jpbrown1023

jpbrown1023

XRPBTC is testing a long-term resistance trend going back to its January 2018 high. Getting past resistance here would most likely lead to a very high volume breakout. Its daily RSI is currently at 70 which is very bullish territory. As long as BTC can find support here, we should see fireworks. Failure to breakout might mean XRP will revisit the bottom of the...

jpbrown1023

Tron's stablecoin USDD has lost its peg and despite the $5bil of reserve cash used to prop it back up, it continues to fall further and further from $1. Tron mimicked the Terra Luna UST model and implemented their own stablecoin just days before the UST Luna collapse. If Tron is unable to re-establish the 1:1 peg, it's fate might be the same as Luna's. This is my...

jpbrown1023

I really like what I see on ADA's BTC chart. There are a lot of reasons to be bullish: 1) Bullish breakout of the purple falling wedge 2) Breaking back above very strong, long-term support 3) Breaking 60 on the daily RSI 4) Breaking above the zero line on the daily MACD I'm long here

jpbrown1023

Here's a short-term scalp opportunity I'm taking on ETH. This is a terrible looking chart, but ETH is down over 50% since its April high without a single bounce. It's hitting a pretty strong support area around $1800. I think we have at least a short-term rally before the Fed's announce in June which will likely be to raise rates again. This will probably lead to...

jpbrown1023

This is a very simple chart. XRP has been flagging since its high in May. A nice 7 months of consolidation before the next move up. The daily MACD is showing a bullish cross over the signal line. It looks like all systems are a go once this breaks out. And when XRP takes off, you will want to be on this flight. I have already boarded and strapped myself in ;) ...

jpbrown1023

I like this long here after a very strong selloff following the Boba airdrop. OMG is oversold on almost every timeframe as it holds above the long-term support trend. I'm loading up here!

jpbrown1023

I really like this entry here. ADA has a very oversold RSI at 16 as it runs into strong support and a trend that's been in play since the beginning of the year. ADA also has a history of strong bullish spikes when it gets this oversold, which makes this entry even more enticing. I'm long here.

jpbrown1023

I really like the potential of this long entry as TRON breaks out off of strong support. Reason being is that even if the price reverses after the breakout, good support is there. TRXUSDT has one of the stronger USDT charts out there following BTC's collapse. It could indicate that the bulls are ready to push the price higher. The only caveat that could foil this...

jpbrown1023

Taking a look at ETHUSD's log chart, I was surprised to see that the price action was holding steady above support within its ascending channel. The channel support goes back to the $80 low back in March of 2020. If ETH can stay within this channel, $10k is definitely possible by year end. However if BTC continues to sell off further, ETH will likely follow...

jpbrown1023

A quick post that I thought was worth mentioning. Tron reset the RSI correcting ~13% since last night. When I saw that it was sitting on a confluence of support level from several different trends, I couldn't control myself and bought some more TRX at this 222 sat level. Bitcoin just had a little shakeout to $46750, but maintained it's bull flag. If it can show...

jpbrown1023

Taking a look at the Bitcoin daily chart, I cannot help but cringe at the picture I see. We had a very strong rally back to $50k after our 50% fall from the high at $65k. But you can see the price action rounding as it approaches the neckline of the previous high, which to me means the bulls are either exhausted or taking some time before moving on up. However, I...

jpbrown1023

Get your Lambo pre-orders ready! It's alt season baby! Taking a look at the dominance charts for BTC, ETH, and the remaining alt pairs, you can see the transition that is happening. BTC's dominance is going down as ETH and the other alt pairs' dominance is climbing. You probably have noticed how well the alts were holding up in the most recent BTC dumps. This is...

jpbrown1023

BTC fell out of its bullish ascending channel which catapulted it from $29,000 to $50,000. It is currently testing the bottom of the channel which was support, but is now acting resistance. You can see the similar channel breakdown that Bitcoin completed in May to the left. Typically this results in further movement to the downside. Bitcoin has been very bullish...

jpbrown1023

I took a look at the Bitstamp ETHBTC chart and noticed that this current price action is almost identical to the one that played out in January of this year. As a matter of fact, we are at the very end of the fractal which suggests that next moves will be bullish. These are not always crystal balls, but patterns like to repeat themselves. Perhaps it's a glimpse of...

jpbrown1023

Keep your eye on Ark. It has a beautiful weekly chart that appears to have broken out of a 4 year wedge. It's a low cap alt so entering early could be very lucrative as this price could really fly! Just relax, hodl, and let Ark do the rest. The height of the wedge is 42x its current price to give you an idea of the long-term potential.

jpbrown1023

What's up Ethereum fans?! Taking a look at the 4H ETHUSDT chart, you can see that the price broke the uptrend which is usually a sign of a bearish breakdown. The trend which was once support is now resistance and is currently rejecting the price. Not good. However, you can see from the original uptrend (dotted yellow) that ETH broke down from it, and moved on to...

jpbrown1023

TRX isn't on many radars as it has been pretty dormant the past couple years, but long periods of low volatility often lead to powerful spikes. You can see the falling wedge in pink that TRX has been bounded by the past couple years. But Bitcoin's latest surge has brought some life to alts and has TRX knocking on overhead resistance. You can see that the weekly...

jpbrown1023

I've been waiting for this breakout. The price could move quickly once we get past that white dashed resistance area.