easonjm11

easonjm11

BTC just shed 5% and dropped down to trend support, represented by the yellow lines. We have bounced around in a pennant formation for weeks now, consolidating into a tighter point. BTC was rejected by the fickle 21 DAILY EMA. The psychological $10,000 is not much of a support anymore, and the next level to watch is $9650, the 100 daily EMA. A rise to the top of...

easonjm11 Updated 

LTC broke the trend support is sitting @ about $84 right now. A fall to the 200 MA is likely, and then perhaps a bounce. Key supports are $81.30 and $76.50. Target is to retake $150, and then progress to the top of the trend line which is right at $217. A breakdown below the 200 MA could result in a fall to $76.50, then probably further. LTC last fell below the...

easonjm11

BTC, despite all odds, continues to push onward and upward. Be careful... we just ran into major overhead resistance @ the $6100 level. I think a reversal is coming, perhaps to the bottom of the upward trend channel, in light blue. However, there is always the chance that BTC could continue to rally all the way to the angular resistance (white line) and thus be...

easonjm11

XRP has printed an interesting fractal. It looks like were going to continue to test 0.30-0.34 cents, where XRP is very stable, until we either break up or down out of the triangle continuation pattern. This similarities in movement are pretty staggering when represented by the various shapes. We can only expect the pattern to continue based on the available chart...

easonjm11 Updated 

BTC has had a phenomenal day and is holding strong @ COINBASE:BTCUSD . BTC busted through the downtrend channel, in pink, and is resting right above. This channel was completely resistive for all of 2018. We broke though major overhead ichimoku cloud resistance, and took out the 200 MA, and rallied all the way to $5120, a near perfect 61.8% retrace from the 2018...

easonjm11

XRP/BTC has been working downward for awhile now. Since November, XRP has been forming a massive Bat Pattern, sometimes considered a bullish reversal signal. This Bat formation also sits inside a huge triangle formation that XRP has been in since Dec. '17. Things are looking pretty good for XRP. XRP has had a tough couple of months consolidating and further...

easonjm11

LTC rallied to almost $55 and was swiftly rejected from the downtrend resistance line. This could have been a major whale taking profit, seeing as this happened in a span of about 15 minutes, but who knows. This sort of thing validates how fragile supports and resistances are in a highly speculative market. Logical TA becomes less and less effective when markets...

easonjm11

LTC rallied to almost $55 and was swiftly rejected from the downtrend resistance line. This could have been a major whale taking profit, seeing as this happened in a span of about 15 minutes, but who knows. This sort of thing validates how fragile supports and resistances are in a highly speculative market. Logical TA becomes less and less effective when markets...

easonjm11

BTC has formed its first positive month since July 2018. This is a strong signal for a bottom on the long term. Judging by the fractal patterns of 2015, we can assume BTC will trade sideways for awhile until the next run up in the market. We had a strong bounce off of the weekly 200 MA, which in the grand scheme of things is really healthy to test and re-test....

easonjm11

On the daily BTC is running directly into ichimoku cloud resistance. in 2018, it had a 100% rejection rate. With the bottom in (hopefully), there may be more room to move to the upside, however the cloud resistance is an extremely reliable indicator in longer term trends. RSI approaching oversold territory, but this doesnt really matter, as the crypto market...

easonjm11

BTC may have bottomed for 2018, and may be showing signs of bullish movement, but we have to still respect the larger trend from the later part of 2017. BTC, at the moment, is going sideways consolidating into a relatively small triangle formation, struggling to get above the 50 EMA. With price tightening into a smaller and smaller range, a breakout to the top of...

easonjm11

XRP seems coiled for action. this is a fantastic time to accumulate as much as possible for sub $0.30. XRP is floating right above major support in a massive triangle consolidation pattern that could result in a breakout to the upside. Inside the triangle the price has formed a head and shoulders. Generally, this is a bearish sign. But, given the consistent good...