Jefe

Jefe

Bitcoin is going to go down hard from here and we cannot miss this trade. That being said, it is important to wait for confirmation and not FOMO into any bearish positions. Your focus should be to catch the middle of the entire move not the top or the bottom and we have plenty of room to make that happen. LEARNING NEVER STOPS. If you liked this analysis, please...

Jefe

Bitcoin bulls are on the verge of throwing the towel. This is going to be one of the most lucrative trade in Bitcoin history. We cannot miss this which is why it is important to wait for the confirmation. First, we need to see a break and close below $9,235 on the 4H time frame. The next confirmation would be a break and close below $9k which will significantly...

Jefe Updated 

This is the last bullish BTC breakout. We are testing the trend line resistance and going down, HARD. This is a good time to be looking for long-term short entries. Don't miss this trade. LEARNING NEVER STOPS. If you liked this analysis, please give it a thumbs up. Follow for more. Good luck on making a killing on this trade! :')

Jefe

Shanghai Comp Index has been on a tear but we are now at a decision point. It is very likely that the sudden surge in this index helped BTCUSD break out of indecision. Regardless of the next move in this index, I expect BTCUSD to advance and complete the move towards $9.4k or higher before the downtrend ensues.

Jefe Updated 

Bitcoin seems ready to make one last move towards $9.7k. At the moment, it is struggling to break past the key S/R level of $9,315. Soon as we have an effective breakout, I expect BTCUSD to rise to the top of the symmetrical triangle and to eventually break out of it to test $9.4 k which would then pave the way for Bitcoin testing the larger trend line resistance...

02:40

Jefe

The US Dollar is the global reserve currency. That is not changing anytime soon despite what most Gold bugs and Bitcoin shills would have you believe. The global economic situation continues to worsen. Unemployment is on the rise. Businesses are shutting down. People are losing their jobs. All the optimism in the stock market that we see at the moment is...

Jefe

Bitcoin is very close to a key decision at this point. The price has yet to break out of the rising wedge. On the bullish side, it has the Ichimoku cloud support on its side, but on the bearish side, it has the strong horizontal resistance zone around $10k threatening to push it off the cliff. Frankly speaking, it is not going to take much to push BTCUSD below the...

Jefe Updated 

S&P 500 has followed what I call a 12,6,2,5,1 Pattern. The price rallied at the beginning of 1982 and completed an N Rally after 12 years reaching a price target of 480. After that, it began an A Rally to reach a price target of 1531 in 6 years. This was followed by a corrective phase of 2 years. It was followed by an Inert Rally of 5 years (shown in blue) which...

Jefe

This is the last chance to get out of the stock market. We have seen this movie before and we know how it ends. If you think the previous decline was brutal, wait till you see this one. Yes, this is also going to bring cryptocurrencies down with it so don't go assuming that Bitcoin is going to save the world when ground reality states otherwise. We all saw how...

Jefe Updated 

Bitcoin is trading in another symmetrical triangle. At this point, it keeps on printing fractals from the recent past which reminds me of one of my favorite quotations, "If you want to hide something, put it in plain sight". This is one of the last few bull traps. After this, Armageddon begins. LEARNING NEVER STOPS. If you liked this analysis, please give it a...

Jefe Updated 

We could see a potential bullish reversal on BTCUSD near term. The price seems to be repeating the fractal from before so far. We have seen more and more of these fractals being repeatedly recently. The stock market rally could help the bulls assume control for now but there is nothing much to be hopeful about long term. The larger trend remains bearish and BTCUSD...

Jefe

Bitcoin has to remain above $8k for the bullish case to hold any significance. If we see a break below the ascending channel, forget about the moon dream. BTCUSD will not be rallying towards a new yearly high in that case. Quite to the contrary, it will be heading towards a new yearly low which I expect to be sub $3k. LEARNING NEVER STOPS. If you liked this...

02:23

Jefe Updated 

The price of Gold is on the verge of a major decline. The recent decline to the bottom of the rising wedge that started on March 09, 2020 triggered a massive crash in Bitcoin and other cryptocurrencies. That decline would be minuscule compared to what we risk here if XAUUSD crashed below the rising wedge. It could have a crippling effect on Bitcoin and that is...

Jefe

We have a good risk reward setup on EURUSD. We need to see a rejection at the trend line for the pair to decline to the bottom of the falling wedge. This is a very lucrative setup considering we would not only be trading it to the bottom of the symmetrical triangle, but there is also a very high probability that it might break below the symmetrical triangle this...

Jefe

The short answer is NO! Why? The rally is already overextended and we have yet to see $10k being flipped into support. Why is that important? The price of $10k corresponds to the 61.8% Fibonacci retracement level. For us to have a plausible bullish setup, we need to see a break and close above that level on the daily and then for BTCUSD to turn it into a strong...

06:12

Jefe

It is not easy to trade Bitcoin at the moment. The bulls and bears are very divided. The majority of retail bulls are still hoping for a move higher because of Bitcoin halving whereas the majority of retail bears are scared to short the market just yet. Aggressive Tether printing that we have seen more and more of recently has discouraged even the most resolute of...

04:16

Jefe

Bitcoin trading can be very profitable but it can also be very challenging especially when you consider that most people in this market do not have prior trading or investing experience. Then they step into this market where the big guys can use every dirty trick in the book without any fear of prosecution. Throughout the years, these market makers and whales have...

Jefe Updated 

Ethereum has demonstrated a greater degree of weakness compared to Bitcoin these past few weeks. However, we know from its trading history that most of the time during key turning points, altcoins end up making that one last move against Bitcoin. Now that Bitcoin halving is over, traders might start thinking about altcoins like Ethereum near-term. The price is...