formed and we should be looking at lower levels as the high for the month / local top is formed....

kyer Updated 

Looking at the Daily TF of Ethereum, we can see a very similar structure to Bitcoin, but a little more manipulated in the price action. The manipulation zone is a bit bigger and the accumulation zone is a bit smaller, where as Bitcoin, the move was made as clear as day. Usually, I use Bitcoin to chart out the flows for the market and trade on Ethereum to juice...

kyer Updated 

Looking at the 12-hour chart of Ethereum, this is an extension of my previous chart as there has been no volatility during the holidays and the markets haven’t really moved. We can see ETH is still in its accumulation zone and gearing to breakout to $1287 and beyond. This move will play out to TP1 & above marked: 🎯 $1,287 🎯 $1,347 Ethereum trade is invalidated...

kyer Updated 

Looking at the 12-hour chart of Bitcoin, this is an extension of my previous chart as there has been no volatility during the holidays and the markets haven’t really moved. We can see BTC is still in it’s accumulation zone and gearing to breakout to what looks like $18-19k after the weekly close. This move will play out to TP1 & 2 marked: 🎯 $18,155 🎯...

kyer Updated 

Looking at the 12-hour chart of Internet Computer, this is an extension of my previous chart as there has been no volatility during the holidays and the markets haven’t really moved. We can see ICP is still in its manipulation zone and gearing to breakout to $4.60 and beyond. This move will play out to TP1, TP2 & TP3 marked: 🎯 $4.60 🎯 $4.99 🎯 $5.59 Internet...

kyer

Looking at SNAP on the weekly time frame, I kept a basic chart with only one support & resistance zone as well as one indicator that is mine, the cycle bottom indicator. We can see in the 2019-2021 cycle that we created this move from $7.05, which is marked as the bottom level in the accumulation zone with $9.20 being the top level, where the price is currently...

kyer

Looking at the monthly time frame and analyzing the 2017 cycle at large, it took 1096 days for Ethereum to reclaim its previous ATH at ~$1400. From here, we saw the historic cycle upwards almost claiming $5000, but falling a bit short. The top of this cycle with the extension of 1096 days puts Ethereum at reclaiming the previous ATH in late 2024, alike to...