JacobFranklin

JacobFranklin

Chart speaks for itself - Looking at a trend reversal after the overall trend channel broke down. Looking for very LOW RISK entry points. Stop loss is a bit below the last low. Entry should be near the bottom of the 50 period bollinger bands if possible.

JacobFranklin

See notes on chart. This is a very low risk type of setup that I like very much. My sell points are either when I think a resistance level is being tested OR if a strong trend develops (hopefully!) I draw a trend line. If the trend breaks down, I know that is a good exit point until my next entry.

JacobFranklin

These are my notes for BTCUSDT - Areas where it is safest to buy, where I would sell and take profits. I often take 50% profit at 50% to my target. You shouldn't hold it until it reverses.

JacobFranklin

Chart should be relatively self-explanatory. A 2nd bottom is likely if the purple trend line is broken.

JacobFranklin

Entry near 800-810, stop loss 800, TRX is trying the resistance that it has been at for the past week.

JacobFranklin

For active trading - We don't know if BTC will rise or fall. Alts fall in large dips, or alts fall when btc rallies. Plan accordingly. Previous strategy ARK channel trading failed during a small btc rally. VIBE and ELF are rallying now, but will fall if btc dips or rallies. Recommended open alt trades and to set alerts using some kind of phone app and use...

JacobFranklin

The chart speaks for itself. Expecting a breakout of the wedge.

JacobFranklin

Waiting for the ETH continuation to jump on the train if it is outperforming BTC.

JacobFranklin

BCPT could break the top of the small wedge soon, and reestablish resistance near 11100. Could see some big price moves after that. Stop loss is below the purple wedge. The dotted orange line is the 4hr trend lower line. If it breaks above the top wedge in the near future, we will see huge movements.

JacobFranklin

ARK may break the wedge soon. Watch for it. For now, you can buy low and sell high in this pretty little channel it has formed and make yourself some easy profits. Stop loss is if it heads below the channel. Working a 25% strategy, 5 minute chart and expecting some volatility. Buy low in the channel and sell if the 5 minute moving averages turn negative near...

JacobFranklin

The current situation is that BTC is reclaiming most altcoins. It doesn't look like there is any weakness in sight and we may see the 15500 resistance level become support today.

JacobFranklin Updated 

Note how the RSI and MACD trend down while the price trends up. This could indicate the rally is over, and it is my sell point. I am very short term bearish on this. Any lower buy price is a win but I will be watching for a good entry. If price continues to rally on this peak, $1.72 is a convincing buy point. That would break the previous high in a convincing...

JacobFranklin

The price is likely to retreat. However, technical indicators have been pretty much useless for Iota over the past few days, so anything could happen.

JacobFranklin

Watch the wedge for a breakout above the upper limit, or a retraction. Trend bias is positive but there has been a huge run lately so it could go either way.

JacobFranklin

Sell Wall at 11099 USD last night caused the price to drop several percent in under an hour. Some investors have been repeatedly using this tactic all day on low volume to capitalize on market buys and force consolidation.

JacobFranklin

Looking for a breakout above or below this pattern. Investors have kept the price under consolidation with a series of sell walls. Look for increased volume and closing above the breakout pattern.

JacobFranklin

Investors have begun consolidating LTCBTC starting when BTC hit a sell wall at 11000 last night. Look for a breakout from the triangle on the 3 to 15 minute charts. LTC rise last time was 19%. Upper breakout may be about to occur.

JacobFranklin

BTCUSD headed for a retracement over the next week or two. Note the RSI Divergence. Price will rebound slightly over the next couple days which will show a good selling point. Before selling, note that the RSI should be overbought but still probably a lower price and RSI high than the last two recent peaks. Then the volatility should tighten up at a slightly...