jamiecassels

jamiecassels

What an interesting chart. While RSI has set a series of lower peaks, I don't think it's negative divergence because the MACD doesn't really back that up. Since price has done nothing but climb, I think the RSI is gathering power for a super breakout. You don't see a weekly RSI coil in overbought territory often, and when it breaks out the move is pretty nice. ...

jamiecassels

So in the madness that is today's trading session XMR is shining. I have already shared the bullish long term picture but I just want to highlight a couple things. The first is what I just said, today could be a sort of capitulation day where Monero starts to lead the pack. Technically, we are at resistance and we have a nice bullish MACD crossover happening. ...

jamiecassels

I don't really like the principal behind BCH but I'm a dog what can I say. MACD rolling over and to me it really looks like this wants to test resistance. Bitcoin feels expensive and BCH feels cheap, so here I am, good luck.

jamiecassels Updated 

Point : Yea there's no freaking way I'm shorting BTC. Taking off some short term funds here before we dip then I'll buy right back in. Volume has dried up on this last little leg up and RSI has broken it's bearish flag. I'm watching 15k close and then if that fails like 12k or 10k for re-entry. Counterpoint : So much freaking momentum right now. Not having...

jamiecassels

I tried to post this chart as a follow up to my last ETHBTC chart but it kept rejecting it?! Anyways long interest hasn't capitulated in the least so the chart is still relevant. ETHBTC looks like it made a weird double top on this line chart and with LONG interest so high I feel very comfortable holding shorts here. Good luck.

jamiecassels

Point : I've never seen a DI+ remain overtop DI- as long as I have here. Almost 2 years and going strong. Why get in the way? 2017 hasn't given great returns to Monero, which is really a good coin based on fundamental merits. Price rallied to highs in Sept 2016 and has been consolidating since. The upwards consolidation looks bullish to me and since DMI is...

jamiecassels

Point : In a similar set up to ETHBTC things have recovered well vs litecoin over the last month or so but to me the price action doesn't look bullish but rather a breath of fresh air for the bulls until the bears drag them back underwater. The RSI indicator has given us lower highs and lows in congruence with price, so I expect a big drop shortly because that's...

jamiecassels

Point : Since late October, Ether prices have recovered against Bitcoin. However, this price action appears to be a bearish flag against the resistance trendline. If you look at the chart below in the comments, you will see ETHBTCLong positions are near all time highs, so this helps my theory as a contrarian indicator. I do believe that if .04 doesn't hold,...

jamiecassels

Point : I'm in this for the long haul as I like the functionality of this coin as it is akin to litecoin to bitcoin, with monero. However if you are looking for a short pop I think we're about to get it here. Prices have been slowly climbing and you can see the intraday pattern well on the 4HR chart where we have climbed recently and held the gains well. So...

jamiecassels

Point : After breaking key .05 support we have come back to test it as resistance and it looks like its holding for now. We are in a thin trading zone between .05 and .014 and I still think the BTC bull is around just a lot of FUD around it right now with BCH pumping. I'll take my chances and SHORT here with a stop-loss with a daily close above .05 targeting...

jamiecassels

Still lots of short interest out there and this is a nice 4HR stochastic bottom. I'm in for another ride up I JUST CAN'T QUIT YOU!

jamiecassels

I personally think we will break up out of this wedge because Ethereum still has tons of ICO cash to liquidate but I hold both so whatevs. Play the breakout. Good luck.

jamiecassels

Ethereum doesn't look like LTC. I think LTC is the big winner out of today. This is because it no longer has B2X or whatever to deal with as arbitrage for BTC and ETH kinda shot itself in the foot with the wallet malfunction locking up millions of dollars. Now that the 2X event isn't happening, I think I'm going to dip my toes in LTC. I was going to do this...

jamiecassels

The long alts trade is way too crowded. This needs to capitulate before an actual bottom occurs. Stay long BTC and short alts.

jamiecassels

This wild ride is fun and looks like it won't let me leave. I'm waiting for shorts to throw in the towel before I exit longs but they just won't do it. Shorts are at support turned resistance on our broadening wedge pattern and looks with 2x called off, maybe this will be what it takes for shorts to capitulate and give us a last squeeze (to 10k?) where we can...

jamiecassels

I have no clue where this train stops but in my experience watching SHORTS accumulate the last 2 days means more short squeezes to come. SHORTS are at a previous spot of resistance and probably about to get REKT more. Good luck.

jamiecassels

Eventually alts will come back into favor, but it isn't likely anytime soon. Looking at ETHBTCLONGS and LTCBTCLONGS the alt traders are still buying ETHBTC and LTCBTC. I can't see capituatlion happening with this many longs, it's way too crowded. Until further notice, it seems prudent to just play BTC longs and wait for the bagholders to fold. GL

jamiecassels

Over the last few days the amount of longs has been dropping while people are accumulating shorts, usually a sign were about to make some new highs. Looking at BTCUSDSHORTS we can see short interest has formed a wedge right into former support now turned resistance. Looks like a good place to get long for the upcoming "melt up". Good luck.