Jjesterr

Jjesterr

The CME Gap bottoms out at the bottom of the EMA Ribbon. Not Advice. Price Action Not Guaranteed.

Jjesterr

There's two triangle patterns, we broke out of the first one; now let's see if we'll break out of the bigger one. Up or Down? I'm leaning towards down, we're still too high on the Weekly and Monthly. A nice breather would be nice, also a great discount. Not Advice. Price Action Not Guaranteed.

Jjesterr

Not Advice. Price Action Not Guranteed.

Jjesterr

Cyan Dotted line is a potential bounce if we break down. Cyan Solid lines are potential ceiling/floor price for bear/bull break out. Not Advice. Price Action Not Guranteed.

Jjesterr

If we break up, price target is 41k; if break down price target is back at support trend line of 36k. SOLID RED LINE: Conservative TP. ORANGE AREA: Price Region to Pay attention to if you want to be greedy; remove TP & move your SL as necessary to gain position. Not advice. Price action(s) not guaranteed.

Jjesterr

If this breaks up we'll see a price target of 38500. In my previous post, I mentioned that 38500 and upward to 40k is a region of where if price starts to go sideways: Take Profit and wait until next pattern or trend forms; this is CONSERVATIVE. Always set your SL and move around as necessary if you long'd from 36.4k or lower. Not advice. Price Action Not Guaranteed.

Jjesterr Updated 

Ok. Maybe it's not a traditional Double Bottom. However, let's entertain the pattern here. My previous post, I mentioned that it was an ascending triangle. However, the breakout and price target is similar. Not Advice. Price Action Not Guranteed.

Jjesterr

If we break up, target is delightfully at 43k region. If we break down, we'll most likely fall towards the H/S completion; if we don't bounce from support and continue a fall -- expect a H/S price action. Not advice. Price Action(s) Not Guaranteed.

Jjesterr

Depending on Volume of Bulls or Bear, this could go either way. I personally think we're going to take another fall into mid 20's region, but, as stated before, volume can make the difference. If we do break upward, especially from the 50% fibonacci Growth Curve, it's likely we'll go up to test 40k and 45k resistance. Not Advice. Not Guaranteed Price Action.

Jjesterr

Not Advice. Price Action Not Guranteed.

Jjesterr Updated 

If we break out up or down today or tomorrow, we could see either 44k+/- or 35k+/- Not advice. Price Action Not Guranteed.

Jjesterr

In previous bull cycle that lead us up to 20k (@ 100% fibonacci growth curve), we had two major 40% pullbacks. However, each time we had a major pullback we had a major pump of up to 150%. If we were to have a 40% dump, we'd match up to the 61.8% fibonacci retracement; and then say we have a followup pump of up to 150%, we'd peak at 127.2% fibonacci...

Jjesterr

It's going to go up; not a smooth up, it will be bumpy and challenging. We have plenty of room on the Weekly and Monthly. Nothing guaranteed though. Just my opinion.

Jjesterr

What's your opinion on the current run? We've shot pass the 50% fibonacci growth curve, we've already tested the 38.2% fibonacci. We've also held support at 38k in the 30m TF. Are we going to see another breakout today? If we do breakout upward, I'm seeing price targets of up into the 50k region. Although. I'm also very careful in case we get a pullback -- IF...

Jjesterr

Speculation only.

Jjesterr

Not Guranteed. Not even Technical Analysis. Let's just take this with a bit of salt... The previous ATH for ETH was at the bottom of the Bitcoin growth curve. Let's guess, hypothetically, that the next Bitcoin ATH were on Oct 18th, again, there's no validation to my statement; and, if, ETH were to peak, again at the bottom of the growth curve, that would take us...

Jjesterr

Is this going to be a continuation pattern, or is it going to be a reversal pattern? If we break up, we're closing in on the 50% fibonacci on the growth curve again; and, if we break through, we'll see a price target of up to 37k. If we break down, we'll come back down to 31.3k as target.

Jjesterr

FRT shows 61.8%-50% level around the same target area as 40% dump target. Possibility that we will see 20k, or at worse 18.5k; accumulate (short-term)--sideways; then parabolic upward pass the 50% Fib Level (Growth Curve). Simplified TA, not advice.