jakedubbz

jakedubbz

Zooming in on the Weekly Timeframe shows a clear Break and Retest. Support now turned Resistance held up and now breaking the current Support around $0.77 - $0.74. Expecting the same scenario to occur, on the Daily / Lower Timeframes.

jakedubbz

HTF Pattern on this pair. Expecting more downside to come over the next few months. Should break out of this wedge when we have the SEC case out of the way :)

jakedubbz Updated 

Following the previous posts on this pair, we had an upside and a downside bias. The downside played out perfectly and did well to cash some out at $1.60 - $1.70. Downside targets as shown are $0.58 and $0.20 for another great buying opportunity. Now broken the bullish trendline on the Daily and now retesting on the 12H and Lower Timeframes. More updates to follow!

jakedubbz

Following the previous post, I have readjusted the trendline and included support and resistance levels. Should we stay under $1.03 - $1.00 then I would expect the lower downside targets to come through pretty soon. If we break above and stay above then we can easily go back to $1.60 - $1.80. Important weekly close this week, monthly close up soon too.

jakedubbz Updated 

Bearish channel in play for Gold on the Weekly Timeframe. Already bounced off of the lower trendline for the 3rd tap, now expecting the same for the opposite with the upper trendline. Zooming into the lower time frames at this point in price can show a potential reversal.

jakedubbz Updated 

Top-down analysis on this pair from Monthly to Daily. Showing starts of a downtrend, $1500 is a round target. Support levels below and expectations over the next few months towards the end of the year.

jakedubbz Updated 

Getting close to the upper trendline from the Higher Time Frame analysis. Awaiting a rejection / break of the upper trendline for confirmation. Favoring sells on this pair.

jakedubbz Updated 

Long term 61.8% fibonacci showing clear rejection on the Monthly Timeframe. Zooming in shows price targets

jakedubbz Updated 

Down-side price targets, I would think this would be over a few months, but my bet is that the top is in for now. Zoom into the Daily Timeframe for more confluences

jakedubbz Updated 

A bunch of confluences of the last few Weeks / Months. Elon's tweet about centralization and miners is another confluence. Combined this with the High Time Frame charts all looks good, similar to the XRP sells posted a few days ago

jakedubbz Updated 

Dollar Index Monthly Timeframe Broke a bearish trendline at support, expecting a bullish few months for the $

jakedubbz Updated 

Zooming in further with the help of a fibonacci, we should see this continue up towards the 95.00 region should these retracements hold. Originally meant to post when we were at the 78.6%, oops

jakedubbz Updated 

Following the Monthly chart posted previously, which was abit dodgy... Broken a downwards trendline and like previously with this pair I would expect this to be the start of a bullish trend.

jakedubbz Updated 

A zoomed-in look at the downside bias for this pair on the Daily Timeframe. After reaching the Monthly (Dec 2017 / Jan 2018) candle bodies and reaching the Weekly Fibonacci Extensions, we have another Fibonacci in play aligning with our downside targets. The -61.8% Extension aligns up nicely with the Monthly (Dec 2020 / Jan 2021) candle bodies from the Monthly...

jakedubbz Updated 

Following the previous post of the Monthly Timeframe, this Weekly Fibonacci further validates why $1.96 is a rejection zone. The -161.8% Extension aligns with the Dec 2017 / Jan 2018 candle closes where we have tapped it perfectly. I would anticipate that the next move would be back towards 61.8% and 78.6% retracements where we can identify the next set up. I...

jakedubbz Updated 

Just something I noticed on the higher timeframes with XRP We have tapped the Dec 2017 & Jan 2018 candle body closes / open perfectly and showing a solid rejection. $1.96 is a solid reversal zone being the 12M candle closes as well as the Monthly candle closes. I will go into more detail about why this is a solid reversal point in the next post on the Weekly...

jakedubbz Updated 

Alternatively to my previous post, this could play out for another buying opportunity under $1. If this is to come through we would be extremely lucky to be able to buy again at $0.50 - $0.50. I won't be selling any at these prices but I always have capital ready should this come through.

jakedubbz

Will be buying more XRP between $1.17 and $1.04. Some great news yesterday about Rosie Rios on Ripple's board of directors and an update on Polysign. I have an alternative view in case we do see lower but will likely be taking this trade. May 8th should be a fun day in the markets. 📉