justsomeguy

justsomeguy Updated 

Pendant / equilateral triangle forming. Still no real indication which way it'll break. Definitely something to keep an eye on for anyone doing day trading. Long term traders shouldn't sweat it as 1h chart doesn't mean a ton long term.

justsomeguy Updated 

Looks like a pendant on the 1h chart. Should resolve itself in the next 5 hours. Given that it's on the 1h I don't expect the price shift to be massive, but it could still be a good setup for day traders. As for which way it'll break? Smaller time frames are bearish, but the 1h seems like it could go either way. P.S. Short term support at $61.25 for those interested.

justsomeguy

I've been selling these channels all night. Making 1-4% per trade. It may not seem like a ton, but it adds up quick. Figured I'd share if other people were interested. This is one of the very very few times I'd say it's okay to look at the 15m and 5m charts. But only for quick trades. Expect the market to make up its mind in the next 12 hours, and this chart...

justsomeguy

We've officially broken out of the longer term triangle we've been in since September. Still too early to tell for sure yet, but as of now things are looking good -- we've retested the top slope of the triangle 6 different times in the last hour and held fine for the most part. Definitely promising. The more times we do this, the more we consolidate it into a...

justsomeguy Updated 

Looks like we're in a new pendant. Should see a break before December 5th. Points to watch: Resistance 1: $63.70 Current top of pendant, will lower day by day Resistance 2: $62.50 Multi month support/resistance Support 1: $56.40 Multi month support/resistance Support 2: $54.75 Multi month support/resistance Support 3: $54.35 Current bottom of pendant, will raise...

justsomeguy Updated 

For those of you who followed my last ETH chart you saw we broke out of our short term triangle and got a nice bump. Well good news! There's a long term ascending triangle as well. And as long as we stay within it then things are looking pretty bullish. I'm guessing we see 400 by mid February at the latest, but possibly sooner (crypto usually moves faster...

justsomeguy Updated 

Ascending triangle due to break in the next 19 hours. Watch for a price move. Watch for what happens at $316.60. If that resistance turns into support there's a good chance we'll break upward. If we break under $308.75, our longer term support, then things could get more hairy.

justsomeguy Updated 

I expect to see BCH test the support at 1,170, and then 1,000 in the coming 36 hours. This meteoric rise is far too fast for my comfort. If it respects the support lines then I'll have more trust in it. But until then I remain wary. This smells of a pump and dump. All that said, 1h TA isn't exactly know for its reliability -- and our bullish EMA is looking...

justsomeguy

Here's what I see as possible support points. Keep in mind these may turn into resistance points once we cross them. 62.10 61.40 60.60 58.35 56.50 54.70 53.40 Personally I cashed out at 60 and am waiting to see where the fall stops.

justsomeguy

So yesterday I proposed a channel. Without putting too fine a point on it: I was wrong. The channel itself was correct, but I missed the outer one. That's a risk of working off of limited data, and why I generally try to avoid working with the hourly too often. Here's a second attempt. It still has some of the weaknesses of the first (limited data) but seems...

justsomeguy

Take this TA with a pinch of salt -- trying to extrapolate off of a 24 hr period is a bit silly, even before we factor the 2x stuff into it. I usually look for more long term trades, but found this interesting so figured I'd share it. With those caveats out of the way, we seem to be in a nice upward channel in the past 24 hours. Next resistance point is around...

justsomeguy

We've been in a channel for about 4-5 months now. Every time we hit the top, BTC heads back down for a bit before recouping. Segwit2x makes predicting this stuff super difficult, so nothing is for sure. But personally I'm selling half my holdings at 6400.

justsomeguy

We're coming to the end of our 2 month triangle. I'll be looking for a clear break sometime in the next 100 hours. That presumes trade volume will increase, but in general it's fairly reliable. Support 1: $55.85 (weak) Support 2: $55.31 (weak) Support 3: $55.00 (strong. This is the bottom of our triangle. If we break and hold below it then we risk a large...

justsomeguy

Full disclosure: I don't currently hold any XRP. I am, however, strongly considering buying a bit to play around with. We've seen some pretty solid upward trends for the past two months. Higher highs, and higher lows -- what's not to like? If these trends continue to hold we should see at least .23 by the end of the year. $0.195 Decent looking support, but...

justsomeguy

Full disclosure: I don't trade DASH. I was considering buying into it tonight, but after looking at the chart I think I'm going to wait. DASH has been on a downward trend for a while now. If we don't break out above the current triangle in the next week then we risk re-testing $242. Good news is that resistance level seems pretty strong so I have a hard time...

justsomeguy

So we managed to break that ~$55.60 line I mentioned yesterday and it's back to being a support. And then we got the bump. Awesome! What's less awesome is that we have a new short term triangle developing, and it has less of an upside than our long term one. But don't panic yet -- there's still a good chance that we can break out of it upwards and then test...

justsomeguy

The good: Bottom of the triangle is holding, basically to a t. This means despite the sudden dip we're still within safe territory, and will probably see a $2-$5 rally sometime in the next day or two. The bad: We've fallen through both of our higher supports. Even worse, $55.60 has turned from a support into a resist. That sucks, but at least it's still...

justsomeguy

Those of you who saw my chart yesterday know we correctly called the bottom AND the bounce back up. This was done with simple triangulation...two weeks ago. So it's not all about the fancy TA tools. So where are we now? It looks like we aren't going to break out of our triangle yet, so expect some more ups and downs. These should resolve before November 4th,...