JonRulz

JonRulz

Tron has been getting some buyer sentiment as of lately. It went up roughly 65% percent in the span of 2 months (260 to 430 satoshi). Tron is currently in a stage 1 possibly transitioning to a stage 2, but maybe not just yet. I made a post about a month and a half ago stating that Tron could be forming stage 1, but it was too soon to tell. Now, it seems stage 1...

JonRulz

I shorted XRP around 53 cents, expecting it to fall to around 43 to 45 cents and maybe even 35 cents for a more bearish scenario. XRP reached close to 46 cents, not reaching my target. I decided to take a look at the XRP/BTC chart to see if I can find any reason to still hold, or when I should get out. From the looks of it, it's too early to say, but there's a...

JonRulz Updated 

I made my last Tron post on Feb 17, stating my thoughts on Tron and where it was at and heading. It did exactly as I wrote it would play out. and i'll give another analysis for Trons current situation. I look at the market cycle in 4 stages. It's very important to look at the broader scheme of the trend before making a trade. Which is were these 4 stages help...

JonRulz

XRP has been holding above the 50 SMA until recently. SMA is straightening out, MACD is pointing down. Might be a short term recovery to the 50 SMA line, but ultimately it looks like the next path is headed is down. My first target is 43 - 45 cents. Second target 33 - 37 cents.

JonRulz

Bitcoin is in an area I would wait it out. I am looking for the green 50 MA to act as support, and the green uptrend line. A break below these may cause bitcoin to correct the bullish movement we had the past couple weeks. However, a break above 9500 would be a bullish sign.

JonRulz Updated 

Looking at the Bitfinex chart, bitcoin seems to be following this long term trend on the log chart since $1k USD. we should assume a break below the green support line will cause bitcoin to fall to the last support around $6k to $7k. If a failed bounce were to happen at $6k, bitcoin might fall all the way to $3k. However, a break above the red downtrend line may...

JonRulz Updated 

People seemed to like my verge analysis. So, I decided to look at another one of those big spikers from December, TRX! Please note, BTC is in an uncertain area at the moment which makes trading alts very risky. I'll explain a little bit of the way I look at charts. In a broader scheme, I was taught to look at the market in 4 stages. These stages represent a...

JonRulz

OMG is one of my personal long term holders. A great coin that people should be keeping an eye on at the very least. I am happy to see a possible breakout back to 29 dollars. I am looking for OMG to break above it's $21 resistance, there's not much resistance keeping it from going back to it's 29$ high. However, it looks like the histogram on the MACD might be...

JonRulz Updated 

Bitcoin sitting at 10k is a good sign. However if you didn't buy at the low of 9k, right now is not a good time. We are looking for a break above and a retest of the red down trend line. This would be a good time to buy, as it would indicate a chance to break out of the 12.5k resistance. Stop losses should be put below 9.8k as of now, and below the red downtrend...

JonRulz Updated 

I've been staying away from alt coins for the main reason that everything has been on a downtrend. Now, it may be too soon to start getting in alts, but I held my lisk & rebought OMG on the break out, both were good trades. I feel like I can start making posts about alts again. I don't think the correction for BTC is over yet, bare that in mind, we could see verge...

JonRulz Updated 

As we can see on the bitcoin -3.37% chart, a possible head and shoulder pattern could be at play. The MACD has crossed and there is a nice divergence I marked on the chart. These are bullish signs. However, yesterday ended on an indecisive candle stick. This means if BTC -3.37% ends on a red day, there could be some more red days. Right now it's to early to tell...

JonRulz

I have made a post a week ago with my thoughts of bitcoin going below 10k. I had said there's a good chance it'll hit 6k before recovering. That prediction came true. Now, where will bitcoin go from here? That's a question everyone is wondering. Well, a bounce like this shouldn't make you all think bitcoin is going to oblivion. We need to get through a lot of grim...

JonRulz Updated 

One of the hardest questions to ask ourselves, did the bitcoin bubble just pop or is this the bottom? This could be a long needed correction after such a parabolic run in December. I personally believe the bubble did not pop, but it is possible that bitcoin could go back to 3k, by that time I'm sure people will speculate that the bubble has popped and that...

JonRulz Updated 

I have stated in my previous posts that if bitcoin drops below 12500, that 11k would be the next target. but now we have the question to ask ourselves, will it keep going lower from this point on? This is a hard question, and one that there is no certain answer too. However, If we open the log chart. We can see that this is a strong support area for bitcoin to...

JonRulz Updated 

We are waiting to see if bitcoin will recover from the FUD news about Korea planning to ban Crypto exchanges. This was most likely the cause of this small crash, but Korean banning the exchanges has not yet been confirmed. With this said, Bitcoin has a good chance to recover. We are waiting to see if bitcoin can maintain above the green trend line. If that...

JonRulz Updated 

Bitcoin is looking very bullish. Once it breaks this resistance line, I think it'll be on a long bull run as we have seen in the past that bitcoin always rallies really nicely when the MACD and ADX are on an upward momentum. This seems to becoming near. Buy should be 15800+

JonRulz

In it for the money did a good review on this coin. I am very bullish long term on this coin, It's more of a gamble type coin, but I think it has potential to go higher in the next 6 months. however here is a short term analysis. If it reaches the 1.414 fib level, that's a strong support. It is a good buy. If it dips below, still a strong support at the 1 fib...

JonRulz Updated 

Cup and Handle Formation has formed. Looks like OMG broke out of it. Looking for it to stay above the 21-22 mark and go to new highs. If it can hold above, the target is 30 dollars.