We can see here on the 1hr chart that this 30minute chart inv h&s is trying to trigger a breakout and the current 1hr candle does have some convincing volume behind it. The reason for showing the 1hr chart is 2fold. Firstly, this 1hr chart 200ma(in blue) is clutch support...to sustain this inverted head and shoulder breakout all we need is for the 1hr 200ma to...
Currently price at the lowest level since January 2016. Divergence on indicators, could be forming an inverse head and shoulders pattern. A nice downtrend line. An impulsive break through resistance and 0.64 level is a buy signal. Powell speaking today at Jackson Hole symposium, expected to talk about the future monetary policy. Could be the trigger or invalidate...
Technicals:
Price closed above EMA50
Inverse Head And Shoulders Pattern became validated.
Potential Retest of the broken neckline is a buying opportunity.
Take Profit is as described in the chart.
Potential Breakout of TP1 could confirm TP2 and Potential Bearish Bat.
Invalidation of Inverse H&S is described.
Fundamentals:
Strong Yen as a safe haven however a...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
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....
Hello and welcome to my Trade Idea of the currency pair BTC/USD.
Lets start with the Top Down Analysis.
Monthly: Monthly is bullish with candles who getting bigger and bigger.
Weekly: On weekly is a nice uptrend.
Daily: On daily we see a little consolidation but potential for bullish momentum.
H4: On the H4 timeframe we see a trendline that could become...
BTG has been forming a long term Inverted HS over the coarse of the past year, currently found a nice support ~18 dollar mark, but definitely has room to move down into the lower 17 dollar range.
BTG isn't necessarily a smart Long ATM.
I suggest continued TA, as BTG moves sideways between ~17-19 ranges as a considerable drop from Bitcoin (down to ~8.7k) could...
As the price found support at the previous low at 104 area, now could be forming the right shoulder of the inverse H&S pattern with 107 as small support now. Since JP Morgan is a huge chunk of S&P500, it sometimes reflects where the markets could move soon. A buy now offers best risk reward, then adding on the break of the neckline. Divergence on technical...
The global market has remained mostly unchanged and is at $277B. Dominance has has risen up to 69.30%. The price of Bitcoin is at 10,700.
Price action has pulled back from 10,900 and has been able to find support at 10,700.
If the IH&S pattern plays out, we should see the price action reach it's next resistance point at 11,300 by the 24th.
Over the next 2...
Over the weekend, the global market cap has risen up to $277B. Dominance is down to 68.91%. The price of Bitcoin is at ~10,700.
Price action has been following the trajectory of the IH&S outlined. Trendlines has been adjusted.
On the daily charts, the current candle is testing a resistance zone at 10,700. Volume has risen the past two days. The stochastic RSI...
I'm long on the dip, and I'll add more if we dip again, but a shorter timeframe trade can be had with a breakout over the 4hr 200ma and a trailing stop a bit below 2 previous pivot points . Target is around 11,500-11,750 before another significant dip is likely. Don't over-think bitcoin.
After finding the bottom and wave i complete, we are in correction today. Inverse H&S pattern formed with divergence on indicators. Fib levels show potential retracement levels but currently could trade the break of the neckline and add another long there. Good Luck!
The market have continued to bleed and the global cap is down to $264B. Dominance is up to 68.48%. The price of Bitcoin is at 10,100.
Price action broke to the downside under selling pressure, but has so far bounced off of the long-term support trendline at 9,855.
A clear inverse head & shoulders pattern has formed based on the qualifying criteria:
- Right...
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