JJMa

JJMa Updated 

Not going all in, but in fairly deep now. May add to this position as we go down further. Just looking at the chart, not using "indicators other than RSI" problem is that BTC.D (dominance) is tracking higher, and will probably go higher rather than lower in the near term. Not looking to double my satoshis or anything crazy, but 10-20% gain, 1st target 0.004500...

JJMa

Should have taken profit at 46K +, but accidentally set stop 1 big figure lower... Possible Channel Play, decent long entry at the low end of this channel, advise tight stops. Long from 44K. If we go higher, 46700 (MA red) would be a good TP for this position, if I can set my stops properly this time.

JJMa Updated 

Not complaining, strong chance that a 2% day up today leads to more gains. Possible short-squeeze carries us higher. Still holding to target in the 60k-65K region if momentum builds to the upside. We've had weeks of sideways movement and meme coins. It's time I think. No guarantees, no crystal ball, just buy at a good level, hodl for the tides to change. This is...

JJMa Updated 

We are pretty damn close to having this Ascending Wedge fall completely apart...Formation actually looks good for a short if it does. I am current long, but taking some time to decide if I want to close or at the very least raise my stop. Next day is critical to keeping BTC from collapsing into the low 50s which would naturally add more shorts along the...

JJMa

Probably seeing things at this hour, and Friday near Midnight probably means no way...but it has happened before.

JJMa

Bitcoin Dominance has rebound slightly, this trend-line has been closed above for most of the day. Inverse Head & Shoulders looking like a decent run for 60K + We shall see. No guarantee, but looking decent.

JJMa

I think this is what the bears are going for... They are trying to hold the bearish head and shoulders narrative...perhaps a "complex head & shoulders" which would compete with an Inverse head & shoulders that you see painted on left and below. Ultimately price will decide this, and of course that is decided by futures it seems short of any other fundamental...

JJMa Updated 

I don't want this to work out, but it can happen. Potential down to 45000 from here if that right shoulder forms, based on a measured move. These patterns don't always manifest, and even if it does, not 100%.

JJMa Updated 

Do we break out to the upside or the downside, almost a 50/50 IMHO... Also Doge is mooning and seems to be on it's 1$+ trajectory...imho, this is dangerous because it really does risk the entire market if serious, well-moneyed investors decide "this crypto thing is a joke." I don't think that will happen, but this is the faustian nature of "alt season" when any...

JJMa Updated 

Hopefully this is a capitulation point. Just read the order book and inputted stop prior to market buy. Up nicely, but unless BTC can breach 50-51K in the next couple of days, I fear I will have to try this again.

JJMa Updated 

Measured Move to about 53800 & change, approx, not guarantees. Daily close above the "magic number 50k" should keep the normies happy. Not much technical significance of that otherwise. Full disclosure, I have a small levered position from lower. I will be moving my stop up as we go, so even if we go higher, I might be taken out. Trying to be patient on this one.

JJMa Updated 

Keeping stop above entry, would really like this to be the bottom of the late unpleasantness, but selling continues to be relentless. No doubt sellers are trying to drive price down to 50K or lower. 50k is psychological support for "normies" so I think it is worth trying a long from here with a tight stop. Don't lose money on things like "the big magic number has...

JJMa Updated 

Potential Tweezer Bottom, I am long myself 3x. 4/20 so good reason to make BTC go higher.

JJMa

Looking bullish, possibly a continuation to higher. Wasn't looking for anything crazy, but adding to my position in the 3-3.30USD region seems to have worked out. I do not have a huge stack as I am agnostic about anything other than the majors, but I'll take a bit of a risk here and there to buy into promising projects with a bit of spare fiat now and again....

JJMa

Looking pretty decent, not hodling my breath for new ATHs, but it would be funny if a lot of folks were ready for "altseason" and overly divested of Bitcoin at this time... I don't say funny because I want people to lose money, but funny because I think group-think and scripted thinking are potentially financially dangerous. Feel free to not follow me if you...

JJMa

Cup & Handle possibly under construction, will be interesting to see if it forms and follows through. Further studies should be done and of course the fundamentals should also be in order to justify either remaining in Gold or adding to a position. Have already mapped this out roughly in a previous study, this is just a follow up with a cleaner chart.

JJMa Updated 

LOL, everyone eagerly jumping into alts with wild abandon, must be alt season...or is it... That trend line below looks as though BTC dominance may have found a bottom. Not sure how good BTCd is as an indicator anymore since we've now experienced a second Cambrian explosion of alts (so many new projects), including meme coins, dead coins coming back to life. 2T...

JJMa Updated 

Apparently bears are gathering in regard to stonks as well. Time will tell. 200 Period on the 4-hr MA will probably attract buyers.