jonnyaw

jonnyaw

BTC is currently at a critical juncture in the weekly time frame long term trend. Every time the stochiastic RSI has dropped to this level and consolidated it signaled and created a bottoming formation for long term buying. This is the best place for long term buyers and investors to buy since the last bottom in July. At the moment this is not a trader's market if...

jonnyaw Updated 

After that major capitulation, retest of the capitulation lows. The 4 hours chart is showing a strong inverse head and shoulders to push ETH to 4300 and above. 4300 first target would put us just above VPVR resistance where we can see consolidation before a leg up to next resistance. Follow and like, after the move to 4300 I will post an update for next supports...

jonnyaw Updated 

This is a brief analysis looking at volume-price action with a few indicators to help us see how this big move happened. And more-so how traders can use this in hindsight to be able to spot future moves. One of the greatest assets professional traders have is experience. Experience gained from reading, analyzing, and actively trading markets. Then the analysis...

jonnyaw

Here'a a view of my 4h chart with supports and resistances on the 15m chart. the short term view is more clear here. Check my previous publication to see the more midterm chart.

jonnyaw

ETH dropped down to 129 and made a strong bounce. A clear signal to go short is when the drop happens and there is no bounce. Just a bear flag that may move in a range until it drops for the next leg down. What happened here was buyers came in, or shorts covered, and ETH is currently retracing the drop showing short term buying pressure, and actually more...