jpbrown1023

jpbrown1023

ARK's price action this past week against BTC has been very bullish. Since breaking above the daily MA200 in May, the price hasn't looked back. It also broke above two key trends in green and blue which have kept the price at bay for a year now. If the price can manage to stay above support, ARK may be poised for some very big gains.

jpbrown1023 Updated 

Ethereum has broken overhead resistance on the daily. Look for higher prices here soon.

jpbrown1023 Updated 

Here's my take looking at the daily chart for BTC. Since mid-March, Bitcoin has made a great run from $3,700 to $10,000. The current price action has been moving within an ascending channel and is forming a continuation triangle, which suggests a break to the upside. However, we can see that Bitcoin broke down below the main uptrend from $3,700, which is now...

jpbrown1023

The Bitcoin Bulls are showing a lack of conviction when they need it most. I know many are hoping to maintain the hopes of a continuation triangle to the upside, but the price action and indicators are showing weakness. I think the OBV is a good indicator for future price action and I use it quite often. Taking a look at the 1-hour OBV, the weakness is apparent....

jpbrown1023 Updated 

Taking a look at the daily time frame for BTC, we have had one hell of a run since hitting $3700 in March. However, BTC has hit a bit of a wall at at the $10k mark. You can see the mohawk of seller wicks from the last couple days. This doji like setup is usually indicative of a reversal. The MACD is battling some overhead resistance in green. If you compare the...

jpbrown1023

BTC has been hot of late. The price action is hitting the top of its ascending channel, but you can see the bearish divergence on the RSI and MACD indicators. I'm prepping for a pullback. I think if the price action can't break resistance at the top of the channel we could pull back to the bottom of the channel. I will re-evaluate once I see how the price action...

jpbrown1023 Updated 

I was reviewing some old charts and SALT/BTC caught my eye. SALT's price action recently did a 3x move after hitting an all-time low and broke through a major resistance trend that it had kept it down since May 2019. The price just bounced off the .781 Fib retracement level and is finding support on the MA200. There is hidden bullish divergence on the daily MACD...

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Unreal

jpbrown1023

Bitcoin is being its dramatic, usual self, leaving us in suspense of which direction it will head. Personally, I'm biased to the downside and there are several factors that I am taking into consideration. First off, after failing to hit a lower high, the price action fell below support and that support is now acting as resistance. Not only that, but we have a...

jpbrown1023 Updated 

This is a bad set up for the bulls here. The drop from earlier today caused Bitcoin to fall out of the blue megaphone pattern it was forming. B If I were a bull, I would be cautious. You can also see a possible Head and Shoulders pattern forming. If the overhead resistance holds, you will see the formation of the right shoulder. I have a HS target level of $6100,...

jpbrown1023

This is a straight forward chart here. The price level that BTC is struggling to break is quite a significant level if you look back through its history. $6500 has acted as support for most throughout 2018 and we even touched on it twice in 2019. But what once was support, can become resistance. And if BTC gets stuck below $6500, this could be very bad for BTC and...

jpbrown1023 Updated 

Hey everyone! Looking at today's 4-HR chart for Bitcoin, here's what I see. After today's $700 pump, most people are very bullish. However, part of me is leaning the other way and I'll tell you why. I quickly take notice to the dominance the MA100 has had on the price action since February. Four times we have tried to break it since falling underneath it and every...

jpbrown1023

Looking at the 4H chart for BTG/BTC, BTG has been making some bullish moves that should not be ignored. We can see that BTG broke out of its falling wedge and is currently testing the top of its descending channel.The price action has set up a nearly complete inverse head and shoulders pattern. We have had several pops above the trend only to be pushed back down...

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BEARUSDT for those who are unfamiliar with it is a leveraged token (3x) offered on Binance. Looking at the price action for Bitcoin as it battles the $5900 level, I am considering this short. It could be very lucrative if correct. The price action is hitting support. You can see support on the RSI and there is hidden bullish divergence on the 4-hour MACD. Have a...

jpbrown1023 Updated 

Taking a quick look at BTC's price action today, I have highlighted the bear flag it finds itself in. The movement today was strong as we almost hit $5900. However, we may be set up for a strong correction. You can see that we have had slow, steady rises in price followed by 2 hard falls. We are in a precarious spot at the top of the bear flag. It may be best to...

jpbrown1023 Updated 

BTC is struggling to overtake the $5,375 region. Every previous attempt completely retraced below the trend. That signifies to me that the sellers are in control. You can see bearish divergence on the MACD and the rounding of the price. I'm preparing for a short. If we break the yellow overhead resistance trend, I will close and re-enter. But I think BTC is headed lower.

jpbrown1023 Updated 

BTC is hitting overhead resistance in this megaphone pattern. Look for a possible short here.

jpbrown1023

ENJ has a repeating fractal I believe is worth noting. The last time we completed this fractal, ENJ grew 9x in about a month. This might be a great time to nab some cheap ENJ before things take off. Keep your eye on this one.