Analysis of the market revealed a very interesting coin. According to TA the inverted H&S pattern is formed it is a very strong bullish pattern which can push the price up. The range of 900-1011 looks like a good entry to get a profit because the price should reach the resistance mentioned at the chart. The rest targets are in the Premium channel. If the market...
Hi my friends, Again thanks you all for your kindness and togetherness with me. I publish this idea apart of BTC Realtime by 3 main reason: 1.BTC Realtime is a weakly topic with focus on BTC little movements during day and this is a independent idea about one pattern in chart. 2.This idea need to be seeing in itself topic,as you know BTC Realtime it's a long topic...
Possible 3 month head and shoulders forming on BTC. Price currently in right shoulder, reaching the same highs as the left shoulder (~$7.8k). Expect price to bounce off this level for a few days, before a short pull back to 7.0-7.2k. This pullback would make sense given that daily RSI is currently touching oversold. If this pullback occurs, I'd expect a quick...
There is a very small iHS in formation on hourly. Could lead to a target of 420. I'm still bullish, as we haven't dropped below longer term support (violett line).
4h iH+S has been confirmed. If it's not a bull trap, we should be targeting ~490.
Good evening! A while ago I posted a chart stating I thought the Inverse Head and shoulder pattern is likely to fail. Well, I think I MAY have been wrong! That massive green candle is getting us closer to validation and the target. There has been some talk about an even larger one in play so I took a look. From what I see, it is definitely valid so far. If we...
Hi everyone. As expected, we had some price action near the apex of the wedge and price headed down. We have found pretty decent support here and I think we are due for a leg up. Again, I do not think this IHS will play out even though it honestly looks pretty good. It doesnt matter how it looks if volume isnt there to support it through! I opened a long that you...
Good evening everyone. Update on BTC. I still feel the IHS pattern will fail. See how the volume has gone down drastically. This may be normal consolidation, but a massive amount of volume WITH FOLLOW THROUGH (not just one candle) will be needed for the formidable resistance above, and to complete and validate the right shoulder. So far, the bulls have not shown...
Good morning, traders. Bitcoin has finally been making some movement that we can look at, and it's nothing that we haven't been talking about as a possibility for a while now. Specifically, overnight we saw Bitcoin retrace 50% from its recent run up. Now things are becoming more interesting. The potential IHS in development that I have been referring to recently...
Good morning! So, the HS and IHS became super popular a couple months ago. In my opinion, they rarely play out on bitcoin so don't get excited. Remember, there are many more variables to consider. If the right should DOES complete, I see a fake out followed by a decent dump possible happening. Don't get fooled; there is major resistance in the way and seemingly...
Technicals are looking good on this one.. NYSE:HD has room to run if the stock can bounce back to the $191.55 resistance. Stoch is nearing oversold territory and RSI is nearing a short-term trendline that should act as support. Volume dropping as the stock falls hints the bulls will soon come in, however, one must remember that high volume is not needed for a...
Bitcoin has lost a lot of momentum in his move down. If we don't see a retest of the resistance soon, we will see a move up! This would verify the IHS, the IHS-target would be ~6800$. Reaching this price level would mean a breakout of the local downtrend. I am opening a long here, looking to take profits at every individual fib retracement. The 0.382 is my main...
I will be patiently watching how this ihs in formation unfolds. Drop below right shoulder should indicate failure.
See chart. Note: PRICE MUST BREAK RESISTANCE AT $17.47, IF IT DOES NOT the stock may consolidate in that small range or fall. If a breakout is confirmed, at the very least I would expect UA to fill the gap between $21.4 and $24.97.
I'm bullish on this ihs retest + symmetric triangle. Just need some volume and let's go.
The chart is self explanatory, we are completing the IH&S on the daily.
FEYE is poised for a nice breakout after breaking out of a nice pennant consolidation. News of the new incoming of Chief Security John Bolton may boost the stock more. If it were to break out, I would expect it to at least fill the gap at $26