Inverse Head and Shoulder is completed now. So I'm waiting for conformation --> cutting the neck line with high volume.
Stop loss is debatable. I prefer tighter than this. Nothing wrong with looser as well.
If you've found the idea helpful - please like it or smash the follow...
I see a Possible Bullish Scenario forming:
Daily close above 4140 with successful retest will maintain the neckline of POSSIBLE iH&S Scenario
if iH&S scenario got valid, Targets would be(based on Fib extension&MAs)
Here is the grit:
Inverted head and shoulders pattern on 4hr time frame.
Bullish divergence on RSI.
MACD just crossed into bullish territory.
DMI is long along with ADX gaining momentum.
Suspect some resistance at 610. Selling half of position and setting a 2% trailing stop to sell the rest of the boat.
Not investment advice
got a symmetrical triangle, inside a larger symmetrical triangle on the bearish side of things...on the bullish possibilities we have a inverted head and shoulder setup and the larger falling wedge pattern....probability in the immediate term suggest a breakdown as we are currently below the inside symmetrical triangle...however there i still time left for a...
Longest inverse head&shoulders pattern in BTC/USD history. Well, let's play this scenario, pray for 13th May 2019...
And yeah, if this case will realised, the ultimate bottom will be at 2500$ on Bitfinex and around ~2440$ on other exchanges like Stamp, Coinbase, Mex...
Hey guys, this is how I'm going to play the inverse head and shoulders if it decides to act soon and doesn't get invalidated.
That means that the price needs to stay above 3685 on Bitfinex.
What do you guys think about my thoughts?
Above is the ideal scenario for the inverse head & shoulders on the 4h BTCUSD charts, as per Bitfinex prices.
$3,700 is a critical level, not only because it is the .618 fib of the entire wave from $3,200 to $4,380, but it is also the support level of the left shoulder. As long as this level holds, the IHS and cup & handle patterns appear valid, for at least a...
Here is one for the IHS case everyone seems to be expecting. We had a very similar pattern in july 2018. Indicators and oscillators exhibiting same arrangements.
One thing to note is that in both 2014 and 2018 bear markets, BTC has always reached the top of the downtrend cloud once breached. In this case, that would mean an eventual move to 4800 area.
DOUBLE PATTERN CONFLUENCE OF EVIDENCE TO INDICATE A VERY BULLISH 2019 START FOR XRP/BTC
-MASSIVE INVERTED HEAD AND SHOULDERS
SHOULD PLAY OUT BEFORE END OF JANUARY WHERE I ALSO BELIEVE A CORRECTIVE WAVE WILL HIT BTC, SENDING IT BACK TO POSSIBLE NEW LOWS.
THIS CONVERGENCE OF EVENTS POINTS TO A HIGHLY POSSIBLE BULLISH RUN FOR XRP.
This is an example of a possible inverse head & shoulders on 4hr and below time frames.
The levels can be matched up with spikes and dips in the volume profile
Levels to watch
Right shoulder tip: 4150-4100
Neckline: 4280 - 4320
Right shoulder base: 4370 - 4400
Since I am seeing top authors posting here what I have seen a week before already, I will take the grace and let you know about it as well.
Its simple, its obvious, I don't have to say more at it, simply take a look.
Head and shoulders is a reversal pattern and requires a RED left side. We have it, we are reversing the short term trend, I am longing this one on...