JakeChd

JakeChd

In my last post I suggested how I anticipated for us to see a reversal back into our 37.5/38k support (now resistance) Currently this is what is happening. That being said we could push all the way back to 40k. Very possible scenario. What im currently waiting for is to see a few 4H candle closes with bearish sentiment (ie wicks to the top). This will suggest to...

JakeChd

A simple chart break down of the current xrp price action/structure. Over all we are bearish of course. After the markets across the board tanking after various news releases ect this is where we are at. Currently the way I see xrp is that its tapped into a major area of support at .52/55c. For me we barely dipped into this zone and I expect for us to push down...

JakeChd

Following up from my previous analysis on bitcoin we can see how price has continued to tumble lower. The support level at 37.5 failed to hold and was broken with quiet high volume candles on the 4h timeframe. With this is mind im now expecting us to fall lower to our next area of support which also proves as a psychological level (30k). Youll tend to find that...

JakeChd

Ever since we lost the support at 58.5k we have been in a downtrend. 58.5k was a key level to hold as it was the last higher low that was put in before creating the all time high of 69k. (Personally for me on the weekly timeframe we created a double top which is a powerful reversal pattern. See previous posts...)We can clearly see from this point onwards we have...

JakeChd

Simple market structure using the weekly timeframe. If you understand market structure then you will understand my reasoning behind the analysis. If we drop and close below the weekly support then we go bearish. Atm struture is still buillish as the last previous higher low hasn't yet been broken. If we get buyers stepping in from here, once we get a close above...

JakeChd

The xrp chart looks fairly similar to that of bitcoin. As you can see the overall structure is bearish on the 4h. We had a strong push to the downside but bounced off the daily trend line at 0.75. We have since the pushed upwards where I believe we will see a retest of the breakout level 0.90. We have currently just had a double bottom form which is a bullish...

JakeChd

Following up from yesterdays analysis we can see that btc is slowly working its way back up to the retest level of the breakout at 54k. There may be a pullback along the way but looking good so far. After the big sell off price consolidated 2 days. Yesterday we could see some bullish candles forming + some kind of a double bottom pattern which led me to think...

JakeChd

Bullish structure on the weekly timeframe. The higher low that was created before making the all time high (higher high) is still intact. We closed with a strong rejection off the level leaving a big wick to the downside. To add some confluence the trend line is still intact. It seems to line up nicely with structure.

JakeChd

As your can see the overall structure of bitcoin is currently bearish. After such a big push down im expecting a retracement back up to the 54k range. This would be the retest level of the previous lower low that was created. In my opinion the structure will only turn from bearish to bullish if the previous major lower high is broke at around 60k. On the weekly...

JakeChd

Simple structure on the weekly chart for bitcoin. Support seems to have been found on the previous weekly higher low. To add some confluence to this bullish market structure is the trend line that we have pulled back to. The higher the timeframe the more powerful it is. A weekly close above the highlighted zone with a good wick at the bottom gives me confidence of...

JakeChd

A quick bit of analysis on shib. I expect more downside from here. The main support has been lost suggesting the next level of support is on the cards. We are currently retesting the 0.00006000 of support which can now turn to resistance. All eyes on shorts on shib

JakeChd

Simple analysis on Albt. After a down trend was formed on the 4h we can see how price has now violated structure with a strong bullish close above the lower high. Price is now pulling back and has potential for a double bottom continuation

JakeChd

Quant technical analysis. After making a new ATH we can see now that we are stuck in a range. The current support at $260 is holding well. I expect a strong bullish close out of the range to the push back into the $415 region. If support failed $180 would be back on the cards

JakeChd

Matic looking to hit a new all time high soon. Rinse and repeat patterns

JakeChd

Rinse and repeat patterns. Matic looking to make a new all time high

JakeChd

Bullish structure on dsla. Looking for a continuation from here

JakeChd

As we can see today XDC has been on the move after yesterdays big move to the downside. If we get a continuation with upside movement I expect price to push into the zones marked. The major areas of resistance will be the lower highs which I have marked on the chart. Currently the trend line has been broken giving us abit of confluence to a change in momentum....

JakeChd

As we can see today XDC has been on the move after yesterdays big move to the downside. If we get a continuation with upside movement I expect price to push into the zones marked. The major areas of resistance will be the lower highs which I have marked on the chart. Currently the trend line has been broken giving us abit of confluence to a change in momentum....