jpbrown1023

jpbrown1023

Looking at the 4 hour chart, Bullish divergence on the MACD, 15 on the RSI, touching the lower boundary of the falling wedge. The last time the RSI was this low was in December and 2 weeks later, the price had exploded. BCH fans may have their day in the sun very soon, especially with Bitcoin exhibiting such weakness at the moment. Will we see the Cashening?! I...

jpbrown1023

Looking at the 4 hour chart, Bitcoin is quickly approaching a major trend line in which I believe is a do or die moment not only for Bitcoin, but the entire market as well. Bitcoin currently finds itself in a falling wedge as it rapidly approaches the $7,200 mark, which is a key price point because it is the 78.6% fib retracement from the $11,700 high a couple...

jpbrown1023

Looking at the 4-hour chart, Litecoin has a history of having very steep falls in price followed by very quick rebounds. RSI is 18 at the moment and in a falling wedge both bullish reversal signs to me. Expecting a big jump back up to .019 or more on the rebound. The risk/reward well in your favor.

jpbrown1023

Looking at the 4 hour chart, VeChain has retraced a little more than 50% since hitting an all-time high back in January. It is in a falling wedge which will eventually break to the upside, but I believe it still has further down to go. As I outlined in red, VEN is in a downward channel. I think this channel would lead the price to the 61.8% retracement mark as...

jpbrown1023

YOU BITCOIN! YOU! This is a fun post based off a previous article I wrote back at the beginning of March (). What I noticed was we had a near identical replication of the price action on the way down as we had on the way up. And while a lot of doom and gloom posts have been inundating Trading VIew, I am a little more optimistic. The MACD has had bullish divergence...

jpbrown1023

I know there are a lot of Verge fans out there. Looking at the 4 hour chart It's been 3 grueling months since XVG peaked at around .00002 in December and in that time it has fallen to a low of .00000325. But since hitting that low on the 18th, Verge has been on fire more than doubling its price. It is currently consolidating after a 50% gain yesterday and finds...

jpbrown1023

Looking at the daily chart for Ethereum, we can see a massive cup and handle pattern. The handle itself has formed a narrow falling wedge which has taken ETH beyond the 61.8% fib retracement from its high at the beginning of February. The last time it was this oversold in December, ETH went from .024 to .123 in 2 months! I will be looking for a break out of this...

jpbrown1023

Hey guys and gals, I've seen a ton doom and gloom in the charts from everyone on Trading View today. Sometimes I believe we get so caught up in the news that our biases take over and we fail to see the bigger picture which could be staring us in the face. Taking a look at the 4 hour Bitcoin chart, I see a possible inverted head and shoulders pattern that could be...

jpbrown1023

Looking at the 4-hour chart, we can see that Stellar has formed a falling wedge pattern since hitting its peak in January. Price action has remained within the pink downward channel and I believe, like most alts, it is waiting for Bitcoin to turn into full Bull-mode before it will break out of its wedge. It will be interesting to see if the price can stay above...

jpbrown1023

Bear flag, bearish cross on the MACD, looking like it will shortly be on its way to $8,300. I will be looking to see if we get a big bounce or if this will be another pit stop on the way down.

jpbrown1023

This looks like it's ready for takeoff. Here are some of the targets I am eyeing.

jpbrown1023

Looking at the 30min chart, there was bullish cross of the 50MA over the 200MA (Golden Cross). The price is currently finding support along the 200MA and we have a bullish cross on the MACD. Look for upward price movement to the neckline and beyond if it completes the inverse head and shoulders pattern.

jpbrown1023

Bearish cross on the MACD means we are probably destined for lower prices here shortly. I'm anticipating the BTC price to fall back to the green downtrend line, gather support, and rebound back to the neckline line, thus completing the inverted head and shoulders pattern. Given a head height of ~$1,400, my target price is $10,000 if this pattern were to complete.

jpbrown1023

Looking at the daily chart, you can see that Bitcoin Cash (like Bitcoin) is quickly approaching the dreaded "Death Cross" or when the 50-day moving average crosses the 200-day moving average. A cross of these two would be very bad for Bitcoin Cash and would likely trigger more selling, sending it to new all-time lows. Coincidentally it has an almost completed...

jpbrown1023

What better way to kick off St. Patty's Day weekend with some Bitcoin Gold?! This coin could use some luck of the Irish right now. I tried to dissect every aspect of this chart with trend lines to see if there was something I was missing or if there was a clue as to when my Gold would double. Maybe this is the weekend? This is a funky chart as it had two really...

jpbrown1023

Anticipating a break to the downside out of this wedge.

jpbrown1023

I see this as a possible scenario to maintain the uptrend and regain the support of the bulls. Go BTC!

jpbrown1023

Bitcoin has had 3 major prior corrections after hitting a trend line and after it double topped at $11,700 on March 5th, the price has continued this pattern. Coupled with a completed head and shoulders pattern, Bitcoin is most likely destined for further capitulation. I anticipate a retest of $6,000 level. The head and shoulders fall estimate matches with this...