j0v8008

j0v8008

Potential Descending triangle forming after recent pullback from bearish momentum. Potential short opportunity upon breach of lower boundary or retest. ***Not Financial Advice***

j0v8008

Zooming out to look at the 1 Week chart, Currently we can see that BTC is sitting on the MA50. In the previous instances of 1W MA50 being breached to the downside, BTC headed down to touch, and in intraweek trading, head below the MA200. As the most recent parabolic advancement has been violated, I believe a MA50 breach would entrench a long term bear market...

j0v8008

ETHUSD looks to be painting a descending triangle on the 1D chart. A recently completed H&S has sent eth further down, most likely to test the triangle support ($1700), I expect a bounce there for a potential long entry and a potential retest of the upper edge of triangle (~$2000)for a ~15% return. Breakout of triangle to the downside would likely lead to...

j0v8008

BTC looks to be breaking out to the downside of this descending triangle. 1D close below the triangle should point this towards retest of the bottom of this channel for a short trade w/ target of ~28k, and potentially long entry to come back to retest 32.2. My potential trade idea of buying the bounce of the bottom of the channel with a retest target of ~32k for...

j0v8008 Updated 

ETHUSD is painting a bear pennant on the 1H chart. Completion of this chart pattern would send it down to test the trend line from Dec 24th, and/or the .786 Fib line. Trade setup idea consists of buying at ~$960 level with a stop loss ~$940 to catch a rebound. Catching knives can be dangerous. USE A STOP LOSS. Alternative would be a short at those levels if...

j0v8008

Looking at the D chart for ETHUSD, things are looking really strong here. In the most recent recovery building back up to the beginning of May, the Ethereum really led the pack in the large cap coin sector outpacing BTC. Since then the top two major Cryptos have taken a good slide down. ETH is attempting to again break the downward trendline established from...

j0v8008 Updated 

Analyzing the 4H chart, a terribly ugly ascending triangle in this downtrend has formed with a pole formed by an enthusiastic sell off. ~ -$130 USD. I would assume seeing the this formation and the dramatic selloff leading into it that a further breakout to the downside would have occurred last night. Since then it has gone on to test the upper limit of the...

j0v8008

Posting a continuation of my previous analysis regarding the inverse head and shoulders forming on the charts. This pattern continues to form on both the 4H and 1D charts. The update to my previous analysis placed the right shoulder bottom at $650, which that target was reached. Bottom was actually closer to $640, but I did execute a long position at that...

j0v8008

Expanding on my original thought regarding large head and shoulders that looks to be forming on the chart, ETH continues to create lower highs in a falling wedge pattern. I expect continued slide within the channel prior to breakout. The end of the wedge happens to coincide roughly when the right shoulder should start aiming back towards the neckline. A...

j0v8008 Updated 

Took a step back from the usual 4h chart today to gain some different persepective. My idea is that a massive inverse head and shoulders is forming on the D chart. I will be watching the formation of this pattern closely. In my opinion, I think that we will continue to see a pullback in line with this formation, and perhaps an opportunity between 590-625. I...

j0v8008 Updated 

Sorry folks, was away for Vacation, but am back and ready, so let's dig right in. On the 4H chart ETH against the dollar continues to consolidate nicely. We have what looks like a symmetrical triangle forming after the recent run up along with decreasing volume. We will be approaching the three-quarters mark in the triangle in a day or so, so stay keenly aware...

j0v8008 Updated 

Hey everyone, back with what I think is some feel good news for ETHUSD market. Anaylzing the 4H chart, many traders noticed the textbook head and shoulders that looked to be forming, but for all you bullheads out there thankfully this pattern did not reach completion and we have what looks like a bullish pennant pattern that has formed. We are reaching the end...

j0v8008 Updated 

Hi everyone! Analyzing the four hour chart, ETH has broken out past the top of the downtrend channel it has been since it's all time high. It pressed against the top of this channel resistance for several sessions before breaking out with some decent volume . However, I would like to have seen more volume to take a larger position, but the uptrend looks to be...