TheJonesPortfolio-100T

TheJonesPortfolio-100T

Yes, Bitcoin may have already bottomed with that sell-off down to $17k. Yes, I may be wrong. NO, THIS IS NOT FINANCIAL ADVICE. My thoughts on $BTC right now...

TheJonesPortfolio-100T

Bitcoin has been in a downtrend since November 2021... Has the Bull Run resumed? My thoughts below: Bitcoin has faced immense selling pressure since the tail end of 2021. This selling pressure seems to have been exhausted as bulls work to retake the Bull Market Support Band and flip it to support. If Bitcoin can turn the BMSB into support, it will serve as a...

TheJonesPortfolio-100T

Bitcoin is oversold and sellers are EXHAUSTED. Bitcoin is showing a swing high, swing low pattern that is similar to beginning of 2021 and mid-2021. This makes it so hard to be bearish... Bitcoin's technical indicators, on-chain analytics, historical data, and short-term fundamental outlook is becoming increasingly bullish by the day. WHAT HAS HAPPENED...

TheJonesPortfolio-100T

Ethereum tends to be more volatile than Bitcoin. Its application make it hard to calculate it future growth prospectus. Also, it faces a lot of technical risks as it is not truly decentralized... The developers and coders of Ethereum are trying to perform heart surgery while flying a rocket to Mars. Not to say it's impossible, but what they are trying to...

TheJonesPortfolio-100T

CPI Data will be released tomorrow. I do NOT see Bitcoin falling below $38K. If investors sell-off, I expect the NASDAQ and Bitcoin to suffer... However, if inflation goes up, why do would one sell off something as scarce as Bitcoin? Which is why I believe Bitcoin will rally on high inflation numbers (7% or more). The dollar (DXY) is likely to see downside as...

TheJonesPortfolio-100T

The DXY is approaching a ket level of resistance. The Fed is clearly a dove in a hawks disguise right now. They cannot crater the equity markets by rapidly increasing interest rates so they are choosing their words carefully. The Fed will likely increase rates 4 times this year, but they do it slow and steadily. I believe the DXY is overvalued and could be due for...

TheJonesPortfolio-100T

Bitcoin is opening on -.12% on the daily. Bitcoin needs to surpass $45K fib level of resistance with ease for us to be excited about a possible bull run continuation. Based on fib retracements, Bitcoin could fall as low as $28K, but I find that to be highly unlikely as Stoch, RSI, MACD, and on-chain indicators are all signaling a local bottom and incoming recovery.

TheJonesPortfolio-100T

Bitcoin is testing the bottom of the Keltner Channel which has historically resulted in 35%+ recovery or more. - Notice every time Bitcoin has tested the bottom of the Keltner Channel (2019-2022) - Every low has resulted in a parabolic advance upwards - Bitcoin bottoming slightly past this channel usually signals a bottom/prime buying opportunity - Bitcoin is...

TheJonesPortfolio-100T

Bitcoin shows correlation with descending wedges. - Bitcoin usually has a huge move upward after this pattern is confirmed - RSI shows bullish div - RSI drops below middle channel signaling a bottom Nothing more. Charts are boring today. Price keeps dipping... "worst case scenario" coming shortly Good Luck, - Mr. Bitcoin Baron

TheJonesPortfolio-100T

Bitcoin wicked low to $40,600 range, gracefully touch a MAJOR support line.

TheJonesPortfolio-100T

Bitcoin is on the edge of a cliff right now. Everything is OK though.

TheJonesPortfolio-100T

Has Bitcoin finally finished selling off? I believe Bitcoin is VERY close to forming a bottom. The market is selling off due to the Fed meeting, COVID is raging, inflation numbers are on the way, people are getting liquidated, blah, blah, blah... Bitcoin is performing perfectly in line. It has deviated from historical price action. I believe that is due to...

TheJonesPortfolio-100T

Chainlink has been in a downtrend from almost two years (522 days). - Chainlink is arguably one of the most undervalued altcoins, next to Litecoin - Chainlink will bridge the gap of traditional finance/banking to digital finance/banking - $LINK could go to $1000 this season - BTC.D is at a low (39%)... - Chainlink is breaking out of resistance - RSI is currently...

TheJonesPortfolio-100T

The market is extremely overheated, overbought, and is reaching a peak. US equities have been going up since March '20 and some traders are worried about a looming depression. The concern is valid. The government keeps printing money, spending money, raising the debt ceiling, COVID is STILL spreading, CDC changing guidance, tapering, interest rates, etc!...

TheJonesPortfolio-100T

Bitcoin wicked down to $40,800 during November, shocking traders and causing extreme fear. With that, came Technical Indicators alerting us to the fact that #Bitcoin was extremely oversold. RSI hit previous support it had when it fell to $30,000 over summer. #Bitcoin is highly resilient and on-chain indicators, supply, historical data, TA. and fundamental...

TheJonesPortfolio-100T

Bitcoin is looking BULLISH. - #BITCOIN is showing quad bullish divergence on 1HR - Fed news could've had an affect but Bitcoin has been oversold for days now - Bitcoin needs to break through $50K resistance and then retest one last time before revisiting ATHs - Seller exhaustion looks to have peaked as well Overall, Bitcoin charts are boring right now. Not much...

TheJonesPortfolio-100T

Once again, Bitcoin looking extremely oversold... Time will tell.

TheJonesPortfolio-100T

I've spent the last few days off of the charts. However, to make sure everything was still intact, I had to analyze. In conclusion, total MA hasn't dipped below key levels of support and trend is still intact, RSI looks like it has bottomed and the MA is trending towards a bottom on total MKTCAP graphs. Full send soon...