CryptoJean

CryptoJean

Hello fellow enthusiasts, The chart speaks for itself I guess. I will short if we indeed do break the neckline of the head and shoulders pattern. This pattern has a target around 57 which lines up with the support there. Happy trading, C.J. * This is not financial advice, please do your own research to make your own decisions *

CryptoJean

Hi fellow enthusiasts, At this moment we are in a triangle after quite a drop and we see hidden bearish divergence on the 4hr RSI. Looking back to beginning of august we were in a triangle after quite a drop and we saw hidden bearish divergence on the 4hr RSI... Copying and pasting the bars pattern from there gives a very interesting result in my opinion: first...

CryptoJean

Hi fellow enthusiasts, I got stopped out of the last trade and have been on the sides since then, not trading is better than gambling right? ;-) Looking at the chart and absorbing a lot of information in the chart-attack crypto channel on telegram things are becoming a bit more clear now. At this moment I take into account several horizontal resistance lines...

CryptoJean

Hi fellow enthusiasts, Been a while since I posted here, but have been following prices and trading almost daily in the last couple of weeks. I will try to post more often here, if only to hear where I am wrong. Last night/this morning I went through as many indicators and chart patterns as possible on all time-frames. My conclusion at the moment: 1) A lot of...

CryptoJean

Hi fellow enthusiasts, We did indeed break down after my last post and now we are in an upwards channel/rising wedge within the larger downwards channel. For now I am trading this small upwards channel (buying near the support and shorting near the resistance and taking profit fast. We never can tell what will happen of course but the most likely scenario at...

CryptoJean

Hi fellow enthusiasts, As usual there are currently mixed signals looking at the chart patterns and commonly used indicators. Things I am currently taking into account: 1) EMA100 on the 4hr chart has been very reactive the past couple of months. On the occasions we crossed it we saw trend reversals. At this moment the line is just above price. 2) We see a...

CryptoJean Updated 

Hi fellow enthusiasts, Looking at the chart it looks like a falling wedge formed within the big triangle, which is a bullish pattern and suggests we will test the upper side of the triangle after breakout. As long as we are in the wedge I trade it with small positions, at this moment I am long from a bit below 8k with a target to sell once we near the upper side...

CryptoJean

Hi fellow enthusiasts, We are in this big triangle now, so we can use the most likely scenarios to predict what will happen in the next couple of hours: 1) Most likely we will have another move down to see the lower border of the triangle, and then the big move up. I would think we move to the top of the old upper parallel at least, which is around 9800 at the...

CryptoJean

Hi fellow enthusiasts, It is amazing how unpredictable Bitcoin has been over the past couple of weeks, and many are getting tired of Bitcoin moving sideways. If we look at the higher timeframes chart we see two very strong lines slowly but steadily coming closer: the downtrend line from ATH above us and the long uptrend line going through the low on feb 6th...

CryptoJean Updated 

Hi fellow enthousiasts, Looks like there is a big move coming up, but it is not clear to me at this moment what pattern exactly is forming. I think we will find out soon. :-) The targets seems quite realistic: up we test the channel wall, down we land on a strong support level. Happy trading!

CryptoJean

Hi fellow enthusiasts, For some reason it seems BTC decided to leave the bullish channel it had been in for a while just before it reached the upper side for the third time. Maybe my channel was not drawn correctly or the channel was slightly different on another exchange chart. Anyway, looking at the chart again I suddenly noticed the similarities between the...

CryptoJean

Hi fellow enthusiasts, Just as everyone was looking forward to see BTC taking on the resistance above at around 12000 and the upper wall of the uptrend channel we are in, of course we got served a dive down to test the lower wall of the channel. As long as it holds actually nothing is that unusual and we should see a slow climb along the lower border or a bounce...

CryptoJean Updated 

Hi fellow enthusiasts! I see a lot of wild movements predicted from wave analysis but to me it seems clear we are in the blue uptrend channel and without a good reason I would assume it stays that way. On the other hand and on a (much) larger timeframe we are still in the orange downtrend channel, and many charts/analysis bring this up. What confuses me though...

CryptoJean Updated 

Hi fellow enthousiasts, Like so many others I was looking forward to finding out today who would win the battle between the bears and the bulls that has been going on for a while now. After the head and shoulders pattern formed (props to MPC for calling it first afaik by the way) it seemed plausible a decision was imminent. Unless of course we buy time by...

CryptoJean Updated 

Hello fellow enthousiasts, I actually wanted to post this as a comment on MCP's last chart but since my account hasn't accumulated enough points that was not allowed. To keep it simple: I totally agree with his view and it seems quite likely ETH will dive a bit in the next hours. Only exception I can see to that would be if the first support holds; in that case...

CryptoJean

Hi fellow enthousiasts, It is clear the old channel that was valid for about 6 weeks is complete history and NEO is not immune to the overall downtrend. At this moment the current support is being tested for a second time, and best case scenario in these market I feel is that NEO would stay inside the bleu channel. Even then chances are it will be forming a flag...

CryptoJean Updated 

Hi, I am a complete newbie so I limit myself to rather easy and straightforward analysis. This was one of the first charts I analysed a couple of days ago but since the support zone and channel lined up I decided to jump and buy some NEO when it did bounce. Haven't regret my decision so far, beginner's luck probably. I am planning to buy more once NEO breaks both...

CryptoJean

Hi, I am quite new so please don't hesitate to tell me this doesn't make sense and why. I have read numerous much more complicated analysis and it seems most of those still are positive. To me it looks like BTC is running out of time and will break the current support level in a matter of days max, unless it indeed breaks out of this current resistance line. I...