jdgpro64

jdgpro64

Metaplanet got a little ahaed of itself, not unlike MSTR last fall. Price bounced off the 3.618 and is looking for support, likely at the 1.00 fib $5.29

jdgpro64

Giant invert head and shoulders sending BTC to $300k with a short stop at $185K.

jdgpro64

The textbook head and shoulders broke out and back tested the neck line. Almost time for number go up

jdgpro64

Two patterns have appeared 1. Bull flag pointing to $160,000 2. Head and Shoulders pattern with the $364,000 PT I would place probabilities of the bull flag PT at 85% and the H&S PT at 60%. NFA and GLTA

jdgpro64

200 W SMA seems like solid support. The trend line looks like it meets there in June, maybe sooner if next week is like this week.

jdgpro64

MSTR contrast with MS Global Liquidity advanced 55 days shows possible upside in May-June. Daily RSI bullish divergence seems to support.

jdgpro64

Some bullish divergence is showing up on the 1 hour chart. If the bottom is in, then the divergence should start showing up on longer time frames. We shall see.

jdgpro64 Updated 

The price has bounced off this trend line every single time and bounced 138% the last two times. Could it happen again? Will it happen? We shall see.

jdgpro64

Three months chop-solidation and the chart looks good for a measured move to $163K.

jdgpro64

So, the Power Law Bitcoin Rainbow Wave is calling the top in May. What say you?

jdgpro64 Updated 

It is all in the chart. 54 bars in the run up before consolidation. New Sheriff in town Jan. 20. Then number go up

jdgpro64

Obviously a completed head and shoulders pattern is bearish with a break below $92,000. We shall see.

jdgpro64 Updated 

A bull pennant is forming after the 74% rip in November. A breakout above $97,000 will trigger the measured move to 3.618 fib $138,000.

jdgpro64

The price has made a bull flag similar to he BTC bull flag. I expect another price spike outside the parallel channel and retracement before recapturing the ATH later.

jdgpro64

I did not make the first channel high enough. So, this is an update. I threw in an auto pitch fork that seems to validate the thesis. We did take a run out the top of the channel and the shorts pushed the price back inside our seemingly durable path. Let's see what happens.

jdgpro64

It is just one indicator, but it says what it says. Not financial advice. Please do your own due diligence.

jdgpro64

The price has formed a classic and near perfect bull flag on the 4-hour. Of course, the price target depends largely on the breakout point on the flag. I will update when and if it does break out, or not. The measured move is on the chart. The auto-pitchfork confirmed the pattern We shall see.

jdgpro64 Updated 

Can MSTR stay in the this rising channel for another six weeks? It would seem unlikely, but so was their stock price rising 507% in the past year. I guess 200% from here is possible, especially if Bitcoin performs as predicted and hits $100K this year. We shall see.