jimbo70448

jimbo70448

Well we are now into the second quarter of the trading year... We are looking for a positive quarter and are using the day chart to show the channel of trading but also in coordination with the Bitcoin which is the gold standard of crypto....We are also basing Bitcoin chart on the Elliot Wave Theory and should be going into the 5th wave for all time new...

jimbo70448

On March 16th I said I recommended to start buying in Bitcoin, Dogecoin and Ethereum. I said Bitcoin would have resistance around 47000 but I still believe with a target of 52000 and with Dogecoin said .17 to .22 and we have hit that with resistance at .145 but other than a little resistance at .17 there is nothing to stop .22...I am using the day charts this...

jimbo70448

Well in has been a couple of weeks since our last update and many things have happen with major consequences.... The announcement of high inflation here in the United States and world wide with high oil and gas reaching $130 a barrel and gas as high as $7.50 a gallon... Then we have the war with Russia and Ukraine.... and now today we started the first of many...

jimbo70448

We are doing this a day early because we are traveling tomorrow and to our loyal followers we wanted to keep our 2 week recommendations in tack.... One will notice the chart has changed due to technical difficulties..... So at that the time of this writing Bitcoin bottom at around $33,000 USD and DOGECOIN $.1564....and bottom at $.1203 USD.... and in the last...

jimbo70448

Well as investors we have almost put the first month of 2022 into the record books, as it has been maybe one of the worst Januaries for trading in crypto currencies for sure... Bitcoin from a high of almost $50,000 to a low of around $33,000... at the time of this writing $36,227... DOGECOIN $.20 to $.1201....at the time of this writing $.1417..... Many factors...

jimbo70448

Well 2021 has ended and 2022 has begun but we have still been a very weak market that has provided one the ability to accumulate if so desired at low values, for long term...and for short term traders can trade between $.14 and $.17... Long term if you believe, and the coin at the time of this update is $.1603 would be a 600% return on investment at a...

jimbo70448

Well the year of 2021 has come to an end and investors are doing tax loss selling and institutions are rebalancing portfolios options are expiring, and hedge funds only get paid if they are in profitable positions... So this is part of the weakness and in countries that tax crypto or investors are expecting them to tax in the near future they are selling and...

jimbo70448

At the present time I am sticking to our long position on the technical side and call this a cumulation mode.. As for the fundamental side, Elon Musk stating now it would be the best currency coin and will be used to order to buy some of Teslas products.... Also with the signal that interest rates are going up and inflation going out of site it has been...

jimbo70448

Today we had an overall wash of sell with individuals not wanting to hold over the weekend and since the major support held at .19 I believe from here we will see a nice run with buyers picking up bargain for the Christmas rally................ We thank you again for those following ......................... Jimbo

jimbo70448

a repeat from lasf night showing an over sold situation............................

jimbo70448

Again we appreciate those who are following here and on twitter and also appreciate the likes.... Due to technical difficulties we lost our chart to bring forward so we have to start with a new one going forward............ Ok purple line horizontal is the buy price we gave on November 17 2021... the green line is the top resistsance a about 33 and yellow is the...

jimbo70448

First I want to thank all those who are viewing the chart and monitoring my analysis...In the past 2 weeks it has jump 5 times in views... now the purple line is where I said was my last buy recommendation .2582... one could have bought and sold for a quick profit but if you are in for the long term and didnt sell in this dip ...it has provided a buy opportunity...

jimbo70448

Those that follow me know that on October26 I gave a buy signal at .2581 and today its at .2581 but has been as high as inter day .3370..... and I am sticking to what I said .... we are in an uptrend accumulation period..... you can call this all kind of fancy names but its simply and fundamentals keep coming in it will increase.... as of this writing the country...

jimbo70448

We are now in a channel that will soon do a break out to the upside, looking for 30 yo 32 for about a 30 percent upside short term and 100 percent in 30 to 90 days............... fundaments and volume coming back in the further we trade up............

jimbo70448

this is a clear buying opportunity on the 4 hour chart which is stronger than other.....it is really the only crypto that hasnt reacted to the new all time high of bitcoin....but you can take it to the bank its a double from here in 30 to 60 days..............

jimbo70448

Technical analysis and the many fundamentals that have followed the many companies and people accepting the coin payment including AMC theatres etc.................................

jimbo70448

BUY........28 CENTS OR better..... Chart shows the technical lines of this opinion...

jimbo70448

short term over sold market ... and long term proably 5 x in 6 months....... jimbo