jonnieking

jonnieking

Grabbed all downside liquidity. Helium Up 60% on the week. W bottom reversal pattern formed. Broke out of a 16-week downtrend, but got rejected at .236 Fib Closed above the EMA9, which is now support.

jonnieking

Big Bullish Engulfing candle for Solana on the weekly close. Needs to breakthrough EMA9 and claim as support. If not, we could see an inverse head and shoulders reversal pattern formed ~$112 before the next leg up.

jonnieking

Lately I've been seeing a lot of people incorrectly state that the Yield Curve is currently inverted. IT IS NOT. Easily measurable 10Y - 2Y. Google the definition if you need to. I laid out the impact of the yield curve inverting against the S&P 500. In most cases, you can see SP:SPX sells off slightly after inverting. The higher the spread, the healthier...

jonnieking

If CRYPTOCAP:BTC can break back above ~$84k then we could continue to follow my OG setup (yellow) and rip, but since PA dumped slightly below the 50WMA it technically invalidated my inverse h & s idea. A rejection of $84k would dump us back to ~$78k to form the right shoulder (red) and complete the setup. nonetheless, i believe we've seen the bottom 👋

jonnieking

As expected, CRYPTOCAP:BTC retested the 50WMA for the first time since September 2024 (217 days ago). ₿itcoin historically has outsized reactions when this happens.

jonnieking

NASDAQ fell another 4% touching down 26% S&P 500 walking a tight rope falling 21% to play with the idea of a Bear Market, but has rebounded a bit. NASDAQ:QQQ did have a stronger response from buyers than SP:SPX Nonetheless, we would need several WEEKLY closes sub 20% losses to enter a textbook Bear Market.

jonnieking

And just like that, the Death Cross has formed the right shoulder for the Inverse H & S idea I formed on March 14th We may sit a bit more downside to retest the 50WMA at $76k for confirmation If we get a V-shaped recovery tomorrow, this very well could be the bottom for CRYPTOCAP:BTC

jonnieking

NASDAQ HAS OFFICIALLY ENTERED A BEAR MARKET, DOWN ~22% NASDAQ:QQQ 2022 Bear Market bottomed ~37% just below the 200WMA S&P 500 is not quite there yet, down only ~17.5% SP:SPX 2022 Bear Market bottomed ~27% a tick below the 200WMA

jonnieking

The TVC:VIX has only hit above 45 on 5 occasions in the history of CRYPTOCAP:BTC Each time it did, BTC pumped at least 20%

jonnieking

As expected, CRYPTOCAP:BTC is rolling over, hopefully to form that right shoulder for the inverse h & s patter to confirm the next leg up. This dumped is fueled by the impending death cross, which historically marks big reversals, since the cross is already priced in.

jonnieking

The 200DMA is the real battle for bulls and bears rn. At least PA is respecting my squiggles 😊 Bullish Divergence is the key here.

jonnieking

RISK-ON 🚨 I’m seeing so many people incorrectly analyzing the September 2019 emergency repo OMOs, which were short-term liquidity injections from the Fed, and then comparing it to the price of BTC going down, before QE officially started in March 2020 because of the pandemic. Here’s what really happened. September 15, 2019 was a tax deadline, pulling ~$100B out...

jonnieking

CRYPTOCAP:BTC closed the day a tick above the 200DMA.

 Need to trade a few days above $85k to show strength for Bulls. 
 Ideal setup would be an inverse H & S from here. RSI showing Bullish Divergence.

jonnieking

Does the market look dead? Wanna know what brings it back? PRICE. Wanna know what brings back price? LIQUIDITY. Steady lads, deploying more capital 🚢

jonnieking

CRYPTOCAP:SOL DUMPED OVER 60% ‼️ That’s after a 3,500% pump from the bear market low in ’22. Is it over!? TL;DR - NO. This is common after such an insane pump. SOL Dec ’20 - May ’21 5,700% pump 71% correction then another 1,290% pump Let’s look at previous cycles with $ETH. Dec ’16 - June ’17 6,380% pump 67% correction then another 916% pump Dec ’18 (bear...

jonnieking

Someone on Twitter sent me a chart showing Bearish Divergence on the Weekly for BTC and asked me to analyze it. (hopefully this link shows the chart) pbs.twimg.com My response is below. --- This is a really good question! Caught me off guard for a second and I had to really analyze it. That chart assumes we’re at the end of the cycle, so its showing bearish...

jonnieking

THE MARKET REALLY WANTS TO GO UP. Stronger coins, such as CRYPTOCAP:SOL keep putting in higher lows. If we close above the EMA9 on the Daily that will be really telling. A bit premature to call a reversal, but I’ve been speculating on this W reversal pattern forming since Trump announced the Crypto Strategic Reserve. 

Perfect setup for that. The lack of...

jonnieking

As expected, the DXY is TANKING alongside the 10Y, and the WMA9 is finally breaking below the 20. This combo is turbo juice for markets, as it allows Central Banks around the world to stimulate and opens the door for more growth in the US economy. Ignore asset prices. Focus on the macro. This is a leading indicator. HODL.