WaltrAlexander

WaltrAlexander

It’s bearish if BTC breaks down from this triangle, but it’ll be bullish if BTC breaks up. Let's keep in mind that TA is all about probability. A descending triangle during a downtrend has a higher chance of breaking down. With all that being said, I won’t ignore a bullish scenario either. All we can do right now is wait for confirmation of a break and go from...

WaltrAlexander

We’ve been consolidating after breaking the downtrend. FTM has bounced forming a higher low on the 4hr time frame. Elliot Wave is suggesting that we bottomed as well. RSI and momentum are finally coming in to send FTM pumping. This is my short term TA for FTM.

WaltrAlexander

ANKR's height percentage is calling for this target. We also have a double bottom on the 6hr timeframe (W formation) inside the cup. RSI and momentum is coming in to carry this handle to my target.

WaltrAlexander

Luna's handle has momentum to break its ath. The height percentage is calling for $110. I expect RSI to slow down Luna around that target before another rally. Luna is going for it!

WaltrAlexander

In my opinion, the previous weekly candle close was bearish. We also have RSI, momentum, and a blood diamond all indicating a reversal to the downside. Btc will test this trend line and we will see if it holds. A break in that support could put us down to the low-mid 20s.

WaltrAlexander

Gold has formed an eleven year old cup and it's handle is breaking out. The height of the cup is calling for this target. Momentum is coming in to start this bullish breakout.

WaltrAlexander

This looks like wave 4 for RNDR. RNDR's RSI is also ready to bring momentum to break it out of this downtrend. This is my target for the wave 5 breakout.

WaltrAlexander

Gala's handle lost momentum and it's now testing previous resistance (top cup). RSI has reset and momentum is coming to fuel the next handle breakout. I expect this breakout to at least hit my target of .302.

WaltrAlexander

1inch has been consolidating after forming the cup. RSI and momentum is ready to start this handle breakout. The 1 hr has been bouncing above the bullish trend line as well. Use the 15 minute to find your entry.

WaltrAlexander

Algo has just formed a cup and it looks like it’s ready for a pump. RSI on all time frames look good for Algo. The minimum target for this handle breakout is .935.

WaltrAlexander

Bitcoin just formed a cup and handle on the 1hr. Momentum and RSI is showing that it could push this handle up to this target on the 1hr timeframe.

WaltrAlexander

Let start off and state that my trading strategy is based off of combining patterns for a more probable outcome. The C wave of the Elliott Theory was 32k and we just put in a higher high on the 3day timeframe. The height percentage of the cup is also calling for this target. I know the handle isn’t supposed to fall below the cup, but I will make this exception...

WaltrAlexander

Ada has been consolidating after breaking out of this pennant. RSI has cooled off and momentum is ready to push it up to this price. Use the 15 minute for an entry and ride this pump.

WaltrAlexander

If Bitcoin doesn't pump here, we're going to dump. The weekly just formed a gravestone candle and the RSI is indicating a reversal. These lines I have placed are the strongest Trend Lines that we have. We've broken two major Trend Lines and we're on the verge of dumping, so it's important to get back above the trend line. I don't see what happening, so I believe...

WaltrAlexander

RSI on all time frames are indicating a reversal. Momentum is also coming down, so I expect IOTX to retrace down to this target. These passed two 4hr candles look disgusting as well. I will keep my short open if I see BTC break 41.5k because that would indicate more downside.

WaltrAlexander

In my opinion, this seemed more of a relief rally rather than a bull run continuation. I’m still long term bullish, but I believe we will come down to retest to create a stronger market structure. There was huge buying pressure at 32.9k, so I believe 32.9k will hold.

WaltrAlexander

This is the reason BTC pumped parabolically. That V shape cup helped Bitcoin break out of the 39k range. The height percentage of the cup is calling for at least this target. It’s too late to long now, but it would be wise to take profits at that target. I’ll consider a short if I see any signs of a reversal.

WaltrAlexander Updated 

Ant’s RSI and momentum is starting to show bearish signs. It’s also breaking down from bullish trend line as well. Wait for the 1hr candle to close to enter a short. The minimum take profit for this short is $6.35