BEARISH HEAD AND SHOULDERS AND BULLISH ASCENDING TRIANGLE ON BTC

31 Mar 2020

WE ARE IN MULTIPLE PATTERNS ATM. ITS VERY DIFFICULT TO DETERMINE WHAT EXACTLY IS GOING ON WITH TECHNICAL INDICATORS. A BIG MOVE IS LOOMING IN THE SHADOWS. RIGHT NOW IS THE TIME WHERE WE ALL NEED TO HAVE STOPS PLACED SO WE DONT GET REKT. IF WE BREAK 5800 I BELIEVE WE MIGHT BE LOOKING AT A $4800 BTC IN THE NEXT FEW WEEKS. IF WE BREAK BULLISH ABOVE $6550 WERE GONNA GO TO $6900 TO RE TEST QUICK AND IF IT BREAKS ABOVE THAT I BELIEVE WE WILL BE GOING TO $7600-$7800 ZONE. AT THAT POINT IT WILL BE CRUCIAL TO WATCH BECAUSE THAT MEANS IT WILL BE TESTING THE BOTTOM LINE ON THE OLD PENNANT FORMATION. IF WE GET REJECTED AT $7800 WE WILL ALL NEED TO WATCH OUR FIBS TO SEE IF ITS A SHALLOW RETRACEMENT AT THE 382 OR A DEEPER ONE BETWEEEN THE 618 AND 786. RECENTLY THERE HAVE BEEN ALOT OF FAKE OUTS SO WE KNOW THAT THE WHALES ARE TRYNING TO STOP PEOPLE OUT AND ACCUMULATE AS MUCH AS POSSIBLE WHICH CAN MEAN THAT WE MIGHT BE IN A BULLISH TIME. HARD TO SAY BUT I BELIEVE THE INVERSE HEAD AND SHOULDER IS GONNA PLAY OUT BASED ON THE LOW VOLUME WE'VE BEEN GETTING AT THE 6900 RANGE MEANING THAT NOT MUCH PEOPLE WANNA BUY UNTIL ABOVE $7000. GOODLUCK BOYS AND GIRLS