tradingj

tradingj

Ethereum has been flirting around the 50 EMA since around Christmas where it broke above it for the first time since May. This is good news but we still need more time to solidify a bottom. The market is still unsure of where it wants to go so I won't be making trades for now. I expect it to trade in a channel from $113 to $160 in the near future. When it breaks...

tradingj

WTC/BTC is currently breaking bullish out of its channel going back to mid November with big volume. I'm looking for consolidation right now with low sell volume and then continuation higher. There have been some alts doing this same thing recently and rallying up to their October levels. If this continues to rally, I will take profit around 0.0005 btc. Trade at...

tradingj

Look at the 4 year cycle of Bitcoin. If history is going to repeat itself, we are very close the starting the next cycle. During the cycles, Bitcoin sees upward price action for 3 years with a parabolic run at the end. Then it sees downward movement for 1 year with capitulation at the end. Not sure if we've seen capitulation yet but we are close. So if this holds...

tradingj

So I'm sure we've all been trying to figure out what's going to happen to the crypto market. I understand we're going through the hard times now as the prices have fallen to the lowest levels since October of last year. The question is do you believe in crypto and the technology? Do you believe it has a place in the real world? We have seen 85% pullbacks in the...

tradingj

Bitcoin is consolidating after rallying to around $8500. It will be a short consolidation in my opinion before seeing more upside. I still believe we will get to 10k in the next 2 weeks. We are also close to a weekly bull MACD cross which will be huge. The anticipation on an ETF being approved is without a doubt the catalyst to this move. If the ETF is approved,...

tradingj

We are now at a crucial resistance point around $7800. There are 3 resistances here that I can see. There is the daily 200 EMA , the descending triangle , and the parallel channel that goes back to Nov 2017. As I predicted, we moved another leg up with good volume . This is very good as it gives us a better chance to break through the resistances. I believe we...

tradingj

Bitcoin continues to hold it's move from $6400 to $7400. Most people would have expected a short term pullback by now but the possibility of an ETF being approved is holding up the price. Other coins corrected significantly compared to Bitcoin. Since we haven't seen a pullback yet, I give it a better chance of having another big leg up soon to around $7900. There...

tradingj

Bitcoin had a strong breakout to the upside and is now looking to consolidate. I expect it to come down to the low $7000's on declining bear volume. This will be a good setup for strong continuation. The feeling around the market is much more positive now, especially with the possibility of an ETF being approved. Resistance will be tested along the 200 MA and...