JA91

JA91 Updated  Jul 26, 2021

The consolidation range BTC has been in since the big initial drop in May is starting to look a bit like a sloping flag as it is leaning slightly more in the same direction as the downward momentum. This might indicate seller exhaustion and an incoming reversal pump which if measured conservatively from these levels can take us back to the 60k region. Any...

JA91 Jun 9, 2021

Potentially reaching ~$760 if this inverted H&S plays out, however overall market conditions (i.e. what bitcoin will do) will ultimately dictate if this plays out or gets invalidated.

JA91 Feb 18, 2021

The bull flag identified in January (idea linked below) was pretty textbook and played out exactly as one would expect, hitting our target of roughly 52k pretty much exactly (green line), which is where we find ourselves now. However now we seem to be forming a sloping flag structure in this area, which indicates buyer exhaustion, this is idea is further...

JA91 Updated  Feb 5, 2021

MKR/BTC seems to be forming an inverted head and shoulder, with an upwards potential of roughly 30% if it breaks out above the white resistance line. From a fundamental perspective MKR seems undervalued compared to its peers in the Defi space, with a current market cap of roughly $1.5b, below most big Defi players despite the fact that it can be seen as the...

JA91 Feb 5, 2021

The Inverted Head and Shoulder identified a few days ago has played out nicely (albeit there was a brief drop below the neckline after the initial pump). The measured move indicated that the target was exceeded (green lines), however due to the state of the altcoin market, and in particular the DEFI narrative, i remain bullish on MKR in the mid-long term for the...

JA91 Updated  Feb 1, 2021

Starting to look like a potential bull flag forming on BTC below 40k. If it continues to consolidate between now and mid February, a breakout to the upside could see us go to between $50k and $52k based on a measured move from the previous all time high (~20k) to the top of the flag pole (~40k).

JA91 Jan 21, 2021

Symmetrical Triangle formation looks to be breaking to the downside. Using Fib Retracement from Mar20 low to recent top; if we cant hold Level 1 (0.23 level) or get back into the triangle in the immediate future, i am eyeing the next Fib-levels indicated by "Level 2" and after that "Level 3". If these fail, the measured move from bottom to top of the formation...