JBCryptoKing

JBCryptoKing

BTC loves enjoying itself on the weekend. Ten days out from halving will be no different. Expect Darth Maul candlesticks, $200 spikes followed by immediate $200 dips. However, this can be played to your advantage if you use lower leverage with buys/sells set a nice distance from current prices. On a dip or pump the order will fill and you can have it preset to...

JBCryptoKing

Very simple. We have strong support meeting strong resistance at an important decision point this evening (or tomorrow morning depending on where you are). We will either bounce off support and continue rising as the halving approaches (I do believe we see a pull back right before or right after the halving). Or we hit resistance and take a tumble to the low...

JBCryptoKing

There are levels to this. End of story. In every epic ascension there are levels to it. BTC is no different. These levels may be expedited and bullish or bearish but they can be monitored very simply. As you can see BTC broke out last night and has been trending heavily bullish. It seems to be taking $150 leg ups before consolidating before another major move....

JBCryptoKing

Neckline pumps are dangerous as they are pumps that level off right below the prior major dump (then DUMP again). As one can see there can be 3 interpretations of where the last 'neckline' was. The highest being an even $10,000. BTC has been bullish going on 6 weeks and the only other time this happened BTC ended its run at almost 100% higher pricing than we have...

JBCryptoKing

BTC has been playing ping pong with support and resistance since March 16th. The $6800-$7300 range has been prime trading space. Longing all dips and shorting the tops when the pull backs start to occur. REMEMBER, BTC takes the stairs up and the elevator down. It is unusual to see hourly negative trends even if the daily trends are obvious. Currently we have BTC...

JBCryptoKing

There are competing trends happening in real-time with BTC. There is a bearish trend pushing BTC down from around $10,000 and a bullish trend building BTC up since it dipped to $3700. However, both trends have almost mimicked stock and equity market movements. It is likely this month sees many bankruptcies, higher unemployment and countries still stuck in...

JBCryptoKing Updated 

BTC has 2 competing trends that can be viewed, one VERY bullish and one VERY bearish. Which one will prevail? The question is not which one, but when will each one prevail. In the short term it looks like BTC has broken the bearish resistance. However, given the economic calamities the world is facing I expect BTC to quickly correct under the bearish...