JJMa

JJMa

Zero Analysis other than another bear market rally fueled by hopium. I do have a very small weak long in play, and intend to buy the sh*t out of a sweep of this year's lows, but I don't think we get that yet. Red ellipse would be two meme-lines (that's all they are) of resistance. I think we do get a false break above 20K, at which point bears would drive price...

JJMa Updated 

Elliot Wave continuing from the drop from 25200, ABCDE. Rising Wedge to about 20750-850 (not exact), then a drop from there to 18400-600 as measured from the last drop. Not a guarantee. I haven't entered a short, I might take a swing with my hedge account. Work-In-Progress. This doesn't mean, "short now" but for traders that already have established shorts from...

JJMa

Very simple, and early, but in no way guaranteed. Implied Move to about 24K on this, should it play out. 8-hour Time frame. Just throwing this out there, and playing it with very modest stakes (unlevered) small long. I know I have a previous elliot wave study pointing further down, but markets don't move in straight lines, and both ideas are valid until they...

JJMa

Work in progress...Just throwing this out there, based on current sentiment, also DXY seems to be taking a new run higher. Long term bullish, but for the medium term, I think we can go down. Playing around with Elliot Waves here for fun. Missed the greatest short entry last week north of 24K (technical reasons) Might look to short if we bounce a bit higher for a...

JJMa

Implied move if the neckline breaks -ve 7% from the top of the head. No, I'm not short, tempted. Circle zone is an accumulation zone from a previous study.

JJMa Updated 

Dare we dream? On Bitcoin . I'm a recovering pessimist, but old habits die hard, so I don't favour this right now. I am more partial to a move down (not too far), but this would be the bullish scenario if the bulls just steamroll the bears after that bounce off the 200 weekly MA. From 22870-27000 (range high includes a 27-28K profit target). This also closes the...

JJMa Updated 

Sunday April 24th, looking like the Daily Candle is shaping up to be a Doji so far, which given that the direction for the last 4 days has been solidly down, might indicate a temporary reprieve. Also of note we see that price has put in a couple of very decent wicks whenever price has dipped into the 38K region (coincidentally Goldman Sacks came out several weeks...

JJMa Updated 

Not ambitious here, but the daily is looking a bit high, yet we can go higher, so tight stop, just looking to play the channel here.

JJMa Updated 

Given Taxes are pretty much done, I would say that as long as 40400-40800 support zone holds (possible retest of the Triangle-breakout holds,) we going higher. Anything can happen, so be on guard and careful about "going all-in" if you have a day job. My strategy at this point is to take 1/2 of my desired investment dollars and just buy on dips or reasonable...

JJMa

Probably a bit of hopium here, considering the solid rejections at 42500 K on Bitcoin. Bulls have to keep at least on the topside of the bottom of the larger time frame bear flag in play (zoom out ironically). Upside target 43400-ish. Looking doubtful tho. For the record, I have a small long, but am pretty keen on pulling it should price move decently below current levels.

JJMa

I think Pancakeswap is worthy of a small capital allocation at this time considering it has been about 2 years of steady bleeding. Swapping a bit of BNB right here. Already have swapped lower and have a tiny amount farming at 40% apy in the CAKE-BNB LP (staking). Bought a small position of roughly 10 CAKE to just hodl at current prices. Looking to just keep it for...

JJMa Updated 

Potential price appreciation is about 42$ x2 measured from the head to the neckline, if price breaks above, we could see Polkadot changing hands around 95$ USD approx. Timeline being used is Daily, so this could happen sometime in Q1 or Q2 of 2022. This is purely TA, and we know that cryptocurrencies does not strictly obey TA, so this is just a possibility....

JJMa Updated 

Have been throwing small amounts of BTC at DOT on the way down, last night topped up on the breakdown of the triangle. In addition to my actual DOT holdings which are staked. Looking to shave profit back into BTC in the 0.0007500-0.0008800 region. Again, just using small amounts as I did with my last matic/btc trade which went beautifully. Using the parallel...

JJMa

Long term buy & hold on polkadot for me, so this is merely a snapshot of where the asset is now in relation to USD or BUSD as the chart I'm using. Price can still go lower, and at this point, I'm deploying a small amount of BTC on dips, rather than USD as my USD is being used for other projects currently. Also staking, and compounding. If you zoom out on this one,...

JJMa

Trying to determine the a logical target for this to at least take some profits either into BTC/ETH or USDC. I don't see myself selling a large portion of my stack which I plan to keep staking, but at least some. Will have to continue building a thesis. Also there is a news event this week, which I believe will be on the 8th or 9th, where we also have SEC weighing...

JJMa Updated 

Not running this one with large stakes, just play money here, up from 0.000026330-0.000027100-ish so far, restraining myself from a larger play this evening. But considering the downtrend meme-line has been broken with strength, someone with a bit more energy might see this as an opportunity. Also used RSI (which appeared to have bottomed out), also considering...

JJMa Updated 

In addition to this, we have confirmed bullish divergence on the RSI. I am not a fan of the double-bottom pattern, but combined with the RSI bullish divergence, I would say that buying a little more at these levels wouldn't hurt. Not sure I'd be using leverage, and I'm not doing this for a while, but for basic b*tch DCA crowd, this is good enough provided you save...

JJMa Updated 

Just looking at the long wicks on the chart based on the action for the last few weeks. Today we had the semi-bullish Taper announcement by the FED (google it, have no time post links). I have drawn some rough meme lines that show an approximate downtrend. I am not encouraging selling, but rather if you do, don't sell too much just in case prices suddenly break...