pjims

pjims

Hi there! I've been closely monitoring Bitcoin and here are my thoughts regarding possible next moves. I have highlighted three possible scenarios (green, orange and red). Any of these is possible at the moment and it's the market that has to decide. The key for bullish momentum is closing above the latest high at 9,500. This would indicate that this market...

pjims

Hello! I hope you're all fine. Looking at the daily chart of BTCUSD, the market is currently still very bearish but I can make a case for a potential long entry in the region of 7700-7000 if we get a confirmation in the form of a pin bar or a double bottom in the coming days. Why? 1. There are some old tops on the left that can provide support. 2. We have the...

pjims Updated 

Bitcoin is still very bearish as you can see from this chart above. The latest higher low on the 4H chart provides a glimpse of hope for the bulls but this needs to be followed up by breaking above downtrend resistance lines and horizontal resistance levels shown on the chart. 14,000 will likely to be the most significant level to break because it is where a...

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Litecoin has been making a series of higher highs and higher lows recently. At the moment, it is consolidating a little after making a significant move higher yesterday. We can see something that looks like a bullish pennant to me right now. I'm bullish on Litecoin but there are two likely paths it can take to reach its target price ($360). First, if it manages...

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EOS has started this year in a bullish mood. Currently, it's pulling back but there are many reasons to anticipate another move higher. Price has tested the 0.618 retracement relative to the most recent impulse leg and we can also see a bullish pennant pattern. What we are looking for is a break and close above the resistance line. The shorter-term uptrend line...

pjims

I decided to do some in-depth analysis on Bitcoin BITFINEX:BTCUSD (4H chart) and plot some possible future scenarios. First, we can see that price is currently moving up in an ascending parallel channel . Until this channel is still intact, the most likely move is up towards the upper boundary of the channel (21k - 23k). We could see a retest of 18k before...

pjims Updated 

IOTA broke out and retested the descending triangle. As we speak, it is making higher lows and lower highs on the 1H chart. Shorter term moving averages support upward movement as they are in the correct order (10 above 30 above 50). RSI level 40 is an important level to watch and this must not be broken for the new uptrend to last. Next important price level is...

pjims

Groestlcoin/Bitcoin pair is performing a bullish flag pattern on the 1h timeframe with possible up potential if the resistance line of the flag will be broken. More details on the chart itself. Thanks for reading. Have a nice day!

pjims Updated 

BITTREX:NEOBTC has been in a downtrend for a while. I decided to locate areas where it could possibly reverse. According to my trend analysis, it could find strong support around 0.00200 level (if not earlier) because that is where it would meet the mean line and major horizontal support. If it plays out like that, we could then see a bounce up to 0.00460. This...

pjims Updated 

The formation of the bearish ABCD pattern suggest that we may be seeing bearish price movement to the 0.618 Fibonacci level like we saw during the AB leg. If that level of support does not hold, next could be all the way back to the lower blue box (2600-3000 USD). If price continues higher (above 6200 USD), this pattern is most likely invalid. This is my very...