Jefe

01:33

Jefe

Bitcoin is ready to go down. The price action looks really weak after BTCUSD faced strong rejection at a key trend line support turned resistance. This is a very good setup to look for short entries. Having said that, we need to wait for confirmation of a trend reversal before we do that. Previously, the price rallied 64% before it topped out. This time, it has...

02:12

Jefe Updated 

Bitcoin is doing exactly what we expected it to. On the inverted chart for BTCUSD, it is completing the right shoulder and soon as it is done with that, we would be looking for a decline below $9k and eventually towards $6.7k. It is important to realize that while this is not a good time to be bullish, it is not a good time to be bearish either. We need to wait...

01:28

Jefe Updated 

We have a large IH&S formation on the inverted BTCUSD chart which is expected to lead to a move to the upside near term but we also know from recent price action that such formations have been invalidated. This brings us down to two scenarios that we should watch out for in the near future to ascertain which way the price might swing next. Scenario I: The IH&S...

01:17

Jefe Updated 

This is not a good time to short Bitcoin. The price seems ready to rally higher even if it is just a fake out. It would have the two pronged effect of liquidating aggressive bearish positions as well as printing a head and shoulders formation to pave the way for BTCUSD to decline down to $6k and much lower in the weeks and months ahead. Bitcoin bears might want...

Jefe

EURUSD is at a critical juncture. It has been coiling up inside the symmetrical triangle for a long time. We are now very close to a decision point in this pair. Wait for a clear breakout. The larger trend is still bearish so if it breaks lower, it is expected to decline very aggressively. If it breaks higher, we would want to be sure that it is not a fake out. In...

Jefe

This market is huge on sentiment, even more than penny stocks (which I've been trading since I was 14). One moment everyone is all bullish and the next moment everyone is all bearish. It appears that reason or sanity has no place in this market for retail traders. That is not to say that it doesn't work though. I assure you, if you can keep a calm mind in this...

Jefe

Bitcoin left a big gap over the weekend that has yet to be filled. While BTCUSD was crashing $1,500 in less than 2 hours, the bulls kept reassuring themselves that it is nothing to worry about as that gap will be filled when Bitcoin CME Futures start trading next week. In this analysis, I want to highlight both the bullish and the bearish scenario to help you make...

Jefe Updated 

On this inverted Bitcoin chart, we have a large falling wedge that the price might soon break out of. A falling wedge leads to a bullish breakout most of the time which on this inverted chart would most likely mark the beginning of the major downtrend for BTC/USD. It is important to wait for the breakout and not enter any short positions before confirmation. This...

Jefe Updated 

We had a strong breakout on the inverted chart for BTC/USD in less than 24 hours of my last post. The price broke past the falling wedge I sketched previously and we now seem to have entered a large symmetrical triangle. As bearish as this is for Bitcoin, the bears would be better off being very careful here. We expect the symmetrical triangle to eventually break...

06:21

Jefe

Bitcoin bulls are as euphoric as they could be days before halving. It is funny how even many of the veteran traders have turned a blind eye to the reality of "fakeouts" amid the recent bullishness in the recent. Most are posting targets of $14k and higher thinking BTC/USD is just going to skyrocket from here to begin a new bullish cycle. Why? "It just broke out...

Jefe Updated 

While everyone is looking for a rally to the moon before halving, this is the time to look for bearish entries. Thanks to the whales and market makers we keep seeing these pumps. Just as you would dollar cost average your long entries, it may be the perfect opportunity to dollar cost average your short sell entries. Ethereum is very unlikely to be the second...

Jefe Updated 

Notice the similarity between rise and fall. Who says trading cryptocurrencies is difficult? You just have to wait for the big moves and stop being greedy short term to be wiped out by the market makers. Remember, this is a marathon not a sprint. It's not a get quick rich scheme. You might hit it big with 20x or 50x leverage once but sooner or later you're gonna...

Jefe Updated 

Bitcoin (BTC) has a history of repeating certain fractals. They can be easy to find for those that are willing to go the extra mile to do their research. In this case, that fractal is right in front of us. When the price tested the top of the symmetrical triangle the last time before it declined to the bottom of it, the fractal it formed is similar to what is in...

Jefe Updated 

Price continues to trade within descending channel. We are close to seeing it decline below the 200 day EMA which I think will be the final nail in the coffin and we go down to double digits from there. Moreover, the RSI has also painted a bear flag, so brace for impact. Soon. Read Full Analysis: cryptodaily.co.uk

Jefe Updated 

Okay, so everybody thinks the world is about to end. Everybody and their cousin thinks the stock market is going to crash tomorrow. If you were a contrarian this would be a big signal in itself to do the opposite but that would be a silly thing to do as a professional investor. Now, I have reasons to believe why Gold is more likely to go down to $1,000 than climb...

Jefe

Ethereum is about to decline sharply below the rising wedge. The price could crash quickly to discourage shorts from stacking up. Buyers that are hodling here waiting for a rally to $265 should think twice about the odds of that happening. Good luck!

Jefe

NZD continues its downtrend against CAD and we expect further downside here. The pair might experience further volatility throughout the G-20 talks.

Jefe Updated 

I have not posted here for a while but I consider it my obligation to inform the general public about what is going on here. The so called influencers that are calling for the moon will dump on you starting next week. The Fear and Greed Index is now at 95 (Maximum Greed)! Do you want to wait to see it rise to 100? Well, you go right ahead. There is no...