jjaskulowski

jjaskulowski

I will watch the region when correction channel and horizontal resistance converge that is also around the MA200. I will zoom in and check for divergence in price / RSI (usually happens together)

jjaskulowski

I understand that bears ar out of ammo for now.

jjaskulowski

We may fall to blue line area again or just go straight up from here. We left previous channel and hold well over it treating its top as a support. We still did not hit the top in wave 3 and dynamic range has opened up to allow going higher over the mid of the long term correction channel which would be ejected above it and then confirm it and go even higher.

jjaskulowski Updated 

So the regresson shows us that momentum is strong to the upside on H1 So strong that I believe that this move down should easly come back.

jjaskulowski Updated 

It would clearly be an inverse W (M) pattern by now or long ago if not all this strong buys at each sell off. Further more the formations show that price is breaking every triangle to the upside. The fifth battle is going well but it seams that bulls are wining. If it doesn't go down it will explode up because so many margins will be called and so much money...

jjaskulowski

The angle of this channel is small. I see it as a bear flag. I will be watching RSI on higher timeframe to make a second leg and hopefully a divergence. I will also keep in mind the fibo targets. Wave 2 - usually does at least a 60% entrancement. It is not worth it to enter this trade for me. I will wait for a correct place to enter long. Weak short today-ish...

jjaskulowski Updated 

Every healthy trend has corrections. And the bottom of the channel sits at around same place where 50SMA on 4H will be. Short today, long weekly.

jjaskulowski

Please notice how the downtrend is slowing. Notice how we have hit bottom of longterm correction channel (blue) Please see how 3 last moves upward all push the boundries of uptrend channel to be inclined more and more to the up (green, orange, red channels). I will try long after we make an inv h&s and if it does not catch momentum and fall lower, again at the...

jjaskulowski

Price has fallen lower, I've made a reentry at 276. In overall ther trend is turning up. You can see that because the previous channel does not work anymore, only a more raising channel is touching price extremas now. You can treat the median as a top of a channel or be more positive about it and use previous price range (and think more long term)

jjaskulowski

I'll speak with my money on this trade.

jjaskulowski

This wedge shows the buying pressure level is reaching selling level but selling level is more consistent and will win. SELL

jjaskulowski

BTC didn't want to go lower on W1. This makes me optimistic regarding both majors.

jjaskulowski Updated 

Both major coins will most likely go to the bottom of the wedges and bounce of.

jjaskulowski

Could bitcoin have treated the previous bottom as a wick and didnt include it into the support line, and used its shoulders? That is why we bounce of here now? What kind of strange algo would that be? Anyways, it fits what happened to ethusd and i it bounes of here then we have a good bulish signal.

jjaskulowski

Just buy.

jjaskulowski Updated 

As you can see we are not at target yes to really bounce of.

jjaskulowski Updated 

Why are we out side of channel? I undestand that this is a bigining of a way up but we need to have a proper correction from the wave 1 of this new trend forming on daily/weekly. I will never ever buy here. The only thing that comes to my mind now is that this is a wolfe wave (1,2,3,exaggerated 4) stucture and this is a sign that we will go downwards in a violent way.

jjaskulowski Updated 

We moved to the upper size of regression line where things like to become bullish. In addition to that we've been forming a falling wedge which shown weakness of bears. I expect some bull action soon.