mjtrustme

mjtrustme

LTC is done correcting as well as the rest of the market but its about to see a leg up. This can be seen by firm consolidation right under the 200SMA. LTC support zones are odd and weird to trade, because it follows bitcoin price so closely. As the moving averages come close together like this it presents a nice buying opportunity for a long or short swing....

mjtrustme

Yesterday I posted an hourly chart depicting an ABC correction in what I thought would be a micro correction. I was admittedly wrong. The 55EMA and the 100EMA both broke down under shorts selling pressure. Shorts brought intense volume at the top of the uptrend we just saw at 9750. After breaking down the 55 and 100 we saw a good bounce at the 200SMA only to...

mjtrustme

bitcoin is in a corrective neutral state beaing bearish short term but bullish longterm. DEFENSIVE TRADING/ Intelligent investing. With that said we can look at the chart objectively and come up with a quite simple analysis for what we can expect next. Overview: bitcoin has been rejected at the big 200SMA on the daily chart and is finding support of the 55EMA....

mjtrustme

The price action has driven below the support of the 50EMA and has touched the 100EMA. This created a Basic Corrective pattern for a larger extension in the new bull cycle. To confirm the ABC correction complete we need to see some upward price action and we need to get back above the 55EMA. If we can at least bounce out of this zone and consolidate towards that...

mjtrustme

Wanchain is newly created and has a lot of potential. It is slowly but sure creeping up. I usually don't support pre mined coins but I'm liking this platform and I think I'm about to go in on it or a relatively long swing position. Once we have a small break out it will rally to new ATH. This Alt is a dark horse, not a lot of people talking about it but they...

mjtrustme

ETHREUM CLASSIC and a few other Alts are about to go back and test all time highs as the summer opens up. Grab a bag and hold on tight, we are going to....you guessed it....the moon. The wave I posted is just a simple way of looking at it. I don't support waves to much but for this it is easy to see we have retraced down to the 78.6% retracement level, floored...

mjtrustme

bitcoin is showing two confirmed higher lows and a strong bullish pattern via the 55,100,and 200 moving averages. You see the last higher low was a correction to the 55. Everyone is waiting for a steeper correction which is understandable but it will not correct any where lower than the 200 SMA with this, buyers might even step in at 100 EMA if it breaks through...

mjtrustme

Its simple. bitcoin is catching resistance at the 100 EMA. This will cause us to see a correction to the 55 EMA as a retest for support. Buyers will step in at that point and reengage the market buying it up to break above the 100EMA test the 200SMA at which point we will more than likely see a correction there to the 100EMA as a retest for support where again...

mjtrustme

Litecoin is setting up and is looking great. This is a key indication for BTC setting up to go bullish as well soon. When LTC is pumping we are likely to see the same effect n BTC and in vicaversa. We saw a double bottom on the 100 EMA and a strong bounce off of that. After that we can see that LTC came down and touched the 200 SMA and continued upwards...

mjtrustme

Everyone is still stuck on the downtrend. I see bitcoin painting a bull flag in this zone and priming in this space here for the longest time now. On top of that we have two huge bullish indication in the MASTER MA's. Indication1: 55 cross over 200 Indication2: 100 is about to cross over 200 In a couple of hours if the bears don't break BTC down to touch the...

mjtrustme

LSK is about to break out in a new cycle. It has been priming and is making a triangle pattern as many other market leaders such as EOS and ADA did. Same pattern and the same stacking of the Moving averages. The 55 EMA is right under the 100 EMA and the 100 EMA is right under the 200 SMA. This is a good sign. BUY: 13500 SATS SELL: 14000-15000 SATS

mjtrustme

Analysis: bitcoin just finished a standard ABC correction pattern. It came down to test the 200 SMA it overcame a couple days ago and continued to rally upward. As it came back to the initial chokepoint it broke down again. At this point the 55 EMA crossed over the 100 EMA and buyers stepped in. The bear flag was denied here. Looking forward we have a few...

mjtrustme

If you haven't noticed strong projects like EOS and Cardano ADA are leading the market right now. They are both correcting and getting close to a point where we figure out if this correction is steeper or if the run continues. Right now EOS is finding some support at the 50% retracement level and also at the 100 EMA. If this level breaks it will most likely go...

mjtrustme

bitcoin is correcting after about two days worth of pumping. RSI was extremely overbought and now price action is proceeding to the first level of support which is the 200 day SMA support. If BTC can hold this support zone we are setting up to clear 8.5k in a few days. If support breaks an even steeper correction will be saw to the 100 EMA day and finally the 55...

mjtrustme Updated 

Prediction: Im calling floor and Im calling BTC breaks out and tests the downtrend line area for a finally determining factor. It will over come downwaerd pressure and set a course for 10k.

mjtrustme

I dont usually call shorts but I just see to many zones of resistance in this area. Stellar will break out shortly but I am not confident in its ability to piece the resistance zone here. Showing some higher lows here with firm confirmation on the MA's stacking in proper order. Still will open a short and not worry if it takes off. Buy: 3000 Targ1: 3350 Targ2:...

mjtrustme

After years and years of deprivation now that others around the world seek to consolidate their wealth into other means Gold is toughing its haunting 2 years ceiling. All MA's are supporting Gold, it has scored higher lows....what more do we want? Manipulation at its finest, however I think we are going to break out soon.

mjtrustme

Cardano ADA is forming higher lows. On top of that we are also seeing 50 EMA 100 EMA and 200 SMA stacking and pulling each other up and to the right. These are two heavy indicators that Cardano ADA is about to proceed into a small cycle. I suggest going long as I often do, if ADA can pull off of the first resistance line we are clear. If you would like take...