pedrogarrinhas

pedrogarrinhas Updated 

NOT A FINANCIAL ADVISOR!! In my view the bear flag is still looking good (see linked ideas!) If you make decisions based on charts and you see that the chart has changed drastically you start to wonder what is the problem. I really do not understand how software (such as 3Commas or others) that are connected to Trading view can be used when Tradingview displays...

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NOT A FINANCIAL ADVISOR!!!! I am 50:50 here!! :) Therefore I have Bullish and a Bearish Scenario. Bullish Scenario: - I see a possible Cup and Handle formation. As the Cup is not perfectly formed, the target is not that clear but I would expect somewhere around the 26-28 cts. Bearish Scenario: - In case the trendline and the RSI breaks down ... uhmmm then I...

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Not a financial advisor. Bouncing off a support trendline that was resistance for some time. It is important to see the major lower wick from the previous candle. ADAUSD will surely rise!

pedrogarrinhas Updated 

NOT A FINANCIAL ADVISOR BTCUSD seems to be printing a bullish engulfing candle. RSI + Stoch RSI looking amazing. How high can it go before further rejection.

pedrogarrinhas Updated 

NOT A FINANCIAL ADVISOR! I am expecting XLMUSD to head higher due to a Hidden Bullish divergence on the RSI. Awaiting to see if it creates a higher high on the price or not! :)

pedrogarrinhas Updated 

Not a financial advisor!!!! Trendline break and retest + Hidden bullish divergence. => It will possibly retest the 17.3k area before further decision up or down. I am biased to the downside but anything can happen, therefore have a plan for UP and DOWN.

pedrogarrinhas

Not a financial advisor. XLM is here reflecting a bit my sentiment towards the Alts. There is a possible Pin bar candle forming on the 4h. 1h remaining until the candle closes.

pedrogarrinhas Updated 

Not a financial advisor! IMO XRPBTC has still some fuel in the tank! Looking at the current consolidation, it seems that it is repeating the previous bull flag. On the chart, you can see that there an ascending triangle under development on the 4h. As we are under bullish conditions I am inclined for a break to the upside. But you have to be prepared for...

pedrogarrinhas Updated 

NOT A FINANCIAL ADVISOR! I believe, BTC .D is consolidating under resistance and creating a bear flag . The target would be around the support green trendline(3). => Alts will have a good time!!! RSI still has some room to the downside! - Do see my previous BTC .D analysis and ideas If this green trendline support(3) holds, BTC .D can possible reverse at the 64...

pedrogarrinhas

NOT A FINANCIAL ADVISOR! 1) EOSUSD is currently breaking out from a descending trendline. 2) it is forming 3 consecutive double bottoms. When the first breaks and target is reached, it will fully form the the next double bottom. After the second breaks and target is reached, it will fully form the the last double bottom. After the last breaks and target is...

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NOT A FINANCIAL ADVISOR!!!! Currently looking at a possible Cup && Handle formation. Depending whether you consider Wicks or simply candle bodies, there can be a target around the 21-29k. Do note that there is a Fib extension around the 24k! Be aware ... this is a Month chart! Meaning there can be weekly and even Monthly red candles until targets are reached. It...

pedrogarrinhas

Not a financial advisor... I am expecting that in the near future, BTCUSD to exceed ATH. But short term IMO Alts might have a good run. Keep an eye on the BTC.D support (in 1). Both indicators (2 and 3) have broken down. => RSI dropped support If BTC goes above 20K, Alts will capitulate... But while BTC consolidates, it is Alt time!!!

pedrogarrinhas Updated 

Not a financial advisor... BTCUSD parabolic price movement has come to an end. Actually I was expecting a huge volume and a big dip. None of the expected scenarios happened. What next? Possible Head and Shoulders, possible retest of the parabola/wedge, retest of the SMA21 daily or weekly? Awaiting further developments and more candles...

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Not a financial advisor!!! Currently watch ETH against BTC making a double bottom at support with possible bullish divergence on the RSI and Stoch RSI. Proceed with caution...even though it is not reaching a 3:1, It is still a pretty good setup considering pre-ETH 2.0 launch. On the USD pair, ETH is also about to break the 500 level...if it does it might have a...

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No comments... ...maybe be careful.

pedrogarrinhas Updated 

Not a financial advisor... Is the DXY going to find support at these levels and go higher? ... or simply create lower lows! (yes there are wicks...but looking at the candle closes.)

pedrogarrinhas Updated 

Not a financial advisor. This is just for information purposes. Currently looking at a possible Cup and Handle formation near support (from the channel developed since March) on the XRPUSD Daily. In case it breaks the neckline, XRPUSD has a possible target near the 0.30 (high 0.29's). I would put a stop loss below the handle. This would mean a 3:1 Risk Reward.

pedrogarrinhas Updated 

Not a financial advisor. Currently on the weekly BTCUSD is above RSI 70. In the past whenever this value was reached and measuring extensions from the MA20 Weekly, above certain levels, one would expect a retracement. It is those times when keeping closer look on the market and updating stop losses is important.