A quick update on BCH after it got rejected off of $435 for the 1st time. Bitcoin Cash has yet to see a candle close above $435 after hiting it for the 2nd time on the 4-hour time frame.
Bitcoin Cash is looking like (especially on smaller timeframes) that its going to close over this $435 weekly level going long towards $482 and beyond.
TP1 🎯 $482.50
TP2 🎯 $515.90
Looking 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...
Looking 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...
Bitcoin Cash hit all our TP levels hitting $482, $515, and $630 to a Tee before pulling back all the way down and wicking $404 to a Tee. Who knew you could hit so may tee's without swinging a golf club ahaha
Not joking, not only did BCH wick $404 to a tee, but it hit and held this uptrend as well as the $435 weekly level. From here, the dump on BCH is over and we...
Just like that, Bitcoin reversed back to basically the previous highs created last week before the dump back down. I can't believe all the short calls called out, absolutely ridiculous. People see the dump on BTC down 30% and think that it's going to continue dumping 40-50% when the real short move is already over.
Pretty obvious that there's a double bottom...
Bottom out was at 0.229 monthly support, pretty evident based on the fact there wasn't a single candle closure underneath that level and we reversed straight from there. Textbook hammer candle.
From there kept making higher highs and higher highs closed above 0.2697 and broke out the top of this ascending triangle, these are the next two targets I have placed...
Just like the rest of the crypto market, Litecoin suffered a major dump back down to $121 - $124 support range where its holding not only that level but also this uptrend drawn way back that held to a Tee.
From here, I really believe that the bottom is in and its only up from here. Notice how nobody was short at $183 (including myself, a little delusional on the...
Looking 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...
Quick update from my previous Litecoin analysis, after it 1st touched the 2-year valley at $171.55 and rejected off it, LTC came back down and retested $145, which was the 2019 swing high level.
Now regained the $171.55 level and just wicked the 2nd TP placed @ $183
Going long if this 4-hour candle can close above $183, this sparks the bullish momentum again...
Just longed MVIS with an additional 350 shares at $5.40 avg, will look to flip half at 100% and let the rest ride out free. Please refer to my previous $MVIS idea posted below...
DCJ
TLT (inverse gov bonds) looks like it's ready to make a move within the next few weeks, after forming a pretty nice wedge. This will ultimately be a very important indication of what direction the market will be heading in Q1 21 and beyond...
(scroll for options play idea)
Just looking at the fundamentals on TLT, we can predict a market-wide dump (nice...
This latest downturn may well be a precursor to ETH blasting through its previous high of $1,420. That is, of course, if news from the New York Attorney General (NYAG) about their investigation into the world’s largest stablecoin, Tether, doesn’t throw any surprises on January 15th. Tether, which has now issued nearly $24 billion USDT coins, is under fire for...
Ethereum, the #2 cryptocurrency by market cap, is creeping up on its previous ATH of $1500 for the first time since hitting that price in late December 2017.
Since breaking out of the $788 3-year valley, ETH has been soaring with no signs of slowing down anytime soon. It has consistently been creating higher highs and lows while knocking out resistance levels...
AMC hasn't been the best investment for many but that doesn't mean we can't pick the bottom (or try to). AMC looks enticing on the technical side of things after seeing it bounce from the $1.8-$2 range (strong monthly level)
Entry: Breakout & retest of $2.25
Targets: $2.50, $3.27, $3.80
Stop Loss: $2.07
+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...
+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...
An update on the BLX (BraveNewCoin Liquid Index for Bitcoin) on the 2W timeframe from last year's chart. You can find last year's analysis in the description below.
In Bitcoin's short 12-year life span, it's had 3 halving events:
1st Halving: 11/28/12
2nd Halving: 7/9/16
3rd Halving: 5/11/20
What is a Bitcoin Halving?
Every 210,000 blocks mined, or about...
Quick update from the previous post where ETH hit $1111 to the Tee on the daily timeframe.
From here, ETH backtested the $975.99 level 3 time (more evident on smaller TF's) but just like BTC's $30,000 level, it did not see any candle close below the $975.99 level. This is what makes me believe that bulls are in full control and this pump is just getting started....
