johninvest17

johninvest17

New view on Bitcoin. Bitcoin key level to watch - 3,400,000 Yen. If Bitcoin can close below this trendline, I believe we will finally have Capitulation. (Below $30k USD) “Capitulation" refers to the point in a market downturn when investors give up on recapturing lost gains and sell rather than hold a given asset.

johninvest17

Bitcoin vs TLT ... I have no idea what happened between 31st of March to 13th of April 2021... I'm still on break but I saw this chart and thought it was very interesting and must share it with you.

johninvest17

Bitcoin vs TLT ... I have no idea what happened between 31st of March to 13th of April 2021...

johninvest17 Updated 

Update on Bitcoin, Bitcoin needs to close above 49k for 1 to 2 weeks to confirm Bitcoin is bullish again. In the meantime, I believe Bitcoin will trade ways, have a dead cat bounce and trade between the green and red zone, and in a few weeks capitulation below $30k to confirm a bottom. The weekly RSI is still trending down... For me, now is a good time to...

johninvest17

The last time we had a Bitcoin death cross on the 12 hour chart was on 16 March 2020, BTC made a low of 4435. In hindsight, this has provided a great buying opportunity from a risk to reward strategy. Could history repeated itself? Definition of a "death cross". The death cross is a technical chart pattern indicating the potential for a major sell-off. The...

johninvest17

Has Gold bottomed? We will know in a couple of weeks for sure. Currently, I do believe we have a bottom and we are seeing the start of a new uptrend just like Silver. However, If we go below $1677, I do believe we will see more downside.

johninvest17

Has Silver bottomed? We will know in a couple of weeks for sure. Currently, I do believe we have a bottom and we are seeing the start of a new uptrend like Gold. However, If we go below $23.77, I do believe we will see more downside.

johninvest17

Added another cryptocurrency to my long-term portfolio. SNX is a cryptocurrency that powers the Synthetix protocol. Synthetix protocol enables trading synthetic assets on Ethereum. Synths are tokens that provide exposure to assets such as gold, Bitcoin, U.S. Dollars, TESLA, and AAPL within the Ethereum blockchain. RSI and MACD are showing signs that bulls are...

johninvest17

Currently, I'm holding $CRSP and have added more today on this 200 moving average support and wedge breakout.

johninvest17 Updated 

Bitcoin needs to go above the 21 moving average today or in the next few days for us to go as high as 70k in the short term. If not, Bitcoin would be more likely we go back to 40-42k.

johninvest17

The trend is your friend, I am still bullish in this market, however, we must hold the 50 moving average on the 3 Day chart "yellow line", currently sitting at 6400. We have not closed below this level and 50 moving average for months....

johninvest17

This is a Russia ETF. More info here www.vaneck.com The chart pattern is showing a "cup n handle", go long if we can breakout of this resistance $26.42 More on cup n handle pattern. www.investopedia.com

johninvest17

The chart pattern is showing a "cup n handle" or inverse head and shoulders as well, go long if we can breakout of this resistance $83.80 More on cup n handle pattern. www.investopedia.com

johninvest17

The chart pattern is showing a "cup n handle", go long if we can breakout of this resistance $5.86 More on cup n handle pattern. www.investopedia.com

johninvest17

The chart pattern is showing a "cup n handle", go long if we can breakout of this resistance $21.53 More on cup n handle pattern. www.investopedia.com

johninvest17

What a close for Australia ASX200, closed below 20 MA and 50 MA. If we gap down and not close above 6586 early next week then support will turn to resistance. This would indicate a pullback or correction is very likely...

johninvest17

On the 3 day chart, we can see a TD 9. Time to close a few positions for risk management just in case the trendline support fails and we have a pullback or correction. Time to watch the DXY and VIX to see how likely this would happen.

johninvest17

Time to watch US Dollar Currency Index and Bitcoin. Both DXY and BTC are trading sideways since 21st Jan 2021. I have closed some of my trading positions. I am waiting for confirmation to see which direction the DXY is heading. If DXY goes up, BTC is likely to go down further continuing the downtrend. If DXY breaks down, BTC is likely to reverse and...