BULLISH ALTS!! CHAINLINK, CARDANO, DOGE COIN, XRP PRICE ANALSYSIS
[Music] Jason jenkins i’m doing an Update we have coming out of the long Memorial day weekend and june’s a pretty Big turning point we do updates Today i’m gonna hit on the majors btc And ether Quickly and then i’ll hit on four Altcoins Link ripple doge and cardano so the Future Side pretty good intermediate term chop And so I highlighted the range on btc the Regression channel But we’ve been better buyers kind of Just when you get below 2300 there’s been a good spots to add And then as you get up here in front of Pi Which is 3 000 but there’s this downward Channel So we just took some off here the last Move i made was in front of Pretty much the high we signaled cell And um this morning We’re just in the middle of that range You can kind of see it i drew it on Bitcoin so the regression channels Because they’re math based and they have To do a standard deviation And count and um statistics that’s a key Thing To help with probabilities there’s
Something called the three sigma rule You can look at It actually talks about the Probabilities and the Standard deviations relating to when you Get outside of One two three standard deviations Something like 99 of all data sets followed inside Of three standard deviations so that Means that as it applies to markets you Can draw something like this with the Two standard deviation and you What you’ll find is three quarters or More Of the trading falls inside of the range And then so when you get towards what we Call the wings You that’s good edge to go the other way So it’s not like oh you’re below This regression channel you want to be Sure no this is a zone So you want to be a buyer down here get To the top of the range you’re going to Be a seller All right so last week was a good Example of that And then you can see now we’re sitting Right smack in the middle so this is the Intermediate term View i like look at train look at the Market in terms of Long term intermediate term and then Near term so near term would be the day
Trade stuff You have different edges there i mean There’s 15 minute here The pi line’s done a pretty good job Anyway some of the high frequency guys That’s what they would be trading You know again i don’t really see that Great edges i mean we failed here at the 30 minute Pie we failed at pi in the 200 basically Right in front of it so The near-term range i would call it 36 000 this is futures to 37 and a half That’s the inside range and then again The outside range we’ve talked about for A while is inside is right in front of Thirty thousand and forty thousand has Done Has been the resistance the right call On the upside Um ethereum longer term It’s going to be very similar to the Market that range in front of Three thousands a little bit of Resistance and again i You know down here is the bottom of the Range you can draw your same regression If you want Also note that this daily cycle guys has Room to roll over this week So i think that’s further evidence to Put you for a re-test of these Lows pivot lows but ethereum’s Still in a much more bullish posture
It’s outperformed bitcoin too this year So i’m not surprised it on the pullback It’s held better levels And then we get into the halts Cardano very strong you can also see It’s It did not get back to its 200 it didn’t Get back to the pie line it’s It held these lows in front of the box So that would have been a great place To add and then you’re getting that same Kind of Ebb and flow that you are obviously with The rest of the market you just draw This So here’s the lows you bounce make a Lower high come back down You bounce lower high come back down Higher low Lower high so you’re you’re getting this Ebb and flow right The cyclical rhythm inside of really What is a consolidation in the market Right now Whether is that going to resolve itself To the downside Maybe is it going to resolve itself to The upside maybe Um you don’t really have to know we’re Just going to know how to play it If and when we start to see it you break It down here you gotta be more defensive We start to you know start to break some Of this wedging the market gets above
The levels that we talked about like 40 000 It starts putting in higher lows then Maybe the momentous trade is back on So that was kind of been our call that We were still in a digestive period Maybe even all the way through June and even the whole summer but just Our point is like we like to trade it so When you take on new highs that gives You opportunity to buy back If you bought well you got a chance to Sell and this is This is the difference between huddling And compounding your results your 20 move 20 move 20 move so you keep a Core Long but there’s plenty of trading that You can do in the meantime to To have some of that compound compound Effect And it’s the trade it’s what it is that If you guys like to trade i mean There’s plenty of moves in here to get Involved so that’s what we like to do Uh cardano so still bullish but Let’s sit on doge quiet This consolidation is a little bit is Technically a little bit different It’s still bullish it’s just a quieter You can see that this It’s it’s wedging it’s consolidating It’s kind of coiling like a spring this Is which is fine this is
Healthy digestion both in terms of time And in terms of price all right so Watch these levels here that would be a Clear breakout we actually call that a Swingline Setup on the longer term horizons And then we’ll watch the rest of the Market if it resolves itself to the Downside You know you put in a fat bearish candle Like this on a daily weekly close and There’s room to come back down here On doge which you want to be a buyer Down here So it kind of depends on how you play it That’s that’s what i’m watching Ripple okay It has it has more of this all coin Bearish complexity to it where we talked About you get this Real money candle you had real sellers You took out that support And this became resistance on the retest So now as opposed to some of those other Coins it just looked like that are still More bullish making higher lows like This low And this low now you’re in a situation With ripple Where you’re getting lower highs and You’re starting to kind of roll this way So xrp is is definitely Softer the same applies though this Consolidation i mean you want
Your buyer here those are good buys you Got a chance to sell in front of The bands here but probably I would call this let’s say this one’s a Little bit more neutral I’m a little bit more agnostic uh link Nice hole pie this is why we use it some Traders think they’re going to get Bearish because you’re below the 200 Even though it’s rising that’s the wrong Thing to do It’s where you get trapped you want to Be a buyer back down here So if you bought weld near a pie you Made some sales with the bands it’s Technically i mean doesn’t get better Than that Buyer here seller here and now again Coming off these lows you’re kind of Towards the top of the range Where you want to be booking some Lightening up and you’re not going to Have any real momentum again until you Start to clear This area i hope that helps guys Have a great rest of your trading week You
