jacobcanfield

jacobcanfield Updated 

- Falling wedge structure with a 261.8% downside support. - Hourly and 4 hour are showing Bullish Divergence - Double bottom on price structure with a small breakout and retest of the falling wedge resistance turned support. - Higher risk trade due to newer listing.

jacobcanfield

HE ULTIMATE LIST OF PROVEN STRATEGIES TO OVERCOME BAD TRADING HABITS Welcome Traders! Thank you so much for the overwhelming response on my first article even if there were a few typos and a couple math errors. If you haven’t had a chance to read it yet, it was the Ultimate Blueprint For Risk Management and is the foundation for this technical analysis...

jacobcanfield

Charlie Lee will go down in the history books as having some of the greatest predictions in crypto. I wanted to mark these tweets in the history books so people would remember the mind blowing trading genius Charlie Lee. On March 30th, he tweeted that after Segwit, Litecoin Price woudl go up an estimated 300-400% to $14 was near the absolute bottom of Litecoin's...

jacobcanfield

I hate picking sides, especially when two of my favorite friends are fighting... I've made a lot of money with the 200MA... and made a lot of money with the 200EMA. I just wish they would get along, but alas... This is a pretty unique situation for Bitcoin to be in, where the price is now trapped between the 200EMA and the 200MA. In a very simplistic view, I...

jacobcanfield Updated 

Hello Traders! If you don't know who I am, my name is Jacob Canfield and I'm one of the top authors on Trading View. I've been trading various markets since I was 19 years old when I bought my first options course. After spending a decade trading in all types of markets and spending the last 3 years in the cryptocurrency markets, one thing is certain... risk...

jacobcanfield

TECHNICALS: I like to buy on these accumulation zone set-ups when the market is 'somewhat' stable because we can see explosive moves out of the buy zones. When the market is in price discovery, these zones can get melted like a hot knife through butter. Always understand the context of the market before making a trade. Double Bottom on price action. Strong...

jacobcanfield

TECHNICALS: DENT is in a massive accumulation triangle that has been going on since August of last year. We've seen massive buy side volume spikes with strong support around the 22-23 Satoshi level. Moving Averages are flattening out with 50/100 forming a majority of our topside resistance. The RSI is starting to see some upside momentum. The 3 day TD...

jacobcanfield Updated 

Adding a low leverage short here and will add more a little higher. You can use the ETH/XBT pair. Look for a 38.2/68.1 pull back from here. Won't re-enter until I see volume confirm. Hit the 161.8 target. Bearish Volume Bearish Div on RSI Strong Supply Order Block Rising Wedge Testing 100MA

jacobcanfield Updated 

If you enjoy my analysis, all that I ask is that you like the chart , leave a comment and follow me to get notified of more chart analyis. As mentioned in my previous analysis, I thought we'd have one more breakout and then further downside momentum. I was personally hedging a short against a lower down spot long position where we entered around $3380 on...

jacobcanfield Updated 

Watching this bullish div forming on RVN so far sitting at previous support from initial listing on Binance. Watching for some buy volume to move in for confirmation though. This is an early entry for accumulation near support before a potential move.

jacobcanfield

This is an advanced tactic that no one ever talks about, but I'm going to expose one of the biggest insider secrets in trading. When drawing your support levels, make sure that it's as thick as you can make it . Use the biggest font possible and make sure you bold the lettering. This gives you a higher probability that the price can't fall through to lower...

jacobcanfield

It's easy to call it manipulation, but then you'd be ignoring all the technical analysis that told us we should be booking profit, hedging short, poor R:R at those levels and at weekly resistance. If you want to play the game, the first rule is that there are no rules. Whales will use their positions to create FOMO from retail traders and will sucker you in to...

jacobcanfield Updated 

First off, I want to start with saying trader's don't call bottoms. Anyone who is adamantly claiming bottoms is not a real trader in my opinion. Trader's use edges, probability and win expectancy to make calculated decisions on their trading to stay profitable over the long run. I would be very happy if it was the bottom and we went to the moon, but I want to...

jacobcanfield

Just a quick thought on looking at the graph. Due to the massive number of shorts closing, I think that the way I would approach this as a whale is to send a quick wick down to the previous resistance and below the 20MA to capture liquidity for a long breakout position. Longs are getting high up there as well. This would fake out a lot of the market that...

jacobcanfield

Sitting on support right now for a low risk entry. Stops below the 200MA on the 4 hour. Nice volume moving in with a small bullish div on the 4 hour RSI. Strong potential since the partnership announcement with veil, a new mimble wimble project. Target is the 161.8% of this recent swing high and swing low fib extension. Cheers and happy trading! Remember,...

jacobcanfield

Good evening traders! If you followed my last analysis you would have avoided the previous drop and prepped yourself for this massive upside move (see red arrow ;) to $3800. Now that we've broken out of our falling wedge, where are we headed? It's important to understand that the falling wedge is a micro structure within a larger macro structure that you...

jacobcanfield Updated 

Hello Traders! The end of this wedge set up is closing in within the next 3 days. Bitcoin is yet again forming another potential ABC Bear Flag Formation as it has two previous times. We also saw a strong support/resistance flip as it tested both the diagonal and resistance as well as the horizontal resistance. Currently we are sitting on the 78.6% fibonacci...

jacobcanfield

Lots of bullish indicators for STORM here. - Rising volume (lots of buy side pressure.) - Strong accumulation on OBV with a potential cup and handle - Swing low failure on RSI with strong momentum shift to the upside. - I'll be targeting the 161.8% extension which should line up with the 200MA. - Stop is below the swing low, but if you want to open it up, i'd...