jpbrown1023

jpbrown1023

ETHUSD looks very bearish in my opinion. Strong bearish divergence on the MACD. Any substantial time ETH has stayed under the MACD zeroline has lead to very bearish price action. This price recovery is currently hitting very strong resistance area. With the Israel/Iran war looming, and the deflationary crash risks with oil dumping, I'm getting very defensive...

jpbrown1023

Looking at the weekly chart for BTC, I'm seeing similar price action from when we double topped in 2021. We hit the top of the channel, corrected, and then had a slightly higher high before going down hard. Again we hit the top of the channel, had a strong correction, only to hit it again for a slightly higher high. But the signs of market weakness are showing in...

jpbrown1023

Total Crypto Market Cap excluding Bitcoin. Alts may be ready to explode!

jpbrown1023

I love this setup here for a long entry. Massive volume is coming into APE, which with the launch of Apechain has a huge amount of potential. If you haven't checked out their site www.apechain.com you will see what I'm talking about.

jpbrown1023 Updated 

Keep an eye on MINA. It's at a great discount. Down almost 20% from $0.90 since yesterday, and overall down 58% since its most recent high at $1.72. Having hit the .786 Fib retracement level and showing some nice divergence on the MACD, MINA is looking might fine right now. Long-term entry here.

jpbrown1023

ENJUSD broke out of a 2.5 year pennant after hitting strong support and is continuing up. I love this long here.

jpbrown1023

Bitstamp has one of the longest weekly charts out there which really helps with this analysis. Going back to 2013, we can see that BTC maintained its price action within the ascending green channel. However in 2023 Bitcoin not only broke down out of that channel, but it had the first weekly Death Cross in its history! Even after this run to $38k, Bitcoin's 50MA...

jpbrown1023 Updated 

DOGE has a beautiful weekly chart that is breaking out of a 2.5 year pennant. I love the risk reward here. I'm long.

jpbrown1023

There is a lot of hype in the market right now as BTC touches $38k for the first time since April 2022. But if we zoom out on the monthly chart, there is an obvious bearish breakdown of the ascending channel we held since April of 2013. I find it hard to believe there will not be further pain to the downside as the price runs into the channel bottom (which is now...

jpbrown1023 Updated 

I know the sentiment of late has been very bullish on crypto especially with the Blackrock ETF on the horizon. They just resubmitted their ETF application to the SEC for review today and approval of this would very likely cause a crypto boom. However, the Total Crypto Market Cap is showing signs of weakness which is causing me to reassess our current situation....

jpbrown1023

My forecast for the DXY on the weekly. It's not good. Moving to precious metals and crypto for long term holds.

jpbrown1023 Updated 

After looking at the 4H BTCUSDT chart on Binance, I couldn't help but ask myself "where did all the volume go?" BTC is hitting a really significant resistance level after gaining 50% in a month. Given the lack of volume in April and the moderately higher high in price below that key resistance level, I think this may be distribution here and we could be in line to...

jpbrown1023 Updated 

Bitcoin had a massive rebound (almost 50%) following the failures of Silvergate, Signature, and Silicon Valley Bank. It's hard to believe given the lack of financial stability of some banks and the uncertainty in the markets that BTC would have such a big jump within a week, but technically speaking this move is very bullish. Considering this, I could see BTC...

jpbrown1023

MINAUSD nearly touched the .785 Fib retracement level after hitting a high of $1.23 in February. With the price at a 50% discount and bouncing off support, I'm going to load up here. This is a great project that I'm a big fan of.

jpbrown1023 Updated 

I'm watching the DXY carefully. It is long overdue for bounce since peaking in September. With the DXY threatening to spike and Bitcoin jumping 66% from the $15k lows to a key resistance level at $25k, it wouldn't surprise me to watch the DXY to run for a bit while Bitcoin retraces. Naturally it makes sense if the dollar index becomes stronger that every thing...

jpbrown1023

Looking at the tea leaves, it appears the price action is repeating the same pattern it did prior to the previous bull run. If we repeat the next bull run with the same growth, MATIC is poised to hit $100. Could history repeat itself? We'll see!

jpbrown1023

Taking a look at Bitcoin's price history, I noticed a repeating 9-step pattern that the current price action has been following since it peaked in 2017. The key points to take away from this is that the final point 9 ends around the height of the previous bull run (point 1). If BTC maintains a rate of growth decay (-5.5x its previous run) for its next bull run,...

jpbrown1023

Oh yeah! You're seeing that chart right. This looks like a great long entry to me, bouncing off two strong support levels and breaking out of a long-term trend. I'm long, really really long!