JacobR905

JacobR905

Ethereum is following the price action of BTC very closely but instead of a bullish triangle like BTC we are currently trading inside of a bullish pennant! ETH is making some nice gains the past week moving up day by day slowly but surely and we are coming up on some important levels, first off for resistance we are looking at the bollinger bands, ideally a break...

JacobR905

When we last talked about BTC we were looking at a couple key areas we needed to breakthrough in order for us to continue moving to the upside, those levels were the 0.7 FIB, the top of the descending channel and the top of the bullish triangle, we are looking solid here we have taken out the 0.7 FIB and the top of the falling channel, all thats left in our...

JacobR905

Chainlink has felt the bearish pressure from throughout the market, we came all the way down to about 13.42 at our 0 FIB level but have since made a strong recovery to the upside! We are currently trading inside of a bullish triangle with a forced breakout happening in aprx 3 days, this means if we don't see a breakout in the next couple days we will be forced...

JacobR905

Bitcoin id looking to break up and above the 0.7 FIB level which also has over hanging resistance coming from the descending channel, we wicked all the way up and above both these levels but have since come back down, what im looking for tonight on our daily close is a push up and close atleast above the 0.7 FIB! This opens the door and allows us a better chance...

JacobR905

BTCUSD on the daily timeframe has found some strong support right around 35K (USD) and it seems we are showing some strength moving forward, however we can't be too confident as of yet due too how the market is moving on a daily basis. Either way i am looking for a reversal at some point soon, in previous cycles we saw many corrections ranging from 30-50% even...

JacobR905

BTC is still pushing down with big bearish pressure, we are currently sitting at 33.5K and i personally believe a reversal is in sight anyday now for Bitcoin! I am looking at our current area all the way down to the 30K mark where a reversal could be likely, 30K is a strong and established level that is also held up by the underlying 1 FIB at 28.6K. We have...

JacobR905

Bitcoin was very quick to invalidate our double bottom that we talked about yesterday and had a sharp flush to the downside likely liquiating tons of players along the way, we are currently sitting a fair ways above the 0.7 FIB level, we are catching some support at 39K. What we don't want to see coming from the bollinger bands is a stronger push to the downside...

JacobR905

Doing an update on our Bitcoin Dominance chart on the 4H timeframe, some of you may recall from my last TA on BTC.D i talked about a possible reversal in and around the current spot price action is sitting, we cut through the 40.50% level today and are currently pushing the downtrend resistance line. Bitcoin had a small pump than a massive dump today clearly...

JacobR905

Taking a look at Bitcoin on a daily timeframe i noticed something very bullish that ive somehow missed. a clear to the point double bottom has formed recently with price action showing some strength coming off of it, this overall if actually plays out is a big positive for the overall market in general! We are currently sitting inbetween the double bottom and the...

JacobR905

doing a little update on XTZUSD on a 4H timeframe, since out last TA we were trading inside of the red pennant, we had a false breakout and a once again a drop that is keeping us in this sideways structure. Shown by the green horizontal lines we have been getting rejected and have bounced many times in this zone, going all the way back to the beginning of...

JacobR905

Looking at our ETHBTC daily chart we notice we have been slumping quite a bit against Bitcoin and have since formed a pennant, we are currently approaching the Apex point where we will see a forced breakout, we have about 3 days before that happens so the chance to breakout before is still there. A positive thing is that we are currently holding onto the 0.2 FIB...

JacobR905

Taking a look at our bitcoin dominance on a 4H timeframe we rebounded off the 39.40% level where everyone thought altseason was about to be on the rise, we have climbed all the way back up to the 40.28% level currently but i am looking for a drop and reversal sooner than later. We have downtrend resistance coming from the high around the middle of december, this...

JacobR905

Bitcoins still struggling to break up to create a higher high and that may be due to the fact that we have a very obvious falling wedge pattern playing out, price action has respected both levels very strongly and we are seeing that currently with our daily candle getting what looks like a bounce off the top of the wedge. Now historically falling wedges have a...

JacobR905

Another coin that i am looking to add more of is my favorite project.. Chainlink, we are coming down towards our 0.2 FIB level and we are given the chance to get a bullish bounce here. We have tons of support underneath of our price action with uptrend support coming in from our previous low, support at our current spot of 24.31$, 20.67$ support and we have strong...

JacobR905

Today we are looking at Vechain on the daily timeframe and one thing is pretty clear... we are ready and looking for a run to the upside, VET has seen a steep decline in price since mid November but that doesn't change the absolute brilliance and expanding business of this project! I am personally looking to pick up some more Vechain adding to my current bag...

JacobR905

Ethereum is looking pretty good on a 4HR timeframe we have formed a bullish flag and have since broken out on our current 4HR candle, this is a great sign of whats to potentially come and we could be looking at a continued run here to the upside! Another positive we saw was holding that 0.3 FIB level at 3200 aprx, as for resistance we are looking at 3337$ and...

JacobR905

Bitcoins really been struggling as of late and we are in some dangerous territory for price action, we are hanging out right above the 41K support level and the chances of us falling underneath here are rising everyday, realistically on this 4HR chart we don't want to see a close of course below 41K but also we dont want to see a close below our previous closes, i...

JacobR905

Little update from our Chainlink TA yesterday! we are flying outperforming tons of coins all around the market and we are taking out some important levels on the way, we are currently sitting above a key resistance level at aprx 26.5$, the definite goal here is going to be a daily close above this level adding to our already big momentum! Our bollinger bands are...