jpbrown1023

jpbrown1023

I'm sure many of you are tired of seeing BTC dumping, but I think we might be nearing the end of the downward price action for the near future. Overall, BTC has dropped 35% since its April 14th high of $65,000 and this latest plunge has lost 28% within a week. We can see the dumps are getting shallower which might suggest seller exhaustion. Right now the price...

jpbrown1023

I decided to use the BTCUSD daily chart because I think it starkly depicted the reversal in momentum between the bulls and the bears. For the past year, BTC has been on a torrent bull run from $3,750 to $65,000. You can see that we consistently made higher highs and lows in price action and the MACD remained above the zero line for the entire run. However,...

jpbrown1023

Pack your bags! If history is any indication, I think LTC is getting ready for a monster move up. We have an almost identical price action fractal taking place around the same price range breaking out of a falling wedge. I'm already loaded up! Are you?

jpbrown1023

I love this daily chart on Ethereum. We have a bullish continuation breakout and we have surpassed the green key level of significance. If this breakout is anything like the last, ETH looks prime for a massive run! I'm long here.

jpbrown1023

I think this quick rally is a bull-trap setup. We've gained $7k in less than 24hours without any correction. BTC probably needed to reset the RSI before going down the next leg. This looks like a great place to short. My initial target is $43k neckline. I will reconsider this target after I see the price action.

jpbrown1023

I really like this entry on Stratis vs BTC. We have a bullish breakout on on the weekly and a bullish MACD about to cross the zero-line. I think the price could really fly. I'm long here.

jpbrown1023

I like the entry here. LTC broke out of its falling wedge and has formed a W reversal pattern. Up up and away!

jpbrown1023

I know a lot of people are bullish on ADA, but this TA looks bearish to me. We broke out of this ascending megaphone to the downside and have a big bear flag. The 4-hour MACD also looks bearish. I'm going to be the contrarian here and short especially with Bitcoin teetering on collapse.

jpbrown1023

I really like the set up here on YFII/BTC. I see a double bottom and bullish reversal as YFII's price action broke resistance which is now acting as support. I saw this exact set up with Bitcoin Cash prior to its pump. I'm loading up here.

jpbrown1023

I'm playing it cautious here and have moved out of alts into USD. BTC fell out of a rising wedge and has almost completely retraced its losses. However, the MACD looks weak and so does Bitcoin as it hits resistance. The whole market is contracting which is usually a sign of a pending big move from Bitcoin (up or down) Play this as you want, but I'll be on the...

jpbrown1023

BSV has a history of breaking out with huge volume and I think this may be one of those times with the start of alt season. It has a potential double bottom with a bullish MACD. I'm snagging some SV before it goes ballistic.

jpbrown1023

Momentum is really picking up here. You can see the parabolic rise starting to happen as it tests major resistance. Algo has taken this resistance level out once before and now it is re-testing it. If we breakout here, it's clear skies ahead!

jpbrown1023

BCH is one of few alts that has yet to have its own bull run against BTC. However, I love this daily set up. BCH broke out of its year long falling wedge and has been coiling up for what I think will be a big break out. Take a look at the massive bullish divergence on the MACD. I'm long here!

jpbrown1023

I'm being cautious here as BTC has had a difficult time getting past the $38,000 mark. Since the last time we broke $40k, we've tested this area 5 times and each time the price has been rejected. Looking at the one hour chart, I can see bearish divergence which is causing me to hesitate. One could argue that this divergence in moderate in strength, but seeing the...

jpbrown1023

Taking a look at the price action on the weekly timeframe, I've been noticing the bullish price action occurring over the past few months. The price has been primarily contained below the 800sat level since July 2019. Any breakouts beyond this level were only temporary and eventually were pushed back below this resistance level by sell-side pressure. However, not...

jpbrown1023

Nano is forming a massive bullish pennant on its USDT chart. Pending no BTC collapse, this bad boy should fly if it breaks to the upside. With the price hitting support and a possible L3, this could be a great time to take a long position on NANO. I am entering here with a stop loss just outside support. The previous L1 and L2 had wicks that dipped $.20-.30 so a...

jpbrown1023

Take a quick look at the daily chart for IOTA/BTC. The price has been in a descending channel since August of 2020 and lost 79% of its value. But since then, the price action has shown a strong bullish reversal taking out the MA50 and is now testing resistance. If we can break out here, I could see the price jumping very quickly. The MACD has cleared the zero-line...

jpbrown1023

This fractal has repeated twice before. I like this setup. I'm long here.