jordanfray

jordanfray

The On Balance Volume indicator on the 1 day chart appears to be showing a bullish pattern of a bull pennant break out and retest. I've been watching this for a few months and I'm not convinced that the price of BTC is going to retrace significantly from here. I'll continue to watch this closely and see how it plays out.

jordanfray

While it is hard to predict what the impact the halving could have on volatility over the next week, it appears the BTC has swept the range lows, stayed inside the bull flag, and held OBV support. Bullish divergence on RSI 1HR confirms RSI reset is complete and we can (hopefully) start moving back towards the top of the bull flag over the next 2 weeks. I am...

jordanfray Updated 

BTC dropped to the range lows on the daily timeframe and bounced at the top of the ascending channel that formed between October and February. While a lot of people were panic selling, I was DCA'ing into long positions with max risk of 5% of account should I hit my stop loss at 58,000. The 100 EMA on the daily timeframe is around 58,300 and if we go below that,...

jordanfray

A Fibonacci channel, drawn from March 2010 to November 2022 shows that the levels have been upheld as key resistance and support levels. Now that we have surpassed the 2021 ATH, the next stop is the top of the channel around $78,000. Many are calling for six figure BTC and I think that is totally possible in the coming year or two. However, I think $78,000 may...