I'm a big fan of weekly time frame analysis, the larger time frame offers in my opinion greater strength behind any pattern- bearish or bull. I'm watching for an inverse head and shoulders to form, with the near term 7.35 resistance converting into support and offering a leg up into 9.10 A break of the 9.10 neckline will offer further upside, however I do not...
Hi friends, please smash the Like button! This is an update to my last BTC post on December 22 of my early prediction of an Inverse Head and Shoulder forming, long before it became the pattern everyone is charting and making YouTube videos of today. Needless to say, the right shoulder has formed! Not only that, but we also now have an ascending triangle, and a...
Test the 5000-5500 zone and create Head&Shoulders bottom reversal pattern. Then breakout from falling channel with start of new bull-run. Happy 2020 boys n girls!
If we begin turning around while above our lows I expect to see a break of this channel towards $2.45-.60.
Hi, See my previous idea also about btc, linked below. If BTC is strong enough to break te downtrend this will be a possible way to do it. inverted h&s formation. He could always make a double bottom and then go up. A tripple bottom is actually a inverted h&s. Watch out, if it breaks the orange support line, 3k-4k prices are very likely.
The most representative timeframe to show results of the most recent technical analysis is 4H chart. Possible further Bitcoin's price action is quite positive let's prove it using 1 month scale. Starting on 26th of October when Bitcoin's price was pumped to $10 584 we can define Fibonacci retracement levels which represent major resistance and support levels. As...
- US Markets are making new highs and looing very bullish. - Measured move targets the top of the channel.
- Price is up against the 200ma - A positive push through could see the inverted head & shoulders play out - Confirmation is needed so currently neutral - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
"Why do we fall, Bruce? So that we can learn to pick ourselves back up." INVERSE BATMAN AND SHOULDERS!
Cocos in a potential inverse head and shoulders pattern. If this plays out we should see it reach 25 sats in short term and maybe higher.
Good morning, from my side (cause I do see it happening again and again), a little reminder of how Head & Shoulders is looking like and how you should draw it. Too often misused and misunderstood, I don´t wonder why most of the trader´s or technical analyst youngsters are not successfull trying to trade this. The same rules apply to an inverted Head & Shoulders....
We have passend and will hopefully confirm this breakout above the Monthly Pivot level, by retesting it properly to gain momentum and volume for the Weekly Pivot breakup. Target Zone is marked, this looks more bullish now than it did earlier. We need a higher high now. _____________________________________________________________________________ No financial...
This inverted Head and Shoulder looks weak, even though we got a right shoulder, the volume doesn't look perfect. I am keeping my hands still right now, the Monthly Pivot needs to be broken first until this pattern can play out nicely. I am not sure this will happen. With this probably being declined, the 8k Yearly Pivot comes back into my game. Above Monthly...
I am going to watch this until the price tells me something different. Totally undecided right now. Keep focus guys and don´t force yourself into trades based on assumptions and gut-feelings. H4 did a very good job recently, also H1, so I prefer staying here right now. Keep an eye on the monthly Pivot. This pattern is still in the make and the volume profile is...
Let´s see if we get a right shoulder. _______________________________________________________________ No financial advice. NeruSuite v5 - advanced technical analytics tool. #dyor
We are certainly in a critical area, where we could see another turn down and then hoping for an inverted H&S building out as reversal pattern. We are just approaching the potential neckline(s), starting from different previous prices. So far Bitcoin does not look as if it wants to build out an iHS. Let´s see what the next hours bring and then make a couple of...
This jumped out at me when viewing the weekly chart : The formation is similar to some variant of a complex IH&S. The head would be the floor at $13.73 and the neckline is the top blue line, downward sloping from $54 to its current price at about $45. If the pattern is legitimate and Twitter broke above it, the measured move would be toward the $80 region....