Litecoin still has not pumped or dumped in about a month after posting that 34% dump off of $171 down to $136. From here, Litecoin can continue holding along this $136 - $145 level and bounce off of this uptrend going long until LTC eventually hits the 2018 high level at $128 Until LTC hits that level though, the level i'm looking at taking profits are: TP1 🎯...
ETH rejected off of the $1784 level (0.786 Fib) after not having enough momentum to break through it. From here, ETH is looking like its trying to find support at the previous 2017 ATH level at $1594. If it can't hold this $1594 level, then its going to retouch $1435 before moving back up. I'm not expecting a reversal until at least after the weekly close, its...
BTC has reversed off of $30,838 after it formed a triple bottom. The first signs of the breakout was the fake one where it got rejected off of the $37,560 level. After that, BTC came back down and created a higher low as well as it regained the uptrend going long. From here, BTC looks like its dumping back down and people are taking a bit of profits, but should...
Ethereum is coming up on its previous ATH price on the exchange Kraken for the first time since late 2017 at $1594, just under $1600. This is also coincidentally the 0.618 fib level, placed at $1597. With this being said, we know that these Fib levels will play out the same as how the levels on BTC were and still are playing out. The only correct way to find...
Quick update on the price of Bitcoin, it broke out of this downtrend and created higher lows on a bounce off of $33,099, indicating a trend reversal to the upside. This was confirmed after the 4H close over $34,484 and from here the price of Bitcoin has been pumping. What seemed like a fake breakout and rejection off of the $37,560 resistance really was just a...
A quick update from the read I did on January 11th, called the bottom out on LTC at $121 - $124 and from there a bounce to a reversal which we're seeing now. LTC regained the topside of this channel as a level of support, as well as $126 - $45 accumulation zone. At the moment, Litecoin is trying to breakout above $145 and has posted up 2 back to back 4-hour...
Looking at the 4-hour chart of Stellar, it looks like the coin has rejected off of the $0.37 level 3 times now. It is still holding this uptrend as well as its been trending on the topside of this accumulation zone at 0.30406. Re-entry would be along the 0.277 - 0.304 support going long towards TP1 🎯 $0.37 TP2 🎯 $0.41194
Cardano has been a slow mover this previous month after posting over a 100% gain at the start of the new year. From here, ADA has been mimicking the price of ETH to a Tee and will continue copying the price of that asset. The ATH price on Binance is $0.36, which ADA is heavily fighting for right now. A successful gain of this resistance zone turned support is...
Last week, investors in the Reddit group WallStreetBets drove up the prices of shares in heavily-shorted companies, notably GameStop, forcing hedge funds to cover their shorts by selling big long bets. Now, the next retail interest is Silver, because just like GameStop and the other private equities, Silver is heavily shorted by the banks and the real price is...
With all the craziness in the private equity world with heavily-shorted stocks like Gamestop or AMC pumping 300% in a day, all that momentum / energy doesn't just fizzle out, it carries over into another asset. This occurrence is very typical in the top of a cycle of a bull market and signals that this growth and momentum is definitely unstable for the longer...
Bitcoin is in a falling wedge pattern created from the high at $41,337 earlier this month and the support level right above $30,838. From here it looks like BTC tried to breakout and got rejected off of the $37,560 resistance and came back down to trade inside of the downtrend again. Looks like Bitcoin will find a potential support right underneath $30,838 level...
Going to reverse a little bit more after rejecting off of $1347 - $1373 level and place the 3rd confirmation on this trend line around the $1221 - $1240 level. From here it might trend underneath the uptrend and then breakout or reverse right off of it to $1373 and above. If this plays out it'll pump next week at the earliest around February 4th. ETH is still...
ETH is approaching the $1347 resistance level and at the moment trying to break above $1373. If it could find support above $1373 on the daily it'd start heading to new highs. Daily Timeframe of ETH Looking at the daily timeframe of ETH its trying to break above the local high level of $1373 going long towards $1435 and then $1594.89 for the local ATH...
I haven't done an update on Bitcoin in a while, mainly because it has been consolidating around the $30,838 level before it moves back up. BTC found a triple bottom support along $30,838 and looks like this level is going to hold going into the new monthly candle as well as hold its own against the CME Futures. In addition to the CME Futures, BTC also notably has...
LINK broke previous ATH and has created new fib levels that will hit after a minor pullback. Chainlink on the Daily Time frame Taking a look at the daily timeframe, LINK is having a hard time trying to make higher highs after wicking the 0.618 Fib level. From here, I can see LINK consolidating in the $21 - $24 range before moving up. It is very volatile...
Looking at the 4-hour, 0.24535 marks the top of the accumulation zone and a prime point for an entry, I believe XRP will bounce off this level Daily Time frame of XRP Looks like after the August pump in 2020 XRP dipped back down to 0.24535 and then pumped from that level again to newer highs in 62 days, a little over 2 months. Now XRP has found support at...
Litecoin just hit support at the $121 - $124 range and I believe it will reverse off of here. it will take time to reverse and a pump should come in the first week of February. Daily Time frame of LTC Looking at the daily time frame of Litecoin we can see that its already dropped 34% and looks like its bouncing off of $121. Its going to take some time to...
Broke through the $1373 level and closed above it on the weekly, knocked out TP1 at $1435, and is heading toward previous 2017 ATH at $1594. This move changed after the weekly close and be cautious of pullbacks on a scam wick, the entry isn't going to be made easily.