drhelmut
Short

Head and Shoulder

BITSTAMP:BTCUSD   Bitcoin / Dollar
443 8 1
Basic Head and Shoulder charts on 4h BTC/USD Bitstamp .
You are not alone in seeing a "Head and Shoulder" pattern:

Shoulder-Head-Shoulder

Shoulder-Head-Shoulder


$BTCUSD.  -TIME MACHINE PREDICTIONS-

$BTCUSD.  -TIME MACHINE PREDICTIONS-


BFX - LOOKING FOR A POSSIBLE H&S PATTERN

BFX - LOOKING FOR A POSSIBLE H&S PATTERN
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drhelmut ChartArt
Mine is prettier \o/.
Some of the charts are from few hours ago.
But I'm glad to see we are all short.
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ChartArt drhelmut
It seems there was also a wedge:

Prepare to be wedged!

Prepare to be wedged!
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ChartArt ChartArt
Another way to draw this. Bearish DMI trend soon. Chart created by CommoditiesTrader:
BTC/USD Breaks Descending Channel, Price Action Weak


snapshot
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drhelmut ChartArt
I should learn how to use DMI, it seems usefull.
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ChartArt drhelmut
The Directional Movement Index (DMI) is useful, but always lagging. Tradingview offers a similar indicator which is sometimes lagging a bit less than the DMI, but both give very similar signals:

http://en.wikipedia.org/wiki/Vortex_indicator
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drhelmut ChartArt
Thanks my good sir!
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bet you guys all regret that selloff now
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