jmgardner

jmgardner Updated 

Please refrain from pursuing this idea; it's only being documented for reference purposes. Observation: There appears to be a bullish flag and rectangle pattern, with a partial convergence of prices. There might be a potential divergence on the Relative Strength Index (RSI) accompanied by declining volume, possibly due to the "weekend" effect. Lots of bullish...

jmgardner

Possibly looking at a few more weeks of range movement within this wedge with rejection at Bull Market support bands. If it breaks down, next milestone looks like 19-21k.

jmgardner

Short-term retraces to the 42000 level, then a brisk expansion to 43600. Enter long position with a stop-loss 2.56% with Min volume.

jmgardner Updated 

Since breaking down from the symmetrical triangle yesterday afternoon, a lot of selling has ensued. I am surprised how strong the 8k rebound was this morning when I got up. Lets see if this evening other countries feel the same as the US. Graph should be pretty clear, thoughts?

jmgardner Updated 

Hey Guys, While I was updating my running TA on BTC. I noticed that a Symmetrical Triangle has formed on the 4 hour. 4H MACD tells us that the momentum of the market is swinging towards the bears favor but the rate of change seems to be slowing down. I have a feeling that the next 2 bars will help define the next few days of trading. As for resistance, we see...

jmgardner Updated 

See graph for thoughts.

jmgardner

Since buying CH2M, price has been increasing. MACD and RSI shows increasing bull momentum.

jmgardner

Guys, I am new to TA's so I would love some feedback on the graph above. I was expecting yesterday's low to continue and was bummed when my orders did not get filled and I missed the run up today. But that being said, it does not appear to me that the bulls have completely taken over. Above is my ongoing Binance BTCUSDT chart. It looks to me that a downward...

jmgardner

Guys, I have a question, I noticed this when i was updating my ongoing TA with LTC. Am I crazy or does this symmetrical wedge look like it is tightening up into a new wedge? Does this have a formal name? is this even relevant? Additional newby question, is it best to always use the highs and lows or the opens and closes? I have noticed that the big orders or the...

jmgardner Updated 

This is my second TA so I would love some feedback. I pulled some of these ideas from others but want to track. To me, it looks like the bears failed with the previous H&S, signal of bullish market. Break out from the falling wedge and succeeding peaks also signal bull market. Looking at the previous run, I'm projecting we hit 370 this week, new ATH around 550 in...

jmgardner Updated 

New to TA but looking to make better trades based on targets and forming a trading strategy.