jnpTrends

08:09

jnpTrends

Hello Trading View Community, Thank you guys for checking out this idea on BTCUSD. If you find this analysis useful, support us with a simple "Like" or "Follow". Post your comment, ideas, or questions and check some of our other ideas on BITCOIN below. Trade carefully and remember these are just ideas, not trading advise.

jnpTrends

Stuck between the 20 EMA (purple) and 50 EMA (yellow) BTCUSD finds itself trapped within a significant support and resistance range (shaded area) when using the daily timeframe. As we can see, we've now also established a well defined downtrend using parallel channels, with its mid-point acting as another resistance point. So what can we expect BTCUSD to do...

13:49

jnpTrends Updated 

As we continue to bounce from support found around the 30K level, BTCUSD finds itself with a fight against the 12hr 50 EMA to try and reclaim 35K range once more. However, the bears seem to have the upper hand at the moment and are putting up a very significant fight. If the bears do indeed succeed, they could push BTCUSD back to do 30K and perhaps all the way to...

jnpTrends

After last night's drop BTC found good support at the S1 Pivot Point coinciding with the 100 EMA (orange Line). We are currently trying to re-test the 50 EMA (yellow line) but if we fail to rally above, we may continue down to our next support area of S2 Pivot Point, which is fairly close to what would be the target area of the head and shoulders breakdown...

20:00

jnpTrends

Today we've seen BTCUSD breakdown the neckline of the head and shoulders, fallen below 50 EMA on the 12 hour timeframe, pushing the price all the way down to $28800.00. But what now? We broke below all the previous significant support levels and fell below 32K range. Are we going further down or is the dump over? Well that remains to be seen, the bears have...

jnpTrends Updated 

BTCUSD broke the neckline of the head and shoulders pattern we've been discussing this week and now also broke below 50 EMA. We seem to be wanting to come back up and test the 50 EMA now acting as resistance. Not pictured on the chart we found support on the 4hr timeframe 200 EMA. This is a very crucial point for BTC to hold any hopes of a rally back inside the...

jnpTrends

With earning fast approaching next week, TSLA finds itself at a crossroad. But was does this mean? Well, for starters TSLA has been inside a very long ascending wedge pattern, recently touching the very top and being rejected there after making its all-time high. When the rejection occurred TSLA began to consolidate inside a small but well-defined triangle...

16:40

jnpTrends

BTCUSD seems to failed once again today to reclaim the trendline as support and we are now seeing more indications of a downtrend developing. 1. Price Action: After printing a significant red candle last night, BTCUSD seemed to as it was going to rally back up printing a nice bull candle during the day today. However, that candle was quickly stopped by the...

jnpTrends

BTCUSD broke the neckline of the head and shoulders pattern we've been discussing this week and found some sort of support on the 50 EMA. Currently we are bouncing back to see if we can rally above the trendline again. RSI has fallen below 50 and MACD continues on a downward trajectory wanting to cross the 0 level. Although the chart looks bearish at the...

17:40

jnpTrends Updated 

Hi all, As BTCUSD continues to consolidate inside a triangle pattern on the smaller timeframes, we saw today a pretty significant bearish candle form on the daily and 12 hour timeframes, all this while ETHUSD continued its bull rally with a phenomenal day. 1. Price Action: Our last 12 hour candle for BTCUSD brought the price action below the 20 moving average...

13:15

jnpTrends

Hi all, As BTCUSD continues to consolidate inside a triangle pattern on the smaller timeframes, I wanted to point out the possibility of a Head and Shoulders pattern developing on the 12-hour timeframe along with some other indicators pointing towards a trend reversal. 1. Price Action: Currently, BTCUSD is printing a doji candle indicating price is around an...