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...
Looking at ETH on the 4-hour time frame, it looks like bulls are fighting back and trying to reverse the trend back up. The scam wick that happened on February 22nd all the way down to $700 was a bit ridiculous and showed how much short strength the bears had to be able to push the price all the way down there.
The scam wick isn’t anything that we haven’t seen...
+Good morning traders to day I want to present to you something I found while looking at the log weekly.
+Many know that every 4 years there is a big event in the crypto space called the Bitcoin Halving and if you are looking for more information on the Bitcoin halving I recommend you check out the link in the comment section.
+Our most recent halving was in May...
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...
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...
+Coins are looking good and very similar across the board.
+ADA after being in accumulation since the end of Nov finally broke its resistance during the beginning on January and just sky rocketed from there.
+Multiple test on the Monthly resistance
$.34 cents but failed to close above this level and also failing to test its weekly resistance of $.36 cents
+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...
1-800-FLWS is picking up steam and looks like a buy as we move into the new year and toward Valentine's day. We hit this last year, let's see if we can again!
Easy Loot Price Target Update:
Easy Loot is raising our price target for FLWS from $27.5 to $32 which would indicate a 16% increase. Easy Loot believes FLWS will continue to strive using the...
BITCOIN IS EXHAUSTED or is it?
As we move into 2021, we watch as news outs from Cramer to NELK boys push the conversation toward Bitcoin and other notorious coins as Bitcoin sets new ATHs . Everyone seems to be scrambling for a "price target" from such sources but no one seems to be able to put a finger on it. Bitcoin set a new all-time high at $34778.11,...
It's been one week exactly since my last ETH post, last week right at weekly close. There's been a lot of price action going on in ETH this past week so let's break it down.
ETH successfully closed over the $788 3-year valley formed in 2018 and has shot straight up like a rocket since doing so.
Looking at the daily chart, this move was formed all...
+Heres a quick BCH read for the BCH fans out there your gonna love this!!
+On the 4 hour we can see multiple attempts at the level $368 but here why I think we will break this time and ladder up to test new resistances.
+As you can see here I've identified BCH current valley it is facing.
+BCH is coming close and...
+RSR is coming towards and wedge and has created level adaption on $.016
+on the 12 hour we can even see some Accumlation between the levels of $.016 and $.2
+After its second attempt of trying to break this downtrend(white level) it came right back to its support at .016 and started its next ladder up and now seems to be adapting $.018 a residential now...
+Chainlink Today had a great run
+When I woke up this morning I saw Link was up16% but slowly started pulling back as we faced/created another downtrend (Purple Level)
+ In the last bleed Link had it came down to $9.89 and then we started seeing some level adaption around $10.6
+The Green Level is a resistance now turned support $12.3
+ Creating level adaption...
+ADA facing another attempt on its 4 year valley .$169
+After its first attempt on this valley we saw a major pullback 35% and closing right above $.13 support
+Since then it has created a accumulation zone and I have identified a bullish trend line that was stared on the 16th.
+We can see it has tested this level 3 times confirming it as a official bullish...
+Woke up this morning to a nice pump on ETH and many other ALTS
+If you missed this pump no worries because there are many more to come.
+ On this most recent pump ETH break through 2 resistances and wicked $714 to a T
+Lets remember the rule of First Touch rejection.
+This is the first time ETH broke 700+ in 2 years. and Also first touch on $714 so a pullback...
+Crypto markets have been in one hell of a ride these few days and the parties just getting started.
+After Breaking out if its downtrend (white line) we saw ETH do 25% in roughly 5 and a half days.
+Most people TP were $686 including mine but what most of us forgot is the monthly level of $669
+Once we had our first...
+Just came across this coin while scanning markets so here's a quick read on it
+Never heard of Ocean before but it definitely caught my eye when I saw it was up 9% on the day.
+Typically I don't like to chase coins that are already on its move up but I think its possible Ocean will keep pumping.
+The level $.335 is a support and our current resitance is at...