There is a Reverse Head and Shoulders pattern in the USDDKK. This could be confirmed by breaking through the neckline
Bitcoin BTCUSD Update If you got long again at the ridiculous hour of 11.30 pm est you're hard working and deserve your 400 points reward. Weirdly the crypto chat room was quite quiet with a guy from London waiting for the BCH burst to top out so he could bail out and fade the consolidation. London's finally catching on. 2018 will be so fascinating and fast...
Head and Shoulders setting up on the Daily time frame.
It may go down and try his support made by Fibo. pattern
H&S pattern right on the top of trend. Volume spike also seen. Downside likely.
If the neck line on the head and shoulder breaks i will be looking to get short on a pull back ... Eliot wave aslo lines up with this
Bitcoin Update The reverse head and shoulders pattern is clearer now.. Right on the breaking point now and therefore vulerable to a failure here...but it looks good so far... Because the H and S pattern is clearer it also gives a clearer measurement target on the upside once 7425 is beaten: 77333 is the minimum measurement implication of this break, if and...
I see a possibility of an H&S pattern on the Eur/Gbp 4 hour chart, looking towards going bearish when it breaks the second blue trenline.
H&S Pattern on Eur/Usd and its also broken the trend line. Hoping to see 1.11 again
Bitcoin seems to form a pretty clear "complex Head and Shoulders" as tought by John Murphy in his book "Technical Analysis of the Financial Markets", one of the foundations in education of technical analysis. As Bitcoin was not able to set a new high, we may now see the start of a correction initiated by exactly that head and shoulders. The decreasing volume from...
Running over FX:EURUSD . Neck will broke? let's see. Remember, FX can't be predicted. See yah.
I think a clear head and shoulders is forming. It could rise up a little more and then drop the length of the neckline. Textbook head a shoulders move. This would put the buy zone at 4700 conservatively. This would be wonderful right before the fork for those who want to buy big. Resulting in a huge push to ATH. A textbook setup to subtly dab on the haters.
Counterparty has started to bounce off a horizontal supportline, that has been visited 4 times now on the daily candles. One could argue that this graph is also showing "the lately so often seen failed shoulder-head-shoulder" pattern that I was reffering to in my Zcash idea (www.tradingview.com), but I am not liking the shape of this one (especially the shape of...
Watch closely as the right shoulder is about to make a critical movement on the weekly chart that could signal price reversal. RSI indicates $LTCBTC has been oversold for a significant amount of time. FIb levels on the weekly provide STRONG support levels.