jthrasher

jthrasher Updated 

Looks like a complex head and shoulders hybrid formation (head and shoulders within head and shoulders) which OG technical forefather Edwards says are often major reversals. Litecoin's previous bottom was almost a perfect .618 pullback of it's prior low so I'm looking for a short on a reaction with a target around the .618

jthrasher

Now that I've gotten your attention with a ridiculous clickbait title - I think it's still too early to write king corn off. Yes, there's a good case that it's a descending triangle, and yes it looks very similar to our December bottom inverted, but I think there's also good reason to believe it's simply a continuation pennant type pattern. I'm watching this...

jthrasher Updated 

Think there's upside here

jthrasher Updated 

I'm still unsure as to the higher timeframe structure but mid to lower timeframes look good to me. We are currently in an ascending triangle with bullish implications. The triangle's measured move is almost perfectly at that prior swing high. After that, our major resistance to break is around 10950 for a strong move up imo.

jthrasher Updated 

Watching TLRY for high volume neckline break. I like the looks of it so far. Strong volume bullish engulfing off the low there caught my attention.

jthrasher Updated 

Not taking a long on this pattern break based on the current bearish trend but if it continues to break up on increasing volume I may get interested. Will be watching for a potential short if it reaches the levels I've noted and appears to reject.

jthrasher Updated 

Oil diverging from the rest of the market positively the past few days. Indicators very healthy and clean pattern break on the daily.

jthrasher

Still in a pretty clear higher timeframe descending tri but could be a continuation/flag type formation. Bullish until the trendline for me at least

jthrasher Updated 

I think this falling wedge pattern was a re-test of the pattern breakout that launched us earlier this year. Volume has dried up and looking back at the ascending triangle type pattern it broke out of we saw massive, climactic volume there which appears to be a real bottom imo. Volume has dried up as we move to the falling wedge apex. Expect a move soon.

jthrasher Updated 

I've been getting less and less enthusiastic about this being a correction into more upside lately but the recent higher lows look sorta promising. There's a fairly clear ascending tri forming that needs to break and close above that 11.1xx level to signify bullish continuation in my opinion. We are also currently in a small ascending tri within the bigger ascending tri.

jthrasher

the lower timeframe structure on litecoin looks remarkably similar to the daily structure before it began its nearly 6x run. Litecoin bears expecting a top around the halving may be in for a surprise

jthrasher Updated 

Think the dogs being called off at G-20 is enough to get the indices pumping again. Only thing I'm leery about is the trade seems too obvious. News/event based trades have been quite strong in 2019, though.

jthrasher Updated 

Before the Ripple insider traders from the May 65% in 5 day pump dump on you. I'm pretty bullish XRP on the higher timeframes but this should be a good correction from this news pump. Especially now that king BTC is correcting again.

jthrasher Updated 

It failed the pitchfork break yesterday but if it can get over this 8k barrier and hold it's going to start looking bullish again. A break out of the pitchfork is a signal that the trend is changing (secondary trend turning back to bullish). The primary trend is still clearly up so it would be a good look to flip this secondary downtrend to up again. We are right...

jthrasher Updated 

I thought it would pull back to retest the ascending tri horizontal breakout level but looks like that prior swing high caught it as support. it may still drift back to it but it's looking strong. It was a nice breakout on good volume. Measurement resolves around that prior consolidation area

jthrasher Updated 

Just an idea but ETH led this little move earlier that is still currently going on after the Daily close. Maybe XRP pulls a similar move here

jthrasher Updated 

Now that a large majority has been succesfully bear-trapped, it's time for them to get punished. I feel like we'll be supported by the prior swing peak.

jthrasher Updated 

some levels if this continues to play out. bulls would want a high volume break of that neckline area to try to make a push back toward 8k