JohnNMex

JohnNMex Updated 

Rising wedge + rejection at the 0.65 + hidden bearish divergence on the Daily and 3D chart on RSI.

JohnNMex

TRX had all the ingredients for a nice move up but it didn't happen. We have a W bottom on bollinger bands, bullish divergence on RSI and a break out from the descending channel but the volume isn't confirming it and the hidden bearish divergence on RSI is not good sign for the bulls. So, if you want to short this the SL must be set at the high where the hidden...

JohnNMex

On all the time frames from M30 to H12 volatility is very low but on the 4H it hasn't been under this value since Jan 2017 so we expect to see high volatility in the next 24-48 hours. How can you trade this? You use Stop Buy above the upper band and Stop Sell below the lower band. This is not the most accurate strategy, usually there are fake-outs so don't forget...

JohnNMex Updated 

SEC's decision is coming at a crucial moment from a technical point of view. BTC had 4 failed attempts at breaking 6k and now, as we are approaching the SEC's decision, BTC is going for the 5th attempt at breaking 6k. For the last 9 months BTC has been printing an uninterrupted series of lower lows and for the last 7 months it has been printing a huge descending...

JohnNMex Updated 

We are still bearish on BTC and we will be until we break the series of lower highs on the daily TF or until we reach the first target for the potential low of this bear market 5300-5177. (the second target is between 3000 and 3300). Now we are correcting the fall from 7429 to 6119 and we couldn't even make it to the 0.382. Usually when BTC is trending it has very...

JohnNMex Updated 

Today's volume was big compared to the last 120 days but the change in price was TINY. This means that someone absorbed all the ETH that was dumped today. Besides this, for the moment we have a bullish divergence on the daily timeframe on RSI and MACD. In addition to this ETHBTC is at the confluence of horizontal support and diagonal support and on the weekly and...

JohnNMex Updated 

The price got rejected at the 0.65 retracement level which is a little bit above the resistance of the rising wedge. If this pivot high holds the first zone for the next pivot low is 5280 - 5150. Sometime between the 11th and 19th of Sept we expect to see a change in trend direction.

JohnNMex

What is telling us that the chances of going down are higher than the chances of going up? - since the pivot from 5858, BTC has created a huge bear flag on the daily chart. - on the daily chart Stoch RSI is very overbought. - on the 12h, 8h and 6h chart we can see hidden bearish divergences on RSI. Volatility hasn't been so low since feb 2017 so when BTC will...

JohnNMex

We found a very interesting time correlation between Bitcoin's lows. By measuring the distance in time between the low from the 12th of Nov 2017 and the one from the 6th of Feb 2018 and projecting the 0.618 (1.618 on the chart), 1 (2 on the chart), 1.618 (2.618 on the chart) and 2 (3 on the chart) extension you could have anticipated almost the exact dates at...

JohnNMex

After a 428$ rise in one hour with huge volume only ~10% of the shorts were closed and because of this we believe that the sentiment is very bearish. From a fundamental point of view this could be because all ETF's got delayed or denied and people expect ProShares to have the same fate. The rise in price is in tone with our analysis on the daily timeframe. We...

JohnNMex Updated 

In our last update of "Take partial profits because this is not the rally to the moon" we told you that shorting the breakdown of the pennant won't be a great idea because 0.5 could offer support and this is exactly what happened. We had a nice breakdown with HUGE volume but the bears got exhausted quickly (maybe because there were a lot of bulls waiting for their...

JohnNMex Updated 

If you listened to us and bought at ~ 6k you need to understand that this is not the rally to the moon. This is only a correction of the impulse down. We took partial profits at 0.236 and we will take full profits around 0.382. If the price goes higher, we will start accumulating shorts between the 0.5 and 0.65 with a SL placed 50$ above the 0.65. Our proposed...

JohnNMex

We are searching for a good short entry for ETH. We believe that there is another impulse down to at least 200 and we have 2 selling zones marked on the chart. If the pivot from 277 doesn't hold we will have a good buying opportunity at 269 (0.65). If one of these pivots holds we will sell/tp between 330-340 and 365-370. So our main trade is the SHORT but if ETH...

JohnNMex

We've highlighted this symmetry 2 weeks ago and we are getting closer and closer to the target. We expect to see a major price reaction at 5177. We believe that now we are correcting the impulse from 8313 to 5858 and after that we will be going to 5177, the final target, probably the last low of 2018. Everything lines up perfectly and wolfe wave gives us a very...

JohnNMex Updated 

The bears are getting weaker and there are 2 things pointing to this: 1. even though we had 3 lower lows (6128, 6008, 5858) the distance in time and price between them is smaller compared to the previous pivots and the bounces from each low are bigger too 2. bullish divergence on RSI and MACD on every time frame between H3 and H12 On the M15 time frame we have a...

JohnNMex

As is the case with most of the altcoins, eos is in a downtrend that started to accelerate but even in a downtrend at some point (most of the times can be anticipated) the price stops falling and recovers a bit. For now the price stalled at the 1.272 extension of the first down impulse which is just above a previous support/resistance. For us there aren't enough...

JohnNMex

In our last TRX update we said that the next good buying opportunity could be between 354 and 335 but since then we changed it to 315 because of the lack of confluence between horizontal and diagonal support. Unfortunately the market completely ignored this level and it fell right thru it. Even without looking at ADX we can see a clear acceleration of the...

JohnNMex Updated 

ADA created new lows and is now between support and resistance. We could see a bounce right from the median line to retest the previous support and confirm it's flip to resistance. We have a very small bullish divergence on the MACD but it could get invalidated very easy if we fall a little bit more. Except from the price's reaction to the median line there is no...