JonRulz

JonRulz

Too short at these levels will only be done by high risk takers or low time frame trades. This is a clear upward trend despite it not making much sense, it's strong and it's not stopping. I do believe a correction is due, but it won't be worth shorting, just accumulate bitcoin and hold. Try to cost average in, or wait for a 30% dip. Buy and hold, this ride might...

JonRulz

If we look at anywhere between the 1 hour chart, and the 1 day chart, It looks bearish. Momentum is slowing down, u can see it with the RSI, MacD, bearish divergances, and It hit a CRITICAL resistance level at 20k. I don't find much reason to believe this will shoot pass 20k before a pull back. I believe the pullback will be significant, atleast in the 14000's...

JonRulz

Down for the following reasons -Reached top of channel -TD sequential hit a 9 on the weekly -MacD crossed bearish on the daily

JonRulz Updated 

Bitcoin has made a jump from the .618 level of the channel to the .5 level. A 1000 dollar move. It was a hard knife catch and only the risk takers bought the dip at 9.1k. However yesterday, the Sequential gave a bottoming signal on the daily. This could have been taken as a buy signal along with the MACD looking good on the 4 hour and 1 hour, and the ichimoku...

JonRulz Updated 

we are looking at a possible correction down to 10100-10350. the macD is trending down on the 1 hour and 4 hour. We have broken the long lasting blue trend line. I am not expecting this to be the top, just a small move to 10100-10350 before rallying above 11k. If it breaks below the 1 hour Ichimoku cloud at 10100, I will become a bear and speculate 10900 was the...

JonRulz

while the over all picture is still bearish , we can see some new signs of life for a short term reversal. Bitcoin looked like it was going to all new monthly lows when it broke down to 9500. However, there were a few indications that this reversal to 10200 was about to happen forming on the MACD , CMF and OBV. The CMF , OBV were forming a bullish divergence on...

JonRulz Updated 

There are a lot of differences between the 2017 run up and this current run up, but lets look at the few similarities. If you look at the blue trend lines for both years, they both are quite steep. A trend this steep is eventually going to break down, I believe that to be happening already. Trend lines should be around 45 percent degrees. Anything above 45% is...

JonRulz

Bitcon has proven that 13.8k is the top for now. We will be getting some down side for the next couple months before we go to all new highs. It's highly unlikely we recover from here. Places i'm looking at to long are 8k, 7.4k, and 6k. If anyone is up for shorting, wait for a small recovery back to 9,8-9.9k and short to 9.4k, 8.8k, and 8k as take profit values.

JonRulz

Bitcoin had a huge jump from 3k all the way to 13k without much correction. This should put alarms in peoples heads. It's very likely that 13.8k was the top for now, and that we are going to see a 33-66% pullback before we see newer highs. However, we are currently ranging and I expect to range for another month between 9.9k-12k. Right now bitcoin is bearish but...

JonRulz

Bitcoin Topping at a 9 on multiple time frames via TD sequential. BTCUSDShorts are going down. Alts starting to gain momentum. These are bearish signs for bitcoin . Ichimoku still bullish on multiple time frames. If bitcoin breaks below 7.5k, I am looking at a run down to around 6k or 5k. If bitcoin stays above 7.5k in the next 4 days, I am expecting this to...

JonRulz

Bitcoin looks like it's retracing to 61.8%. I did not show the fib on my chart, but it's around the 3450 level. If bitcoin were to break below this level, My analysis is incorrect and we could see the price break below the low of 3100. However, if we hold above and we get buyer sentiment, we will probably see a rally to 4k+. I'm currently setting my buys around...

JonRulz

Strong volume on the break below 3500. Little volume on the retrace. Looks like a bear flag. Falling to atleast 3k.

JonRulz

I posted this chart a while ago saying bitcoin was at the bottom of a channel and shorting would be unwise until confirmation of the channel was broken. I advised people of a possible bullish scenario which played out with heavy volume, but fell off the next day. Now, yet again Bitcoin has played the EXACT same scenario as yesterday, we could expect the same...

JonRulz Updated 

Here we see bitcoin in 2 channels and the OBV indicator is showing a divergence. I am looking for this to bounce to the upside. However, if it were to break below the blue channel, I expect Bitcoin to go to 3500, and possibly even 3000.

JonRulz

Bitcoin has broken out of it's channel it's been forming the past few days. A lot of volume came in during the break of the channel signalling bullish movement. Bitcoin is forming a small bull flag on the hourly chart. The MacD is still pointing upwards. RSI is almost crossing the 30% on the daily. If bitcoin can break to the upper side of this bull flag. I expect...

JonRulz

For all the people thinking about selling at these levels. This is not the time to do it. Selling should have been after the 6k break or at the highs. This will now be the 5th touch of the trend. I expect at least a short term bounce at this level. However, I am looking for this trend to hold up.

JonRulz Updated 

XRP has broken the 20 MA resistance, and pulling back to the 20 SMA now. The MACD looks like it could cross soon. The STOCH is above 80%. I expect this to bounce off the white 20 MA and break above .236 fib. After the break, I'm looking at the .618 fib to be the next big resistance.

JonRulz

Recently, we have seen some big spikes from XRP and RVN. Now might be stratis time. It is looking very bulish on the weekly, daily, and hourly chart. On this weekly chart, I expect a big run up once it breaks the white 20SMA. The MacD has crossed, the RSI is pointing up, and the STOCH has crossed 20% going on it's way to 80% or more. Once it crosses on the weekly...