jackdavidpiney

jackdavidpiney

With all the doom and gloom I thought this might cheer a few of you up. Or explode your brains. Either way, enjoy.

jackdavidpiney

Ok here we go. Numerous long term bullish pennants developed using recent and historical price action - confluence. Two shorter term bearish wedges using current and historical price action - confluence. Uncertain times and longer term analysis unfortunately means that both bullish and bearish scenarios must be considered. Price is currently testing the top of...

jackdavidpiney

Fibs and Moving averages tell you all you need to know for long term targets. Short and Long. The 50/55 EMA will always be a key level, zoom out, go log, look back, you'll see why.

jackdavidpiney Updated 

Words

jackdavidpiney Updated 

After a significantly bullish 2 weeks many were excited to see us test the upper trendline. Unfortunately, we bounced off the lead 2 (Senkou Span B) on the daily leading to 24 hours of down-trend. This is significant because it forces us back below the 50 period MA on the daily & 300 MA on the 4hr. Why does that matter? It nullifies a huge bullish...

jackdavidpiney Updated 

TY to @bonavest for the help with Texas 2 Step

jackdavidpiney

Let's face it, this is still VERY possible. Almost uninterrupted bull run, volume decreasing, RSI rising too fast. A possible bearish shooting star. I am still a bullish bear, no matter where this goes, if you are smart, you win. ;) Sorry lads and ladies, I can't be all sunshine and daisies.

jackdavidpiney Updated 

Is it time? So many people still see 9-10k coming, I tend to agree.

jackdavidpiney

A daily and 4hr chart analysis. Daily - Bearish day after a bullish rally. Huge historical resistance hit. Possible retrace to 9-10k. Major support at 10k but a retest of 150 EMA, 9500-9700, likely. 4hr - If the Moving averages cross (Red and Green) expect trend reversal confirmation from 90% of analysts, including myself. My only concern at this point is...

jackdavidpiney

Bouncing on the long-term upper trendline, stuck between the 9 and 20 EMAs, also under a price action based horizontal resistance. I have placed 3 Fibos, 1 showing the possible fall, and 2 to support the possible trend reversal out of the correction. I am not making a move here, watching and waiting for confirmation either way.

jackdavidpiney

On the 1D BTC chart Another day of bullishness and so far in today's session we are looking strong above the 150EMA and the upper trendline. My only concern is the inability to close above 10,300. RSI has, at last, broken it's LH LL downtrend. Other than this there really isn't much to report. Just remember that we have seen similar action in the recent...

jackdavidpiney

Daily BTC market opening analysis. 4hr chart outlining the price action and what we need to see next. 4hr price action after today's daily close is bullish, although we opened below the previous candle we closed above and have started the next 4hr session strong. As you can see, after the TK crossover we have bounced around and confirmed short term support,...

jackdavidpiney

Can ETCBTC push another fib extension? A lot of discussion about the impending fork. Stay well informed! Caution always advised.

jackdavidpiney

Analysing the past 24 hours, mainly focusing the close of the day and the first 4hr candle. Today looked good for btc until 8pm GMT when the bears took over, volume has been on a steady decline and buyers just aren't up to the fight yet. My guess is that most of the buyers are not in btc for the long haul and are simply trying to stay afloat during this...

jackdavidpiney

I give it 3 more max days before we tumble. If I had to ballpark it. $6500-7200 horizontal I'm too optimistic about the future of BTC to call another 400 EMA breach

jackdavidpiney Updated 

Noting accurate Fibonacci retracement levels, 150 and 400 EMA and the RSI we can scout for the buys / the bottom. 150 EMA: As you can see, over the history of BTC, we regularly dip to and even pierce the 150 EMA, this is usually our buy signal. What doesn't regularly happen is a candle opening and closing UNDER the 150 EMA... (bearish reversal candle) The...

jackdavidpiney Updated 

"Do you see what I seeeeee"

jackdavidpiney Updated 

I expect stagnation and a slight dip in btc over the next few hours and BTS I assume will follow.