This is an update from my previous Litecoin read where I said $218 was the next long target placed at the 2018 local high. When Litecoin follows the path Bitcoin and Ethereum have been taking on this reversal, its going to hit the weekly resistance at $262. From here, I wouldn't be surprised if Litecoin sees the rest of this week in accumulation either after...
Chainlink has been gaining in price since the start of 2021, along the likes of Cardano (ADA) and Polkadot (DOT). Since this most recent drop down, the bottom and the timing of the reversal was up in the air and uncertain until very recently where LINK regained the 1.0 Fibonacci Support level at $30.4564. From here, i'm expecting Chainlink to hit the local high...
XRP has been relatively quiet after the SEC pre-trial hearing that was set for Feb. 22nd. After the case, the price per XRP dropped from 0.57 all the way down to wick the 0.368 level. XRP didn’t see a single candle close underneath the 0.40326 level (I have marked out Santa’s Lair) which equals very bullish momentum. From here, i’m expecting XRP to regain the...
Litecoin has found its bottom along $159 and is now looking like it wants to reverse going long towards $218. This same exact pattern happened in January earlier this year around the $121 - $124 level before reaching $218. This time, Litecoin is accumulating at a higher spot trading price, so that only means that the next level of support is $262. The 2018 high...
Ethereum has been dipping this past week until it eventually found bottom along the local high at $1347. This level of support is significant because $1347 is the body of the ATH price created back in 2017. The fact that Ethereum reversed of of this level shows bullish momentum and the coin is in the middle of a reversal going back upwards. From here, ETH just...
Bitcoin painted the bottom wick of the new March monthly candle earlier this week and is now looking like its in a reversal back upwards to $54,000 and beyond. BTC couldn’t wick the uptrend or $41,337 when it dipped down and created the higher low, which is very bullish. Also something to note is that the fear/greed index has dropped significantly as the price...
Binance Coin has been relatively quiet after peaking around $333 a coin in the middle of the month. Since then, BNB has been selling off a bit as bulls have been taking profits and because of that a bullish pennant formed. BNB has been making higher lows after taking off from $128 and has already backtested $194 support. Right now it looks like BNB wants to...
Looking at LTC on the 4-hour time frame we can see that on the most recent pump it didn’t have quite enough strength to reach the $262 TP level like I had hoped, so it found the closest level of support to bounce off of which was $171.55 - $183 accumulation zone of the previous local high created in January. From here, Litecoin looks like its going to hit the...
Looking at BTC on the 4-hour time frame it is obvious to see that it has been creating higher lows on each dump consistently. The fact that Bitcoin is creating these higher lows means that it is still in its bullish trend and that this most recent dump was just a sell off, not the big short just yet. What’s interesting to note is that Bitcoin on this dump down...
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 +as...
+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...
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...
+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...
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,...