jbcal

jbcal

Volume profile trade... price is down big, volume spike is even bigger. The important part is that the volume came in during a consolidation. The candle it came on isn't much. This leads me to believe it was not a pump and dump but a major buying area at the close of that candle around 6.30. Price could dip lower near term and could consolidate here for awhile,...

jbcal Updated 

Looking like an ABCDE wave pattern, h/s formed on last leg up to D. Target for that is around 144$, TL touch coming in around 150$ depending on how long it takes to get there. I'm looking to buy at E, presumably around the 150$ area. Target is measured move of the pattern/, potential retest of all time highs, 230$-250$ area. If trendline @ E breaks south and price...

jbcal

Lots of hype in the crypto space, im just trying to make a little jingle. doesn't bother me if its up or down. This elliot wave ABCDE pattern is making me want to bet against the hype. A to C if u copy the line and move it below over B to D it lines up perfect. Each touch of the lines is 7 days. Monday will be 7 days from D to E. Fib retracement from previous...

jbcal

Wave 4, I think wave 4 is underway, abdce consolidation, we should pull back to confluence of fib extension and measured move of consolidation, 86k, price could dip into the upper 70's,.. as long as we do not breach the top of wave 3, around 74500 area a wave 5 up has good odds..

jbcal Updated 

Despite all the nasdaq-100 hype i think the next leg is down to at least 270 area. Elliot wave count that i think it is above. I didn't get in this one, going to see if it wants to pullback to bottom of trendline area to short. If not, i'll be watching only

jbcal

Ok so, monthly time frame looks like a big cup and handle.. in the consolidation ive labeled what i think could be a wycoff accumulation. The measured move of cup and handle lines up nicely w the 2.618 extension of the accumulation range we are in. Risk; i would not like to see it move back below 5$. as a kicker, looks like a potential inverse h/s in the last part...

jbcal Updated 

Oklo, Smr energy play, Trumps pick for DOE on the board. Imo, looks like a wycoff accumulation in a wave 2 structure, w a target of 1.618-2.618 fib extension. I am wrong, if this trades back below 17.20 area, should set up and play w 18.56 and move higher. Good rr right here.

jbcal Updated 

Ape, currently under SEC investigation. It has formed a pretty clear triangle, broken out and retested the bottom. One measured move in red, targets the .69-1$ range. That target also lines up with a rouge spike low shortly after ape started trading, it was just a quick wick down to 1$. The other measured move would take it under .01..I think .69-1$ is likely as...

jbcal Updated 

Possible accumulation, if so, this still needs to notch a new spring low before any major bounce. Could be distribution, in which case we have seen a rise above the last high and are enroute to a major dump as we break the bottom of the triangle....Either way, this prints a new low in the .80's probably good to take some profit around there and see what the...

jbcal

This chart looks pretty bad for the bulls. Clear weekly triangle break with a retest, target of the triangle is 1370$ area, and that lines up with the .786 fib retracement from the big move up

jbcal

Just a potential, but its what i'm looking for until invalidated. I think that copper eventually goes much higher, but that the conditions are right for a good fleecing. I'm not in here but tracking this setup to see how it unfolds.

jbcal

Weekly chart, massive descending wedge. Bullish RSI divergence, with current weekly RSI breaking out and just retested the backside of trendline. If this were to play out the measured move would be close to 3$. Its a weekly, so lots of time here its not going to move overnight. Personally, i'm going to be keeping a close eye on this one.

jbcal Updated 

Distribution looks well under way, I am going to wait for the trendline break before entering. RSI, is breaking but price action has not yet confirmed. Nice bearish divergence on the entire pattern so far. Until things actually break, this thing could still have another sizable pump. Patients is important here and this could still take a couple days to play out,...

jbcal

Chart is labeled, I'm seeing these distribution patterns in LTC, BTC ect.. This one is looking great. Could be another push yet higher, track it with trendlines on the 1hr and 4hr along with the RSI. Would love to see another push up with one more shot of bearish divergence on the RSI... as the trendline breaks I'm going short with sl above wherever the high is...

jbcal Updated 

Nice trade opportunity with good r/r. I'm trading short right here. Sl is above the red line of UT. Ideally, price does not trade and hold above the red line @ PSY. I'm expecting price to play around the 24200 area for a bit and break lower to 17500-19000 level. Not advice

jbcal

Channel break measured move targets 26800 area...The pattern looks to me like it is about to form a Utad and have one more push up. 1.618 fib from last ST to the low is the same area...I'm looking for early week move to 26800 and taking a short position, targeting 15500 area...Lots of economic data this week, and i expect Bullard to be hawkish AF on Tuesday. Use...

jbcal

Been tracking cdc data on monkey pox from 1st week of may this year. Cases have gone from 7 to 22k+ today. Their can be much speculation as to why or what this actually will be, but that would be another website. Bavarian Nordic has already received the green light from US and EU to mass produce these vaccines in a Denmark facility. I expect cases to explode, and...

jbcal

Chart is labeled, I think their is a very good chance we are headed to 22k. For this to remain true price should not break below the SOW. SL can be placed below there for a nice risk/reward profile. The mini h/s pattern that formed during the formation of UT had a price target almost right on the AR, which is where the best price is/was should this play out. Not...