jollygreen

jollygreen

Hi all, There is a lot of hype in the markets right now about PayPal being interested in cryptocurrencies, but no one can really understand the impact or direction of the current trends until we get to a stable point in the market with working payment system using the PayPal API. No one really knows how the PayPal platform will even work much less if people using...

jollygreen

Hi all, Here we find ourselves still in limbo mode near the bottom of the structure from early March. It appears that Bitcoin is creating a bearish ascending triangle structure with a little bit more room to move up. However the global trend is still downward. The next few days will be critical to see if the the market action turns into a bullish reversal or...

jollygreen Updated 

These are snapshots Bitcoin with the four screen trading method documenting trends in the recent price movements. These are more for my historical reference, but feel free to check them out! I am a simple market analyst - not a financial analyst fortis Fortuna adiuvat - fortune favors the brave Learn to trade: cliftrade.com

jollygreen Updated 

Hi all, It has been a crazy week with a lot of volatility. We've been seeing 4-5% moves in BTC every few hours. I hope you've been using your oscillators to identify the whip points and profit on the shorter time frames. I've been loving this shorter time frame chart setup using 5 minute, 15 minute, 45 minute, and 120 minute time frames. I have it setup where...

jollygreen Updated 

Hey guys, I hope you are all having a great Saturday! I was looking at BTC across several different time frames last night using a four screen method and noticed that the market is losing strength up to the 2 day time frame. Chart Time Frames: 1, 8, 21, 48 Hours Indicators Used (top to bottom per chart): MACD RSI Keltner Channel Quad short-term...

jollygreen Updated 

Hi guys, Today presents an interesting situation with the triangle that is forming. Granted, there have been large volume spikes and market volatility which makes the actual ABDCE count hard, but I think it is still there. The two primary options are either be a bullish reversal triangle triggering a movement upwards or a contracting triangle with a large move...

jollygreen Updated 

Hey guys, I hope this post finds you all well and trading safely. I just wanted to post this update about BTC's unexpected movements recently. From reading the other TV posts, there's been a lot of talk about the support levels and bounce zones. I haven't seen another post on the Golden Pocket 0.65 fib yet, so here we are. We just reached this level this morning...

jollygreen Updated 

This idea is an update continuation of my main trading idea from 08-09-2019. We are seeing the next wave down building up now and breaking through our short-term supports! We need to see some more volume here for the next movement. I am still following the major trend until the market proves otherwise. That trend is down! Just in case the trend flips on us, I...

jollygreen Updated 

We are nearing our first support zone with this BTC drop. So far, it fell though the .65 golden pocket fib (from the smaller more recent bounce) near $10.5k and is heading down toward $9.6k. Will this next support hold at around $9.2k? We need a bounce or more sideways action to stabilize things before we see lower price points. The other alternative is a quick...

jollygreen Updated 

After an interesting day of the bears vs the bulls, BTC is finally at channel support at $6400. Let's see if this holds the next few hours. There may be a potential long position to roughly $6900 near the top of the channel. We need to wait for confirmation. Failure to climb could result in continued sideways motion and a drop back to the $6000 region. RSI is...

jollygreen Updated 

Here's a few helpful tips I have learned trading RSI in a bear market. Watch for trends and act accordingly. Open shorts at good entry points with a stop loss right above it. If your stop is hit, do not panic. Just admit you were wrong and go long/buy into the trend if the buying volume and price action is strong enough. For shorting, watch for the RSI bounces....

jollygreen Updated 

Testing to see if this has potential to be an impulse wave. BTC is at the golden pocket 0.65 fib with long wicks retracting.

jollygreen Updated 

Hey guys, I just noticed a trading gap on BITFINEX that occurred last night. It is the first one I've seen on a larger time frame. It is visible on the 1, 2, 3, and 4 hour time frames. Is anyone else seeing this? Is the market really this bear or could that potentially be a tradingview hiccup? Also, the daily EMAs (8, 13, 34, 55) just crossed. We could be heading...

jollygreen Updated 

Hey guys, DOGE is still correcting. Here's an idea of wave counting it with WXY double three patterns within a WXYXZ larger pattern. Looks like Z will start the cycle all over again in the next month or so. Watch for the buy zone! This is an idea of the current DOGE market and future market movement. The current markets are highly volatile and can change at any...

jollygreen Updated 

RIPPLE dropped nicely and looks to be entering an ABC corrective pattern. We just saw Wave A at $1.64 - matching the 4 Wave range. Our next target is Wave B at about $2.25 - matching the 3 Wave range. After that, Wave C should return to at or under $1.64. It could continue a downtrend after this point or bounce off the $1.60 support and continue a new impulse wave...

jollygreen Updated 

Long-term Outlook: BTC is continuing to move towards the major resistance trend line. The lack of volume and short-term bearish signs are concerning. We may retest the bottom of the structure before we reach the major resistance trend line. Short-term Outlook: Daily RSI and MACD are both turning negative and signify a bearish trend. If this trend persists, we...

jollygreen Updated 

Hey guys! I hope you are having a good end of your week and make some good decisions and trading positions this weekend. I took a break from TV charting for a bit to refocus on the fundamentals. Now, I am back to swing trade based on the indicators I see in front of me! So, let's get to it! Many traders, gurus, and analysts are trying to figure out which way...

jollygreen Updated 

BTC is testing the support now at 3820. Let's see if it holds.