jamey5k

jamey5k

iCP has a huge falling wedge on the weekly. Look for the breakout - may be 4 to 6 weeks.

jamey5k

Symmetric trinagle coming to an end on the daily, in conjunction with MA. Which way will it break?

jamey5k

It looks like there is a rising wedge forming on the 1 hour. MACD may be getting ready to cross over. This is theoretically a bearish sign, but in the recent past, BTCUSDT exploded upward after the rising wedge, so beware. My current sentiment is that a correctio is needed and we will turn downward.

jamey5k

In the past 24 hours, a few rising wedges have developed, with a drop following. The pattern continues to occur. Bitcoin is so volatile, so anything is possible, but right now, it seems like the rising wedges are playing their way through, with a drop after a few bounces within the wedge boundaries.

jamey5k

Looks like XRP consolidated and broke down, and now may be part of a Descending channel.

jamey5k Updated 

XLM has been consolidating. Seems to be drifting bullish on MACD. Buy target around 858 sat, and then see what happens around 915 sats, to see if it breaks out of the triangle. First target ~950sats

jamey5k Updated 

Consolidation happening. We will know soon whether we are breaking up or down!

jamey5k

Some good bull runs recently for the alts. But RSI shows ETH Is overbought and a rising wedge has formed. Time for a reversal? 0.0305btc target?

jamey5k

There's a lot going on here, and I am not a pro, but here are my thoughts. The three arrows represent potential targets. A retrace to the 0.02685 seems very possible, and maybe to the next level on the resistance fan (0.0252?). On the 1H, the RSI seems to consistently fall to at least 15.75 or even just below 11.0. Right now, we are hovering around 20. So,...

jamey5k Updated 

I see a symmetric triangle forming on the 5M and 15M. RSI and MACD seem to be having a rising trend. Breakout to come by midnight EST?

jamey5k

We did have a spike today in prices, but check out the RSI and MACD trends. Very downward trajectory in the peaks. We are in an upward channel at the moment, and perhaps we will wind up in a symmetrical triangle, but we are likely to bounce back down to the 13,300 mark. I don't see us getting back up to the 14,400+ range in the next few days.

jamey5k Updated 

I have put a SHORT entry target just under 13700. BTC broke under the recent trendline of higher lows. There is now a trendline of lower highs. TP1 at ~13168 TP2 at ~12893 Others are projecting far lower dips, down into the 12450 or 11900 range. Indeed, very possible. However, this is a volatile time, many including me, believing there is a mid- and...

jamey5k

Looking at the resistance fan, I think ETHBTC may find support at the 0.0295 to 0.0299 level (depending on how long the decline takes). I short rally would not surprise me, but it has found resistance at the 0.618 - I wouldn't expect to see it go significantly higher than the 0.0322 range even if it rebounds. For the past month, it has stayed within the...

jamey5k Updated 

On the 1H, there is an ascending wedge happening. There still seems to be major resistance around 0.0333. That will intersect with the larger descending wedge on 28 September, and I suspect it will have a major drop from there, forming a new lower high and a new lower low, likely below 0.030.

jamey5k Updated 

On the 1H, a cup and handle seems to have formed. This may take us up to the 0.337 level or so. However, that is the upper boundary of what I believe may be a downward channel. The cup and handle is one small bullish signal in what I believe to be a bearish pattern overall. We can see the RSI drifting upward and MACD, yet, the price has not gone up...

jamey5k

My standard disclaimer - I am new at this, so please don't view this as analysis from an experienced trader. On the 15 minute, there seems to be a bit of a descending channel, with a peak around 0.03262. If it breaks to the upside, this is still part of what MAY be a descending wedge forming on the 1H, with an upper boundary currently around 0.0343. If it...

jamey5k

Disclaimer: I am not a pro - still very new at this and learning. Not investment advice, just my ideas at the moment - interested in feedback. On the 1H, I am seeing a broadening wedge. It has the characteristic megaphone pattern (top slope greater than the bottom slope), with volume rising when the price is moving up, and volume falling when the price is moving...

jamey5k Updated 

It has been disappointing to see the ETC/BTC pair dropping before the Castillo airdrop, and looking at the pattern ETC has had, some further drops are likely to the bottom of the red dotted lines. MACD and RSI have been fluctuating, but drifting upward. Just for fun I did the "Moon Phase" analysis, and in this most recent cycle, it seems like ETC falls after a...