Taking a look at the 4-hour time frame of Bitcoin, that hammer candlestick looks very bullish as we backtested the $59,800 & $61,115 support level and are about to print upwards. This was painting the bottom wick of the monthly candle and Bitcoin is looking like its about to turn this $63,564 - $64,581 resistance level into support. This month of November is...
Looking at Binance Coin (BNB) on the daily time frame it is currently holding the April 2021 Swing High as support and is using that momentum to push through the $505 resistance level. This pattern is a continuation of the May cycle and this next move upwards will complete the second cycle. BNB is looking strong as it bounced and held the uptrend extending from...
Looking at the price of Polkadot (DOT) on the daily time frame we can see that today based on that parachain auction news that the Polkadot and Web3 Foundation released, DOT is looking extremely bullish to the upside. The combination of the news and the technical analysis aspects of this chart seemed to crossover at the perfect time, prepping Polkadot for a launch...
Ethereum pumped going into this month and regained this major uptrend as well as regained key levels of support including: $3,162 , $3,242 , and now is fighting for $3,431. Once ETH breaks the key level of resistance at $3,431 there will be a lift off to the $3,821 (2.618 Fib) level and from there will determine if the swing up has enough momentum to carry it out...
Looking at Bitcoin (BTC) on the 4-hour time frame we can see pretty evidently that BTC is in the midst of starting its next leg upwards to soar beyond the local highs created this April. The bounce off of the 1.618 Fib level around the $41,337 was the surefire sign / indication of a bullish reversal, and from here Bitcoin has continued creating higher highs and...
Looking at the daily time frame of Binance Coin, we see that BNB has regained the uptrend and is squeezing in between this wedge and the $432 (April 2021 Swing Low level). BNB is going to breakout to the topside and continue to hold this trend as well as gain $432 as a level of support. Binance Coin bounced off of the Feb 2021 Swing High level at $333 - $348 and...
BTC/USD $58,000 October Price Target Bitcoin pumped going into this month, October, as it bounced off the $40,707 level and reversed back up from there. At the moment, it looks like Bitcoin has broken through $44,854 and is holding $47,410 as a level of support. On the weekly time frame, Bitcoin has already painted the bottom wick of the weekly candlestick and is...
Dfinity’s Internet Computer has had quite the introduction to the crypto markets after the ICO listing, the price dropped from $600 to about $40 in less than a month. It has gotten all of the worst news coverage as it dropped at the top of the current market cycle, so it’s only been listed in the midst of a bear market. Now with Bitcoin, Ethereum and all of the...
Looking at the 3-day time frame of Ethereum we can see that its forming a bullish pennant after posting up a lower high than in May. However, this isn't a bear market because at the same time we've been creating lower highs, we've also been creating higher lows. It is just a matter of time before the price squeezes and inevitably breaks out to the topside and...
Looking at the 3-day time frame of Bitcoin we can see that it formed a lower local high earlier this month than the cycle top found in April - May. From here, the price rejected and is now currently holding support around the $39,696 - $41,337 level. I'm expecting BTC to backtest the uptrend that caught at the $30,000 level after the 1st local high formed, which...
Bitcoin has been in steady accumulation since 1st touching the $51,689 resistance level. From here, Bitcoin looks like its heading back up towards that same level and breaking out higher from there after holding support along this well-respected uptrend and support levels in the high-40k region. Bitcoin has been steady holding $44,854 & $47,410, which offers the...
After the local high in May was formed at $4,300 , ETH came crashing all the way down to $1,700 - $2,000 to where it formed a double bottom pattern signaling a trend reversal. From this point, ETH did not stop gaining for 13 days, which made me a little suspicious that we we're going to dump leading into the EIP-1559 on August 5th. However, it broke out of the...
Looking at the daily time frame of Binance Coin we see that it soared right through both the February & April 2021 levels and broke out of the downtrend to find support along $484 - $505. BNB is ranging in the $484 - $505 newly found support zone and will continue to do so until it breaks out higher to reach the $596 - $638 price target levels. Since BNB fell...
Looking at Polkadot on the 2-day time frame we see the reversal that happened in mid-July when it bounced off of $10.45. From here, DOT regained $16.44 with ease as it continued climbing through all the Fibonacci levels and broke through the 1.0 Fib at $30.40, which is now acting as a level of support. This bullish trend is confirmed and my next targets i'm...
Just like Bitcoin, Ethereum has had a great month going from $2,340 to $3,242 heading into the EIP-1559. From here, the price has been stable and rejecting off of $3,242. With Bitcoin moving back up in price as well as altcoins like Cardano going upwards to new highs, Ethereum should follow their price action. At the moment, ETH is rejecting off of $3,242 and...
Going into the end of this month and looking back, Bitcoin has had a green month and is looking great going into the next. At the moment, Bitcoin is held along the $47,410 support level and looks to be moving up towards $51,689 and then the $54,028 (2.618 Fib) level shortly after. A little suspicious that BTC hasn’t came back down and wicked this uptrend...
Binance Coin has bottomed out at $258 (found in my last post check link below) and is now on another parabolic cycle upwards towards $600 and above. The local high at $676 is the target that BNB is going to ry and hit before reaching price discovery and potentially hitting $1000 as people on Twitter keep saying. Following the path of BTC and ETH as benchmark...
Ethereum has had a previous great weekly close with what was looking like was going to be bearish but turned out to be a nice hammer candle, painting bullish momentum. Now, ETH has already painted its bottom wick on the weekly and already seems to be soaring. It has made consistent higher highs since bouncing off the 0.786 Fib in July and has now 1st touched the...