JimmyRuss

JimmyRuss

Bullish Pennant forming since the beginning of Q1 2017 with the Q4 2017 bull run overlaid as a loose future projection, which looks good based on how it plays with the Fibonacci retrace/horizontal supports from the previous two quarters. Notes: Price is still above Log support from Mid 2015. A previous bullish pennant can be seen playing out over a similar...

JimmyRuss

Big picture; Wedge pattern looks to be playing itself out. FIb retracements/psychology indicate strong resistance at 9k level. Price is still within pitchfork and ranging within its channels. Another pull back from 9K as shown on the chart before any sort of bull run takes off would be healthy. I am currently still bearish on BTC until this wedge finalises and...

JimmyRuss

yes obviously. This is for me to record my thoughts for future review. -Descending Volume since early Feb. - Bullish (1Bull) -Ascending Wedge - Bearish (1Bear) -Broken the first trend line yet has not tested it as support yet. (0) -Currently testing second trend line. However volume is low, not a sticking point, as the market looks yet to decide on a direction....

JimmyRuss

IMO chart looks bullish for a swing trade. Following reasons; -Bullish Pennant basically completed 4hr chart showing -ichimoku cloud twisted bull -50/200 EMA bullish cross -BBands tightening -Stoch RSI undersold Sentiment -Western Union confirmed testing with ripple -JP Morgan has pretty chart showing speed of networks with ripple at top TP 1 @ 0.00014 btc TP 2...

JimmyRuss Updated 

TP (Take Profit) NO. 1 @ $15850 NO. 2 @ $18240 NO. 3 @ $19900

JimmyRuss Updated 

TP (Take Profit) No. 1 @ $1350 No. 2 @ $1370 No. 3 @ $1385 Conservative take profits, not trying to hit the peak, going for just under to lock in profits.