This analysis will continue into the next Crypto cycle.
I see a few outcomes.
1) Bounce here and absolutely rip to new highs
2) Bounce here and form some type of flag, prob bilateral making it harder to predict the massive pump or dump that would follow.
3) Lose this and take a shit to $29,300 to retest the neckline that we watched last previous high in April...
Quick update from my previous idea earlier this week, looking at the daily time frame of Ethereum and zooming out a bit from the 4-hour, we can see Ethereum has lost its support at the $3,500-$3,600 area and is now trading along support at the $3,431 level.
From here, i’m expecting Ethereum to follow Bitcoin’s movements, however, base case am expecting for...
Quick update from my previous idea, I shouldn’t have used the words bottom that was improper wording and wish I could’ve rephrased that. Anyways, looking at the daily time frame of Bitcoin and zooming out a bit, we can see that BTC has lost support at the $43,850 - $44,854 area and is now trading inside of this downtrend again.
From here, i’m expecting Bitcoin...
Looking at the chart of Binance Coin on the 4-hour time frame we can see that it is currently ahead of Bitcoin & Ethereum in terms of market movements, and is sitting above its level of support that the other coins are currently trying to break free from.
Binance Coin also regained this long-term uptrend in the bullish channel, which indicates that the bull...
Looking at the chart of Ethereum on the 4-hour time frame we can see that Ethereum is fighting to regain the 2.618 Fib level as support, similar to Bitcoin trying to regain the $47,410 level.
This chart has been difficult to read for the past month, but seems to be a clearer picture now with what they're trying to do and that is accumulation. They're stopping out...
Looking at the chart of Bitcoin on the 4-hour time frame we can see that it is currently trying to regain the support level at $47,410, and then find its way back up to $51,000 and above.
The price of Bitcoin has been choppy recently, but steadily found its bottom along the $47,410 level. The scam wick seen on December 3rd marked the bottom of the market and...
Looking at Polkadot (DOT) on the 12-hour time frame, it seems to have bottomed & reversed so i’ve created a valley to help visualize where the price is headed.
Polkadot has been in the news quite heavily recently, with all of the institutional money allocated into it behind BTC, ETH as well as the launch of parachains after some five years in development....
Looking at the 4-hour time frame of Ethereum we can see that just like Bitcoin, it is at a crucial point heading into the new year.
Ethereum found its bottom with the scam wick along the $3,431 level and knocked out all of the over-leveraged longs from early entry prices. From this point on, Ethereum along with many altcoins, has been slowly accumulating and...
Looking at the 4-hour time frame of Bitcoin we can see that it is at a crucial point moving into the end of the year. At the moment, it is testing the $51,689 support turned resistance level as well as this long-term trend line that has been consistent throughout this bull market thus far.
BItcoin found its bottom with the scam wick along the $43,850 - $44,484...
This last month of November was quite a ride, peaking at the $68,361 (3.618 Fib) resistance level to dumping and finding a local bottom at $43,850, a combination of euphoria and depression in the markets.
At the moment, Bitcoin doesn’t look bullish, however, that doesn’t make it necessarily bearish either. We are currently what it looks like, in a stage of...
Looking at the 2-day time frame of Polkadot we can see the whole picture from the start of the uptrend at $30.45 to our current price currently testing resistance at $53.53. DOT is in price discovery mode and looks like its going to complete the Fibonacci cycle and reach $76 per coin.
It depends on how we close on this 2-day candle, but chances are we’ll pullback...
Taking a look at the 4-hour time frame of Ethereum, we are heading towards the $4,933 (3.618 Fib level). From here we’ll see a little pullback around the $5,000 psychological level before heading towards $5,620.
This month of November is looking very good as we are going to approach higher highs with the price target of $5,620 in mind to complete the Fibonacci...
Taking a look at the 4-hour time frame of Bitcoin, that hammer candlestick looks very bullish as we backtested the $59,800 & $61,115 support level and are about to print upwards. This was painting the bottom wick of the monthly candle and Bitcoin is looking like its about to turn this $63,564 - $64,581 resistance level into support.
This month of November is...
Looking at Binance Coin (BNB) on the daily time frame it is currently holding the April 2021 Swing High as support and is using that momentum to push through the $505 resistance level.
This pattern is a continuation of the May cycle and this next move upwards will complete the second cycle. BNB is looking strong as it bounced and held the uptrend extending from...
Looking at the price of Polkadot (DOT) on the daily time frame we can see that today based on that parachain auction news that the Polkadot and Web3 Foundation released, DOT is looking extremely bullish to the upside. The combination of the news and the technical analysis aspects of this chart seemed to crossover at the perfect time, prepping Polkadot for a launch...
Looking at Bitcoin (BTC) on the 4-hour time frame we can see pretty evidently that BTC is in the midst of starting its next leg upwards to soar beyond the local highs created this April. The bounce off of the 1.618 Fib level around the $41,337 was the surefire sign / indication of a bullish reversal, and from here Bitcoin has continued creating higher highs and...
Dfinity’s Internet Computer has had quite the introduction to the crypto markets after the ICO listing, the price dropped from $600 to about $40 in less than a month. It has gotten all of the worst news coverage as it dropped at the top of the current market cycle, so it’s only been listed in the midst of a bear market.
Now with Bitcoin, Ethereum and all of the...
