JBenavidez

JBenavidez Updated 

Right now we are consolidating at the 8600 level amidst a nearly 3 week upward trend. Pitchfork anchoring rules tend to be garbage in my experience which is why I use what works early on in a trend and that had paid off in the past. Our old fib top at 8447 fib has been tested and retested the last few days with fib and trend support converging later this session...

JBenavidez

My chart is busy, but I've had many of these support and resistance levels in place for some time. They have confirmed and reconfirmed themselves time & again. That goes for they key diagonals as well. I'll elaborate... The fib that we defined during the 2019 bull run certainly contributed to the current reversal we experienced at ~7373, but there were other...

JBenavidez Updated 

Bitcoin now looks bullish on all fronts and the parabolic sentiment that we saw heat up before the 27th of June seems to be ramping back up. Not only are we close to testing the $13,868.44 high we saw on coinbase, and the psychological 14k level, but apart from maybe a hiccup around the 16k level, there seems to be very little in the way of resistance on our way...

JBenavidez Updated 

Please note I'm working the Coinbase chart this week; more on why in my podcast / stream: "BlokSquawk". Bitcoin is in a downward trend right now, trading at around 7830. Let me just come out and say it first then I'll tell you why I think I am right. Ideally, you agree with me and we all fall in crypto-love. If not, that'll be your cue to tell my why you think I...

JBenavidez Updated 

On 26 May 2019 at 1600 hrs Universal Time, Bitcoin (Ref: Bitfinex; against the US Dollar) had a bullish breakout from the ~$7975 price point terminating at approximately ~$8787. At the time of this writing we can see here on the 4 hour chart that price is sitting at around ~$8758 and has been in a narrow downward consolidation since the 26th (3 days ago)....

JBenavidez Updated 

We have been in a strong upward trend over the last month with only a slight hiccup on the 17th where we dropped down to retest lows. this most recent push to the upside may spell a renewed sense of hope for the bulls but there is strong resistance up at $8186.70 which was defined on 16 May and again on the 19th, leaving us in some sort of wedge. We are sitting...

02:28

JBenavidez

COINBASE:BTCUSD www.tradingview.com Are we seeing the beginings of a reversal? I like doing my TA on the platform that I'm trading and I do do a bit of trading on GDAX/CoinbasePro. Lets take a look at the facts. Dow Theory requires higher highs and higher lows for a reversal from bear market to bull market. We have only seen lower highs and lower lows...