jlhequities

jlhequities

Can this take any longer

jlhequities

water looks so refreshing

jlhequities

In my unprofessional opinion, the only strategy I see for me at this time is too trade the range. Short as RSI divergences and turns overbought, then long as RSI shows towards the side of oversold in the ranges outlined on chart. I don't see shortage of Buyers in the 3000-3500, I see a shortage of sellers. The 4000-5000 range has had shortage of buyers going up...

jlhequities

Another analysis I noticed is there is clearly bearish divergence forming on RSI and MOM up to the 3 hour charts. Bears were clearly in control in the 5000-4000 range. Bulls have managed to stay in control of the 4000-3000 range. Unless there are big moves in either direction, this back and forth could take a while. Its so easy to go short on big volume selling...

jlhequities

This chart shows 6 out of 24 days were the money impulse moves down. or 25% of total moves were down. Next there were 14 down days and 10 up days. 40% more days down than up. Last is there were only 10 days up out of 24 days. 41% days up. Conclusion, probability says this trend will reverse. We will have 40% more up than down and possibly 6 money impulse moves...

jlhequities

The leg is the only way to go

jlhequities

Possible ABC correction to trend?

jlhequities

Can not believe what just happened on such small volume. Guess the bears ran out 1st. See where it goes from here I guess. lol, crazy

jlhequities

No idea if this means anything or not but I saw someone else chart like this and highlight where the most trends cross. or something like this

jlhequities

Good Lord this is complicated if its right.

jlhequities

Looks like the 3500 support held twice like the 4000 held twice. Followed by 1/2 the strength

jlhequities

Possible scenario forming

jlhequities

One thing about BTC i noticed is that it likes moving in a H & S pattern followed by inverted H & S on correction. The current one is either about to form right shoulder or is failing miserably.

jlhequities

This shows bearish divergence across tops. Each divergence except the current one has corrected with sharp bounce off the bottom to then continue trend. This leads me to believe theres still lower to go.

jlhequities

Looking for a possible failed inverted H & S to form here. If it forms and does not fail, I will need to reevaluate the trade.

jlhequities

Using Gann and previous levels of support and resistance it looks to me as though BTC could be trapped inside bearish descending triangles with each new low of current downtrend. Unless there is a bullish move with volume behind it, looks to me like selling to continue

jlhequities

Larry Livermore says that price will go the path of least resistance. The chart shows which lines of resistance and which lines of support have revealed theirselves so far going up and coming down.. Decide which way is the easiest path for it to go and put the money on that direction. "Thats all it is" he says.

jlhequities

No offense BTC, couldn't help it. You make me look stupid enough too.