Jeuvici

Jeuvici

D-Day: ~6th-7th of March Converging long term resistances x Intermediate support from lows (Denoted by green lines) Expect range-bound price action until then, unless we make any early breaks. If not, we are probably going to squeeze tighter and tighter on low volume before a full blown breakout (on confirmation with high volume).

Jeuvici Updated 

Dear all, the last time we printed a weekly morning star, BTC was in the 4K range last year after a selloff from 5K to 3K: When this was printed on the daily, we also saw a huge momentum swing to the upside after the selloff: Since then, we have never seen 4K again - price went up by about 350% to 20K before BTC sold off to 6K. A morning star is a bullish...

Jeuvici Updated 

Once again, short & simple morning star, this time forming on WEEKLY. Previously as linked, a morning star formed on the daily and price has since risen more than $400: If formed with price holding while closing the week in green on more than half of the body of the first red candle, I expect prices to continue trending upwards in weeks to come (albeit with...

Jeuvici Updated 

Short and simple textbook morning star pattern. Let's see how this plays out.

Jeuvici

We have fallen out of the initial rising wedge identified with not much continuation to the downside - instead, forming the first descending triangle and subsequently breaking up, thereby continuing the formation of a larger rising wedge. Currently, we are in formation of a second descending triangle. Key to note that descending triangle formations are usually...

Jeuvici

Once again, after segwit lock in, BTC has failed to reach new ATH. Low volume + divergences with RSI & MACD + possibly a formation of a H&S calls for some healthy correction before consolidating again. At these levels, any profit taking and selloff will result in heavy liquidation from those that bought at or near the top. Depending on how BTC holds up, we may see...

Jeuvici

We have seen multiple H&S forming on the chart. After segwit is locked in, if BTC fails to reach ATH and completes the last shoulder, I expect a correction down as per chart along with divergences from MACD and RSI to support the view.

Jeuvici

Expecting retracement/profit taking to bring price back to test support levels before going higher again.

Jeuvici

BITSTAMP:BTCUSD Too many head & shoulders patterns forming - we have broken uptrend support which fueled the recent selloff to sub 1850 levels. Sharp V shaped recovery in prices, to me, has yet to even retrace to .382 levels. The market is pricing in bip91 outcome among many others, while price has failed to break the new downtrend resistance again and again. ...

Jeuvici

At important announcements/changes in policies like the one today where BOJ implemented negative rates, it usually takes some time before the market sinks in the implications and positions accordingly. Currently, it is evident based on technical levels that USDJPY has touched the 116 important neckline (head & shoulders). Also, because of the surprising policy...

Jeuvici Updated 

CADJPY stalled at 0.618 retracement level of move from 87.4 to 78.9 To watch closely how the pair acts Similarly, RSI bearish divergence can be observed in USOIL The move up may just be a retracement due to oversold conditions rather than a reversal Expecting support/target levels on white support line, 83.16, 82.68, 82.12, 80.9

Jeuvici

Earlier I posted a CADJPY target for a SHORT, which did not meet its target. At this point, price has broken ABOVE and closed hourly above the downward channel resistance. With observance of a bullish divergence in RSI with price, a loss in selling momentum is seen. The CAD has depreciated the most in the past weeks, and is heavily oversold. Also, the JPY has...

Jeuvici

Likely to test hourly support again but weekly support in the way:

Jeuvici

Hi all, please see this chart first, and press the "load new bars"/play button and see how it played out: I recently took notice of such formations and have come to appreciate its usefulness. RATIONALE: When a pair trends in a certain direction, and such a formation forms, it usually indicates indecisiveness/loss in momentum of the prevailing trend, because...

Jeuvici

A bigger picture look of USDJPY from 2006-now has seen dramatic volatility due to divergences in monetary policy & global outlook, with the JPY correlating to safe haven flows in times of crisis and uncertainty. From this analysis we can see that from 2006 - 2012: There was a clear downward channel trending from a high of 124.14 to a low of 75.56. From 2012...

Jeuvici

It's a simple trade - keep a lookout for this formation! 9th December's giant candle, and the inside daily candle for 10th December. A close below the HIGH/LOW of 9th December's red candle can potentially spark a breakout in that direction next week! In this case a close below seems highly likely.. Good luck.

Jeuvici Updated 

Alongside my previous published idea: I mentioned that if the pair failed to break above 123.44 and close strongly, the pair would fall - and that came true. Currently, we are looking at how the pair retraces the recent leg down - and watch if the pair manages to consolidate back into the month long channel, or fails to do so. I am placing orders to SHORT UJ at...

Jeuvici Updated 

In the daily chart, UJ has been looking obedient in respecting Fib retracements, as from Dec of 2014, the low of 115.561 continued trending upwards to 125.856 on the 5th of June 2015, then subsequently retracing back to test the .764 zone on 24th August, failed, and then tried testing the .764 again on the 15th of October 2015, before resuming its upward...