JayT121

JayT121

Hello guys, Today i'm anaylizing Bitcoin on the 4h time frame. Bitcoin has formed a Head and Shoulders pattern. If it breaks the neckline($10,915), This could be a good short signal. It should be noted that Bitcoin is on a upwards trend, so it is likely that Bitcoin can keep going back up. As always Set those stop losses! When Bitcoin continues on this...

JayT121

Ethereum fell below the Daily EMA ribbon. This would be bearish since every time this happens it tends to go much lower. I would like to point out that since it has closed below it, we should remain skeptical because it wasn't with confidence and decisive. We are bouncing from a downwards channel. Since there is a daily RSI divergence(Not shown on this chart),...

JayT121

Hello guys. Bitcoin has displayed many bearish signs. Firstly Bitcoin has broken out of its daily Ascending triangle downwards. This means that it will likely hit a target of 7.8k (Green zone). Bitcoin has also closed below the Daily EMA ribbon. Every time this happens it indicates that the daily trend has ended, And that we are about to go much lower. We are...

JayT121

Today I will show some weekly Analysis which is showing many Bearish signals. Firstly the RSI has a weekly bearish Divergence. This is a bearish indicator as we are likely to move lower. (Marked by purple arrows ) Secondly There is a bearish engulfing candle which indicates bearish momentum (Indicated by green arrow), you can find more about the pattern here: ...

JayT121

Bitcoin has a CME Gap at 7.7k. This gap is on the 4h chart(Green Circle ). Historyically CME gaps get filled. Bitcoin is likely because of this to go back to 7.7k and fill that gap.

JayT121

Ethereum seems to have made a daily bull flag. Of Course after it breaks upwards from this flag, Ethereum might reach new local highs. In the mean time it has met yearly dagonal resistance. This makes it likely for Ethereum to retest the 230$ support zone (green). It is still bullish on the daily time frame since it has not closed below the daily EMA Ribbon....

JayT121

Bitcoin in the recent days and weeks has formed a Ascending triangle.This has been after the recent double bottom we say a few days ago. This is bullish because Bitcoin has maintained its upwards trend. Bitcoin will likely find the top of the triangle as immediate resistance. Get ready guys because The target for this breakout is about 11.6k which gives a nice...

JayT121

During 2017 when there was a capitulation, bitcoin dumped about 50%. A BEARISH HIDDEN OBV Divergence happened a few weeks before that. With the week closing red the OBV has formed another HIDDEN OBV Hidden Divergence. This could send Bitcoin on another 40% dip, possibly retesting 5k. The macro trend is still intact, as Bitcoin has failed to break out of its macro...

JayT121

Bitcoin after falling from 10k, yesterday managed to form a 1h RSI divergence. It is however testing previous heavy resistance. The divergence is a bullish reversal sign. breaking out of the diagonal resistance could be a good long signal. If it breaks out from this resistance , Bitcoin could find the EMA's as resistance. I've also some resistance and support...

JayT121

Bitcoin, with its volume decreasing is currently in a rising wedge. When this breaks, it could send bitcoin to the lows of 5k. With this taking in mind however is that it has a 70% statistical chance of tracing downwards and a 30% chance of breaking upwards.