mrjones2020

mrjones2020

It's been a WILD Ride, the past couple years, no doubt. And BTC has been wild, along with everything else going on in the world around us. So here's a look at what's happened since CV-19, and what I'm keeping my eyes on for the near-term..... A) The Cerveza Plunge. No one needs an introduction to this. Global macro liquidity event. Basically everyone...

mrjones2020 Updated 

BTC just managed to put in a nice bounce, at a key level, these are the two paths I see forward. Red Dashed = Monthly "Bull Line"....we don't want to start closing on 4hr+ TF below this level (if you're a Bull). Green Dashed = Daily "Bull Line"....This was the "key" level I mentioned above. Purple Dashed = 1hr "Bull/Bear Line"....This chart shows both, A Bull and...

mrjones2020

It's been quite a while since I've done an update, so here goes. BTC has been bleeding off, everyone knows this. Where might we find a 'bottom' is the question on everyone's mind. Using the Daily V Wave and 4hr V Wave to calculate targets, we get some good confluence around the 22-23.2k Levels. Unless BTC holds here and regains 36k, that's the area I'll be...

mrjones2020

There's been recent debate, as to whether or not BTC's rise is impulsive or corrective. This is an IMPULSIVE pitchfork. A very nice fit. The Corrective(schiff) Pitchfork has been breached by quite a margin. A pullback to one of the ascending lines would be a wonderful buying opportunity, and quite healthy for the market as a whole. Also giving alts a time to...

mrjones2020

So I decided to compare the 2017 July-December action, and the Current July-December action... Both rallys took 78 days to reach the 2.618 Ext of their OTE Long Entries. Many believe BTC cycles are lengthening, Perhaps our current cycle has another 15 days or more? Or will seasonality prevail, and will December be the Kryptonite to this current run? Let me...

mrjones2020

You'll see MANY charts out there...The Top is in...I've got a Divergence on the 4hr...On the daily....etc etc. Divergences can be handy, yes. But they tend to work best, when going WITH the Trend (as most things do)..... So the next time someone posts.... Bearish Div on the ...... Consider the Trend..... As always, good luck, have fun and practice solid...

mrjones2020

What an interesting year it's been for BTC. Lots of good news. At point A), BTC is in Lockstep with DXY...Unusual. A "Divergence" of sorts. Indicating the asset it being absorbed. At point B), BTC returns to it's "normal" , opposite type PA to the DXY (Dollar). Normal behavior. The green Verticle, the fun begins. It's March, DXY is pumping, and so is...

mrjones2020

I've made a couple posts recently regarding the more Macro side of BTC. Here is one for the past few days. At the time of writing this, BTC is up, but currently trending down (on the hourly). Can she hold out for another hour or less....I'm sure she can. Yesterday's EQ was tested today, and had a nice bounce from it (slightly front run on the level as well),...

mrjones2020

Ok. Same type of chart structure as before. On this chart, Red levels are Monthly. Orange represent Weekly. Dotted = locked in, Dashed = still forming etc...... You'll also note 3 50% levels....EQs. They are based off of 'locked in' data. So the red is Last month's EQ. Orange is Last week's EQ. Green is Yesterday's EQ. You can see the projected...

mrjones2020

I haven't done an analysis recently, perhaps time I get back into it. Here's a "Geometric" technique I like to use. This chart features Weekly Bars. The Bars are colored 1 of 4 ways. Green = Bullish (HH and HL) Yellow = Inside (LH and HL) Blue = Engulfing (HH and LL) Red = Bearish (LH and LL). The paler red lines are Quarterly lines. The deeper red lines...

mrjones2020

So anyone that knows me, as a trader, knows I'm a big fan of Bill Williams and his "Profitunity" system. Trading Chaos. Williams Fractal. Awesome osci...Alligator...All that man. One of the parts of his system is Volume/MFI analysis. MFI can be thought of as....mpg of the market. Efficiency of capital. A high MFI indicates you're getting a long of bang for...

mrjones2020

Ok, so I just posted my more Macro view of BTC and it's recent action....Now for the Degens of the space (most of you) :wink: So we've got this recent range, 8.9k - 9.6k....Along with an Indicator I wrote, essentially Equilibrium Lines of various TF's. Green = Daily EQ Blue = 4hr EQ Purple = 1hr EQ White = Current TF EQ (15min, although I use a 10min...

mrjones2020

So it's been a while since I did a BTC update. Figured I'd do one on this beautiful Father's Day Morning. Happy Father's Day to all the Dads out there. So BTC has had a good run up from 3.8k or whatever it was. Mid 10's have been Kryptonite. If you were in a Long anywhere up this Leg, I hope you've taken at least some profit, rolled stops up tight, etc. ...

mrjones2020

So we have this regression channel on BTC with a greater than 90% fit, that we've been in for a month or so now. Our recent PA had us outside this channel for an extended period of time, which also coincided with a Weekly Block in Orange. The volume on this drop, is quite similar to the drop that took us to our 3730 Macro Range Low. If Bears maintain control of...

mrjones2020

So much regarding BTC lately from both sides.... The Halvening....Hashrates....Miner costs...Deflationary rates...Safe Havens...and on and on...... No one knows....MOST CERTAINLY not anyone you're going to talk to on Twitter/TV/Discord....I don't care how many followers they have, or what size orders they use. No. One. All you can hope for in this game, is a...

mrjones2020

I just posted a novel about BTC and the past 8 months, I get that not everyone is interested in that type of analysis...so here's a LTF look at BTC. This is the last 2.5 months or so, on the 8hr, as you can see. Green levels denote Daily levels. We've got some Daily structure above us around the 10.4 - 10.6k range, no shocker there. Our rise from 3.8k has...

mrjones2020

So point "A" starts us off. A Bullish week, haven't had a clear break in MS. We close the following week under the 33% level, and SLAM... Down to "B". 20ma lost. 100ma holding as support. 3 week of consolidation between the 100ma, and the 50% level of 3.1k - 13.8k Leg up. Momentum builds, BTC Sweeps the stops of all early long'rs with that Monster Wick! ...

mrjones2020 Updated 

10.5k to sub 4k dump was brutal. An Absolute DEMON DROP. It originated from the 2nd underside touch of BTC to the 2/1 Gann Fan line from our 20k ATH (red boxes). Another notable rejection on the chart, is the ~10.4k peak in late October, again the 2/1, but originating from the Jan/Feb lows of '19. Taking our most recent Int Swing High, we're now testing the...