jamiecassels

jamiecassels Updated 

Point : Alts have been under a lot of pressure lately and I've heard lots of pain from those holding bags. Originally I had thought alts would be really rocked with BTC mooning before these forks, but maybe they can rally at least temporarily from here. We are at major support, and there is positive divergence forming on all our daily indicators. I feel very...

jamiecassels Updated 

ADX breaking out, I think BTC is just too strong right now. Targets look like .04 and .014 if they push it that far. As long as that ADX is rising and breaking out of a long time below 20, beware going long alts LTC -0.11% looks the same and I would imagine most of the alt-sphere is going to hurt if those two are in bad shape. Good luck.

jamiecassels Updated 

Guys, I hate to be the bearer of bad news but this chart looks ugly. When I zoom out to the Weekly chart the RSI looks hideous with lower lows but the rest of the chart is illegible because of price spike so I just want to look at this daily chart. Looking at the price, we see compression on the support of the thin trading zone, where price has moved through...

jamiecassels

Point : I just learned about the Bitfinex LONGS/SHORTS so take this analysis with a grain of salt but I think the shorts are about to get rekt. Besides from our earlier chart where we saw RSI is breaking out on the Weekly BTC chart, on this chart shorts look like they are in an broadening wedge pattern which can be a top. There also looks like the wedge is...

jamiecassels Updated 

We're starting to see a intraday bear flag forming around key .01 support, not good for longs. I think we make more flags before dropping big but it could happen at any time. To switch and go long LTC, I would need to see RSI break above 60 (it's been below that since early Sept) and price go above the falling trendline. In that scenario, I would wait for a...

jamiecassels

Generally speaking RSI over 70 on a weekly chart means that whatever you are trading has some serious muscle. *Knock on wood* if this week closes and we break out of the descending RSI trendline @ 75 I have no clue how high this is going to go, probably a time to HODL because who can say. I think this run is about to be something special, good luck if you try...

jamiecassels

I want to believe this is a bottom at .01 but something doesn't feel right. RSI and Stochastic show a series of lower highers and lows, while ADX is expanding rapidly with DI- leading the way. I posted a long time ago there may be a capitulation move in the works, and it still looks that way. I see thin trading to .004 and it may come fast. I was buying below...

jamiecassels

Seems like the sell off in crypto is losing power and the bulls are back in charge. So looking at LTC vs ETH for altcoin exposure, I'm thinking LTC looks better. I think with atomic swaps becoming a thing LTC benefits from that fundamentally as well. Charts looks like a short term bottom, good luck.

jamiecassels

I'll be honest, idk wtf a shibe is. The whole Dogecoin scene seems fun though, and people are actually using it so that's cool. Crypto as a whole seems to be okay, so I'm looking here for a small play as things looks oversold.

jamiecassels Updated 

I've been bearish the last few weeks but the inability to go down has me rethinking things, at least in the short term. It looks like we have a bullish flag forming on the price resistance line which usually means we are going up. RSI has broke out of its downward channel and looks to be gaining ground. There is no discernible trend from the ADX indicator, but...

jamiecassels Updated 

So the RSI and ADX are pretty concerning and may be pointing to some sort of super capitulation move in the works. The RSI has broken down out of a falling wedge, which to me says capitulation move incoming. Then looking at the ADX its still gaining and DI- is pointing up and wants more. I'll be getting long LTCUSD at some point, but I'm not even dipping a toe...

jamiecassels Updated 

Looks like we are at an important point here. It appears price has formed a giant wedge and will be breaking out of it soon. A couple factors that lead me to believe it will be down, looking at this 4HR chart. The first is the RSI is below 50 and is meeting the 50 line resistance and it's downward channel resistance. It is possible it breaks out of both the...

jamiecassels Updated 

On this daily chart of ETHBTC, I will be watching the RSI and DMI closely. The RSI has broken out of a rising channel, backtested it, and looks like its going to fall down fast. ADX is finally starting to tick up with DI- firmly in control. DI- looks like its flagging for further gains, while DI+ has broken its rising wedge it started forming back in July. DI+...

jamiecassels Updated 

I am scared to death to hold crypto right now but I'm gonna test the waters and go long some BTC here. Also holding my LTCCTC and ETHBTC shorts for the moment. That ADX is expanding and the DI+ is breaking out. RSI looks like its about to explode. I think this is going to be a quick trade because I'm still scared of the markets but I want to ride this move as...

jamiecassels

The physics postulate holds true with markets of all kinds. Thin zones like to get filled. They also serve as support and resistance as we saw a nice bounce when price tried to fill the thin zone the first time. Really I'm just looking at that expanding ADX trendline and DI- and I'm just not ready to call this anything close to a bottom yet. RSI is pointing down...

jamiecassels

Finally getting some breaks of our major trend lines. Price has broken its uptrend and has hit our first target of .015. RSI is at the bottom of its range so we might be at a very short term bottom and I'd bet we test .015 as resistance before going down further but I'm not taking profits yet. What I'll really be watching is our 4HR ADX and DMI indicators,...

jamiecassels

I really don't like what I see when I'm looking at my charts. I love litecoin I'm really rooting for it but the chart looks bad. Textbook head and shoulder formation with a neckline at .01. Looking at the RSI over the last 10 periods or so shows a series of lower highs/lows. DI- is gaining while DI- looks like it's about to tank. While I am short this pair, I...

jamiecassels

Price has been hanging around .07 for a while and it looks to finally be breaking. Looking at RSI , we can see over the last few periods we have made lower highs/ lower lows while potentially breaking through its rising channel support. The thing to note is DI+/-, as well as ADX are all below 20 so this thing hasn't even begun according to our favorite trend...