mljones

mljones

The idea is silver will often give a buy signal on the 200 ema after they've tried to monkey with the economy by flipping interest rates all around. Sometimes their actions work and sometimes it doesn't. The idea is to wait for them to stop playing with the interest rate and things to calm down a little and then when silver tags the 200 weekly ema that's a zone...

mljones

It's hard to find entries on ultra strong stocks like this. But looking at the weekly chart we see that the median of the fork created by the 2008 crisis has not been touched in a long time. This gives an idea to match that median with a low volume zone on the volume profile. Should another global financial crisis arise then it may make a similar buying...

mljones

These line up with probable liquidity hunting zones on the monthly chart to fill in low volume notches on the volume profile and using fork extensions to estimate timing. The bottom end of the zone is less likely around $15 because the point of control is at $16.5 and would probably tend to soak up price tests through it. But the trade idea is still valid even if...

mljones

TLDR: Flat on stocks, waiting for very deep discounts several years in the future Details: Expecting it to make another megaphone shape similar to the one it made from 2017 to 2020. The idea is it will hunt for liquidity under the 350 swing. This means to watch for a buying zone in the region of 372 to 290 from around July 2025 to May 2026. This zone also lines...

mljones

It's following the idea posted in the attached chart where I looked into how BTC tends to dump out near its halving date and then recovers a few weeks later. I did a spreadsheet a while back looking at its past post-halving dump and recovery paths and the green vertical box area is where I expect it to make a good dollar cost average buying region. Previously...

mljones Updated 

Short intraday bias, still don't have an actual position on this yet, will mainly be looking for a support/resistance style of trade where it dumps below and tags prior support, probably the bottom of the bart itself. Once it gets to 5800 or so I will be looking to add on to my long term long account and buy crypto on a dollar cost average basis. I will not be...

mljones Updated 

When it heads up to the top of a channel like that in a big swoop then stalls out the most logical thing in a bear market is to expect a bart. People are getting all frothy about it shooting to the moon from here but I am not buying it. I am not actively shorting it yet but I am lightening up a little on the long term long positions I accumulated at lower prices...

mljones Updated 

This pattern on OBV has happened many times before during bart BTC patterns. It's consistent with the other analysis mentioned in the attached chart. I expect the X point to be the high and the next target is the bottom of the channel below Y.

mljones Updated 

Intraday scalping bias is short, I also intend to scale in for the long term at the buy zone, probably about half my overall position. I'll figure out what to do with the other half depending on the price action then and also how I think the halving will play out. I think this summer will represent an incredible long term buying zone. The key to trading it will...

mljones Updated 

This downward move is enough to change my intraday and swing trading bias to short. Chart is same as previous with target around 5800 in the green buy zone box. I actually am long term bullish on this and ultimately looking to buy if it squeezes in that box. However that probably won't be for a few days if not a few weeks. The lower bollinger band will be both an...

mljones

The recent distribution bart/bull trap showed up on the 15 minute OBV as divergence similar to this previous chart on that idea: It seems like it's not so easy to actually use OBV to identify it as a bart while it's taking place since it's very dependent on finding the right bar length (that is, 15 minutes works better here than 4 hours). However once it is...

mljones Updated 

I have my doubts about the recent bullishness. It's hard to make the case that this is a perfectly flat top triangle which would be bullish. Overall the top of the triangle has been getting nudged upward as it fills in which means there isn't necessarily a huge chunk of buy stops waiting above it to explode upward when it breaks the top of the triangle. Instead...

mljones

I was looking at allegorycave's chart at and it occurred to me that we might be building a great big bullish diamond shape. If it starts to fill in the other half of the diamond that would make it much easier to time the breakout. It seems to be lining up with the expected breakout timeframe after the halving. Diamonds are typically reversal patterns with a...

mljones

I've been waiting for a higher low on BTC with low volume to signal bullish accumulation has completed. I still haven't seen that yet but right now it's printing quite a strong bearish wick on the 4 hour chart which could signal the start of a move down to 5800 or so, and that might end up being the low volume higher low. I am looking to accumulate in my long...

mljones Updated 

Kind of a text book elliot count, hard not to be long here. Stop under swing low, will scale out at day mid and day high, maybe keep a swing runner.

mljones

Since it just completed an impulse the plan for over night trades is a breather. Not really looking for a huge dump from here but it will want to build a base here and probably tag 5900 at some point. Overnight bias is to buy in the green and sell in the red. I'll do a separate chart on the possibility of it dumping back to the 5300 point of control region.

mljones Updated 

The 5 wave count to 6200 is a bit optimistic, it could also just fail at 5900. It's good that it's testing the top of the range and printing somewhat high volume but overall I am still expecting an attempt to tag the 4400 area is still in the works. This movement has enough shape to it that we can finally start making approximations of elliot wave counts since...

mljones

It's squeezing the ATR down around 5200 which means it's going through the process of building a value area so it can eventually break out of the range. 6000 would be a good area to look for swing shorts. Entering a swing trade while it's on the point of control is a bad idea because it will probably get chopped even if the trade is correct on the...