EncryptShawn

EncryptShawn

I just wrote a bearish capture outlining what happens if we stay in the descending channel we had been bound to since we broke out of our 7 week ascending channel that started at the beginning of the year. Well not more than an hour or two later that channel was broken, BTC broke up and then came back down and appears to have converted the top of that channel into...

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If we retain our current descending channel then that answer is yes! The good news is that if it does maintain course, there is absolute hard support at $7800. We should be a little cautious and observant if we bounce off of $8200/$8300 support as it could lead us to a nasty head and shoulders that could break the 5+ year ascending trendline in the not too...

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Quick message to say keep a tight stop loss... Things were looking great until recently. Today we saw ETH 7 week ascending channel break and currently looks like it has converted the bottom of channel into resistance now. Whats worse is that BTC broke down out of its channel several days ago and appears to be forming a descending channel now. One thing we can...

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I posted about AGNC at the beginning of January when AGNC was around $17.50, I called for $20 no later than June. What a pleasant surprise that AGNC has continued to stay on fire! Now one might ask how did I turn this little, fairly slow moving stock into 480% gains in just 6 weeks? I mean this sounds like crypto gains, not stock market gains! This is a...

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Ethereum to $365 early March if we maintain our current ascending channel (6 weeks strong). Both of the previous bull runs maintained their channel until they reversed to complete their wave. The first ETH run end of 2017 went from $300 to its ATH of $1400 over the period of 3 months in 3 distinct runs (That’s an average of almost $100 a week!) The second run...

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This screen captures all 3 runs, our first miracle run to $20k, the run last summer to $14k and this run now. All 3 runs had their own ascending channel. Notice with each run, the return descending channel is more narrow, this is as a result of a larger number of smaller runs versus just a fewer major runs in the past. 2017 run lasted 9 months and had 4...

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I don't normally do shorter charts, I prefer mid-longer term trading when charting but this was of value to me at the moment with my current strategy so sharing. We have broke through so many resistances with out much sweat, its no surprise to eventually exhaust the run with a need to take a breather. Here we met a long term diagonal resistance which we tried to...

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BCH Resist @ $500, $640, $1300, $1650, $2950, ATH BitcoinCash has been suppressed underneath a two year descending trendline. A major crash in late 2018 drove BCH to super lows ($74) where it has established a new long term ascending trendline, BCH has been bull for 14 months now. It became even more bullish 7.Jan.2020 when it broke above the two year descending...

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ETH Resist @ $240,$275,$300,*$365,$475, $750,$1130,$1400 Ethereum has been on the down and out for two years thanks to a persistent descending trend line of resistance. It would appear as though 14.Jan.2020 we had a break of channel that came back a week later to perfectly test top of channel as support before blasting off! We see a series of locations that will...

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I started buying BNB when it was around $2.50 but had sold all my holdings last year to pay for software development. I recently started buying back in as BNB broke out of a 7 month descending pattern at the beginning of February. But it was more than just breaking out of a 7 month descending pattern that is worth noticing. BNB had also crashed through the 2...

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XLM has been a falling knife for two years with no sign of a bottom. XLM has been stuck under a descending trend line that it last tried to penetrate unsuccessfully last June during our bull run. XLM was one of the few that saw an additional rally in Nov 2019 and then saw its low .04 in the middle of December around the exact same time that BTC put its low in....

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I posted a prediction for link in early January. I Called for Link to run from $1.70 to $3.30 by around the end of January for nearly 100% gain! My prediction came to fruition today, 100% gains, not too shabby. Now here we are, top of the 7 month ascending channel, what next? If you are just trading LINK, I would consider this a safe exit point for maximum...

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As last post suggested we broke down off the top of the now 4day descending channel with double resistance strong arming an already weakening price trend. With the current downward trajectory there will be chance for some support to bounce BTC back up starting @ $9140 in an attempt to re-engage resistance. I wont pretend I didnt see that insane $400+ price swing,...

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We have formed a 3 day descending channel on BTC now but with a light descent. We are at a critical moment here top of channel and also meeting fairly strong horizontal resistance at the same time. Its more likely to drop than break up here but it could break up, if it does, it should be magnificent. On a fall you can see potential for $9180 support but more...

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Ethereum has had a 2 year+ descending trend line of resistance which formed into a descending channel after June 2019 highs. The 6-7 month descending channel of sadness. But recently, along side BTC, Ethereum broke out of its channel and unlike the previous break which came back down into channel, this time we came back and confirmed top of channel as support....

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My Position: Last TA I published on the S&P we had just announced a phase 1 trade deal had been reached with China. It was great timing as we need a push to get us out of the bottom sub channel we have been stuck in as we were reaching that resistance again for a 3rd time over the last year. I entered the market using slightly out of the money call options for a...

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As mentioned in the last post, we saw the fall back after trying to defend $8460 but we didnt hit $7950 and we might not. We saw a little support from what may be an upper channel support riding about $1000 above the 5 year ascending trend line. At this point there appears to be one of two more probable medium term options for BTC. #1 This upper channel holds...

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Quick update BTC range traded as previously outlined. It stayed within a sub channel and kept testing and piercing bottom of channel support. It has down broken down below the support line again for the 5th time in the last 3 days and this time it has stayed below the line the longest and is still there while writing this. There is a below channel bounce back...