MrJEB

MrJEB

ETHUSD Bullish is looking similar to the last leg up. Will we see continuation as we have previously? ETHLONGS on BITFINEX are soaring, ETHSHORTS are dwindling. We also have declining volume again with sustainable Highs and Higher Lows. The flag looks legitimate coupled with the volume. This seems Bullish to me, but again I am eyeballing a Bullish Butterfly...

MrJEB Updated 

ETH Daily SMA 50 has been rejecting price advance quite consistently. With this many rejections at/or around the 50, and a down-sloping trend line approaching , one has to think that the Bearish response to any price advance beyond the Daily SMA 50 illuminates the path of least resistance to the downside. Since the surge last Friday, any advance has been...

MrJEB Updated 

What will it be? "Bulls take the stairs up, Bears take the Window down". Two ideas that I think are in play, especially with much rejection coming from the Daily SMA 50. Firstly, SMA 50 and 100 are soon to meet, and possibly one tough hombre to cross. That, coupled with a minor Round Top could spell a setup price down to POC @ $120 ($115 on other Exchanges), or...

MrJEB Updated 

Bulls may have gained the EMA 12 , 26 , and broken a minor downtrend line , but the Bears have MA 50 , 100 , and with backing by a large downtrend line . MA 100 is settling right atop the down trend line from September , and recent price action just saw MA 50 act quite quick with profit taking. While a minor double bottom reversal may have formed...

MrJEB Updated 

If Bulls blast through the Daily SMA 200 , this Bearish Three-Drives , and the Long Standing Descending Channel would dissolve from our charts as they would no longer be valid. If Point C on the Bullish Butterfly is also ignored, then ETH Bulls have had enough - the 100 and 200 SMA would be gained on the Daily. The 100 SMA could very well cross the 200...

MrJEB Updated 

ETH Price action broke uptrend line this morning. As outlined in a previous post on Bearish Three-Drives (or Bullish should it maintain it's sentiment), correction could come looking for support around the .618 Fibonnaci ($115-114 range). Bears looking to test the Bulls resolve on this uptrend. SMA 50 nearby, and should act as nice support on the 4 Hour Time...

MrJEB Updated 

ETH Facing SMA 50, 100 , and minor downtrend line . Let's take a step back and take an interesting look at the Major Cluster of Downtrend Lines on a Daily Scale from the beginning of the Bear Market that were overcome in the December & January Rally. The December Bull Rally could have been more significant than perceived. Has ETH declared its Bottom? One...

MrJEB Updated 

ETH is displaying what looks to be a Bearish Three-Drives to challenge the Daily SMA 50 and 100 ( Bear Market ). Present position has it aligned with another price surge up towards the previous Daily SMA 50 rejection, and a possible tickle of the Daily SMA 100. If the pattern validates, the correction will come at 61.8% correction . Then on we go? The flip...

MrJEB Updated 

Some Recent 15m price action analysis with Bearish Three-Drives Pattern . I think the SMA 100 will come into play after the next leg up. The SMA 50 is also standing by on the Daily, noted on the recent Bullish action Sunday Evening with quick profit taking. Bulls will need a great deal of momentum here to break SMA 50, 100 , and the Downtrend Line in place...

MrJEB Updated 

Bitfitnex ETHLONGS are up 7+%, ETHSHORTS are down 7+% This breakout looks seemingly healthy so far. A good Volume follow through would invalidate this Bearish ABCD Pattern. A break of the $105 resistance now turned support would likely validate. This is also a much more convincing breakout of the Downtrend line that has been in place since January,...

MrJEB Updated 

There is a massive amount of confusion in the market it seems. These numbers look to qualify for a Bearish Gartley , which would suggest a move to the upside before sending ETH USD to lower numbers. With everyone calling for 100, 90, 80, is anyone looking the other direction? Trade wisely, heads up for the Stop Hunts. Good Luck Traders! Bearish Gartley...

MrJEB Updated 

Fibonacci Retracement of last move down from $106 to $100 + Bearish Gartley. .50 Fib leve l would have to hold around Point C ( $103.23 ), then move up to Point D (downtrend line. $105 area) to validate. The last move, did not reach target of $95 (see below), but given the psychological strength of $100 level, I suppose I'm not surprised and maybe that move...

MrJEB Updated 

Is this a Gate for the Bulls, or are the Bears waiting to maul? In a previous analysis, the Bears have had control since Jan. 14th in a segmenting pattern, and back as far as Jan 3rd since the break of the December uptrend. Bulls look to have a gate through the Bear defense, but will it materialize. I will be watching for the conviction myself even though there...

MrJEB Updated 

I have no idea where ETH USD is going in the Long Term. Personally, I enjoy a micro level, but this is an interesting pattern. Everyone is calling for $100 Retest, and an $80 retest - maybe the market will get it. Maybe it wont. Possible that the sooner it retests $80, the sooner it can challenge on to $220 Good Luck Traders!

MrJEB Updated 

There is no denying the Bearish Downtrend, to think otherwise would be costly. But, has Saturday's recent rally been a failed one, or have the Bulls put a small chink in the armor? In a previous post, I more fully outlined a the recent bearish stepping pattern that seems to have been occurring since Jan. 14th (See below). It is very strong. The larger market...

MrJEB Updated 

ETHUSD Saw a bit of a break on the 1H Time frame. With 1H SMA 200, and 100 Holding at healthy consolidation, it brings the 2H Into view. Will the break see follow through? This Descending Channel has indicated stiff sell response recently (since Jan. 14th, seen in an analysis my other posts linked below). However, this break did see an uptick in volume, and...

MrJEB Updated 

Following this Bearish Pattern since Jan. 14th, this second leg/step down, and 4th test of the Descending Trend Line is presently in a tightening 1H Range that could see some developments (it has yet to actually come up and meet it thus far). Will it breakout and head to $100 for a retest, or breakout and go test the trend line (around $107 where the Bulls have...

MrJEB Updated 

ETH USD Lost the 1H EMAs and has been trading in a predictable bearish pattern since January, 14th. This outlook, if validates further, has ETH Dropping like clockwork in 5 day periods. The pattern has ETH in a price channel near $104 - $100 for a few days before taking a recent on avg. drop of 10-12% per large dip($90's), and if the pattern...