jpbrown1023

jpbrown1023

Taking a look at Dogecoin's weekly chart, I like what I see. The price is in a massive pennant The weekly MACD is curving at support and as history has shown 5 previous times before, when it has a bullish cross over the signal line the price tends to pump hard. My primary target is the first target at around .00000109. This has proven to be a strong resistance...

jpbrown1023

Looking at the daily chart, I see a big pennant forming. We have three consecutive lower highs and higher lows. It's a nice set up to go either way. Personally I feel that we have to correct more. Not to sound like a perma-bear, but after gaining nearly 5x with very little correction makes me suspicious of any further upside until we retrace a little further....

jpbrown1023

Looking at XRP's daily BTC chart, you can see a giant pennant that spans over 21 months and has heights of .00017 - .000215. That sets up for massive targets. We have a bullish cross on the MACD , and XRP has held up this entire BTC dump. Both of its USD and BTC charts are sitting on strong support levels. I think this bad boy is ready to kick start the alt party....

jpbrown1023

This is pure speculation, but if we get another XRP run like that of 2017, I think we could see some of these numbers. Oh please XRP! Repeat yourself!

jpbrown1023

Gold has been hot of late. The weekly RSI is over 83 which has proven to been a strong resistance area. The price action is hitting some resistance as well. I'll be looking for gold to pull back soon to rest temporarily before it shoots for $1800.

jpbrown1023 Updated 

I was comparing the 2017 bull run to the 2019 bull run and found some similarities. If we were to follow the same pattern after the parabolic blow off, I think we are still correcting and may have quite a bit to go. I know a lot of people are very bullish right now. But consider that BTC gained almost 5x with only a .38 Fib retracement. The MACD and price action...

jpbrown1023 Updated 

I think this is a good short opportunity for BTC. It's about a 9.14 risk reward ratio. If BTC were to break down from here, we could have another sharp fall to the bottom of the channel like it has done twice before. This would be a significant correction of about ~33%. The indicators show bearish divergence and the price has fallen back into the channel. We are...

jpbrown1023 Updated 

Looking at the 4-hour chart, I'm still under the belief that Bitcoin is correcting. The current price action is right on 100MA which has rejected the price 2 times before. We'll see if it can make three. I think a breakout above this level to the 200MA would be a positive sign of a short-term reversal. The top of the channel would be the key resistance level to...

jpbrown1023 Updated 

Bitcoin has had a nice rally this past week, but it has failed to break a key resistance level for the second time. The 50MA is also overhead resistance at the moment. The smaller time frames look much better than the bigger time frames. I see the MACD has dumped into bearish territory and now is facing several converging resistance levels. With the price action...

jpbrown1023 Updated 

I have been eyeing this trade for a while. This is a great long entry point. Bitcoin is having a healthy correction and the alts are turning around nicely for a change. I think once XRP takes off, we'll just hold on for dear life until we hit lunar orbit ;) But be aware of the white trend. The two previous times XRP went vertical, the patterns went to completion....

jpbrown1023 Updated 

In my previous XRP post, I anticipated it would take until mid-August before we had the massive breakout that we are all waiting for. I think this MACD pattern supports that theory. Also, notice how all the areas identified hit the same price levels they did in 2017. If I'm right, XRP could lose quite a bit before liftoff, potentially more than half from its...

jpbrown1023 Updated 

I'm sticking to the trend and saying that Bitcoin is still correcting. After looking at the daily chart, I noticed that the price action was catching resistance at the dotted white trend. This acted as support on the daily candle two weeks ago. But since we broke through this support level, we must consider it as a probable resistance level. If the price manages...

jpbrown1023 Updated 

Looking at the daily dominance chart for BTC, you can see the resistance area we are currently hitting. There's a bearish cross on the MACD and you can see bearish divergence on the indicators. I think we may be seeing signs of reversal upon us. The alts have hit new all-time lows with little relief at all since Bitcoin began its bull run in April. And with the...

jpbrown1023 Updated 

Looking at Silver's weekly chart, it has finally cleared the overhead resistance that's been keeping it down for years. I think long dormant bulls came to life with the Fed's recently stated intention to raise inflation (yes, as backwards as that sounds, that is what was said). Rising inflation = weaker dollar = stronger precious metals. Silver tends to be more...

jpbrown1023

Since clearing the $1350 barrier, Gold is looking solid. And with Fed Chairman Jerome Powell stating he wants to lift inflation , it's even more reason to long precious metals. I'm long here.

jpbrown1023 Updated 

Looking at the daily chart for PAY/BTC, we can see a massive falling wedge coming to completion. Using the wedge height to determine the target price, you can see we have a massive target ahead of us. Remember that this is a long-term target that I imagine will take us into next year, so do not expect us to hit this overnight. But it is a huge target nonetheless...

jpbrown1023 Updated 

Looking at the BTC 4-hour chart, you can see that the price has remained in the pink channel since BTC started its correction. It has failed to make a higher high after several tries. Each attempt has been met by resistance at the top of this pink channel and has failed to break through. I think this is significant. If Bitcoin fails to break this channel, we may...

jpbrown1023 Updated 

Looks like an incoming Wave C of an ABC Elliott Wave correction. I'll be looking for support around the $9200 area.