jollyjoker747

jollyjoker747

use on-chain data to back up your decision

jollyjoker747 Updated 

BTC was climbing up, following a parabolic trend inside a rising channel. I am not denying the possibility that BTC blasts here to a new ATH, but you all know what will most likely happen once we retest the channel ~18600, right?

jollyjoker747

weekends are usually bullish/volatile. is a bearish weekend coming?

jollyjoker747

This is a chart showing big amounts of minted Tether since 1st of May. All of them (except the two thicker lines) are 80M - 120M and the thicker lines are 200M minted Tether. Can anyone make any sence of this? Of course, tethers can be printed for both long and short and they could be used not only for BTC. Crypto twitter is giving Tether mints a big importance,...

jollyjoker747

BTC sits in a symmetrical triangle, both 10k break and pullback to 7k area are possible. up or down? left or right?

jollyjoker747

- I see a very clear and well formed rising wedge on the 4H/6H/Daily chart - most timeframes look out of steam/overbought - if I had no context over the drop to 4k area on 13 March and if BTC was not following US indexes (DJ/SPX) almost blindly - it would be a 100% short for me

jollyjoker747 Updated 

-BTC could bottom, as usual, on the 200 weekly MA - before, during (on the same day) or shortly after halving -Halving is over-hyped socially, but no one will FOMO or market buy BTC just because of it -Daily oscillators look like they want to go down -Volume is decreasing -Halving would bring volatility, so a quick dip to 200 MA could wake bulls for the start of...

jollyjoker747

BTC has several MAs on the weekly that clearly indicate bull/bear periods as well as bottoms. right now we are again in a bear trend going down to the weekly 200MA (purple one). I expect a bulltrap around 8200-8450 then a sharp decline, one last time, with a bottom around 5k.

jollyjoker747 Updated 

200 weekly MA - bottom, reversal 40 weekly MA - major dips during uptrend. good place to "buy the dip" or look for a stop-loss 20 weekly MA - minor dips and corrections during uptrend, follows the price tight dotted curves - possible top of next bullruns ascending triangles - market cycles. horizontal trendlines based on 1M/3M candle open/close bottoms (20...

jollyjoker747 Updated 

Fractals can be misleading, we see many of them from both bulls and bears. Trusting a fractal is always tricky, but this here sure looks like the best weekly BTC fractal in a while. 1. BTC breaks the downtrend line with a rally to the 50MA 2. Price reverses at the 50MA and goes down to retest the downtrend line 3. The downtrend line now acts as a support, we make...

jollyjoker747 Updated 

whether big or small - a drop here should be expected people speculating about a H&S on the weekly chart - a rapid drop here could confirm it prepare to fight definitely not a financial advice

jollyjoker747 Updated 

hodl?

jollyjoker747 Updated 

My buys: - 6050 - 5800 - 4900-5100 GG

jollyjoker747

lambo?

jollyjoker747

moon?

jollyjoker747 Updated 

Ladies and gentlemen, Satoshi has turned on the Fasten Seat Belt sign. If you haven’t already done so, please stow your carry-on luggage underneath the seat in front of you or in an overhead bin. Please take your seat and fasten your seat belt. And also make sure your seat back and folding trays are in their full upright position.

jollyjoker747 Updated 

Bitcoin is currently moving inside a rising wedge pattern. RSI/Stoch overbought. "CMF" showing no real buying power. Many traders expect 7500 this week, but I see this as highly unlikely. Watch out for a break out of the wedge . If we break upward, my first target would be the 7500-7600 range. Breaking downward would drop us to the accumulation area around 6500,...

jollyjoker747 Updated 

BITSTAMP:BTCUSD had a slow start this year and while everyone are looking at 15 min. charts, the big picture is getting clearer. With the current drop to low 7000s, Bitcoin reached another decision point and this will help a lot confirming a long-awaited bull trend. We are currently sitting on an year-long support, inside a well formed symmetrical triangle....