mrjones2020

mrjones2020

Ok, you got me, $8470. In my previous post, Bull-still-not-giving-up/ , I set my sites on 8.5, which corresponded to the 8/1 Gann Fan coming down from 14k. A "Last Stand Level" for Bears, if you will. We tapped it (near), and got rejected (as anticipated). I hope you guys took some profit at/near these levels. No one ever went broke taking a profit! A) ...

mrjones2020

Make no mistake, we're still in a multi-month Bearish correction...But it feels good to be Bullish, and making $$ on that side of the trade. And so far, Bulls are looking pretty good, even if they didn't give me the 7080 fill I was after :( A) Is our current structure bottom. We've seen this slow n steady Bullish grind coming out of 6.4k, playing this Gann...

mrjones2020

I've been a Bear's Bear, calling for 5.4k when price was over 12k, and even I, after that 6.4k reaction took notice. In my previous Idea, I called for 7.2k to be an important area, and it was. I planned to close my Longs from the mid 6's, and I did. A) was my post regarding 7.2k, and how I'd close my Longs if we had a significant 4hr close below 7.2k. We...

mrjones2020

The answer of course is, I don't know, and neither do you. It's all about probabilities in the end, and proper risk management. Personal psychology. That boring, hard stuff. Let's be real, TA is the easy part. The fun part. The glorious part. So here we are... A) Just over a year ago, we found ourselves here. New Lows formed. People calling for 1.2-1.8k. ...

mrjones2020

A) So BTC pushed into last week's open (upper orange line) and has now retraced. I hope you used that structure and long wick as an opportunity to take a little profit if you were long?! B) We're now at the 50% retracement of that recent leg up. Possibly a good spot to load up? I'll be waiting for confirmation before adding to longs, for what I perceive to be...

mrjones2020

So far things are looking ok for the Bulls, and their backlash since 6.4k. A) Was our initial push out of that 6.4k touch. Breaking structure, giving our first indication the downtrend may be reversing. B) Gave us a near perfect 50% retracement.....A slow ball over the middle of the plate. Engulfing Bullish candle and all at the bottom to kick us back off to...

mrjones2020

Macro/Mid Term is still Bearish, yadda yadda.....I've said it every post, we broke above 7250 as I anticipated, and Bulls were unable to hold it, as I also mentioned to look out for. A) Our recent drop created a couple "inefficiencies" in price. I'm targeting those for the short term. B) We cleared previous micro highs (pink box) and began correcting. We're...

mrjones2020

Clearly BTC Core is in a Macro-to-Mid term Downtrend. Whether 6.4k is our pivot out of that fall or not, remains to be seen. Make no mistake, I'd view this as a Counter-Trend Trade, and as such would make sure position sizing was smaller than normal, to minimize risk accordingly. That being said, Core seems to be forming a possible entry point, in my...

mrjones2020

IF....and I stress IF....the Bulls are to stay viable, and not find LL's....They need to follow this White Arrow path, IMO. IF, they can manage to stay up here, and get a little momentum moving in, they can push up Edge to Edge on that Cloud, at least testing that 8.2-8.5k area. IF, they managed to hold that, better yet, break ABOVE it, well we could have...

mrjones2020

Excited by the reaction off of that 6.4k touch, much of the crypto community has grown horns, and become bullish again. I understand it. I even hope(d) it was a nice strong reversal beginning. The Weekly tells a much more grim story. A) Chikou has been rejected by the cloud. B) Chikou has now traveled below price, as well as below T&K C) In late Oct we...

mrjones2020

This recent PA has everyone (most) puzzled as all hell. We finally have volatility coming back people! Enjoy! The way I see it....Test the lows(near lows again, 6.4-6.5k) with another Super bullish response....and let's rip through 7.8k....low 8's....and let's give 9k a scare...then we can talk. I see us testing upper 7's low 8's before a break of our current...

mrjones2020

It's been a horribly bloody, brutal 5-6 months for anyone with an ounce of Bull in their hearts. Recent PA has been no exception. Our recent consolidation in the Demand Zone created after breaking the 6k MS from the underside, has featured a sneaky little Deviation (little yellow box, red dashed line), which could be a sign someone with deep pockets has some...

mrjones2020

Today's Candle looking good so far. On Macro, I have us currently in a Monthly "Inside" candle.....with a 3 week old Unresolved Engulfing, on the Weekly. Levels indicated here. Ultimately, we've been bleeding a long time, and it's ambitious to think the bleeding stops here....but IF IT DOES....7280, 7640-7800.....8.4-8.5........Re-take 9.6 and I'll even open a...

mrjones2020

Bulls have gained some short term levels. I've listed the (imo) likely Bullish Pump incoming, along with the levels I anticipate we see Tug of War style fights around. Short Term Bullish, Macro still quite Bearish. if you're taking the Bull side of a trade in this current market, practice proper risk mgmt...and probably want to reduce typical trade size.

mrjones2020

Bulls have stepped it up the past few days, but in the grand scheme of things, we're still in a largely Bearish Environment. In the ShortTerm, Bulls need to regain 8k, and even doing that doesn't put an end to this Bloodshed. But it certainly would go a long way to ignite those on the fence currently. Bears want to see this thing below 7.3k as soon as possible....

mrjones2020

This isn't the reaction to 7620 I'd be hoping for, if I were a Bull. They had an opportunity there to really blast this thing up, and they didn't capitalize on it. Lower prices to come, IMO.

mrjones2020

So, full disclosure, ADA is one of my favorite Alt Coin projects. This thing has been in accumulation for over 100 days now. When this thing pops....going 2x is going to likely be TP1....This thing has a bright future.

mrjones2020

It's been looking rather anemic since $14k. Definitely a "Sell the Rip" environment. That Green Line on my chart, needs to be regained by the Bulls, to remind us this thing still has a pulse. Even if it achieves that, it's still a HELL of a way to a HH, we're talking $2k pump needed, AFTER regaining $7620. I've always been a cynic, I continue to favor the...