yeetus247

yeetus247

LUNA has seemingly bounced PERFECTLY off the 1.272 fib extension @ $85. I now believe that we will be moving up continuing our upward trend. I expect some turbulance around the 618 retracement @ $89.53 and 1.272 @ $94.61. From this point, a reassessment can be made to determine LUNAs next move.

yeetus247

ETH has done something similar to what BTC is doing on the 4h time frame which is bouncing off the 1.414. Short-term targets would be the 0.618 and 1.272 retracements. If we broke below the 1.272 or previous low I would reconsider my short-term bullish stance. I think this is a bullish sign for at least a temporary reversal in price direction. Short term I...

yeetus247

BTC looks to be starting a possible bounce off the channel which it has been in for the past 3-4 months. It will be interesting to see if this could present itself as being the next crack at reaching some higher highers above 48.1k. Also a very nice bounce off a 1.414. Similar to ETH at the moment

yeetus247

I will be watching for sudden long wicks like on the 24 of Jan and 24th of Feb

yeetus247

Nice rejection off downward 0.5 retracements. See if we get support on the macro 0.236. Looking to long fib retrace, SL just below fib retrace. Entry: around 43873 (macro 0.236/minor 0.382) SL: 42595 (0.5 retrace) TP1: 47671(macro 0.5 retrace) TP2: 51545(macro 0.618 retrace)

yeetus247 Updated 

Still macro-bullish on BTC. We broke below 8 week MA so historically this means we could be testing lower prices of support, which again historically could be the Bull market support band. This is a combination of the 21 week EMA (exponential moving average, reacts more to recent price changes) and the 20 week SMA (simple moving average, reacts relatively slower...

yeetus247 Updated 

Just had a 133% increase, down 30% isn't a worry in the grand scheme of things. If we can have another re-accumulation period in this lower range I would see it as being a healthier sign before another leg up. The first run during the end of April and May was not very healthy and did not constantly retest previous levels for support. This contributed to the 60%...

yeetus247

ADA between bull market support band and 0.786 fib (support) and 8 week moving average (resistance). I’m thinking we could see a breakout towards previous all time high in the next few weeks or month. A break past the ATH could see a target of the 1.382 which is $3.50-$3.90 depending on how fibs are placed.

yeetus247

Some notes about ETH right now: Low volume profile for ETH until around 3750. This means it could be an easy ride with minimal resistance. The current level is the 786 from a more macro perspective, so the combination of 618 local, and 786 macro would prove to be a tricky resistance, but if we can get over it, it will hopefully serve as a solid support for the...

yeetus247

It is shown on the chart that the ETHBTC dominance is stabilizing between the 0.618 and 0.5 fib retracement levels. This is a sign of strength in my opinion and there is currently no major benefit to holding ETH as opposed to BTC at the moment. I will be waiting for something from a fundamental aspect to be a catalyst for determining the direction of the next...

yeetus247

BTC is currently testing support at recent highs of 44.822k which is also a 1.382 fib level. This is a bullish sign as in the case of a sudden correction this level may provide support and prevent lower prices. Ofcourse this test will likley not provide significant support as so far we have only tested it 1 time and on a lower timeframe (4hr). I would want a...

yeetus247

Bitcoin has had a solid bounce off support at $42.7k, very close to the predicted bounce level of $42.5k. In these last 10 hours we are up 7.29%. It is definitely looking bullish for BTC after a bounce as strong as this off a previous local high.

yeetus247

We currently testing 43k. The previous red wick shows that this price is bought up quickly. Time will tell whether this proves to be a solid support level. If this level does fail, then ill expect 42.5k to be strong.

yeetus247 Updated 

We can see that Bitcoin has recently broken upwards after retesting a significant level of support around 37.5k. From here are currently testing the previous resistance as support at 40k. This could lead to another test of 41k before further levels getting tested. If we do move up some resistance can be expected at the previous high of 41.4k, as well as the 0.786 fib.

yeetus247

The bitcoin price has been forming its bearish breakdown and right now and we are now waiting to see where it gains some support. A few key areas to watch out for are around 37500, 36500, and 34700.

yeetus247

A very quick look at ETHBTC shows that we broke out of a very large descending wedge and also broke through the 0.382. However, we failed to maintain the 0.382 as support. meaning that the next support level could be the top of the descending wedge. Switching it from resistance to support. Breaking out of this rising wedge has a theoretical target of 0.114. But...

yeetus247

Some quick thoughts on Cardano. Bullish scenario: If we can breakup out of this descending channel then I will be looking for us to turn the 0.618 into support for further continuation up to resistance at the 0.786. Bearish scenario: Continue with the descending channel and create a lower low at the 0.5.

yeetus247 Updated 

Hard to tell what might happen here. We have broken below the rising channel and have retested it as a resistance implying further downward movement. However, we are currently right on a fib retracement level which could provide support.