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Great upswing yesterday just as I was hoping and we are still continuing to play out this potential Eve double bottom quite perfectly. Eve bottoms have a much slower climb than traditional double bottoms and tend to fake out a lot of bears along the way with many a bear trap. We are currently consolidating with some inside bars and we are overdue for a...
Oversold on the RSI, Stoch RSI has bearish cross. Forming an inverse head and shoulders pattern. Hold off on buying for a couple weeks and watch for the shoulder to form. I'm hoping for a dip of about 10%. Remember, with another crypto bull market beginning to form, pumps can happen very quick, so watch closely! Or, buy now and stay on the safe side, we will see...
ONT looks like it has created a head and shoulders pattern if it breaks the neckline then it could fall to where my red line goes.
Its still possible for the head and shoulders pattern on BTCEUR to play out. Waiting to see if we continue up or we reverse to complete. Potential Reversal for a SHORT.
Potential Cup and Handle pattern on Bitcoin 3.82% , target 10.5k. Enter only on breakout or at the bottom of the range. Keep in mind handles often break down and form a second handle before breaking out. TRADE AT YOUR OWN RISK.
On the 4hr chart, you can easily spot the formation of a cup&handle pattern, perfectly drawn. At the moment the handle is forming nicely as i sad around 1/3 depth of the cup around 1560 sats and consolidates there. We will see a huge uptrend in the next days. indicators like rsi and macd are resetting.
On the 4 hour chart here you can see the head and shoulders so far has avoided being triggered after the 4hr candle price action rose back up above the head and shoulder neckline before 3 closes..However on the current 4hr candle, it is now dipping back below the neckline so odds are good it will eventually still break down from the current broadening ascending...
the bear pennant did what probability expected it to do and finally broke down...as it did it has now dipped below the neckline of the head and shoulders. There is a chance on the new 4 our candle that one of our 4 support lines can break its fall and bounce it back above the neckline of the head and shoulder before this 4 hour candle closes to prevent it from...
Hey Guys, I am watching QSP right now and I see a beautiful H&S pattern forming on 15m chart. I will be watching this one closely but everything lines up for a perfect breakdown. Please let me know Your thoughts. I am still farely new in this area and all comments are welcome! Thanks! Cheers, Marek
6K Bottom was nice Vshape 6.5K grind was slightly less deep but much longer time spent. Handle is forming now? I think if it is the next move is most likely UP in dramatic fashion. I set it to the Order blocks we I believe we will have hardest time to overcome near 9700-9800.
We seemed to potentially break upward for a second from what was lookign finally like just a standard bear flag....but once again after no huge impulse in volume followed the upward movement it became clear that we still hadn't ahd a breakout and lines needed to eb adjusted once again....We can now see that we are still inside an ascending triangle of a bear...
Im not too keen on diagonal head and shoulders but this looks like a good opportunity given that it stays below the neckline after market open (Y)
Hi guys, The busy week continues, I just put in a buy order on AUDUSD as shown on the chart. Price has broken out of a horizontal resistance/support zone aswell as a trendline which is part of a rising wedge, it has now rejected the top of the zone twice in the same day and decelerated. I don't like the 50 EMA being in the way and getting rejected. I am also...
Hi guys, coming from a slow week last week we are now getting another setup. USDCHF is retesting the recent horizontal support zone with a lowtest, while also rejecting the major 0.5 Fibonacci retracement level. A 50 EMA retest would've been awesome, but this price action is enough for me to justify an entry. With 5 confluence factors this trade is a B in my...
Head and Shoulders setup for USD/CAD
Previously I posted a Head and Shoulder Pattern forming at around 7.200$ BTC/USD Price. I exaggerated (got wrong) the downtrend angle. I also wasn't aware of Chinese Holidays until recently. That (to me) had a huge impact on the trading volume thursday and friday. Still Weekend worked out as expected. This is an update of the H&S pattern that I thought was...
here we have on the 1 day chart, back on a very important day in bitcoin(September 15th, 2017), something extremely worth noting the importance of. You can see where I've circled on the volume chart the tall green bar for that day...this green bar just so happened to be the biggest bull volume swell of the entire year of 2017 and it was exactly 3 months later on...