Asterix

Head and shoulders?

BITSTAMP:BTCUSD   Bitcoin / Dollar
253 10 2
We might have head and shoulders formation on 4h charts. Neckline is clearly rising on Bitstamp and Btce, so there is definitely bullish bias remaining. Neckline is flatter, but still rising on Huobi. To confirm, we should see price falling down through blue dash line, target price will be around $600 (green dash line). Many oscillators are showing negative divergences, which gives more credence to this formation.

I wonder if anybody is interpreting it this way, too?
LastBattle
2 years ago
I agree with this to while looking at the Bitstamp chart , was thinking of buying in after the rally yesterday :) but the chart disagrees of further rise.
Reply
LastBattle LastBattle
2 years ago
Triple top on BTCe and head & shoulders on Bitstamp/huobi/btcchi
further info
Reply
Asterix LastBattle
2 years ago
Yeah, it is happening very slowly, but the price is falling. I wonder if we see complete head and shoulders formation, but it does not seem to be good moment to buy yet
Reply
LastBattle Asterix
2 years ago
snapshot


Further confirmed by the RSI movement :)
Waiting patiently right now.. its going to be worth it.
Reply
LastBattle
2 years ago
I have a feeling that this fall will be rather limited, based on the trend, RSI for the past 2 weeks.
$619 will probably be where it'll stop before the next bull..
Reply
LastBattle LastBattle
2 years ago
snapshot
Reply
Asterix LastBattle
2 years ago
Yeah, it goes very slowly and RSI looks like it maybe coiling for another jump up
Reply
Asterix Asterix
2 years ago
https://www.tradingview.com/e/Wta97AyZ/
Reply
Asterix
2 years ago
Finally we crossed the neckline, and on high volume. Watching like a hawk now :)
Reply
Asterix
2 years ago
I am not sure if it still qualifies as head and shoulders with such asymmetrical shoulders, but price movement prediction was spot on :).
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out