jalapablo

jalapablo

Two Bitcoin charts, one from 2021, the other current, under the comparative lens of a Wyckoff distribution schematic. Pretty much three years apart to the month. Although not cookie-cutter, the schematics often have an uncanny resemblance to how the Elliott Waves configure themselves universally, and in all time frames. As I shared with my group, barring World War...

jalapablo

XLM looking to put up another judging by accumulation metrics. Supply and demand volume both decreasing in a pennant-forming TR, plus narrowing spread, divided by time, multiplied right beneath the anchored VWAP, equals markup -- or at least a good area for me to begin buying in! Let's hope for good fireworks at the end of this consolidation. Have fun and stay...

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SWFT looks to be accumulating and holding its own above the AVWAP. Decreasing spread with demand tests at the symmetrical confluence usually means a markup is on the books. Let's see what happens here. I'm jumping in with a low-dollar preliminary just in case and will feed the position if it runs. Best case scenario is it runs to the 1 Fibonacci, then retraces...

jalapablo Updated 

EOS is looking potentially strong here. The lows of the trading range have already been mitigated. The PA has elevated from support, passed through TRM (range midpoint) and now hugs TRR (range resistance). Supply is manifesting in volume, but high quantity of selling power is (so far) failing to bring the price beneath this key juncture. This could mean that EOS...

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Here's another potential 30% swing trade I thought I'd share here. Kusama is showing signs of strength after marking up from TRM and then retracing the 1 Fibonacci. As I shared with my group, despite the abundance of supply the price did not fall back into range, and this leads me to believe KSM has too much value to revisit midline and the old range support. Have...

jalapablo

LINK's been showing strength since it rose from TRM with high demand at the trendline apex. If demand continues to come in, we can expect a 25-30% rally as it seeks to close out a series of upper liquidity voids. Have fun, be safe in the markets. Not financial advice. Be sure to subscribe to never miss another swing chart!

jalapablo

Near Protocol (NEAR) has formed a potential triple bottom with the price consolidating on the neckline. If it can establish support here, markup is possible to the 1.618% Fibonacci level. This mitigates the 1.272% liquidity void (6.7) and finally the one at 7.69. All in all, a nice little run if it plays out. Forensic analysis on the 30-minute shows accumulation....

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DOGE is retesting the neckline on the micro. Supply is manifest, but the price isn't retracing in proportion to the volume. This is in violation of Wyckoff law #2 cause and effect. But nothing is for certain. Still bullish on Dogecoin, as I shared with my group. If BTC dumps, all this TA is nullified in any case. But if the line successfully holds, DOGE can...

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Ape Coin is looking to break north from the falling wedge after a failed supply volume test on narrowing spread. I'm riding it up the Fib extension ladder after a .596 preliminary entry point at 1K. This was too juicy to walk away from.

jalapablo

Comparing the aftermath of price action when Gold's ETF was first introduced in November of 2004 with today's Bitcoin -- otherwise known as Digital Gold -- and where we presently sit as we await the SEC's ruling. Will we go up or down? The million-dollar question -- literally. #btc #gold #crypto Not financial advice (but you already knew that, right?)

jalapablo

Here is the current PA of BTC on both the 15-minute and 2-day, side by side, displaying both the micro and macro of the same structure simultaneously. Via specific resizing, the fractal format of the market allows us to see mirror images of what is unfolding no matter how deeply we go in either direction. As above, so below; but also (and more importantly) as...

jalapablo Updated 

We have a potential Wyckoff distribution schematic playing out for BTC as it sits overbought atop a rising wedge countertrend. The volume spread analysis (VSA) seems to confirm this as overall supply has increased throughout the latter half of the range leading up to the UTAD. Whether or not we have arrived at the first of several LPSYs remains to be seen, but I...

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Horns of the Devil emerged at the top of the rising wedge, at the 5-point in a Wolfe Wave pattern. This sign typically appears at the top of macro countertrends and signifies a potential liquidity grab as Market Makers sell the peak to rebuy at lower levels to double-bottom out and establish deep positions in preparation for macro bull reversals. In this case,...

jalapablo

A quick glance at BTC and DXY, eyeballing price action versus volume metrics (VSA). Traditionally, when one goes up, the other goes down. The dollar index looks to be trending strongly in an ascending channel. It passed the trend support retest, rising up through oversold territory back to channel midpoint. This indicates strength. Bitcoin, on the other hand, has...

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BTC is not doing too well beneath the RW. Demand is low, supply predominates, and the PA seems to be seeking to mitigate the prior low of the secondary test in phase b. And this is all happening as the DXY continues to rally. I'm expecting at some point a retest of the low, at least to TR support. A deep shakeout can take us even lower before we see any macro...

jalapablo Updated 

NMR just had an insider demand pump. 1.618% retracement is expected, since this seems to be the pattern with this particular asset. I don't buy pumps; but I would definitely sell the dump in this case. In terms of shorts, it's easy money -- about 30%. Keep it on the forensic TF (15-30 min) just in case. Be sure to LIKE and SUBSCRIBE if charts like these are...

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Cardano is on a downward trajectory. If it keeps up the pace, I expect to see the 1.272 Fib level re-mitigated soon. Under this level would be prime bargain-basement level prices to begin a DCA campaign. Or short. Whatever floats your boat. Possible liquidity grab into overbought territory north of the channel trend before the markdown and retest of the lows....

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Zcash (ZEC), like many other alts, is in a narrow downtrend. Volume Metrics show repeated failures to rally from trend resistance is due to low demand at these important junctures. It is obvious smart money is selling into these upthrusts; dumb money buys the top and then back into the wedge they go. Falling wedges fundamentally are bullish. But these bullish...