jonathonsnell23

jonathonsnell23

Quick Analysis, right now Bitcoin must hold 9950 if not we will go to fill the gap near 9600-9650. You will see the red squiggly line to represent empty space with no major areas of support from price accumulation. We are looking bullish on the MACD 1HR/4hr with Market Liberator B showing a trigger wave forming which is bullish. Right now im bullish until 9950...

jonathonsnell23

Good Afternoon Everyone, here is a quick analysis as I'll link my post from last night in here as well. Bitcoin tanked as we all know and last night i mentioned we wouldn't tank 15-20% in a single day to expect a rally to at least 10,400 before making next move when we where around 10,150-10,200. Well 12 hours later and here we are above 10,400 so whats next? For...

jonathonsnell23

When we have giant/decent dips fear comes over this market very quickly. People are already calling for 6k and its been 1 day and if history is right this could be a good time to Dollar Cost Average into a position. If we keep dipping to $9600-$9800 you can slowly build a position for the eventual relief rally. Right now im expecting a bounce above 10,400 before...

jonathonsnell23

Hello Everyone here is a quick summary on what I'm thinking happens next. As much as I want Bitcoin to finally break $12,000 we will need to take a rain check in the short term. Bitcoin on the 4HR has ST Support around $11,250 and major support at $10,800 and $10,500. I am not at this point joining the crowd that is calling for the Gap Fill at $9,600 but the...

jonathonsnell23

Take one look at this chart and ask yourself is shorting the purple line the EMA 100 on the 4hr a good idea? Generally not a good idea to short at support zones so if you missed shorting above 12k then I would hold off shorting until we break below 11,500 which could bring us to 10,800.For me opening Long is the best strategy now with stop losses just below the...

jonathonsnell23 Updated 

Our Friend Bart Simpson came to visit us this morning so what does that mean moving forward? For me the longer we remain under 12k the more bearish this scenario gets. We need to close todays daily candle above 12,000 if not i fear we could hang in this 11,700-11,950 area for awhile as we can easily make the move to backtest $11,200-$11,300 again if bulls drop the...

jonathonsnell23

Not spending too much time and getting too technical as volatility has arrived but in short we are in a bullish pattern and our prior resistance im predicting will be tested to see if we flipped it as support now. So depending on the exchange you are using im expecting a test of $12,150-$12,250 area. I have current bids spread out between this area as my 1st...

jonathonsnell23 Updated 

This really isn't a analysis but something more of to keep in the back of your mind as too be honest I'm torn on what the next direction will be as Ethereum is included in this idea as they both look the same. Look at the marker pointers that i have plotted on the MACD that when daily crosses occur on the MACD we usually have atleast a 10% or larger correction...

jonathonsnell23

Most of my analysis is on the chart but I have a minimum bullish target of $315! We have strong support around $270-$275 and I will remain bullish until that breaks. Showing lower levels of bearish momentum on the MACD and Market liberator B while throwing a green dot buy signal. On market liberator our blue wave is showing a bullish trigger wave with a green dot...

jonathonsnell23

Quick Analysis before I get a few hours of sleep. The 4 Hour on ETH is too me screaming that positive price action is about to occur and should really start gaining momentum after we break and sustain time with coin accumulation above $400. Check out the MACD Showing lower levels of bearish momentum and we are about to get a bullish cross. So For me with ETH as...

jonathonsnell23

Most of my Analysis is on the chart but to some it up i think we go up to the .618 FIB around $550 but for that to happen we must break through the few areas of resistance from $400 to $425 as depending on Bitcoin price action this area could be a likely spot ETH could reverse and make a lower high similar to what Bitcoin just did a few days ago. On the downside...

jonathonsnell23 Updated 

Bulls look to be close to starting some positive momentum on the 4HR Macd but curious to see if/when that happens if we follow the trend of getting rejected on our downward resistance line I have drawn out on the MACD. Bitcoin really needs to break $12,130 as we can really starting gaining bullish momentum then but till then I expect Coin...

jonathonsnell23

Hello and Good Afternoon! Most of my analysis is on the chart but Bitcoin has technical support around $11,200-$11,180 also with the EMA 100 on the 4 Hour. I'm curious to see if our ST old support around $11,500/600 will become new resistance but as of now our next major resistance is around $11,950-$12,000 where we failed to break last night. If we break below...

jonathonsnell23

Hello Everyone and Good Afternoon To You! Last night the bulls caught some momentum but failed to break our prior high around $12,130. We have had a very bullish trend since the Covid Flash Crash and I believe the trend should continue. I have 2 zones of interest with the first being a support zone around $11,500 and our local resistance at $12,130. I have most of...

jonathonsnell23

I have closed my swing longs from $11,750 at $12,040 and before starting another long swing position I'm awaiting a 1 HR Close above $12,130 where I have a minimum bull target of $12,600 but IMO $14,000 could eventually be in the cards. I'm bullish in this current ST Trend until $11,500 breaks and even then I'm not expecting a correction below the $10,500-$10,600...

jonathonsnell23

You can see we created a 3rd lower high on the MACD and also made a lower high in price so this dip was to be expected. Should have decent support around 11,150-11,250 but if we fall below these levels I'm expecting a test of the 10,600-10,800 support area that is pretty strong more so around 10,600. So if you missed the dip to short id be waiting to see how ST...

jonathonsnell23

Good Morning/Afternoon and hope you all are having a great weekend. Most of my analysis is on the chart as I show how i setup my indicators and what im expecting to occur with Bitcoin in the coming weeks/months as we are using a long time frame chart. We need to avoid getting rejected below $10,500 and creating another lower high. This has me abit worried on the...

jonathonsnell23

Good Afternoon Everyone and hope you are doing well! My Price Target will be initiated once major resistances are broken which I have outlined on the chart. Our next test for bulls will be when/if we can test $290 and break/hold above it with a daily close. Keep in mind the RSI is hot and most indicators are pointing to ETH being overbought currently. We could...