jonathonsnell23

jonathonsnell23

Hello Everyone this is my 2nd post for the day as i looked earlier at BTC futures chart and pointed out the difference of charts between spot and futures as futures didn't dip below 9k this weekend since it was closed. We are showing lower levels of selling pressure on Market Cipher B but as noted on the chart this is non existent on the futures.I Will be keeping...

jonathonsnell23

Good Morning Everyone I hope you enjoyed your weekend but you already know what time it is as keep in mind normal markets close early for the 4th of July on Friday. Back on BTC I'm currently looking at the BTC Futures chart and comparing them to the spot price on Coinbase/Bitmex. Futures have a obvious downtrend just following the 21 EMA down and as of now are...

jonathonsnell23

Showing clear Bearish Divergence on Market Cipher 4 HR but bulls are trying to flip the shorter time frames bullish but the buying pressure is underwhelming as I'm currently writing this. Neutral as of now but my Bear Signal will be a break below our 6400-6500 Support and my Bullish Signal will be finally breaking and closing a 4HR candle above our 6900-7k...

jonathonsnell23

Looking for a long to the 10.8-11.2k area before starting a short position to ride this puppy below 10k again!! Learn to be a trader as this comment is more aimed at the guy poking at the traders and only thinks longing is the answer that posted earlier today

jonathonsnell23

BTC is showing clear bullish divergence and showing upward bullish support around 8170-8180 area. If we break the 8310-8320 area there should be a nice bounce to the 8450-8500 where the moment of truth for BTC will happen. If bears take over expect support around the 8050 area with the typical 8k psychological support. Until either of these options occur we will...

jonathonsnell23

Bearish engulfing candle started a liquidation hunt on the over leveraged bulls today but from looking at the charts it may be a great area to start buying BTC again. 8100-8200 is holdings strong and points to test 8350-8400 which should dictate our short term movement based on its reaction as old support is now resistance. I do not recommend using leverage as...

jonathonsnell23

Based on my analysis of the 4hr chart we have had over 24 hours of consolidation trading in a very tight range! I have opened up short positions at 3,750 and 3,724 for a goal over covering around 3600, if BTC happens to break the 3600 area i expect a bounce from testing support levels at 3500. With that in mind when closing my short I will be looking to long for...