JBeardsly

JBeardsly

we went up then down. simple channels...until it broke down today, below levels. What will come next!?

JBeardsly

We have a small channel upwards with BTC LTC trading pair. Waiting for the RSI and MFI to indicate a sell or another buy. We are going up though, small and steady. At least June has started on a positive note... Just an update. Be Safe. Happy Trading. -

JBeardsly

Following BTC LTC trading pair down this month. Accumulation trading. Buy the dips and sell the highs...but buy/sell when it resumes normal levels in MFI and/or RSI (bonus for both at once.) Signaled by the Green + & the Red - . Trust in the TA and find channels. Make it make sense, if it breaks watch the TA carefully. Sometimes you can grab a bounce off an...

JBeardsly Updated 

Accumulate more while there is a small channel down. Watch for it to break or bounce once it hits support. Quick chart. Be Safe. Happy Trading.

JBeardsly

Well We broke out of the down channel and had a short leg up as I posted about in my last chart. We can see that the small run up is followed by a tighter leg down. The big support signaled by the pink line is the big one. I am looking for it to make at least a short bounce up past .01600 atleast one more time if it is to test the major support. I am hoping the...

JBeardsly

So I zoomed out and drew a line. That line I cold repeat 3 times (heavy light blue line) and BTC LTC follow the pattern until it hits support at Pink thick line. Each time it hits support it has gone back up. I will be looking for that same bounce. It has hit the pink line three different times before hitting close to .01800 in return. This is the larger picture....

JBeardsly

As we can see the downtrend between the trading pair of BTC LTC dipped before it got better. It went down in the .01550 level and now is back up into the .01600's The Charts show a channel that broke the down trend and is setting for a small channel up for a tight run. Hopefully that was the bounce and we are heading upwards towards .01700 -.01800 like the...

JBeardsly Updated 

As the trading pair flirts with the lower support near 1580-1600 we see that it is in a solid downward channel (bold lines). Will it break down to 1500? Will it bounce? Only BTC and LTC (respectively) will tell us after the market figures itself out. Are they married or going through a separation? At a crossroads. It will either bounce up and now is a great time...

JBeardsly

There is a channel that is established in BTC/LTC trading pair. We are staying in the channels nicely. When we break up or down it seems to jump right into another one. The exception is a quick pop once it breaks the channels up (in this case) or down. Watching the MFI and RSI there seems to be smaller trades for day traders signaled by one or the other, but...

JBeardsly Updated 

This chart has many lines. Let me explain my TA. Looking at BTC /LTC trading pair we can see that we have been in a channel downwards. Within that channel has formed a smaller that looks like it could/could have broke out. There are different support levels within the channel that the price bounces between, as well as price levels that hold support and...

JBeardsly

While BTC LTC is heading downwards, we can see the channel and subchannels that the pair has traded within and has hit and reacted to each suport (dotted lines). While BTC and LTC are both respectively heading down, I expect to see this also continue until it something gives and we go the other way. Not sure where the bottom is, but will be keeping in mind thoes...

JBeardsly

Since the start of April BTC/ETH trading pair has been in a solid channel heading upwards. I drew in channel supports where it bounces between throughout the uptrend. As you can see (colorblind friendly TA) the channel has many different subchannels, but it is not close to breaking trend anytime soon. There is a support line (dotted line) that I created by...

JBeardsly

BTC / ETH waiting for action... There were 2 indicators, one MFI and the other other RSI. Both had buy signals slightly apart (not overlapping this time) and both would have helped you enter for profit before the MFI signaled to exit as price turned downwards. While there is room in the BB for a slight upward wiggle and the RSI did not indicate a sell it may go...

JBeardsly

BTC -2.58% is down on the MFI and RSI . This indicated that it is oversold and a buying opportunity may present itself shortly. When to get it?? I have circled, in green, where to look for the oppertunity to buy in to BTC -2.58% . When the MFI and/or RSI dip it is a signal to pay attention. Once levels rejoin the blue area (no longer oversold) then that is where...

JBeardsly

LTC/BTC Right Now So there was an entry point but it is near reaching the ovebought level and IMHO should peek soon as seen on the chart. The MFI is shoing that the limits are near for what the trading pair can do this short run. Looking at the chart I missed the entry this time around and will be watching until the next entry point as the best time to sell will...

JBeardsly

BTC to USD is near the bottom of the channel that it has been trading in for a short time now since the long downtrend/bear market. Just like the larger channel I posted when we were going down in the first part of the year, there is also an inner channel (blue) inside the main channel (orange). If we look at the MFi and RSI at the bottom we can see that it is...

JBeardsly

Despite breaking upwards out of the minor channel, BTC is in a downtrend in the big picture, well within the Major channel boundaries, still. Ups and Downs are normal. Despite going up in the short term, we are still not out of the woods yet and I would say we have another leg down before breaking out. A TON of hype lately online, but when they hype is over we...

JBeardsly

So, a lot of talk for breakouts online and explosions forcasted... but I think people are bored. While I do not have the experience to call when a break out or fall will occur, I can identify patterns and when to buy the dips. As you can see I have identified the patterns with this latest correction/down turn/bear market. Since we peeked and started marching down...