RJ_

RJ_

1. Paint inverse H&S 2. Failed IHS into a pennant 3. Pennant breakdown 5. Mini bearflag 6. Break up

RJ_

Sep '17 was the last monthly candle down before BTC went parabolic. Therefore those levels are highly significant for the current monthly close. Previous monthly (Nov '18) closed well below the body of Sep '17 and even below the low of Oct '17, which was the first candle of the large move up. So that showed a lot of weakness. Current monthly candle however is...

RJ_

> Uptrend from 62xx broken now we've formed a lower low > 6350 - 6380 failed to hold as support and turned into heavy resistance again > Liquidity above 6500 taken > Liquidity still resting below 6200 which acts as a magnet Concluding, no rush to long. Equal lows at 6200 could be the next target.

RJ_

BTC currently trying to push and close back above the 3D 200MA (blue line) after it fell through. 'Decision time' has become a buzzword, but important moment here. 3D death cross (50MA crosses 200MA) will happen on a rejection. Paying attention.

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More content in TG, check bio!

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More content in TG, check bio!

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More content in TG (check bio)

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Re adding in the blue box.

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More content in Telegram group, check bio.

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More content in TG channel, check bio.

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Consolidating above previous swing high. Longing the breaker if we get a retrace.

RJ_

Monthly needs to close above the 21EMA, currently at 6125. Close in 2 days.

RJ_

3D broke the 200MA and trading below 50MA. Also a cross is approaching. Current 3D candle closes tomorrow.

RJ_

Both sides stacked.

RJ_

Details in chart.

RJ_

ETH price behaviour: Small trend up -> Consolidation right at the major trendline -> Violent break downwards. However, price moves flatter and breakdowns get smaller.

RJ_

Possible rounding bottom being formed. Decreasing sell pressure followed by a major volume spike, right at the horizontal support. Something worth keeping an eye on.

RJ_

Check previous post for confluence in price action. 1) Apex 2) Fake out -> Run stops, take liquidity 3) Start the significant move? Definitly a possibility to consider.