Jorji

Jorji

pure pattern play, looks very much like a bull flag. what do you think?

Jorji Updated 

Long channel for ethereum identified. Trading in channel until a breakout up for another surge, or a collapse into a bear market.

Jorji Updated 

A break of 3500 would confirm pattern, and a break downwards to 3200 and possibly lower as there is not a lot of support at these levels. Also consider BTCUSD is looking bearish as well, may mean an end to the bull market, or at least a much needed correction.(great time to buy!)

Jorji

if it goes over 260 we back in this shit baby. heiken-ashi candles low rsi, macd crossin tech comeback??????

Jorji

eth

Jorji

Barrick Gold -$22.88 (+0.22%) Fundamental: More stimulus is coming. especially with the 2k checks trumps demanding, that means more real inflation (fed reserves are not inflationary, stimmys are! - last stimmy cost the gov 300 Bil . This time is a higher amount, for a lower income bracket, so its reasonable to assume about the same amount ~ 300 bill...

Jorji Updated 

here's some monday afternoon bull chow for yall. lets see how this one plays out cup and handle forming on SPY

Jorji

imo Defi hype has died down, and now the next leg up will be pushed up by staking. Staking will be a huge market driver upwards due to millions of ethereum being staked, removing liquidity from the system and encouraging users to hodl. This all depends on the success of the eth 2.0 phase 0 deployment. Remember, weeks not months.

Jorji Updated 

Decreasing Volume, increasingly dire situtation now that airports are reducing travel, reducing airplane maintenance, a major source of income for Boeing. Possible retest of lows? give me your thoughts.

Jorji Updated 

Trend line has been rejecting the VIX on every dip on the S&P500. If the VIX shoots through the trend line, huge momentum has pushed the S&P through a resistance, and a selloff is incoming.

Jorji Updated 

this is pretty dumb. last times RSI was this high the stock made a 20% correction back to the mean ~$30. Also made tops in RSI in the daily time frame as well. Long time support in green, weak supports dashed green lines. Fundamentals: PTON sells overpriced electric cycling bikes during a recession. The market is as rational as a chicken without a head. PTON...

Jorji Updated 

Or How I Learned to Stop Shorting and Love the Fed. This channel will be the range the SPY travels within for May, until a breakout on either side. A breakdown would likely mean consolidation, but NOT a bearish signal unless carried by momentum, which seems gone now that the Fed is buying ETFs. There are plenty of support levels to keep the SPY sideways rather...

Jorji Updated 

Its clear that coronavirus will have a significant impact on US life, and as a result the US stock market. Due to the fed acting as a support buyer, there is now a ground floor for markets. However, the fed will not prop up failing businesses, rather it will act as a last buyer so we don't see a financial system collapse. This means that while the fed is injecting...

Jorji

Tonight, I wanted to do something a little different and look at crypto at a macro level, using the BitcoinUSD pair as my basis, since it is widely considered the "reserve currency" of cryptocurrency. I'm using Coinbase exchange, since it is arguably the most available to everyday people, so I can look at the broad sentiment of the market, not just traders, bots...

Jorji

Appears to be a pretty solid bull flag on BTCUSD. However, the formation does not confirm which way it goes. MACD is pointing towards a Bullish reversal, but its still bearish SRSI is indicates BTCUSD is oversold, which is bearish It is being supported by the moving averages, but I would short if it goes push down the 200 day not present on the chart since because...

Jorji

ETH is beginning to reverse. If the current trend continues, there could be a mark up to the .618 or .5 zones of the fib retrace. MACD is bullish Bollinger Bands are squeezing indicating price action is imminent RSI is neutral Good luck traders, not financial advice.

Jorji

ZRX continues to make consistent gains against ethereum. It has a stable support with the moving averages, and is approaching the resistance. If it breaks the resistance, it will go high. If not, it will retest the pennant, and shoot upwards or downwards. Only time will tell.

Jorji

Bitcoin recently ran up, and is now testing the 100 Moving average. If it passes the 100 day moving average, then It is going to run up to 10k, as there is no other major point of resistance. However if it fails, it will retest the support at around 6k, before being pushed up out of the channel, and towards 10k. I believe it will fail since the bollinger bands...