JayLee

JayLee Updated 

With the amount of uncertainty of Coronavirus fundamentals moving the market. There is no TA on the planet that can accurately gauge where the market will move next. Here I have taken the 2 most probable scenarios in hopes that you may be able to plan your trades and hedge against volatility. First we will look at the bearish ABC shown in Red. BTC has...

JayLee

Momentum seems to be fading as BTC pushes higher on less volume. Previous buys in the 3500-4000 range could be partially liquidated around 6000-6200 level with a possible over performance to the $6500 level. The bulls will be met with strong resistance between 6000-6500 and unless we see a significant push in volume, I don't think we will break this level. If...

JayLee

Many people are looking at the larger ABC retracement on BTC right now, the price action does not seem to be supporting this scenario currently however. We are down to the squeeze on this pennant pattern on the daily, the next 4-5 days will be crucial. I personally see the 3rd wave of our first impulse move out of this correction starting to develop.. but only...

JayLee

ETH held itself pretty well during the market correction.. but now that BTC and the Alts are starting to ramp up.. ETH is showing definite signs of weakness. Red line shows us a "Lower high" on the daily chart with pathetic volume for the last 6-8 months... I see a drop to at least the 0.045 level.. We will need to watch closely at this price level, as there are...

JayLee

LTC has formed 2 distinct upwards channels over the last year or so... Each time we break the center line after an ascending wedge pattern we have seen a MASSIVE breakout to follow... LTC is again in the squeeze zone... I'd be jumping on some LTC asap! If the buy pressure is high enough we could even see it break the upper trend into the 15-1800 then come back...

JayLee

I see this as a likely scenario considering that VOLUME for the last few days.. This also coincides with Clif High's "13,888 Floor" for Bitcoin around the end of feb following a breakout from this downtrend. Pure speculation here of course... but Ol' Clify has been pretty bang on about this crypto stuff lately. If you don't know who he is.. search youtube.. and...

JayLee

Made a decent technical play on this one already with a sell order at 0.0072 and a low buy at 0.0049 that wound up hitting on the hammer. Looks like it is holding this channel, and next move up should put us at least in the .009-0.01 range if it doesn't break out of this pattern completely (which I am totally expecting).. Staggered buy's would be a good...

JayLee

This chart is forming a nice ascending pattern. Its at a good buy zone with lots of volume now for the next wave.

JayLee

Price seems to be railed to the downtrend line, previous resistance at 450 satoshi level lines up with both Fib and previous uptrend line. This support was only tested once, so could be weak.. But I like the convergence of the 4 lines (Up/down trend + Fib + Resistance/support) on this chart for a solid buy. Looking at a buy zone between 400-500 satoshi within...

JayLee

I'm fairly new to trading, but I have noticed this uptrend pattern has been broken on verge. Looking at the downtrend, if the price breaks the current support I see a possible buy zone between these two support zones/fib levels. I'm pretty bullish on this coin still, and will be looking to add to my position around these levels! Would love input from more...