SeanBronato

SeanBronato

Happy trading friends. Risk reward starting to switch on this pair, JCB is known as the widow maker for a reason. If you like to fight central banks, you may be able to eek out 150.8 - 152.6 but that's questionable and don't blink before closing out your dollar long. Reward side weighing against dollar with some eventual regression towards the mean. Targeting 128 - 130

SeanBronato

Who else made a bunch of free money from this? Probably not many, expect the green line to continue. Pull back into more buying and still higher before another sell off perhaps in December

SeanBronato

Green route likely - Update from previous post. Lower band support looks ok here. Don't expect the 2020 VOL to come back in the same strength and duration. 50% green path likely, 30% yellow and 20% red path forward.

SeanBronato

Nothing to write, the price was wedging and broke lower, no surprise. Hopefully it corrects more now and we can kill some of the excesses in price and washout the speculation now and not later from higher cliffs. Likely Mid to high 4200's, a bit less likely is close to 4000 and even less likely but still possible and my favorite scenario is 3700 - 3900. Before...

SeanBronato

Bearish divergences appearing on 2 and 3 day charts, looking for a short to medium term pull back toward $107

SeanBronato

Nothing fancy, sometimes you get beautiful charts on interesting tangible technology. I believe a third parabolic move should take the coin above $300 this year.

SeanBronato

A lot lining up speaking to a short to mid term recovery in BTC and possibly what could feed into a 2013 style double pump rally. MACD histogram crossed over and trending higher for first time since bearish move under. RSI and Stochastic both calling BS on BTC's price trend lower. Sentiment turning bearish and Saylor still has plenty of fire power. Call bullshit...

SeanBronato Updated 

Both green and yellow squiggly lines possible routes for price moving into April. Squiggly lines were free handed and only the start of them are likely close to accurate the continuations are rough but likely to be quasi accurate. Needless to say the next crack at 60k really needs to be the break through or else we may lose sentiment. A break thru is still more...

SeanBronato

A lot of mad traders on TV today who for some reason didn’t scoop the 42,000/43,000 zone. BTC is most likely to sloppily follow the blue GANN trend line higher for now. A drop from 58 to 42/43 was a healthy correction chunk. Stop loss under 49,000 which would only invite another discount. In that scenario I would expect big buyers to step in again around the...

SeanBronato

I'm illustrating this just to mostly illustrate a point about use of volume in price analysis. Bitcoin right now seems to be a battle of small groups or single people perhaps even who are both trying hard to influence market here. Perhaps a semi-larger group (maybe miners again or exchanges) are trying to support price. One large seller or a small group seems to...

SeanBronato

ETH bounced today while bitcoin is at some decently strong support. Using bitfinex pricing $117ish should be extremely relevant for ETH today and a failure to hold above in the short term should trigger a slide back down lower toward the low $100’s. The bounce earlier looks suspect.

SeanBronato

I recently started studying the Slingshot system by chrismoody and find it super relevant so far. In the chart above we have an aggressive sell setup coupled with a bump into some simple MA resistance. On top of that this lovely opportunity comes after a somewhat exhaustible run up since first week of November 2019 making a small correction all the more feasible....

SeanBronato

My theory which I'll set out to prove valuable or inconclusive: First sign of a cross over of PVI/NVI from positive to negative or vice versa to the tune of 5 units or greater gives a strong buy/sell signal. Currently testing hour chart but will update other time frames as I go.