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GrowthHackAnything
Dec 14, 2017 10:10 AM

Head and Shoulders forming for the short term - Gdax: BTCUSD Short

Bitcoin / United States DollarCoinbase

Description

Measured target: 14682 USD - Looks like a relevant resistance level. It might not go this low since people have been very anxious to buy the dip this entire rally but its plausible.

Wait on trendline break at 16400 USD for entry.

The volume for this pattern is there but missing here on this chart because well not willing to pay for tradingview pro access, sorry guys just not worth it at the current price.

Comment

This was canceled! Although seeing a really strong resistance level at 17300-17500USD

Comment

Target got hit although not from the H&S. Overall a very accurate target with strong resistance levels, to bad I bought high and sold low hahaha, I should believe my own TA more often.
Comments
DMoore
Where did you get a tool that can provide this data from GDAX?
GrowthHackAnything
@DMoore, well its Coinbase, but coinbase uses Gdax so thats Gdax.
DMoore
@Andersonx, I am aware of were the data come from, but I was referring to the tool that you are using to drawing on. You are showing a RSI graph and a Stoch graph, with some other indicators. What tool are you using to pull the Data?
GrowthHackAnything
@DMoore, There is no special tool, RSI and Stoch are standard indicators on Tradingview, The lines and fib extensions and elipse areas I've drawn are all part of patterns and trends I'm extrapolating from. If you zoom out you'll see where I anchored my fib extensions (local low to local top). Everything else is trend lines, no rocket science. I always draw a bunch of these to help me figure out which sticks.
DMoore
@Andersonx, Thanks for the explanation. I have now found a trading platform that I can stream data from GDAX and add my own indicators, which was what I was looking for.
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