Crypto_Jakk

Crypto_Jakk Updated 

Support now flipped resistance, 1h EMAs bearish and holding BTC down. Highlighted box is .65/.618 fib on my chart and seems to be holding as support. No matter how much bullish fundamentals there are right now, I can't help but think we go down for a bit, maybe a retest of 40 - 42k? IDK....

Crypto_Jakk

Looking like $LINK is popping off! I don't chart much LINK but recently have been very interested in how the price has been moving. I did think it looked like the trend was weakening but it seems I was wrong.. Could be topping out for the very short term.

Crypto_Jakk Updated 

Hi guys and girls, I thought I would post a rough chart I have just done for ETH/USD. I am increasingly becoming more and more interested in Ethereum and it's use cases, though I admit, I'm a little late to the party when it comes to doing any TA lol. Here are some S/R levels I spotted that look to be relevant. To keep it short, ETH looks as if it's touching a...

Crypto_Jakk Updated 

Thought I would post a quick idea for BTC. After those previous pumps, I have swung bullish for the short term and am seeing another pennant form on the 15 min chart+. I measured it with 2 probabilities if we break up, both are the green dotted lines.

Crypto_Jakk

**Update** BTC broke out from the pennant, passed the first target (first dotted yellow line), and hopefully is going to reach the second. I am somewhat sceptical about this though so would be ready for a short retrace, maybe a retest or something like this... *Still a very small timeframe * (Just a possible scenario)

Crypto_Jakk Updated 

Just thought I would post a trade set up I had missed out on lol. Taking a retest of the .618 fib @ 10,352 with a stop @ 10,450 and profit around the current CME gap (I have 9710 to be safe) it would be a small short with a 6.55 R/R ratio. Unfortunatly I missed the entry and am only posting this now, when it's too late, but I think this would have been a great...

Crypto_Jakk

Ammm.... Good luck on this one, it's the weekly for BTC :) (Hope you can read minds)

Crypto_Jakk

Previously I had posted this chart and some ideas. Then I had no idea where BTC would be going as the dump we seen when the chart was posted was completely unexpected by myself so it was very messy. Continuing from that post, the price did break down past the second purple box quite a bit and continued to drop. We then began a recovery only to drop again. The...

Crypto_Jakk Updated 

At this point, I have no idea where the daily will be going. A few ideas in yellow arrows, but honestly have no idea. No trade zone for me. This very well could go down to fill the CME gap, just as much as it could bounce within the next day(s) back up. Only watching daily, not using LTF's to confirm or chart right now so all ideas are total speculation from my own POV.

Crypto_Jakk

Posting this to show the 21/50/100/300MA's and 30/200EMA's

Crypto_Jakk

**Update 2** Using the extension, my theory does seem to be a legitimate play. The other charts were fib retrace but from an extension POV it does look more and more likely these levels are critical for the past two days. NOTE: This is just my TA, many will disagree and some will agree. We all have our own ways of drawing and charting and I'll be the first to...

Crypto_Jakk

**A further chart I have already posted that kind of confirms the idea**

Crypto_Jakk

Just a quick update... If this is one entity buying and selling, manipulating the BTC price, it seems to be between fib levels .618 and .382 / .236 however this is just speculation and we could move down to the CME gap at 9600s if the level breaks or we could play consolidation within these levels for a while shaking out positions.. or then again, that could have...

Crypto_Jakk

In this chart with the MA's added, I used the fib extension and extended the 0 level and .236 level. Notice how the close of yesterday (01/09/2020) and also the wick bottom of today's dump candle are exactly these levels. (01/09 close @ .236 and the wick of today @ 1.0). Today's dump candle was an engulfing beaarish candle, or is so as I type. This is something we...

Crypto_Jakk

With the dotted vertical lines drawn, I had ruled out this move on September 1st after BTC continued to pump and not retest the first purple box. Today however, we had an unexpected dump down and it went through the first box but found support above the second. I think this validates the TA once more and the move to the upside is now in play. This could be...

Crypto_Jakk

Just a quick set up I am waiting on to see if it plays out. #GO/BTC - 4hr Think I will see if this retraces back to the .618 fib and have a buy in just under. Testing the waters, unknown territory for myself but I guess I may as well as I see good potential in this coin. Low cap, newly listed on a major exchange....why not lol.

Crypto_Jakk

The 21MA in red is the MA we need to get and stay above. Failing this and the break of the purple line or bounce off the first box and then a break of the line, I think we could come down and test the lower box. This would turn my bias towards the downside and if a bounce from that level failed and a break down through it occurred, I would imagine Bitcoin would...

Crypto_Jakk

Coming from the monthly close on a spinning top type candle on the daily chart for Bitcoin and also from an uptrend, if the daily retraced down I would expect a bounce off the first purple box to continue the bullish momentum and resume the uptrend. If this was the case, there are still some barriers we need to clear before we would hit my expected target of...