CTJ

CTJ

Market is finding support on the previous long term downtrend line and is reaching the more recent upwards slopping support line. Watching for reaction at the support line. Expecting a rejection here and continued bearish price action. If bulls can reclaim the parallel channel support I will revise.

CTJ

Steep selloff to end the week for crypto. Daily RSI has reached oversold for the first time in a long time. I tripled my Friday DCA buy buying into the weekness. Not as scary as it looks if BTC can hold the downtrend line as support. With RSI as low as it is I am expecting at least a shallow retracement up from these levels.

CTJ

Steep selloff to end this week in the crypto space. Daily RSI has reached oversold for the first time in a long time. Tripled my average Friday DCA amount yesterday buying into the weekness. It's not as scary as it looks if BTC can hold the downtrend support and confirm it as support. With the RSI being so beat up I am anticipating at least a shallow retracement...

CTJ

As we continue to grind to new highs negative RSI divergence continues to build. We also appwar to be printing an ending diagonal. Compkete with a thro over of the resistance line which occurred on Friday. With possible headwinds comming in from the FMOC meeting this week in the form of taper talks; we are shaping up for an interesting week.

CTJ

Looks like resistance turned support. Now we wait for follow through, stops under the green box.

CTJ

Yellow lines indicate area of previous support on BTC's prior moves down.

CTJ

Breaking the $150 mark vs. the US Dollar will have LTC breaching a channel line which hasn't been surpassed since the last bull run up to around $420. Alternatively we could find ourselves being rejected and headed back down. If we do breakout up expect high volume to confirm it. I would be thrilled to see a breakout up as I think it would further prove that we...

CTJ

Very early still. Highly speculative, let's see how it plays out.

CTJ

If we zoom in we see this pattern within the larger channel. The price seems to be forming an ascending triangle, we may break out up out of the ascending triangle formation and find ourselves testing the wider trend channel. Might be an opportunity to go short and scalp profits at the top of the channel. Will wait to confirm a bounce before selling. *Please take...

CTJ

This is the larger general channel we seem to be in

CTJ

ATH