If you think BTCUSD will fall even more this summer, then here is a good setup:
- Head & Shoulders are about to be completed.
- Parallel lines to the bottom line of the symetrical triangel are working as resistance lines on the last shoulder.
- A copy of the left shoulder gives us less than 5 days to complete the Head & Shoulders pattern. In other words it should descend rapidly.
- It didn't bounce at the first Gann arc (marked with green circles)
Note! It could jump up to the next parallel line and a stop loss above this level could be used.
Forecast:
- Breaking through the bottom line within 5 days.
- It will descend all the way down to the 4280$
- The Head & Shoulders Potential, The Gann Arc and The Reversed Cypher Pattern confirms this.
- It should turn over arround beginning of July.
Good luck!
- Head & Shoulders are about to be completed.
- Parallel lines to the bottom line of the symetrical triangel are working as resistance lines on the last shoulder.
- A copy of the left shoulder gives us less than 5 days to complete the Head & Shoulders pattern. In other words it should descend rapidly.
- It didn't bounce at the first Gann arc (marked with green circles)
Note! It could jump up to the next parallel line and a stop loss above this level could be used.
Forecast:
- Breaking through the bottom line within 5 days.
- It will descend all the way down to the 4280$
- The Head & Shoulders Potential, The Gann Arc and The Reversed Cypher Pattern confirms this.
- It should turn over arround beginning of July.
Good luck!
Comment:
Comment:
Comment:
Comment:
It might be delayed with 4 more days - 9 days in total - before it hits the mark. Reason: The left shoulder has a bit unclear start and end point. I've added the bigger shoulder on the picture below.
Good signs on currently situation:
- The Volume is still descending inside the Head & Shoulders pattern.
- It didn't break through the inner arc.
- It didn't break through the first parallel line.
Good signs on currently situation:
- The Volume is still descending inside the Head & Shoulders pattern.
- It didn't break through the inner arc.
- It didn't break through the first parallel line.
Comment:
Additional good sign:
- It broke through the support line (the local wedge marked with blue lines). It tested the support line some couple hours ago but failed to rise further.
- It broke through the support line (the local wedge marked with blue lines). It tested the support line some couple hours ago but failed to rise further.
Comment:
Head & shoulders pattern seems to be completed as we speak.
Comment:
We are half away from the final target :D
I think it will do a longer break at 5150 $ before the last leg starts.
I think it will do a longer break at 5150 $ before the last leg starts.
Order cancelled:
I never got any closer. Not that Good job!
Here is my latest idea:
Here is my latest idea:
