jadz61

jadz61 Updated 

Hello All, This morning I'm taking my analysis to Ethereum where we have spotted the Pyramids of GYZA on the 4 hour chart! This is not the best situation for us given market structure. We have recently tested the neckline with a rejection but I would like to see this continue but I'm not so sure that we dont see one more flush down to really capitulate the...

jadz61

Hello All, Once again I'm taking a look at the 1 Day Bitcoin chart and in my opinion its looking pretty promising. We are officially running our of room in the wedge that has been playing out forever, and as of yet we have held tight on the trending resistance line without getting smacked back down. We have been coasting in a tight range only about $100 over the...

jadz61

Hello All, I'm currently looking at the 1 hour chart and things are looking pretty good at the moment. For one we seem to be breaking our of the bull flag that had been playing out over the last few hours to the upside. Second, the MACD and STOCH RSI are turning positively for the short term at least. This can potentially lead us on a run into resistance around...

jadz61 Updated 

Hello All, As I take a look at the Bitcoin 1 Day Chart today, it's very clear that the massive wedge is starting to run out of room. BTC has been increasingly tightening its range trading within the upper and lower boundaries for many many months and something is going to happen soon. VERY SOON! For the first time after basically touching the down slope of the...

jadz61

Hello All, As make my Monday morning analysis of the BTC 4 HOUR chart, I can see that bitcoin is again in a precarious position. BTC has tried to break this wedge late last week and followed that with one more attempt that made another lower high. Not looking great from where I'm sitting! When taking a look at the technical picture BTC is also showing more...

jadz61

Hello All, There has been some negative news flow today and as I look at the ETH 4 hour chart I'm seeing some dangerous activity and flirting with a breakdown. As you can see the MACD is rolling over and the Stoch RSI is coming down as well. I'm going to be watching from the sidelines at least until the low liquidity weekend trading ends. I would look to pick up...

jadz61

Hello ALL, This morning as I take a look at the 1 DAY BTC charts we are in a tight tight range and the Bollinger bands are getting very tight. To me this a sign that some serious volatility is coming to the markets pretty soon. This time based on the action I have witnessed around the crypto markets with other coins going on some large runs, I think it may be...

jadz61

Hello All, As I wake up this morning and do my routine BTC analysis, I can see that BTC is thinking about making another push higher and maybe its soon to be LEVEL hunting season. We currently are at 6500 and have run into some resistance at 6550 which must be taken out for any chance at a run to 6800 and beyond. Another thing to take a look at is that we...

jadz61

Hello All, As we take a look at the pretty ugly 4 Hour chart n ETH you can see how it has broken down through the questionable Head and Shoulders pattern I was observing. This is pretty disappointing given the strength we saw towards the end of last week. At this moment in time ETH has once again flipped bearish until we can retake and break the 255 Level! What...

jadz61

Hello All, Wow is all i can say at the moment, Bitcoin has really founds its legs after that bounce we saw from the most recent drop to 6100. As I has previously mentioned in my BTC 4hour analysis the close above 6400 was a major sticking point for me, if we wanted to see higher prices. We indeed held up and look at the action that followed. Now we find ourselves...

jadz61

Hello ALL, As we can see here on the 4 HOUR BTC chart there are a few potential scenario's in place. I like to start with the bad news concerning what some would call a QUASIMODO head and shoulders pattern that might be developing here. It would be shame after the fight the market put up yesterday after futures close and the positive vibes its still giving out....

jadz61

Hello All, We have just seen a dump prior to the futures expiration. As I type the market continues to collapse, and the Triangle of death has been broken. To all those out there I do not like to knife catch and you all should be wary and tread carefully. This is rough and I will keep an eye out for conditions to improve. We are trending on a death zone , lets...

jadz61

Hello All, We are currently testing the 50% fib on the 1 HOUR chart and BTC is trying to press a bit higher and to plow through even more fibonacci roadblocks on its way higher. Personally, I dont think BTC will make it that far as volume has no impressed me thus far. Second of all like most of us we have seen this pattern play out over and over again and I'm...

jadz61

Hello All, Today I'm taking a look at the 1 Day chart on BTC. As you can see we are the middle of the range of this really long wedge that has been forming on the daily chart. We have consistently found support at the 6K range give or take 100$ higher or lower, but how much longer do we have before a real choice is made by the markets. Over my trading experience...

jadz61

As you can see in the charts, it's looking like a make or break for Ethereum here. The markets had a little bounce in their step but so far it seems as though the music has stopped playing. If we can not break the recent pivot high of 222 than all the possibilities are on the table for where ETH can head from here. This is unbelievable but we are looking at what...

jadz61

As we can see BTC is ran into resistance on its bounce from the lows yesterday around 6224. We are currently sitting at on the chart by the VWMA that is in bed with the 38 fib resistance level. The market is trading pretty tight at the moment trying to chose a direction. If we can break up look for 6500's as the next area to decide if this is a real move or just...

jadz61

Possible H&S forming on the hourly chart as price did not break above the high therefore a short position was entered. Stop loss would be above the high and the potential profit target would be $168 and $157. Depending on price action when the first target is hit, trade plan could be modified. Please hit the 'like' and give me a follow! Comment below and let...