cryptojamey

cryptojamey

So we felt like a rock today. Something i've noticed in this drop is that it looks pretty much like the June drop. We've done the first blue part and are now hovering around 6350-6380. I guess we are going to see another drop the coming hours towards the June lows before making a little bit of upside movement as shown in the orange ellipse before finishing it off...

cryptojamey Updated 

Over the past couple of days, we've seen some green after a long downtrend. No big surprise.. Remember, it doesn't go straight up or down. It comes in waves with corrections. The only thing we do whenever we correct is resetting the indicators/oscillators to allow them to go even lower or higher. The biggest challenge now is getting above 6800. If we break above...

cryptojamey

So we've got some ups and downs over the last couple of days. Yesterday we broke down and are now making a bear flag formation which has high chances it will break down. If it does, it will go to around 5400-5600 before finding support. From that point, there could be another big sell off to around 4800-5000 before going in an uptrend. Also read up on my analysis...

cryptojamey Updated 

So we've broke out of the big bear flag on the left. No big surprise... Followed by a big dump, some consolidation and another dump. After that we've got a pretty good green candle with some good volume to back it up and pushed us back to 6200. There seems to be a lot of resistance at the upper yellow line at $6215 and wasn't able to pass it. Then we've got a...

cryptojamey

As you can see in the chart, both look pretty much the same. So it could make another bear flag to make lower lows.

cryptojamey Updated 

As you can see on the chart, we've had 2 big bear flags and the've played out exactly the same, both went down. Take a look at the ellipses drawn on the chart. For both bear flags they've played out exactly the same (until now) and will probably follow along for the last drop. Do it think it's over after that? No, probably not. $5K target is still active. I think...

cryptojamey Updated 

Here we go, we've broke down of the bear flag as expected and we dropped quite hard. So, we've found support on the blue line. We've bounced of it previously (yellow circle) but will likely break trough that support line aswel. But before we do that, we are probably going to consolidate for some time there and retesting the line a couple of times before braking...

cryptojamey Updated 

Today we've got some bad news (Bithumb hack), followed by some good news (Tether) which caused the price to move up and down (besides the fact that there is some sort of manipulation in it). But the fact is that we are still in a bear flag and haven't broke out yet. Unless there is a catalyst (BTC ETF), i don't think we will break out positive out of this bear...

cryptojamey Updated 

TRX in a ascending triangle. Probably going to break out bullish. Could also break down if BTC breaks down in the bear flag.

cryptojamey

So i've recently made a post on why BTC is going to $5K before going up. If you haven't seen that, i highly recommended you to check it out. There will be more information to back up this post. You can find it here As you can see, we are in a down channel now. At the end of the channel there is a bear flag which mainly breaks out to the down side. 20% chance to...

cryptojamey Updated 

XRP forming a pennant. Now testing the supportline of the pennant. I think this will break trough and test the 7K sats line. This all depends on BTC's next move witch might push XRP further down.

cryptojamey Updated 

So we've just broke the bear-flag. In my opinion just a short term pump (and probably dump). Kind of crazy how people react to one green candle after a huge dump before. Personally, i'm still waiting at the side line to wait for more confirmation before i make any decision. So for now, probably going to stay inside the red channel and high chances it will go...

cryptojamey Updated 

BTC shorts chart making a cup and handle formation.

cryptojamey

Taking a look at the weekly Bitstamp BTC chart. High chances we are finding support on the blue line witch is arround the $5K level. Also look at the 100 week moving average, matches up perfectly. Also take a look at my other ideas where i've worked out why it will find support at around $5K before going up.

cryptojamey Updated 

Little correction of the recent drastic drop the past couple of days. Still going up in this ascending channel and retesting the bottom of the support line and the 50 hour moving average. Needs some up movements to stay alive or we will retest the blue line again with the rist of falling trough. This weekend will be critical for bitcoin to make decisions to go...

cryptojamey

Moving averages are one of the most used and effective indicators when you do TA. Reason, everybody uses it. The more people use a specific indicator, the more effective it it. As you can see, we held many times on the 50 week moving average (red line) witch also acted as a good resistance. The next big moving average is the 100 week moving average (green line)....

cryptojamey Updated 

ICON seems to be ready to get a push back up if it could find support arround 29k sats. If ICON fails to hold here, we might be able to pick ICON up at the 25K sats range. Also notice the RSI, it is arround the oversold side.

cryptojamey Updated 

So, recently we broke down on the pennant everyone was watching. As you can see in the chart above, it might break out bullish. Time will tell