jpbrown1023

jpbrown1023

Hey guys, here’s a Bitcoin update. So looking at the 30min Bitcoin chart, you will see I drew a lot and unfortunately, I drew more bears than bulls. Looking at Bitcoin’s current position I see that my previous falling wedge idea is still valid, but in keeping it real I still outlined another possible bear flag in the making. This bounce off support will be most...

jpbrown1023

Hey guys, here's what I see looking at the 4 hour Bitcoin chart. After completing a double top on March 5th, we have made our way back into bear territory and bear flags can be seen everywhere. In fact, we currently find ourselves in a bear flag at the moment. After completing a rising wedge (4.), the price tanked to the bear trend line from December's all-time...

jpbrown1023

Looking at Bitcoin's 4 hour chart, we can see a potential head and shoulder pattern forming. The MACD is also indicating a potential reversal here soon. Keep this in mind and take the necessary precautions if this pattern completes. If it does, we could be headed back to $6k territory.

jpbrown1023

Great team, great project, great tech... Great things to come for this coin!

jpbrown1023

Bitcoin has found itself in a nasty downward channel back to bear territory, but I believe there is hope to get out of the channel. Bitcoin has found support along the dotted pink line. If the price were to continue along this support line, it would run directly into the upper boundary of the channel. We will see how strong the support is there because if it can...

jpbrown1023

Looking at the daily chart, Walton has been in a downward channel (purple) since hitting its high at the end of January. Walton recently announced several strategic partnerships (CAAC and Alibaba Cloud), which caused a break from the channel, but it quickly returned back into it which is not good. But while I say, that there still is hope. The price is currently...

jpbrown1023

41.8% BTC dominance vs. 4.6% BCH Someone... anyone, please take the lead

jpbrown1023

Hey guys, here's an update on what I see on the BTG 4 hour chart. This coin hasn't done anything since it's pump in November and is in a falling wedge similar to BCH. Bullish divergence on the MACD and RSI. I think this coin could move fast. I'm setting a buy price beyond the pink trend line for confirmation of the breakout.

jpbrown1023

Looking at the daily chart, you can see that BCH price reversals are initiated by hitting trend lines. A hit on a solid yellow trend line causes the price to go up, while a dotted trend line or the top solid blue resistance line pushes the price back down. Where will the next trend line be? We'll see. We have a falling wedge (bullish) inside a massive pennant....

jpbrown1023

Looking at the 30m BTC chart, Bitcoin is looking very bearish. Yesterday's dump not only fell through our support line from February 8th, but we fell below the original downtrend line set from its all-time highs back in December. And if that were not bad enough, we formed a bear flag which continued into the price plummeting below to the $9300 support level. For...

jpbrown1023

Here are some patterns and trend lines that I'm watching. If you see something to add, feel free to share.

jpbrown1023 Updated 

Near bullish cross over on the MACD, triple bottom on the RSI (currently 24), falling wedge (bullish)

jpbrown1023

Looking at the 4 hour chart, DGD has completed a beautiful cup and handle and is currently sitting on the pink support line. We are now waiting for a confirmation break out to the upside. Dotted lines show potential areas of resistance on its way to lunar orbit. Please see my note on the head and shoulders if the pink support line does not hold. This is not the...

jpbrown1023

19 bar head height, means this could be a monster to the downside if the pattern completes. Keep an eye on it.

jpbrown1023

Taking a look at XVG on the 4 hour chart. Verge has been consolidating since it's massive run up in December. I see a falling wedge pattern indicated in blue. Price action managed to break through a resistance line about 2 weeks ago, which has now become support. If this support line can hold, we could start seeing the price squeeze with that upper blue boundary...

jpbrown1023

DGD has a nice cup and handle pattern showing. It has also been moving inversely to Bitcoin. Since Bitcoin is currently in a rising wedge, I am anticipating a price reversal to the downside here soon. This would in turn clear the runway for takeoff for DGD.

jpbrown1023

As you can see from Bitcoin's 4-hour chart, January 20th to February 6th's pattern has been mirrored so far in the chart February 6th to today's. I'm not sure if history is going to repeat itself, but Bitcoin currently finds itself in a rising wedge. Our last two attempts to crack $12,000 have fallen short and we have failed to make higher highs. We have more...

jpbrown1023

Bitcoin is looking good after breaking that second trend line, but there is resistance so wait on confirmation of the breakout.