j0nesy1977.mj

j0nesy1977.mj

Looking at the charts I believe that Litecoin (LTC) is on the rise. Now, don't take this as gospel as I'm only a beginner when it comes to Elliot waves, but I believe we are either in stage 2 or stage 3 of a large impulse wave. Basically that means that we are in a strong up trend over the next couple of months. It is more likely that we are in stage 3 which...

j0nesy1977.mj

Just learning how to use Elliot Wave and Fib. Any comments, criticism (constructive or otherwise) welcome. Paints an interesting picture for bitcoin if it got it right, which I doubt ;-)

j0nesy1977.mj Updated 

Have a look at the 4 hour chart over the past couple of months. It touched the down trend line for the 3rd time a couple of days ago thus confirming the trend. The uptrend of February seems to have broken. But can bitcoin really continue to fall much further? There is a lot of support around the 9,2 to 9,5k mark, can it hold? There appears to be a small H&S...

j0nesy1977.mj Updated 

I've been following Litecoin closely as I recently lost around 10% on a trade hitting a stop loss. I was looking to short it, looking for bearish signals. However all the signs I found were bullish. Pointing towards a small reversal. Check out the chart 2hr chart all the information is highlighted via call outs. In summary, we have bullish divergence, a...

j0nesy1977.mj Updated 

Litecoin (LTC) is getting quite a bit of attention lately due to litepay and the recent hard fork there has been qquite a bit of volume about. Overall I'm quite bullish and I've entered a LTC trade which I thought I'd share. I see two ascending triangles: One ascending triangle and a break out recently completed and took us to around $245, forming a new...

j0nesy1977.mj Updated 

One of the strongest TA reversal indicators is the Head and Shoulders (H&S) pattern. I am seeing quite a few emerging with BTC. As you can see from the chart an inverse H&S formed around the bottom of the down trend which would indicate a reversal up to $12600. However, a smaller H&S pattern seems to be emerging as I write, with the possible shoulder coinciding...

j0nesy1977.mj

Not quite sure what's going to happen next but it's really stretching the bottom of the bollinger bands and has hit a critical support level at 1270. If it holds and bounces back with some volume this could be a good trade. If it breaks the support level then it could be a free fall. Watching closely...

j0nesy1977.mj Updated 

Decred is look quite bullish to me. We have: * An ascending triangle * A golden cross * Some positive candles recently Look for a break out sign. Upon break out, expect it to go to 0.0165.

j0nesy1977.mj Updated 

I've been putting off having to do this analysis as BTC is so hard to predict right now. But I'm looking to buy back in at some stage so I have to give it a shot. As you can see from the Bullish Dominant candle, BTC found some very solid support at $8000. That is no surprise given there is some historical support there and given some of the tips floating around...

j0nesy1977.mj Updated 

I'm watching GBYTE closely and am slightly bullish on it. There are some good signs, it has a medium term uptrend and there seems to be a symmetrical triangle forming. Other signs include a recent golden cross and an inverse hammer which hint at an uptrend which looks to be eventuating... It looks to have broken the symmetrical triangle, however, I think it...

j0nesy1977.mj Updated 

This coin received a good Weiss Rating of B- and has experienced a pretty decent uptrend in recent times. However, a quick TA appears to reveal that this uptrend has ended and a downtrend is now in play. There are several bearish indicators on the chart. Including a descending triangle with a confirmed break below the support line of the triangle. There is no...

j0nesy1977.mj Updated 

It looks like an ascending triangle has formed for EOS and medium term trend is upwards. I'm looking for another bounce of the lower part of the triangle before setting targets and entering. If it is an ascending triangle there is a decent chance we will see a break out up to .00184 There is a golden cross which hints at continued upwards movement. Will look...

j0nesy1977.mj Updated 

I might be drawing a long bow here but I'm looking for good news. Is Steem moving in repeatable patterns over consistent time periods or "share stages"? Is there an upward trending symmetrical triangle forming? Am I dreaming of bygone era of bullish crypto trading? I'll be monitoring for the next couple of days to see if it continues to trade within the...

j0nesy1977.mj Updated 

Looking at the NEOBTC chart we can see a medium term up trend and a recent down trend after a death cross which may have completed or be nearing completion at the support level at 0.012. We can see that it broke out from an earlier symmetrical triangle but did not complete its up cycle to .01577. NEO is oversold as can be seen by the RSI, expect a trend...

j0nesy1977.mj Updated 

Decending triangle, double top, death cross and close to breaking broad (medium term) support zone. All bearish signs - it doesn't look good for ETC. However, the broader market is down so it can be expected. It is well and truly oversold and with an air drop coming up it is possible that ETC could turn the corner in the coming days. Look to see if it can...

j0nesy1977.mj Updated 

After a sustained down turn over the past week and a bit BTC broke the trend and has been trading in sideways channel the past few days. There have been a number of indicators including: * 2 doji at a steep bottom on 27th; * a golden cross on 28th with some decent volume; and * and a bullish v reversal with a step on 28th and 29th. With RSI showing momentum,...

j0nesy1977.mj Updated 

This is my first ever technical analysis. There has been a significant downtrend through January which appears to have level out into a channel. Recently there were two Doji and Golden Cross which may signify a change towards some bullish action. Trade volume is still low but this may change on Coinbase as the US wakes up and begins trade. Look for BTC to...