mjtrustme

mjtrustme Updated 

I myself have been watching how this will play out. Clear room for move to downside and then suddenly bullish engulfing candle this hour. These markets never sleeps! IDC if its the weekend or the middle of the night someone is buying BTC and that was not bad volume at all compared to what we have been seeing over the past few hours. I want to say we move...

mjtrustme

Keep tracking price action. A lower move to our buy zone is still on the horizon however the rsi is getting oversold. If this consolidation drags on longer we could be going lower to test the initial entry of our last trade.

mjtrustme Updated 

We have closed out our previous trade as our rally has lost steam. With that said we are headed for a steeper correction then I had anticipated which is great for another rebound. I believe through indicators and trend analysis we will retest previous support and buyers will be waiting down there. Lets short the bounce we get out of ZRX again and again till...

mjtrustme Updated 

People keep putting ridiculous charts out and using a 1hr chart. If you want to use a 1hr chart you have to project short term moves. For instance take a look at this 1hr I have// Price action pushed down to tap the 21hr moving average (a very good short term indicator) and we saw a bounce off of that. that tells me it is still bullish short term and that bulls...

mjtrustme Updated 

Its to early in the formation to tell but it looks like our ZRX trade has lost steam on the way to 35C. Thats our secondary. If we could recover at 31c our first target will still be reached. Keep holding if touches 31c sell. If you see a bounce on 31c lets hold and wait for further confirmation to add in that position. Lets not get tied up in emotions or FOMO...

mjtrustme Updated 

So far the boundaries on this pennant have been respected and it seems that ZRX is setting up for a move to the upside. Wait till pennant has been broken out of and the RSI/MACD provide positive divergence. TRG1: 31c TRG2: 35c

mjtrustme

This crash should continue for a while longer however I believe Bulls have set up this crash intentionally. Once RSI double bottoms, we will see a movement towards 8k by the beginning of 2019. Go long if you have the balls.

mjtrustme

As I posted the other day, on the 1hr and 4hr charts you can see significant amount of bullish divergence on the RSI signifying a PERM bottom. RSI Divergence: 3 lower lows on candles, 3 higher lows on RSI. This is an indication that there is a BOTTOM. This does not necessarily mean that there will be a rally but rather the lower 3k range we were at is the...

mjtrustme Updated 

Bullish RSI Divergence Possible MACD cross All points to higher levels. If consolidation proves strong we will see an upside shot to the 5k range.

mjtrustme

See chart. Bullish till unrealized rally.

mjtrustme

We see on the bitcoin daily three failed rallies! This is a code red and the bears have won the war! Bitcoin will continue down to 3k or even lower at this point. There is a huge bear flag posted on the daily and this is not a healthy sign especially since bitcoin has failed three continued efforts to break back out. I really hope I am wrong but I dont think I...

mjtrustme

bitcoin is officially breaking out in impulse on teh 1hr chart, 4hr chart and daily chart to follow. Target: 100k BTC end of 2018

mjtrustme

bitcoin has officially became bearish. Losses have not been estimated but we can see that bitcoin has failed a rally for the 3rd time, we may now go to test lower levels of 4k. All aboard the HODL train...or short it :) If bitcoin breaks teh 50% Fib we will go test the golden retracement leve.

mjtrustme

Welcome to the bitcoin master chart, In this chart we explore the entirety of bitcoins parabolic run-up to 20k, all the way to the 70% correction. As I was making this master chart seeing higher lows and higher lows as we started to see a trinagular squeeze, I couldn't help but identify the Adam and Eve double bottom with a double top wedged right in between....

mjtrustme

I have said time and time again that bitcoins 1hr chart is showing us where bitcoin will be going in the short term. The main indicators I use to determine bitcoins path is both the 50EMA and the 200SMA. We can see over the past few days sellers have been taking control of the market testing the support of bitcoin and formed a slanted head and shoulders. The...

mjtrustme

bitcoin is looking strong short term. There are whales in the market buying up all stops and limits on shorts they are wiping shorts clean The message either you are in it for the long run or no run. Don't play with the whales bitcoin, they have had enough. next target is to test the previous correction zone. Hunker down till 2020! You will be blessed.

mjtrustme

bitcoin whales are afoot in the bitcoin market that is why I never advise shorting bitcoin but rather defensive trading. Whales want bitcoin up and are stop hunting a long the way and limit hunting along the way finding large amounts of shorts and filling those from top to bottom to continue its uptick. Buyers are waiting at the bottom as well as finding...

mjtrustme

bitcoin has found support on the 200SMA as I have pointed out previously many, many times. Now that we have found support here and a nice bounce we are consolidating right over head our MA and forming a nice bull flag that is starting to break out. SHORT TERM: The purple line indicates the most likely path from here. The orange line indicates the path back...