jpbrown1023

jpbrown1023

Looking at the daily chart, Walton has been in a downward channel (purple) since hitting its high at the end of January. Walton recently announced several strategic partnerships (CAAC and Alibaba Cloud), which caused a break from the channel, but it quickly returned back into it which is not good. But while I say, that there still is hope. The price is currently...

jpbrown1023

41.8% BTC dominance vs. 4.6% BCH Someone... anyone, please take the lead

jpbrown1023

Hey guys, here's an update on what I see on the BTG 4 hour chart. This coin hasn't done anything since it's pump in November and is in a falling wedge similar to BCH. Bullish divergence on the MACD and RSI. I think this coin could move fast. I'm setting a buy price beyond the pink trend line for confirmation of the breakout.

jpbrown1023

Looking at the daily chart, you can see that BCH price reversals are initiated by hitting trend lines. A hit on a solid yellow trend line causes the price to go up, while a dotted trend line or the top solid blue resistance line pushes the price back down. Where will the next trend line be? We'll see. We have a falling wedge (bullish) inside a massive pennant....

jpbrown1023

Looking at the 30m BTC chart, Bitcoin is looking very bearish. Yesterday's dump not only fell through our support line from February 8th, but we fell below the original downtrend line set from its all-time highs back in December. And if that were not bad enough, we formed a bear flag which continued into the price plummeting below to the $9300 support level. For...

jpbrown1023

Here are some patterns and trend lines that I'm watching. If you see something to add, feel free to share.

jpbrown1023 Updated 

Near bullish cross over on the MACD, triple bottom on the RSI (currently 24), falling wedge (bullish)

jpbrown1023

Looking at the 4 hour chart, DGD has completed a beautiful cup and handle and is currently sitting on the pink support line. We are now waiting for a confirmation break out to the upside. Dotted lines show potential areas of resistance on its way to lunar orbit. Please see my note on the head and shoulders if the pink support line does not hold. This is not the...

jpbrown1023

19 bar head height, means this could be a monster to the downside if the pattern completes. Keep an eye on it.

jpbrown1023

Taking a look at XVG on the 4 hour chart. Verge has been consolidating since it's massive run up in December. I see a falling wedge pattern indicated in blue. Price action managed to break through a resistance line about 2 weeks ago, which has now become support. If this support line can hold, we could start seeing the price squeeze with that upper blue boundary...

jpbrown1023

DGD has a nice cup and handle pattern showing. It has also been moving inversely to Bitcoin. Since Bitcoin is currently in a rising wedge, I am anticipating a price reversal to the downside here soon. This would in turn clear the runway for takeoff for DGD.

jpbrown1023

As you can see from Bitcoin's 4-hour chart, January 20th to February 6th's pattern has been mirrored so far in the chart February 6th to today's. I'm not sure if history is going to repeat itself, but Bitcoin currently finds itself in a rising wedge. Our last two attempts to crack $12,000 have fallen short and we have failed to make higher highs. We have more...

jpbrown1023

Bitcoin is looking good after breaking that second trend line, but there is resistance so wait on confirmation of the breakout.

jpbrown1023

Bitcoin has managed to break the downtrend set from its all-time high back in December. What once was resistance is now acting as support which is a bullish sign to me. We have a new trend line (in purple) is acting as resistance, but Bitcoin has continued to hit higher lows and as I highlighted in green, has formed a nice pennant. A bearish cross of the 50MA over...

jpbrown1023

Bitcoin Cash has a history of big pumps followed consolidating falling wedges. We just hit a key support line which has ignited two previous pumps. Will history repeat itself?

jpbrown1023

Bitcoin Gold is in a falling wedge and is currently at all-time BTG/BTC lows. It definitely needs some good news here soon. Looking for it to rebound here soon. I used some historic trend lines for this idea. I see the RSI falling to the support line before rebounding. Let me know your thoughts.

jpbrown1023

Looking at Bitcoin Cash on the 4 hour chart. You can see BCH has been consolidating since the November pump and formed a nice big pennant. It is oversold at the moment, hitting a historical trend line, and is in a descending wedge. Every previous time the price has hit the bottom of the wedge it has bounced. Looking for a potential jump to the neckline before...