jthrasher

07:45

jthrasher

Video commentary on what I'm seeing on Link today.

19:59

jthrasher

Daily commentary on markets

19:32

jthrasher

Commentary on Crypto and Legacy markets

07:51

jthrasher

Video of me rambling testing the recording feature. Also meant the "control" key not the "alt" key in the video.

jthrasher

Looking at the TOTAL cap one can expect one more wave down to complete this large triangle where it looks like we may go down to the 7.9xx-8k levels before we start trekking up post-halving. Granted, the Total cap could go down without Bitcoin falling that much but I think it provides a good roadmap where we go tag the respective .618s and bounce

jthrasher Updated 

Some levels and structure I'm seeing at the moment...

jthrasher Updated 

watching for breach of neckline and a close of at least a 4 hr candle below. Ethereum could very well be around the 150-160 level within 30 days if this pattern and its measured move materializes

jthrasher Updated 

Dump it

jthrasher

My short term bearishness is fading with each passing hour. Was sort of a time sensitive idea and muh boy T-bone slapped some sense in to me. This asset is a fucking Chad and can't be dumped. I think we consolidate for a while and ultimately make a large pennant (yellow outline) before breaking strongly upward. Lot of the levels based on line chart (closing...

jthrasher

just kidding, but damn it's pretty similar. Worth paying attention to if we break upwards out of this current coiling flaggy type pattern

jthrasher

Don't rule out the worst case scenarios

jthrasher Updated 

imo

jthrasher

wanted to post this because I see so many people commenting on and trading these patterns "incorrectly." I put incorrectly in quotes bc I acknowledge that it's subjective. This is ideal from a risk/reward standpoint. Whether one is right or wrong really doesn't mean that much in trading if you make a lot more money when you are right than when you are wrong (or...

jthrasher

Sell the neckline pullback. Good risk reward here imo

jthrasher Updated 

expecting right shoulder bounce here to top of descending channel, where we begin our new downtrend that takes us to around 7.5-7.6k.

jthrasher Updated 

If it can hold above this 272-ish level to close out the week I could see it going up to test the prior high in the low to mid 300s. If that breaks it looks like it could soar. I think it has more upside before major correction, even as seemingly overextended as it is. How it holds around this 272-275 area seems pivotal.

jthrasher

I believe we make one more slightly higher high before starting the next downtrend, which should take us anywhere between 5-5.8k before we begin our true moonshot over the next couple years

jthrasher Updated 

It don't think it will, but it may have one more small pullback and fill a gap around upper 18xx. Looks primed for continuation in strong move up over next year and onwards. Definitely a higher timeframe positional play