JohnNMex

JohnNMex

The current uptrend has an uncanny resemblance to the one in April. In both cases the first top got rejected by the golden pocket, 200 daily ma and touched the upper band of the BB. In both cases RSI had a high value at the first top and when BTC created the 2nd top RSI had la lower high and it didn't touch the upper band (M top BB pattern). Price action should be...

JohnNMex Updated 

3D chart: - RSI oversold - stoch RSI dead - price action suggests that a rounding bottom might be created

JohnNMex Updated 

This week could mark the beginning of an uptrend for ETH. It has all the ingredients. Weekly chart: - hidden bullish divergence on the RSI - TD 9 near support - stoch rsi oversold

JohnNMex Updated 

Why are we saying that? - we had a 28% almost perpendicular move without correction - (for the moment) 12h RSI has a bearish divergence + daily TD8 out of 9 near major resistance - volume is decreasing - we are at the 1.618 extension of the impulse from 5780 to 6839 If the sentiment is bullish price should not fall under 7091 (0.382). The next support is at 6899...

JohnNMex

Everytime LTC closes under the 34 weekly EMA it falls hard and this time was no different. We expect LTC to find some support between 0.0099 and 0.0109. If LTC breaks 0.0099 the next buying opportunity will be at 0.008

JohnNMex

If you are impatient and you like taking high risks 470 could be the entry you are looking for. RSI is at it's lowest value on the daily time frame and we are at the support (currently broken) of the downtrend channel but if you like trades with good risk reward ratio then 400 could be the perfect entry for you.

JohnNMex

ETH under the 50 weekly EMA is not a good sign for the bulls. Every time it got rejected by the 50 EMA it had a pretty nasty fall and right now we are very close to the most important trend line since its history and near the last swing low. The good side is that on the daily time frame RSI is oversold and it's approaching a zone 20-15 that has been proven to be...

JohnNMex Updated 

BTC is having trouble penetrating the cloud and breaking the 100EMA. Also, in the same area is the 0.382 retrace of the move from 9990 to 5755. For swing trading we believe that this the middle of a no trade zone because of the bad RR. The 7780 – 7930 area should be treated as major resistance and the 7050 – 6850 area should be trated as major support. At these...

JohnNMex Updated 

BTC broke the IH&S's neckline with volume and now it's testing the triangle's old support and the 0.382 fib retracement of the 9990 - 5755 move. A retest of the neckline or 7000 should be expected.

JohnNMex Updated 

The IH&S has a 1081$ range and C&H has a 694$ range. We have a bullish paterren inside of another bullish pattern. This could be a very profitable breakout!

JohnNMex Updated 

Simple yet effective. TD9 on the 4h chart at the resistance of the rising wedg, possible 1-4 candles of correction. Don't miss the breakout.

JohnNMex

This is a possible path but before going to the moon we might have to correct a bit more.

JohnNMex Updated 

Watch out for a possible retrace.

JohnNMex Updated 

For now the price action looks bearish to us and we think that we have a good shorting opportunity with a high risk reward ratio. If we break the down channel we see no reason for keeping the short active for more then a -1%. This trade could be confirmed by the break of the small uptrend line from inside the channel.

JohnNMex Updated 

Before reading the analysis please take in consideration the following things: 1.This is not an Elliot Wave analysis! We did not group waves in 1-2-3-4-5, ABC, WXY etc. All we did was to measure each move down and we tried to find a relationship between its length (projected from the end of the correction) and the length of the next move down. 2.This bearish...

JohnNMex

On the weekly time frame TD is on a 7 out of 9 and the price is very close to the trend line. This COULD be very bullish if the 9 closes on the support line! The bad news is that we had a death cross (7ma & 30ma) and if we continue the down trend we might get another death cross (7ma & 50ma). Also on the weekly time frame BB Width is almost at it's lowest value...

JohnNMex Updated 

BTC bounced right from our buy zone, broke out from the falling wedge and if it manages to break the 0.236 we are going straight to the resistance from 0.5. If it goes above 0.5 we consider that a touch of the median line is imminent and in this scenario it will create an Inverted H&S with a 1000$ target.