jonnieking

jonnieking

A bit concerning seeing CRYPTOCAP:TOTAL2 get rejected at the 50WMA and close below it for the 3rd consecutive week against CRYPTOCAP:BTC Also flirting below the neckline breakout. PA is still above the EMA9, which needs to hold to keep momentum. Saving grace is the bullish divergence on the RSI.

jonnieking

CRYPTOCAP:BTC looking hopeful closing the Week just above previous ATH POI and above the SMA9. PA needs to stay above this to keep bullish momentum. the CME Gap was filled, which was the main objective on this correction. Let’s see how the market reacts on judgement day tomorrow 🤓

jonnieking

Technical Analysis really is a beautiful thing. As mentioned, price heading down to ~$111k. Had a small bounce off the 50DMA at $112k. Hopefully PA doesn’t range for too long in the previous ATH POI. That will really take steam out of the bull’s engine. I’m expecting one last flush to push the RSI a bit lower before we can continue the trend back up. As...

jonnieking

CME Gap + Bad Bart is like taking candy from a baby 👨🏻‍🍼 Look at that textbook bounce off the .382 Fib 🤓 Pain ain’t over folks. RSI still shows room on the downside 📉 Global Liquidity drain on the 4th. Looking like the 50% Gann Level is next ~$111k Get those bids in 😎 And never forget the BullTards who were telling you about the “Bollinger Band Squeeze” and...

jonnieking

2nd Consecutive Weekly Close above the 50MA for CRYPTOCAP:ETH ✅ Volume to confirm the breakout. ✅ RSI has bottomed. WHAT TO WATCH 👀 ┛Bullish Cross on the 20/50MA to confirm the next leg up. ┛Approaching some resistance ahead at the .236 Fib ┛Expect a small pullback in the next week or two so make sure to get your bids in. Remember the rotation: ✅ BTC > ✅...

jonnieking

Once again, highest Weekly Close on the Crypto CRYPTOCAP:TOTAL Market Cap ever. PA continues to trend above the EMA9 and POI. It’s worth noting Bearish Divergence on this local level. 
I do not believe this is much to worry about however and have discussed this in prior analysis which I will post in the comments. Strong Volume has shifted in the Bulls...

jonnieking

Beautiful cup and handle on the SOL / BTC Weekly chart. Need to break above the neckline and reclaim the POI. Double bottom on the RSI matches just before the rip in July 2023.

jonnieking

Someone posted on one of my tweets the following: " Jonnie my bro, the only problem for me right now is that btc didnt top yet. You also talked how btc shoud top around 200k range. Alt season can only come when btc reach top" MYTH DEBUNKED ✅ CRYPTOCAP:BTC does NOT need to top in order for Alt Season to commence. Both can and will occur in tandem 🤝

jonnieking

BULLISH DIVERGENCE on CRYPTOCAP:TOTAL3 against CRYPTOCAP:BTC 🏁 You will see every time the RSI passed 50 on the Weekly chart in the post-Halving year it signaled Alt Season 🚀 This coincided with 3 tests of this level at 50, with the 3rd test being the real breakout 🤌🏼 Volume confirms change in trend 🏁 AWAITING CONFIRMATION 🚨 🅾️ Close several Weeks above...

jonnieking

I suspect CRYPTOCAP:ETH has a bit more gas in the tank, but the early signs for the real Alt Season are nearing. RSI on the weekly is nearing the June 2023 bottom which kicked off the massive bull flag formed on SOL / ETH for the next 2 years. Still too early to call at this point tho. Need volume to really burst through in the next week or two. I’d also...

jonnieking

ALT SEASON ALERT 🚨 CRYPTOCAP:ETH Closed the Week ABOVE the 50WMA Historically this has signaled the start of ALT SEASON. *NOTE* 2020 had the pandemic hiccup. This bottoming pattern looks very similar to the 2017 explosion. Also the RSI matches the 2019 bottom. Dare I call it yet bros? 🤓

jonnieking

SOL / ETH loses the 50WMA. Has been trading below it for the past 7 weeks, something we haven't seen since 2021. Has also broken down from the 8 month bull flag / parallel channel. Retesting the key POI I've been eyeing. HOPIUM: We've seen great rallies after CRYPTOCAP:SOL goes down ~40% vs CRYPTOCAP:ETH , which it is at now. We SHOULD see a...

jonnieking

CRYPTOCAP:BTC appears to be headed towards an ABC correction after this impulsive 5-wave move to the upside Would be a great opportunity to fill the CME gap ~$114k Lines up perfectly with the 50% gann level retracement to confirm the next leg don't shoot the messenger.. just sharing what i'm seeing 🥸

jonnieking

Reclaimed the .236 Fib 🔥 Volume to confirm ✅ Bullish crossover on the 20 / 50MA It’s about time!!! CRYPTOCAP:LINK Marines Unite 🪖

jonnieking

What a FILTHY Weekly Close back within the POI 🚀 Bulls are back in biz, for at least the next few weeks. I’m expecting a bit of sideways chop here, and the next leg up the first or second week of August. This is in no way, shape or form a call for “ALT SEASON”, yet. Still need to see what happens in the next few weeks, BUT IT LOOKS PROMISING 🙏

jonnieking

YUUUGE Daily Close today for CRYPTOCAP:BTC Bullish cross on the 20/50MA. Appears to have broken out of a bull flag. Need PA to stay within this POI in order to confirm another leg up.

jonnieking

CRYPTOCAP:BTC closes the Week with a Big Bullish Engulfing candle back within the POI. Should retest ATH soon.

jonnieking

CRYPTOCAP:SOL closes the week with a Bullish Engulfing candle. 50WMA at $170 next target to smash.