jefskers

jefskers Updated 

Exited a short trade I put on in the 8200 range in the 7900's for some lackluster profit. My reason for doing so was (given the higher lows) I expected this recent bullish impulse and now I expect it to go further before (again) being absorbed by the bears. I do not usually go against my longer time frame bias but I am today because it seems high probability...

jefskers

We are currently in a consolidation and many are accumulating at this area expecting price to rise and repeat the same behavior it did after the last descending triangle was broken. It's very possible that this happens again, but if that's the case I would expect a few more weeks of consolidation between the .5 and .618 fib retracement zones drawn out above. That...

jefskers Updated 

my bias is that we are still not completely done with correction. I expect that later in 2019. This bullish correction should continue. But I believe the correction from 20k should continue as well. every upward correction in this bear market has come up to the .5 to .68 region and I expect the same here. every correction has lasted around 27 or so...

jefskers Updated 

No telling how far this will go if it happens but I believe the high 4ks to be the next support. I say we follow the channel shown for a bit before we completely shake out bulls, that bearish formation could lead to a capitulation drop once the bottom channel support is broken which could be met by a strong bullish counter reaction. this space is full of...

jefskers Updated 

I think that the obvious move is to start accumulating here. RSI has been oversold on the 4 hr and is very close to oversold on the daily. momentum indicators are diverging bullishly and shorting even if potentially profitable is stupid at this point. I would personally start accumulating small pieces of my long position here and add as we fall or if we make a...

jefskers

this short seems like a very obvious play given the bearish divergence on momentum indicators and a strong bearish shooting star which is a classic reversal pattern, but I feel like theres a catch somewhere here: Either we will see a large consolidation that many will see as a bull flag and long just to get stopped out, or we will have another weak rally with...

jefskers

dollar looking good, strong bullish barrier triangle momentum looking good on mac D but conflicting rsi which happens from time to time after a large run up like we just saw. Any kind of a cool down after an intense rally will cause the rsi to show a loss in momentum because there is one compared to the prior surge. Seen these patterns play out endlessly and the...

jefskers Updated 

bitcoin is still volatile and making big moves, many think that we are in the beginning of a new bullish cycle as they always do when we rally a few thousand. They are not without reasonable belief as the weekly mac D shows a bullish cross incoming for the first time in a while and oversold conditions on the 4 hr and lower time frames which we should be bouncing...

jefskers Updated 

doesn't get much easier than this. signs of divergance on daily and 4hr, major resistances ahead and volume is lacking. The bears have been patient and cautious here but I believe major selling will occur soon. This is a perfect area to start layering shorts and I have already started to accumulate my position. I will be taking this trade without a stop loss and...

jefskers Updated 

Firstly, I would like to say that this is just a prediction and that I do not believe this to be the highest probability outcome (I expect there are plenty of analysis looking at exactly that already) but rather an alternative possibility to be aware of. Now ill make my case. Looking at the order books on Gdax Kraken and Bitfinex its very clear that there is heavy...

jefskers

RSI is oversold so litecoin should correct to the upside or consolidate but RSI is a gauge of momentum and a push into oversold territory for the 1st time in a while signals bears are in control. After the huge run up Litecoin saw with the news of the hard fork I expect a healthier correction than we have currently seen. The .5 fib is also a long standing support/...

jefskers Updated 

this impulsive wave up has been showing some tell tale signs of weakness. 1) macd bearish divergence on high time frames 2) price is bieng squeezed up into a bearish rising wedge 3) the order books on multiple exchanges (which are admittedly subject to manipulation) are showing heavy sell walls and thin buy walls making it easy for the bears to push the price...

jefskers

this scenario is a hypothetical one. the target is derived from the crossing point of the .786 extension of the entire 5 wave up and the sloping trendline support that we once again failed to break. In this scenario I assume that we have just begun the 5th wave of this massive c wave correction. the target buy/close-short zone is the price ranging from the 1.618...

jefskers Updated 

Litecoin looks to be making a very clear upward impulse wave. We have just ended the 4th wave beautifully, with a clear rejection on the last hourly candle that formed a bull hammer. Bulls and bears are fighting for control but if we hold above the support set by the end of the 1st wave we are in the clear and within the next few hours this control should be...

jefskers Updated 

Many bullish signals aligning here in augur: oversold Stochastic, MacD to cross soon, TD sequential indicator could be about to make a 9 and we are nearing the bottom of the support of this channel which, if you were to scroll out on the graph, is confirmed by numerous touches. There is also a fractal pattern that seems to be repeating itself on the lower time...

jefskers Updated 

an expanding diagonal looks to be forming in litecoin, the count could be seen differently, the A wave as the composite of the A and B that I have drawn but the current drawing seems valid considering we've broken and closed below the support line on a 4 hour candle. an upward expanding diagonal is a very strong indicator of reversal. The stoch rsi is showing we...

jefskers Updated 

verge is consolidating into a huge bulli$h triangle that has just now made it's 5th touch. Clear as day to see that we are at least headed to the top of the triangle within the next few days if not today. Bulli$h macD cross, oversold stoch rsi triangle confirmed by numerous touches. 1st target (.00001367) 24% profits to the top of the triangle within 1 or two...