alejandro305

alejandro305

Bullish pennant on BTC. Patiently wait for the break out head and shoulders failed

alejandro305

Head and shoulder pattern. If it plays out, expect a drop to 28,300 and a bullish continuation possibly afterwards. micro looks bearish the macro looks bullish.

alejandro305

micro levels show a nice bull flag whil macro on the 4 hour show a nice invers head and shoulder. well likely see xau hit the bullish target 1882

alejandro305

upward rising wedge potential sell. just wait for the breakout. good luck

alejandro305

there appears to be lot of confluence with bullish continuation on dxy. broke resistance and holding a long term level of support that dates all the way bac to 1970. just hit the .786 on the fib and rhymes well with previous bull run. be patient if this continues upward be expecting crypto to drop further, view the correlation on my previous post. (safe trading)

alejandro305

it appears that btc has approached resistance and left us with a false breakout. highlighted line looks like best bet of confluence and support. if continue upward best target would be around 30k. sit back relax and be patient. bull market is not here but its coming.

alejandro305

Inverse head and shoulders Kicking in if the net line breaks that is bullish confirmation and potentially the beginning of a new bull market

alejandro305

will btc be bearish or bullish? we shall see. break out of the penant is key confirmation

alejandro305

Will we break or continue downward? Prepare for both scenarios

alejandro305

Been callin this out for months and it appears to be playing out. Cost averaging around 60-55 cents.

alejandro305

Just an idea that I just recently noticed. Basic penant with a false breakout and we are currently consolidating towards the apex. Lmk your thought.

alejandro305

If we drop planning to cost average from 60-55¢ still consolidating in this large pennant. Don't get shaken out

alejandro305

In this chart are marked out the resistance and the pennant in which we broke out of. Support doesn’t look like it’s holding and it appears you might be seeing more consolidation back in the pendant In other words False break out

alejandro305

I don’t know if you see what I see but I see a head and shoulders pattern. retracements possibly around $.74

alejandro305

an easy way to see where bitcoin in going is to simply look at the dxy chart (dollar index). very often when dxy goes up btc goes down and vice versa. it is literally a competitive battle between the two assets

alejandro305

Potential inverse head and shoulders o look out for. be patient and wait for confirmation

alejandro305

Xrp is looking good. A nice retracement on upwards towards resistance on the large bullish pennant wed been fighting since April of last year. Since we are extremely overbought on rsi and divergence indicator we might see another false break out like I pointed out with the arrows. but also put into account a lot of fundamental news is to be released soon. So...

alejandro305

right now it is in price discovery mode. but it appears there might be some diverge kicking in within the rsi and divergence indicator. since we are breaking trend could this be the bottom? Possibly. you can wait for confirmation and see of resistance is broken or further retracement on downwards.