I drew the attached on 10.12 for a discord group I'm in and the H&S Bottom pattern still stands. If it breaks the neckline we should see a reversal and a continued push higher
(although, today I did circle that the closing price is currently at the exact edge of my regression channel).
As I mentioned in my previous recent posts, the market has...
As you can see on the posted chart today we completed the Head & Shoulders Bottom.
I've written out the calculations to help teach you how to measure price target.
The following is a list of Bearish & Bullish indications going into tomorrow.
((Circle colors: Yellow = Bullish, White = Bearish))
-Head & Shoulders Bottom theoretically...
The Price has gone dip following the BTC Huge Correction this past few days.
In the 15minTF, the price is trying to break the immediate SBR and has formed Inverted Head and Shoulders
**This is not a buy call. Strictly for #casestudy
Al 'ilmu yu'ta wala ya'ti
Ilmu itu sifatnya didatangi , bukan mendatangi
The GAGAK Trader
everyone keep saying how a retracement is possible without looking at the evidence that the chart provides, there are general rules to the market that are only general at the end of the day and they are there as a guideline.
crypto has proved to be a completely different market than other markets in this world, a market that has rules of its own so it is...
The head and shoulders bottom would be complete around 1.71-1.72 unless it hits 1.7 at open. When the target of 1.7 is hit the weekly candle touches the SMA for a potential breakout which would agree with the head and shoulders bottom for a climb. I'm still learning everyday so make your own assessment and judgement before...
XRP up here again, this time testing key resistance, the 0.618 retracement (white line) of the last move. In doing so, it seems to have formed an ugly inverse head and shoulders pattern ( bullish ). Who knows? We'll see.
4H candle close above white line
Retest of the white line - resistance turn support.
$0.98 😱(2 confluences:...
- On the daily timeframe the current price is retesting a breakout of the downtrend
- Reverse head and shoulders may continue following a possible bounce off the 61.8 fib level
Personally, I'm staying out but we could potentially see this TP.
Zoom might have reached the bottom of their sell off, however we should be cautious entering positions with the current set up.
We have the bears and bulls fighting for dashed green trendline. So far, the bulls have been able to buy up the green zone, however, even though we see a small uptrend over that last few days. We have a negative delta divergence on the...
@cptWORLD Gave some great insight on zoom so I went back to review and adjust accordingly at the the end of the day.
The bears failed today which I wasn't expecting until the last green trendline. This made me adjust my buy zone up slightly to 430-455. However, we need to see tomorrow and over the next few days how price reacts to this trend. Right now we are...