Happy Sunday traders Lord way with heightened cryptic calm your number one source for cryptocurrency technical analysis and news
Will save a shot out of the cannon real quick Bitcoin litecoin
Aetherium you get a screw one you got a merry one you got a murder one in the comments below
Let's hear your answers. I want to see what y'all got give me some reasons
Why, but, that's the video we're gonna be doing an analysis on the big three right there
So I'm looking forward to hearing your answers, so let's get this thing started
Alright here's our a lovely Bitcoin our darling who has break out on Valentine's Day?
We had our live stream last night it lasted
For three hours and guys really appreciate y'all coming out and listening to us and sticking around for so long
And it was it was a long one, but we had some fun with the no FOMO, bro
So so yeah look Bitcoin with his breakout. It's now two developed
You know we're in logarithmic scale still just for relevance of our other key pivot points and trend lines
So what are we doing?
We have one plot point two plot point three plot points, so now we are in a upward sloping channel
It's pretty steep. So what are we doing right now?
We are bouncing along the lines of this trend line
What did we do yesterday we had a?
Test of that in May like we've been preaching and talking about now for you know a while
yeah, we finally did it and we closed this for our candle as a
Dragonfly doji so we had sellers at the beginning of the session, and it eventually it closed up with bullish domination
Okay
That's what you get
so it pretty much signifies a
Possible reversal of price action from where we were going look we were going down
We hit that MA. Like we needed to because what we call them what we call these inmates
They're the equilibrium level for our candles, so what are we doing now?
We're making higher highs from this this doji, but we are not out of the woods until we can break this level
I think what's gonna happen is we're gonna continue along this line. We're gonna test this six one eight we're gonna see
What we're made of if we're a bull if we cannot break this level will probably double top will fall out of this trendline
And probably test the 50 ma, which is at 90?
Mm 98 99 hundred if we can't hold the 50 ma
We fall below the 20 and the 50 we're definitely going down to lower prices. We're definitely tests that did sorry
This is the 200 ma excuse me in a 50 it's kind of weird sometimes
Like when they get out of whack like that you don't think so here's a 200
Here's the 50 we're gonna test this this is a huge one if we can't hold this that's not good at all guys
It's really bad, so I would hope that we could
Hold on to this level if we do fall below
This key trend line and this key ma
so
but if we do we got to talk about
Scenarios because anything is possible in the crypto world and the trading world so if we fall below the 200 ma
We're gonna test that 50 he's not gonna be that strong
But it seems like we're the 50 is we also have some good support if we can't hold this level around
90 400 we will then test
9 90 100 so that's that's where we would go if we could not break to higher highs
But if we're a bull what do we do what's going on?
What we would want to see is we want to break above this six one eight just like we did
But this time we'd like to hold above it
maybe test it have a break a hook and then it go and
Where would our next resistance be if we could break this level and hold above
Hold above you know 11,200 level our next resistance our big one's gonna
Be eleven thousand seven hundred range so if we can break that level then we will be seeing
12250 levels so those are your scenarios up and down for Bitcoin. I hope that helps with your decision making process on
Screwing one marrying one and murdering one in the comments below guys, please
I want to hear your your your answers on this, okay, so we're gonna move on now to the night coin
Another awesome breakout. We had on Valentine's Day
And we've also developed an upward sloping channel here
You know a lot of similarities like one being a fork of Bitcoin, so it's no surprise
But plot point one plot point to plot point three okay
We're on logarithmic scale still to stay relevant with our trend lines and our plot points of those trend lines
So what did we do we came up and we tested and respected this level so well. I love it
It's just it's just magic guys, so look at this look at the hard line look
How we respected and tested this heartline?
But what do we do?
We made lower highs in our previous high we could not find any Bulls
So then we test we continue testing the hard line again, and then we fell below it
We fell below the 20ma so what what does this make me think this makes me think that we will be soon testing
These levels that we can't hold above the 3/8 to fib support level so
multiple schools of thought here
Let's take a look at see another bad sign that doesn't look great as we have bearish divergence
Ok we have negative momentum building up
So that's never a good sign at one we're below the 20 we have negative momentum building and work
but you know here's optimism so you have to constantly be looking at all the
All the scenarios so how many times now have we tested this 3/8 to level one time two times three times
Four times now, so you know if you keep testing like that and you keep holding above chances
Are you may see higher prices, but again? We have conflicting variables right now with our indicators, so it's hard to say but
if we can't get back above the twenty or probably gonna be touching this trendline and
If we can't hold this trendline will fall below, and we will probably see
$175 also before that looks like 192
192 is gonna be a good
Support, but other than that we don't have that many strong supports
So we do want to kind of stay above this three at two
That's that's where you want to be optimistic that we wait to that many times tested this support
So what do we do if we're a bull?
We want to get back above the 20 ma
And then we want to break to higher highs in our previous highs of this bull run
then we want to get above the heart line, and we want to get to the 50% retrace level and
Then after that of course we want to move to the six one eight at two ninety-two and then onward so
hope that helps your decision making process of the
Screwing the mirroring in the murdering, so we're gonna move on to aetherium now. Give me this short and sweet for y'all
They've got stuff going on at Sunday
I don't know why y'all are here listening to me do ta
Like last night what we all doing y'all should have been in y'all's tinder dates
but we talked about that so okay aetherium taking it out a logarithmic scale for the
purpose of my charting and my trend lines so
Not much has changed really with aetherium it looks like the 200 has now started catching up with the candles
Which is a pretty good pretty good sign you know normally again?
You want to have your fastest ma is above your slowest in a so we're starting to get there. Which is a good sign
But ultimately right now
We are at the 50% retrace level
We're using that currently as a resistance as well as using the 20 ma as resistance so that's never a good sign you've got
Pretty decent levels of resistance here, and now we're also testing the heartline. We're using this heartline as a support
so possible scenarios mmm if we it looks like we got a small amount of bearish consolidation right here off a
Downturn right so we went down
We're now consolidating bearishly because we're not breaking to higher highs so what could happen especially with us being below that 20 ma
We fall below the heart line we test the 50 ma
We can't hold that level we'll test these smaller levels of support around
875 and then probably down to 845 and then we'll be testing the 61 8 at 8:25
And then ultimately we'll be testing this bottom trendline of the upward sloping channel that we had drawn
That looks better than me this up now
Perfect so yeah if we can't hold the six one eight will be touching this level at some point wherever it is
It looks like with the way time goes we could see some good fluence of support with the trendline
And if it didn't it so something that uh something to look at we had some
Bearish divergence some pretty and this was just like Bitcoin
I know we didn't really go over it on Bitcoin account for God
But a Bitcoin looked just like this on the four hour time frame, so now we're getting some
Negative momentum starting to build which isn't really good, and it's also bearish divergence because I feel like yep
Not much, but we're getting some
Higher lows or higher highs if you want to call it for the negative momentum
We have more of our previous time so and here so
you know there's a
We've kind of gone over the scenarios bullish and bearish on all three of these
big
big cryptocurrency uh
coins and
Now I want to hear what y'all have to say about it
Be sure to hit like subscribe and let me know
Of the big three Bitcoin litecoin aetherium, which one you would
Screw which one you would marry and which one you would murder looking forward to read reading this
This comments so guys until next time stay hide
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