mljones

mljones

It's coming off the top of the channel so visually it looks like this would be a good place to take profits on some long swings I have. However the elliot count looks like it could have completed a 4 wave before the 5 which breaks out of the downward channel. I feel like this is the kind of place where I should just let my profits run because it could go quite a...

mljones

Using linear regression to find the channel trend lines it looks like BTC is still inside the downward channel and hasn't broken out yet. A lot of people are saying the bull market is officially here because it looks like it has broken out but it all depends on how you draw that top side channel trend line. So using linear regression to get a more objective line...

mljones

It just ran up and is chopping backwards looking for support. This is quite a bad area to trade in. Once it crosses the pitchfork median line it will make sense to look for price action that shows it is nearing a bottom. The support/resistance region around 1520 or so will probably be a good area to shift back to a bullish intraday bias and maybe even swing...

mljones

Coming off top of linear regression channel edge, only direction for intraday trades is down.

mljones

Nice job, dash. Up 50% in a day! Right now it looks like a short squeeze that will turn into an Eiffel tower shape, but if this has legs it might mean the rest of the crypto market is going to start making moves for real. I've built most of the position I want for the next bull market in eth and btc so I don't have to chase price, but spikes like this in dash...

mljones

I'm treating this bullish impulse with suspicion because last time eth shot up in a spike it ended as a dead cat move. The two boxes indicate potential measured moves, I want to give this move time to fail before trading it. I still think there will be more time to accumulate for the long term at better prices so the orange box is a timer to give an idea when to...

mljones Updated 

Eth is closing in on the edges of two parallel channels. These edges are where I'll be looking for intraday entries that could turn into the best trades of the week by waiting only for locations right on the extreme of the range. This can produce very large RRRs because the stop can be very small but you still have a realistic target that is 10x or more the risk...

mljones

It seems very bullish but is on a long TD count and it really would not be a surprise for it to compress the range and then head back to the support level around 3k or so, sometime in the next few weeks. Until it actually starts to reverse I will continue to have a bullish intraday bias on it but on the monthly chart it's starting to curl upward a little and...

mljones

I haven't had to update the chart on cl for a very long time. All it does is orbit 56. I would not be surprised to see it at 50 by March and back to 60 by May.

mljones

Using measured moves it would be unsurprising for it to reverse back toward the median line when it hits 9500. 9150 is also a potential danger line using measured moves. NQ has been moving mainly in impulse waves without consolidation. Even with the impending reversal zones it's hard to be anything but bullish on it. I have had good results using small stops and...

mljones

Using measured moves to find the WXYXZ waves it looks like the final z wave might have already been found, or at least if it hasn't then the low would be around 5750. This is in contrast to the previous chart I posted which summarized philakone's chart. In it he found the projection for the bottom of the z wave using internal elliot wave counts and found the the...

mljones

This is based on philakone's chart from the 24th. It's complicated but the basic idea is the region from 8400 to 9250 is likely to be toppy and there is still another major bear leg in the works that could take btc to below $5k before the bull market is official This is because according to philakone we're in a large wxyxz pattern and are still looking for the...

mljones

Have a limit order to buy at 0.016464 on Binance, this is the only crypto trade that interests me at the moment. Eth is seemingly on no one's radar, no one I follow on youtube has mentioned it in a very long time which means to me that it's an area to look to gradually accumulate. This chart is a follow up to the one I posted a while back to buy eth with btc at...

mljones Updated 

This is a manual strategy with ideas pulled from my previous chart showing how BTC responds strongly to the yearly December/January time frame. The rules are: 1.) Long only, stop is the low of the previous year. The assumption is the RRR will almost always end up much more than 3 since in the long term BTC is moving in exponential waves upward. 2.) If long,...

mljones

Lining up the two times it hit the 52 week low after making a major high gives a possible ghost bars pattern back to $20k. I don't really think it's going to anything close to $300k but the ghost bars show that the bear market we're in is not really unusual compared to prior bear markets and everyone saying BTC is dead will probably be proven wrong before the end...

mljones Updated 

Similar to previous BTC stategy except the rules are to buy twice a year instead of the start of the year and the stop is the 6 month low. Rules: 1.) Long only, stop is the low of the 6 month donchian channel. 2.) If long, sell on December 1 or June 1 3.) To get in again, wait until after the 2nd week of January or June and buy at market on a touch of the 16...

mljones

Many people have pointed out that BTC has a history of making a major chart transition at the end of December of each year going back at least to 2016 when it broke to the upside and never looked back. Then it made a major top around 20k around the end of December 2017, then a major low the end of 2018, and now recently it just crashed but snapped back the end of...

mljones

It's working its way out of a flat top triangle and in the near term is about as likely to break upward sharply as it is to fall back into the congestion range. There's really no strong trade to take yet for swings. Once it does break from the triangle it will probably want to swing back and tag the prior resistance line from above, that would be the ideal long...