jlouvierobv

jlouvierobv

(repost due to the original being removed by Tradingview for an illegal link) Bitcoin has been in a consistent down trend for over 300 days now. With each attempt to rally to new highs even locally it has been rejected over and over again, just to go on and make a new lower high. We have essentially been stair stepping our way down from 69k to find a bottom for...

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ATOM has has had a massive 140% gain since it's bottom and steadily continued to trend higher over the last 2 months. If you read my previous ATOMUSD idea you know this and likely profited. :) You can read about that here: One of my favorite parts of that trade was realizing the momentum was shifting, remaining flexible and adjusting. We did not get greedy or...

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ETH on the 4h starting to put work in on the right shoulder of a Head and Shoulders pattern. With a breakdown of the neckline target would be 1.1k-1.2k The head and shoulders patterns are statistically one the most accurate of the price action patterns, reaching their projected target almost 85% of the time once break out is confirmed. It would take an extra...

jlouvierobv

Bitcoin 1Week Chart just got even more Bearish with a Three Outside Down candle pattern. What is that? A three outside down pattern consists of 3 candlesticks that form near resistance levels. It' best to find this pattern at the top of an uptrend and the Inside version at the bottom of a downtrend. The 1st candle is bullish, the 2nd must be a bigger bearish...

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During its Bear Market rally Bitcoin has formed a Bear flag with a wising wedge inside. Ultimately both broke down, although we have not seen the break down for the flag many wanted. Now BTC is forming a Bearish Pennant under the bear flag. The big difference between Pennants and triangles are the fact that pennants happen after big spikes up/down. With a...

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ATOM has had a massive 124% gain since it's bottom and steadily continued to trend higher over the last 2 months. No doubt, ATOM will be a solid performer this bear market and next bull market, much bullishness. ;) But with 6 consecutive candles rejected at supply zone & volume dying its not looking so great at the moment. Look for sideways movement over the...

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USD has continued its insane rally from last year all the way up to resistance levels that go back 20 years. In which it was rejected at. The rise in the dollar compounded the effect of collapses of LUNA, 3AC, VOYAGER and a few stablecoins unpegging. Even though inflation is out of control in the U.S., when you compare the Dollar to other currencies, it's...

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BTCUSD 3D Chart - Currently maintaining its validity inside of the bear flag, Bitcoin may be out of steam regardless of the "risk on" morning Crypto had after the CPI release. Looking over the past 50+ days we can see Bitcoin has had a pretty consistent 2 up, 2 down timed count with the exception of 1 data point. Now this is a small sample size but we are in a...

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MANA 1D has been forming an ascending triangle in downtrend as opposed to the more common formation during an uptrend. To form this pattern you need an initial rally where price action begins to consolidate between a flat resistance point and rising support trend line before continue on. Unlike in an uptrend, when the ascending triangle pattern develops during a...

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TVC:GOLD has completed a full retrace back to historical support around the 1670-1680 zone. This area has help support multiple times in the past making it rather significant. With this full retrace came a fantastic buying opportunity (especially for stackers) that I personally took advantage of. I do not trade paper metals but simply use the charts to time great...

jlouvierobv

After, over 500 days of a series of lower highs and lower lows, Silver has printed a text book dragonfly doji on the 1 month chart. This is a Bullish reversal candle when found at the bottom of a down trend but there are a few rules to a Dragonfly Doji: ✅ The candle closes & opens at or damn near the same price. Preferably at the exact same level, but it’s not...

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ETHUSD 4hr chart is currently forming a Bullish Pennant. This is a continuation pattern typically and is formed by an upward sloping trend line along with a downward sloping trend line. Forming Lower Highs with Higher Lows until a point of convergence or break out. Often this pattern remains valid if fully formed with in 30 trading sessions or less. To...

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Bitcoin is currently on a rally of approx 35% since putting in its most recent low. Many have been watching the multiple interpretations of the patterns on lower time frames such as wedges, flags and triangle formations with about 50% of the crowd calling for an over due rally. Currently trading at 23.9k BTC has broken above the 200 weekly MA and will look to...

jlouvierobv

Since losing market structure support in the $21.50- $22.35 area, Silver has been sliding downward to the 0.5 FIB level. After a few tests of this level (approx $20.80) price action declined down to the .618 FIB Level and with in roughly 0.30 of my 2nd target. Price action has began to form a channel now with multiple lower touch points. As long as the dollar...

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ETHUSD 12hr forming a Bearish Ascending Triangle during a down trend. This is most often a continuation pattern of the larger trend. W/ a confirmed break to the downside it provides a great swing trade opportunity. While the entire crypto market is due for a bounce, volume and sentiment remains low and fearful. Never trade w/ out a stop loss on a swing trade or...