JacobFranklin

JacobFranklin

Looking for a WT turn at the current support; if that fails, we will look for a WT turn at around 7200 on the daily.

JacobFranklin Updated 

Reasoning Explaing on Chart This is a neutral analysis but currently we don't see much sign of a reversal. We are at a previous intermittent support level which is marked out by the dotted gray line, but no clear sign of a bounce off of that line yet. If btc consolidates and falls below the dotted gray line, we are looking at support in the purple zone.

JacobFranklin

Reasoning explained on chart

JacobFranklin

Obviously nobody can predict the market perfectly or we'd all be millionaires. Just look at this chart here and see where we are in the scheme of things. There's been a huge run up! It looks like it will last forever. Remember how we thought the selldown would last forever? Surprise! Looking for a turn around the channel top. Could be sooner, could be later...

JacobFranklin

We broke the 8500-9000 channel and continued to 9500. Seeing what appears to be strong resistance across all major coins right now, some sell walls and some alts are failing to perform this hour. We also see high RSI and while there is no confirmed sign of a bounce off 9500 it could be a good time to take profits. If you never take profits, you will just ride...

JacobFranklin Updated 

Channel analysis for the near term BTC trend. We have just hit a big surge and I've sold most of my btcs around 8.5k to 9k. We are either heading higher or lower, obviously. Who knows which? Well if someone knew, they probably wouldn't be making a chart on Tradingview and would be on a yacht somewhere. I've included some probable targets for where we might...

JacobFranklin

Same chart could be drawn for almost every sector right now. A few possibilities - a quick crash, a quick reversal, slow descent, small bounce then descent. No buy back signal on the weekly yet.

JacobFranklin

Iota has been consolidating for basically forever. We'll see what BTC does in the coming weeks but this could lead to a huge breakout. Keeping an eye on it. Depends on what BTC does in the next few days but there could be 40% movement out of Iota.

JacobFranklin Updated 

BTC indecisive. The big traders are either extremely bearish or extremely bullish right now. BTC Controls alts movement. They rise faster and drop faster. Recommend paring down a bit and watching that 8500 top of wedge level. Then see what BTC will do and either buy back for more rise or pare down more and wait to buy the dip. We don't have a crystal ball, but...

JacobFranklin

Sell when overbought, reevaluate trend, repeat. Should make 6 to 8% if you bought around 10k

JacobFranklin

Chart Speaks For Itself. We are at support and oversold.

JacobFranklin

Targets to be evaluated later, I've started a small ADA trade. If the support doesn't hold, we have no trade. If it does hold, this is a good entry because we are at support and oversold.

JacobFranklin

Chart speaks for itself. We might be establishing new support. I bought at oversold levels, will unload at overbought levels and then reevaluate the next turn within 2 or 3 days.

JacobFranklin Updated 

IOT may break out of the wedge. To minimize risk, buy before the breakout happens. If breakout fails, since we bought low, our risk is minimal. Could see prices double within a few weeks.

JacobFranklin Updated 

A lot of people called bear over the last week or two and a lot of people called bull once we saw a big uptrend. We thought the downtrend line was broken, but I reevaluated the chart and I don't think it is. And we're getting slightly different charts on USD and USDT. Much of that was arbitrage. The prices are closer now. I think that is a good sign. But I...

JacobFranklin Updated 

Swing Trade Buy on a signal (i.e. 15 minute RSI divergence, a double/triple bottom or a bounce) You are trying to buy about as low as possible, and trusting that BTC is so volatile that the price will go back up. Always near the bottom 50 period BB for whatever time frame your trade is on. A good buy signal is an RSI dip that appears to be forming resistance,...

JacobFranklin Updated 

The chart explains an effective strategy for anticipating BTCUSDT tether swings.

JacobFranklin

Chart is kind of busy, had to delete and make a new one. Breakout is above the PURPLE line (unlikely right now). New trend is more likely on the dotted lines, I am looking for a reloading point where some candles bounce off of the 15min bollinger band. That is the lowest risk setup and the highest risk:reward setup. Stop loss will be below the last...