AndrewParkHubbard

AndrewParkHubbard

Pennant forming on Aion all though the volume to start the pennant wasn't as high as I would like. Keep a look out!

AndrewParkHubbard

We are currently on trend to reach 11.7k around MAY 10th perfect timing with Consensus around the corner to hopefully launch BTC back to 17k

AndrewParkHubbard

We broke down of the wedge forming over the weekend now the support line is acting as resistance intersecting with the 9k line later today. The only way we are going to bust through 9k is a with huge amount of volume to surpass the sell wall. I have posted a few scenarios that may play out! Good Luck!

AndrewParkHubbard

With the most recent spike in BTC I don't know if we will break through the 8565 resistance today. I think we need to some pull back to stabilize the over bought rsi. I am also waiting to see if there will be a flash dump similar to those we saw a few times last week. Plotted out some scenarios I believe may happen

AndrewParkHubbard

I still believe we will see a move to the downside as this sideways upward move continues on past my previous prediction. I have extended the flag which has resistance around the 6860 mark with little volume. We actually saw similar price action a couple of days ago with a massive sell off. I'll keep an eye out today and will go pretty heavy if it hits the 6400 mark.

AndrewParkHubbard

Just had a big dip yesterday with a big bear flag forming now with little to no volume suggesting we will see another dip to complete the Head and Shoulders and potentially see a further dip. With the RSI on the daily showing room to move down I still think we will find some support around 6600 and 6400.

AndrewParkHubbard

Head and shoulder working on the right shoulder now with a resistance at 7200. The volume is really weak and and I think there will be a sell off soon to complete the head and shoulders.

AndrewParkHubbard

Updated from previous idea

AndrewParkHubbard

With the flag pole, we have a potential to go as low as 5900 which coincides with my goal buy in. I think we will hit some support on the way down around 6425, but the RSI on the daily shows that we have more room to move to the lower side before oversold. A lot are posting that we will go much lower, maybe around 2000-3k area, and that may be the case I just...

AndrewParkHubbard

Looking at the pennant it is most likely we will have a breakout in a down move due to the initial down move to start the pennant. The volume is awful and I suspect there will be a spike in the next 6-10 hours of sellers. However on the low chance BTC makes a move up (which has happened in the past) we will face resistance at 7200 and 7400 (my opinion 7200)...

AndrewParkHubbard

Where we are on the fractal, we should be seeing another top but it appears that is breaking off now as there are no signs of another increase. This is could move up the timeline of reaching 6k and actually creating a potential of seeing a new low as the RSI is showing healthy room to move down. Going to see how the next day plays out.