Bitcoin BTC H&S Head and Shoulders Pattern Completed. Now LONG!!
Our head and shoulders pattern is completed. Buy here. Buy now. Don't say I didn't tell you.
This happened once before and people thought I was crazy:
Happy trading friends.
This happened once before and people thought I was crazy:
Happy trading friends.
Comment:
I have taken a moment to draw out the exact target price. So, how did I get this? I measured the top of the head to the neckline on my H&S pattern. I cloned that line and then moved it to where we actually broke the neckline. This should give us our approximate target. But, look where we are currently resting.
This is it folks. I think we reverse soon!
Happy trading all!
I have taken a moment to draw out the exact target price. So, how did I get this? I measured the top of the head to the neckline on my H&S pattern. I cloned that line and then moved it to where we actually broke the neckline. This should give us our approximate target. But, look where we are currently resting.
This is it folks. I think we reverse soon!
Happy trading all!
Comment:
We have now hit our target area three times. This is key (potentially a signal to the manipulators).
Also key is the fact that our support area has remained intact. We could consider it broken if it closed below the support area on the daily and then confirmed by closing a second day in a row below. But this never happened.
Finally, we have broken above the descending trendline seen on the chart.
These three signals make me more confident than ever that the bulls are right behind us.
Happy trading all!
We have now hit our target area three times. This is key (potentially a signal to the manipulators).
Also key is the fact that our support area has remained intact. We could consider it broken if it closed below the support area on the daily and then confirmed by closing a second day in a row below. But this never happened.
Finally, we have broken above the descending trendline seen on the chart.
These three signals make me more confident than ever that the bulls are right behind us.
Happy trading all!
Trade closed: target reached:
Closing this out due to target down being reached.
Whether we cont. down, stabilize, or reverse and head back up from here, shall be another post. However, I will state that sideways to upward trajectory is MOST probably. Though it could happen, I will not be betting on any more downward movement from this point (currently 34k).
Happy trades all.
Whether we cont. down, stabilize, or reverse and head back up from here, shall be another post. However, I will state that sideways to upward trajectory is MOST probably. Though it could happen, I will not be betting on any more downward movement from this point (currently 34k).
Happy trades all.
Comment:
We've now hit our Head and Shoulders target down at least 6 times. I think this drawdown is nearing an end within 2 weeks and maybe as soon as a few days.
Get ready.
Happy Trading all!
We've now hit our Head and Shoulders target down at least 6 times. I think this drawdown is nearing an end within 2 weeks and maybe as soon as a few days.
Get ready.
Happy Trading all!
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
I drew the Oct 2020 trendline half-heartedly a few weeks ago. I wanted to keep it on my chart just in case, but really, I didn't ever think it would come into play or be useful. Turns out, this has been our floor for this most recent crash.
My most recent moves have been:
1) Sell bitcoin at the break of H&S neckline at $50k
2) Buy bitcoin at $30,000 target
3) I then played a scalp and sold again at $40,000
4) I am now buying everything I can again at 35K
This is the bottom folks! Watch!
Happy trades all.