joezzart

joezzart

BTC/USD was once again rejected at the downward trend line (denoted in yellow). This is the third rejection which confirms the bearish momentum. Unfortunately, while BTC was most recently rejected, it also formed a double top. Is this double trouble for BTC? I believe so. It is likely that BTC is just beginning the final leg of a corrective wave which began...

joezzart

Recently, BTC began moving in a positive direction toward breaking the downward trendline established at the ATH. This movement has formed a trading channel which is denoted by the white lines. The downward trend line is denoted in yellow. There are several scenarios which could play out as a result of this current setup. First, if the current trend is...

joezzart Updated 

Sometimes it is good to look at the big picture. Not much else needs to be said. This is not investing or trading advice. Make your own decision based on your own research. Criticism and feedback are very welcome.

joezzart Updated 

It looks like we may be seeing LTC/USD at a discounted price over the upcoming days. Sell-offs began yesterday, February 20, 2018, as BTC was on the verge of breaking the downward trend line. If the current trends continue LTC may find support around the 0.382 fib line. This would place the price between $190-$200. Personally, I would like to see prices...

joezzart

Current price action with LTC is setting up a pennant formation. Hopefully, by sometime later today we should see how the pennant will break. Personally, I feel that the likelihood of the pennant breaking up is still moderately high. First, we have to consider price action from the Litecoin Cash ( LCC -2.42% ) fork which occurred 2/18/18. Many speculated that the...

joezzart

Recently Bitcoin has seen upward price movement. Although price action moved briefly back above $10,000 for the first time in approximately 16 days, there is still a lot of room left for an actual trend reversal. The larger picture shows that BTC current price is still below the uppermost trend line. If price continues along the current trend we could expect to...

joezzart Updated 

If the downward trend continues we might see LTC reach $60. Currently, there is strong resistance set up at $100-$110. This downtrend still appears to have some momentum and may break the $100 resistance point. I will be more interested in price action around the $60 range. This is not investing or trading advice. Make your own decision based on your own...