Looking at the 4-hour time frame of Bitcoin we see that it has been consistently creating higher lows since finding bottom on July 21st. Over the course of this month, BTC has knocked through every resistance level & the uptrend, and is now heading towards $51,689 and above. Bitcoin has already painted the bottom wick on the weekly candlestick, it has the...
Quick update on my previous Bitcoin Dominance chart from earlier this year, looking at the weekly time frame. The start of 2021 we saw BTC.D topped out at 70.21% and consistently fell until the market crashed in April - May. The Dominance % bounced off 44% and slowly started creeping back up. A major key in analyzing this trend was seeing that the dominance...
Internet Computer has regained the topside of this channel after bouncing cleanly off of the $58 support level. From here, we just saw 1st touch rejection from the $67 level and will most likely pullback a little bit to $65 before moving up more. ICP looks like its going to regain the $67 as support and close out on top of $70. From this point, the next level of...
Cardano has been in the news a lot recently, garnering support from prominent investors across the board, with big institutions like Grayscale Digital Assets buying a decent amount of the supply; all patiently waiting for the smart contract upgrade / update. Around ~70% of the network is currently being staked making passive income, which is a higher % than...
Ethereum Classic looks just like the leading coins in terms of chart patterns. ETC wants to take another run up towards its local high just like other big projects are doing right now such as ADA, SOL. ADA is coming up towards $2.30 and SOL is heading upwards to $55. ETC bottomed out along the $38 level which was the swing high found in April right before the...
Looking at the 4-hour time frame we can see that Bitcoin rejected off of the resistance level at $44,854 and is heading back down going into the new weekly candle. Bitcoin looks like its going to paint the bottom wick of the new weekly candle around $40,707 - $41,337 before going back upwards again. This is a 1st touch rejection and does not mean the bull run /...
Today, August 5th, 2021, the London hard fork block containing EIP-1559 has been mined. Over the course of 6 years, over 12 million blocks have been mined and 12 hard forks have occurred. Today, i'm going to breakdown the hard forks and each of its effect on the price of Ethereum. Starting off first with Frontier on July 30th, 2015, this fork marks the first...
Binance Coin, Binance Smart Chain, and the exchange Binance itself has had quite the news headlines this year; from BSC recording an astronomical growth in users on chain, to regulatory compliance by the exchange, to CZ Binance stepping down from the CEO role. Binance Coin peaked a little over $676 earlier this year in May when the hype for NFTs and BSC-20 tokens...
Yes, I understand that we've been gaining the past 11 days in a row. However, take a look at the previous pattern back in Feb - March right before the pump up to $4000 during the NFT craze. From that double bottom pattern, we saw a bounce off the $1576 level all the way up to $4,300 and then came back down after that. At the moment, ETH came back down from that...
Hey traders, Bitcoin for the past 2 months has been stagnant and consistently creating higher lows since printing the local high at $64,581 back in the middle of April. Now for the first time since, we are seeing higher lows being printed as well as a full reversal in the sentiment & candles back to the upside. The greed index is coming back where people are...
Looking at Binance Coin on the Daily time frame we can see a Feb 2021 Swing High level marked out at $333, which is currently acting as a resistance that was a former support. At the moment, BNB is bottomed out along the $258 level without a candle close underneath that level, signaling very bullish momentum and that the bears don't have enough steam to send BNB...
Taking a look at MKR on the daily time frame we can see that it is currently testing even with the February 2021 swing high level placed at the $2696 - $2837 zone. During the last week of June and going into the start of this month, all the top cryptos sold off a bit to stop out the over-leveraged longs before moving back up. The bull run isn't over, it's just a...
Ethereum has found new highs in May during a period of price discovery and everybody losing their minds over the NFT craze. From the peak hype, we’ve fallen about 60% and have been capitulating ever since (about 1.5 months). ETH has found support along the 1.0 Fib level at $2,022 and this pattern looks the exact same from the pullback we saw in January 2021. We...
These past 2 months have been brutal in terms of Bitcoin capitulating and not being able to properly identify a clear trend, bullish or bearish. Until about now, I too was confused where the price of Bitcoin was headed and brought out all the tools to help me: Stock-to-Flow ratio, BLX logarithmic chart, as well as the Bitcoin Dominance Ratio. I came to the...
Good afternoon / evening traders! This is my 1st update in 10 days, this current market sentiment is difficult to navigate around in. There's just a lot going on in the cryptoverse right now with China banning Bitcoin miners on one side of the spectrum, and entire countries like El Salvador accepting the 'magic internet money' on the other side. In saying this,...
Looking at the daily time frame of Binance Coin we can see that after the crash in May from the local high of $676, it found a bottom at $333 (Feb 2021 Swing High). The absolute bottom was the $258 level, which is the bottom of this accumulation zone and interesting enough we didn't see a single daily candle close below $258 which is a sign of very bullish...
Looking at the 12-hour time frame of XRP we can see that its bottomed out and accumulating along the 2018 swing high at 0.89999. At the moment, XRP is inside this wedge and looking to breakout or at least wick the topside trend around 1.32. My targets moving forward if XRP continues to hold this 2018 swing high at 0.89999 are: TP1 🎯 $1 TP2 🎯 $1.09030 TP3 🎯...
Looking at the 12-hour time frame of Litecoin, i'm seeing a clear bottom out along $171 (2-year valley support created in 2017). At the moment, LTC is accumulating in the $171 - $183 zone and will continue accumulating in that zone until it moves back up. My targets moving forward after Litecoin finds a stable support above $183 are: TP1 🎯 $194.75 TP2 🎯...