crytobullmike

Let's take a breath of fresh air! Welcome to the bull market!Before I start digging into LTC remember taking profits/locking in profits is always a great thing! No one ever blew an account by taking profits. Don't get stuck holding bags for multiple years because you thought some poop coin would do something that no other coin has ever done(go up in price indefinitely).Anyways lets get into Litecoin. Bull markets are definitely always different but at the core they're very similar in the crypto space. First Bitcoin moves, then Ethereum moves, then lastly a majority of the alt coins move. LTC is apart of the third group. In my opinion ETH has yet to make its moon shot. So we still have sometime before we should expect LTC to make its parabolic run. BUT that doesn't mean we can't look for possible targets for LTC. Let's see what some basic technical analysis is showing us. First, let's take a peak at the white fib. Swing high was drawn on November 8 2021, swing low was on June 13 2022. Not much to report with the fib because we haven't bounced around much between the fib levels. When price starts moving to the upside I do expect the fib will give us insight to where LTC will more than likely visit. Second, check out the purple trend line. Trend line touch points are March 28 2022, second touch point was July 24 2023 then I extended out the trend line. This trend line has played out perfectly. We briefly got above it then rejected and came back below it on June 26-July 03 2023. Then February 26 2024 we spiked above it with candle body closures/opens above the trend line until June 17 2024. Now we're currently above the trend line since October 14 2024. Looks like a solid break out(with a trend line retest on November 4 2024) BUT I'll keep it on my chart in case LTC dumps down it may act as support. Lastly, the red box of resistance/support(in the past). Bottom of the box is at 122.23 top of the box is at 127.26. The red box historically acts as a magnet. When price is above it(the box), it wants to pull price down to it and when price is below the box it wants to pull price up to it. Let's wrap this up with potential incoming targets in the near future. Lowest to highest targets. First target is the bottom of the red box of historic resistance(currently before we flip it into support) at 122.23 which is 35% away from current price. Next would be the top of the red box at 127.26(42%) and lastly the .618 fib level at 201.69(127%). All three of these levels need to be smashed through with candle body's closing and opening at/above price levels while we gear up for ALL TIME HIGHS! Litecoin has significantly more upside than downside!Trade smart, trade safe!

Time to revisit my favorite pink coin. AMP had a parabolic run that took place from October 23 2023 to March 11 2024. Since the high at .01682 we've had quite a sharp rejection and finally found support at .00568 on April 08 2024. Now let's dig into what could come next. Bullish white trend line:First touch point was December 26 2022, second touch was March 27 2023 and we broke above the trend line on February 19 2024 but ended up being rejected. The "GOD Candle" that propelled us far above the trend line occurred on March 11 2024. Which definitely solidified this trend line(in my humble opinion). Lastly we retested the trend line as support on April 08 2024. Does it get anymore bullish? This trend line analysis on its own is a sign of strength and higher highs to come. Let's take a look at potential upside targets for Anvil Token, ohh I mean APM token. I hope everyone is staking to Flexa capacity to claim their free Letter of Credit token. Cough cough BULLISH! Anyways upside targets. Let's take a look at the red box of resistance. Bottom of the red box is at .00789 and top of the red box is at .00822 we first and foremost need to clear this magnetic box. Take a look at the price action(candles and wicks) price likes being pulled to the box regardless if its for support or resistance. Next we have a major level of resistance at .01328 which we broke above for a short period. Might change this level to .01212 after looking at the candle body closure and open from March 11 2024 and March 18 2024. But that's for a later time. Lastly my highest upside target(for the mean time) is .02429 this level has a lot of price action with both wicks and candle bodies. AMP also fell off a cliff at this price level. So looking for AMP to reclaim .02429 then we will asses targets once these levels are met. Remember analysis is being done on the weekly and monthly time frames. Be patient things take time. Trade smart. AMPY and AMP fam I love y'all!

Who else is impressed with the way Litecoin has been the front runner blue chip coin as of lately. I know LTC has lots of catching up to do especially when it comes to its other blue chip coins. BUT when fan favorite Litecoin moves, it'll definitely lead the way for many other alt coins. Let's take a look at a few key levels we can expect LTC to visit on its way to the moon. First we have the red box of resistance which has acted as strong support as well as strong resistance in the past. Historic level of both support and resistance I would say. Which just so happens to line up well with the yellow overall .236 fib level at 128.82(29% away).Second we have the white fib which is drawn from most recent swing high to swing low. Point of interest on this fib is the .618 at 202.05(103% away). After these levels are met without a major rejection we can start looking at higher levels. But for now these are strong levels to expect for an upside movement. Lastly what's confirmed my bullish bias for LTC(not that it takes much for me) is the break out from the purple trend line. First touch point on March 28 2022 and second touch point February 13 2023. With a break out February 26 2024. Beautiful movement with fan favorite Litecoin, love to see it pump!Trade safe peeps! p.s hurry up John.

Have you noticed how much ZCASH has been lagging behind the rest of the market? This recently came across my radar and I was in disbelief. I've noticed in the past that ZCASH would follow Litecoin & Compound. All three alt coins have similar circulating supply so I was never too surprised in the past when I'd notice the three tokens pumping/dumping together or very close together within a certain time frame. ZCASH looks primed for a huge swing trade opportunity with minimal risk & astronomical rewards. This is due to Bitcoin being at all time highs, Ethereum has had a okay price increase the past six months and Litecoin is flirting with the 100 level. Compound also recently had a pump to about 100 as well. Most of the market has left ZCASH behind in the dust. Allow me to dust you off ZCASH. Let's take a look at what ZCASH can easily accomplish when it decides to catch up to the rest of the market. Yellow fib is drawn from most recent swing high to swing low. ZCASH needs to over come the .236 level at 65.60 first and fore most. Next we have the white horizontal ray at 129.19(322%) which has been a major level of support and resistance in the past. Right above the white ray we have the .618 fib at 141.20(360%) a.k.a the golden fib level. The purple trend line is drawn from the bottom of the wicks from December 21 2020(first touch point) and February 21 2022(second touch point). Which is roughly around 154.40(404%). Slightly above the purple trend line is another white horizontal ray at 160.91(425%) which was a major level of support and resistance in the past. Lastly the red box of resistance drawn from the top of the wick from April 25 2022 which is where we dumped hard from. Bottom of the red box is at 166.02(442%) & top of the red box is at 170.04(457%). These are some levels that should come into play when ZCASH decides to play catch up with the rest of the market. Tell me have you seen a better swing trade setup?!Trade smart & secure profits.

Let me start by saying AMP I love you! I'm beyond grateful! BUT in my humble opinion this move is just starting! Let's take a look at the monthly time frame(all drawing tools have been plotted on the weekly time frame. forgive the mess). AMP up 661% over the past 60 days, bazaar right! We haven't been at current price levels since May 2022. After years of consolidating and moving sideways we blasted through all Fib levels as well as resistance levels. I'd say this is a text book parabolic move. Question, can we sustain this move? Short answer is unfortunately no. Not realistic to expect 100%+ days over and over again. The real question is, where are potential levels we can face resistance and inedible a rejection. This is where some simple technical analysis goes a long way. First of all we still have 5 days till the weekly candle closes and 19 days till the magnificent monthly candle closes. We want a large candle body, not a huge wick to the upside. The white horizontal line at .01328 is a significant level to close above on the weekly time frame but more important the monthly time frame. We have the yellow 2.618 at .01474 which we wicked through. The way AMP has been moving my targets to watch for a rejection is the second white horizontal line at .02429(83%) which could be tested soon, again based on the way AMP is moving. Lastly another huge level of resistance is our over head red box of resistance. Bottom of the box is at .03381(155%) & top of the box is at .03798(185%). For a sustainable movement to continue AMP will need to close within/above the red box of resistance. When we reach and breach the red box I'd fully expect new ALL TIME HIGHS!Remember bull markets are short lived and don't last too long. Enjoy the ride, trade smart and secure profits.

Compound has been sideways and consolidating under 77.50 for a staggering 94 weekly bars(candles) which is equivalent to 651 days. COMP has wicked above 77.50 on the weekly time frame a few times but its been short lived. No weekly candle has closed above 77.50 in 651 days but our current weekly candle can potentially achieve it in 5 days. If Compound starts to break to the upside and play catch up we have 4 major levels we can expect COMP to visit. First area would be 92.61 which is definitely going to be a huge level of resistance. Next we have our purple trend line that could cause a slight rejection. Current price for the trend line is at 113. Could see a rejection off the trend line(113), retest 92.61 area before continuing to the upside. Refueling in other terms. Last two levels of resistance would come in at 126.75 which again looks like a future strong level of resistance because it was both support and resistance in the past. Lastly our red box of resistance is drawn on the upper candle wick from March 28 2022 which was a high point we plummeted from. Bottom of the red box is 171.50 and top is 175. Current price at 82.01 to 175 would be a 115% gain. That move could come through very rapidly in these amazing market conditions. When 175 level is achieved we could reassess to see what the market conditions are and what Bitcoin is doing. This will tell us if we should look into ALL TIME HIGHS or for levels of support. Expect turbulence at these stated levels above. But if Bitcoin continues its impressive parabolic movement the sky is the limit for many of these alts. Happy trading.

Have you seen a better #BullFlag set up? Look at this bull flag on the weekly time frame for none other than #AMPLet's get straight into it. You can see the pole portion of the bull flag on two candles which are December 4 2023 and December 11 2023. which went from .00249 to .00477 within a two week span. After this swing high portion of the flag pole at .00477 we then formed the flag portion of the bull flag which consists of 7 complete weekly candles and currently 2 days into the 8th weekly candle(for the flag portion). We should expect a break out from our bull flag patter soon. The purple line represents the pole that was formed on the two weekly candles referenced above. Then I placed it at current price action to show us where AMP will potentially go if/when we create another bull flag. Current price at .0035 with a break out to the upside would take us to .00576 which is a 64.28% PUMP! This could be the catalyst that takes AMP back over .01 and possibly new all time highs in 2024. Weekly time frame analysis takes time to play out. Don't worry much about wicks but more so the candle opens and closures. Love you Ampy and the entire AMP community.

Happy New Years to my crypto peeps! Today we have the first candle closure of 2024. 2023 was an epic year for Bitcoin and kind of Bitcoin only. Ethereum had a decent 2023 along with a few other alt coins....... Cough cough AMP!After a 199.11% gain from swing low January 2023 to swing high December 2023. Quite impressive if you ask me. Now the question is, can we expect similar gains from our beloved Bitcoin throughout 2024? I mean we're under 3 months from the Bitcoin halving, how can we not be bullish. Let's take a look at the monthly time frame for BTC. Throughout 2023 can you believe BTC only had 3 red monthly candles and a whopping 9 green monthly candles. What a thing of beauty. The over head white trend line has acted as resistance. We spiked above it momentary but as you can see we closed below it. BTC also wicked too and slightly above the yellow .618 Fib. Currently the red box of previous resistance has flipped and is now support. As long as we don't drop below 40,000 with weekly candle closures we should fully expect to see Bitcoin hit new all time highs this year in 2024. All eyes and I mean all eyes are on Bitcoin from us retail trades that have been here for many years, to hedge funds, big banks and Countries. Its time for Bitcoin to show the world that its ready to be the worlds currency!

Is it just me or is XRP holding up strong? XRP has steadily been grinding higher and higher since the lows in June 2022. Truly the chart speaks for itself. Let's take a look at the weekly time frame. The yellow overall fib from swing high to swing low has been playing out beautifully. The .236 level was resistance on multiple occasions(September 2022, October 2022, March 2023 and June 2023) before finally breaking above the .236 on July 13 2023. We are currently above the .236 fib level testing it as support. The white trend line from December 2020 with the second touch point on May 2022 has been guiding XRP to the upside. When price is below or above the trend line its often retested as support or resistance quickly. XRP has been above the trend line since October 2023 and we're just now retesting it and currently sitting on the top of the trend line. Cough cough bullish retest. Given the Fib(being above the .236) and being above the trend line my eyes are glued on the red box of resistance above. Bottom of the red box is at .92 and the top of the red box is at .95 Current price of .55, XRP is 66% away from the bottom of the red box of resistance and 72% away from the top of the red box. Lastly when XRP makes this move I fully expect wicks to reach the .618 fib at .98 but would expect to have a candle closure/closures within the red box of resistance. Which would flip the red box to support. Flex those muscles XRP!

Founder of HEX makes news for being summons/charged by the SEC and making claims of new investors being able to make 10,000x gains by investing into HEX. With such a major statement it's time to take a look at HEX. HEX has been in a long term down trend, just like every crypto during this bear market. Its a bit worse for HEX though being down 99% from its all time high. 10,000x gains is a bold statement to make and I honestly don't see that happening for a crypto with no use case, but then again what did DOGE do a few years ago?The weekly time frame on HEX looks bottomed out. HEX has been moving sideways since June 2023. it's very difficult to do technical analysis on a coin when its been side ways for so much time after a long term down trend. With the strength and potential bull market that Bitcoin has kicked off I'd definitely say HEX will eventually have a relief rally. Then if capital flows into HEX fireworks can definitely happen. what needs to happen first? HEX needs to retest the over head purple trend line/lines without a full 100% retrace(to current lows). After we break trend lines Hex will need to reclaim and have weekly candle closures over the blue .236 fib level. Once the 0.08 levels are met and holding strong then all eyes/attention/hype would be back on HEX(.08 from current price would be a 1,500% gain).Similar to DOGE, looks like HEX will have to go parabolic in order to go parabolic. Huge potential gains on the table for fan favorite HEX. Also a lot of risk on the table with HEX due to the legal issues going on with Richard Heart. Trade smart.