jalapablo

jalapablo

Comparing the aftermath of price action when Gold's ETF was first introduced in November of 2004 with today's Bitcoin -- otherwise known as Digital Gold -- and where we presently sit as we await the SEC's ruling. Will we go up or down? The million-dollar question -- literally. #btc #gold #crypto Not financial advice (but you already knew that, right?)

jalapablo

Here is the current PA of BTC on both the 15-minute and 2-day, side by side, displaying both the micro and macro of the same structure simultaneously. Via specific resizing, the fractal format of the market allows us to see mirror images of what is unfolding no matter how deeply we go in either direction. As above, so below; but also (and more importantly) as...

jalapablo Updated 

We have a potential Wyckoff distribution schematic playing out for BTC as it sits overbought atop a rising wedge countertrend. The volume spread analysis (VSA) seems to confirm this as overall supply has increased throughout the latter half of the range leading up to the UTAD. Whether or not we have arrived at the first of several LPSYs remains to be seen, but I...

jalapablo

Horns of the Devil emerged at the top of the rising wedge, at the 5-point in a Wolfe Wave pattern. This sign typically appears at the top of macro countertrends and signifies a potential liquidity grab as Market Makers sell the peak to rebuy at lower levels to double-bottom out and establish deep positions in preparation for macro bull reversals. In this case,...

jalapablo

A quick glance at BTC and DXY, eyeballing price action versus volume metrics (VSA). Traditionally, when one goes up, the other goes down. The dollar index looks to be trending strongly in an ascending channel. It passed the trend support retest, rising up through oversold territory back to channel midpoint. This indicates strength. Bitcoin, on the other hand, has...

jalapablo

BTC is not doing too well beneath the RW. Demand is low, supply predominates, and the PA seems to be seeking to mitigate the prior low of the secondary test in phase b. And this is all happening as the DXY continues to rally. I'm expecting at some point a retest of the low, at least to TR support. A deep shakeout can take us even lower before we see any macro...

jalapablo Updated 

NMR just had an insider demand pump. 1.618% retracement is expected, since this seems to be the pattern with this particular asset. I don't buy pumps; but I would definitely sell the dump in this case. In terms of shorts, it's easy money -- about 30%. Keep it on the forensic TF (15-30 min) just in case. Be sure to LIKE and SUBSCRIBE if charts like these are...

jalapablo

Cardano is on a downward trajectory. If it keeps up the pace, I expect to see the 1.272 Fib level re-mitigated soon. Under this level would be prime bargain-basement level prices to begin a DCA campaign. Or short. Whatever floats your boat. Possible liquidity grab into overbought territory north of the channel trend before the markdown and retest of the lows....

jalapablo

Zcash (ZEC), like many other alts, is in a narrow downtrend. Volume Metrics show repeated failures to rally from trend resistance is due to low demand at these important junctures. It is obvious smart money is selling into these upthrusts; dumb money buys the top and then back into the wedge they go. Falling wedges fundamentally are bullish. But these bullish...

jalapablo

Dogecoin didn't have much of a recovery after the latest sell-off. The automatic rally (AR) was unconvincing, on very low demand, and subsequent upthrust actions have resulted in failures to rally (FtR) with huge effort in volume not equaling any sizable result in the price action. This, plus the rising wedge-like structure of the candles and overall supply...

jalapablo

Look for some good prices for FIL in the upcoming days/weeks as the price trends in this downward channel. Be on the watch for a liquidity grab along upper trend resistance before another sell off. Or we may just have a direct sell off back down to the 1.618 Fibonacci retracement level. This will be a good area to scoop up some bargain basement cheap Filecoin....

jalapablo

LTC has broken out of the rising wedge due to supply predominance bringing the PA back down to range resistance where demand is still low. This hints at a possible retest of range support when often times the selling climax (SCLX) point is mitigated before any reattempts at taking range resistance again. It is also possible to see some consolidation here. My...

jalapablo

XLM has topped out well above the broadening wedge and is distributing back into the structure. A retest of trend resistance failed and it looks like more downward action will play out. Look for short term PA to hit somewhere between the 1.414 and 1.618 Fib retracement zones for either short sales or the resumption of a DCA campaign.

jalapablo

HBAR is trending within a rising expanding wedge. This is in itself a bearish pattern. Add in a failed demand test at trend support and we have a double confirmation of more blood to come. In the event of a sell off I've provided a sell zone that coincides with the mitigation point of the SCLX (range selling climax). Normally in distributions/redistributions the...

jalapablo

XRP is looking to redistribute once again. Multiple demand tests at micro resistance have resulted in failures to rally while supply continues to build and predominate intra-range. Possible re mitigation of the selling climax may bring the price back down between .48 to .46 and perhaps even lower. But not before a potential bull trap (UTAD) to gather liquidity as...

jalapablo

TRON is another token targeted by the SEC and in danger of a deep sell-off in the months ahead. Allegations of TRX wash trading have also been brought forth. In the event of a bleed out, these are the Fibonacci retracement DCA points I'll be observing to start scooping it up incrementally. Volume metrics presuppose redistribution, and evidence of smart money...

jalapablo

I was looking at BTC today on the macro logarithmic weekly and noticing the trend, how it conspicuously resembled a rising wedge. It reminded me of where we currently are on the micro daily, wondering if another leg will be put up before the wedge breaks. Nobody knows for sure. One thing is true on both charts: demand volume is reducing in divergence with the...

jalapablo Updated 

BTC has a potential Wyckoff schematic distribution (#1) playing out on a smaller 45-minute fractal. Volume metrics support the impending markdown with increased selling power (supply) throughout the general duration of the range. This makes sense. On higher time-frames -- daily and above -- we are clearly topping off within an ascending wedge. BTC however is...