Jonty1985

Jonty1985

4H Kijun (updated crypto settings) is as reliable a dynamic S/R system as any, in my experience. Not magic, just maths.

Jonty1985

BSV breaking key HTF level from a bearish pennant. A retest in a few days could present a short swing setup.

Jonty1985

When weekly and daily trends collide... On a stop under today's bar if it closes like this. Maybe.

Jonty1985

For me, yesterday's bullish close was a conclusive argument against my previous short setup. The large IH&S might well play out. Waiting for an acceptable play to develop.

Jonty1985

An alternative interpretation would be a right angled triangle.

Jonty1985

LTF support at pattern boundary or apex, confirmed by bullish PA would be a HTF long play for me. Protective stop would be subsequent breakdown below apex.

Jonty1985

Could be putting in a higher low than December's, above an significant weekly support level.

Jonty1985

Volume seems to be presenting a bullish argument for this coin. The BTC pair is at support of a potential IH&S. If the latter patten breaks out, this symmetrical triangle could break away upside into a bullish trend.

Jonty1985

Other things being equal, the symmetrical triangle denotes continuation of the previous major movement. A helpful guide as to an advanced forecast of break-away direction is the pattern of the whole movement preceding the beginning of the triangle's formation. If the preceding move has been long and begins to show other signs of possible exhaustion, then the...

Jonty1985

Partial recovery is generally to be expected following the completion of a broadening pattern. In most cases, a rally will develop shortly after the level of the fourth reversal has been broken. This rally seldom gets beyond the half-way level between the last top and the last bottom of the pattern. When it works, this rare pattern is exceedingly important, and...

Jonty1985 Updated 

Downtrend. No HH until price breaks $10,000. Price rejected by 50MA (the 1D 200MA is at the same level). A close through $8,500, to break these resistances. The last two candles & volume evince very healthy momentum. Therefore: i. The MA resistances are unlikely to arrest momentum without their significance undergoing a more thorough debate. Assuming (i) is...