Inverse Head and Shoulders forming. Neckline is at around 3.94. Think this will definitely run up to the resistance point at 4.16 which would be a 4% gain from current price of $4. If passes that resistance I see this running to 4.31 at least which would be about an 8% gain. Also a bullish flag is forming just above the neckline which make me even more...
6 mo long inverse HS, measure rule implies PT just high enough to fill gap (≈100% higher than now)
Be on watch may retrace to lower NL level before actually breaking out.
Momentum initiated as + on weekly interval today and monthly less negative.
BTC maintains a decent opportunity here to recover from the current healthy pullback and clear 10k. Bulls need to hold above 9k. Will they pull through? We'll have to see.
It is very early to call much like my "Largest Cup & Handle Known to Man". This one I called rigt after that massive pump the other day on BTC. I am not saying it will happen it looks like a possibility it would be the beginning of the bull run.
Would it be wrong to think XVG will complete this pattern?
I mean, aside from the anomaly of the buy the rumor sell the news peak and drop of the pornhub collaboration, it looks like a perfect setup for the completion of this pattern.
To me at least.
Also as i write this, it's volume is amongst the top on bittrex.
I'm not an trader I just question a lot
Considering mid term strength and an inverse H&S with neck of a right shoulder around 9890 the range can be 12500+ - from 12k local high to the left side of the neck is 30% gives the range up to 12860 - all depends on the momentum and the FOMO.
If not already in a trade I'd consider an entry after breakout confirmation or after breaking another local downtrend...
Hello again friends,
Today I'd like to share with you my view on NEO. I will preface by saying I have a bullish bias towards NEO because I love the project, I love the model, I love the community they've built and I really think NEO is going to have a fantastic 2018. I feel the same for other smart contract coins as well, I think the use cases of these coins...
Spar is one from my moneystream list, Inverse head and shoulders pattern. I like the look of balance of power on this for good confirmation been showing some nice informed buying accumulation throughout the h&s. looking for $20 target. Earnings due to be released next week though on the 3rd
Hi.
Looking at the 4 hour chart - and the possibility of a REALLY PRETTY BIG inclined inverse head and shoulders developing.
Not knowing all the "rules" of the H&S pattern, this may be total baloney. But the orange lines seem to be in about the right set of shapes. Interestingly, the purple parallel lines show the shoulders have a very consistent height.
If...
Posted something similar a while back but figured id update it with some added info. We got the kijun bounce just not as far as i originally thought but im thinking its fairly likely that were are falling through or to the bottomish of that order block 1 more time After the last rush upwards i noticed a more crooked inverse head and shoulders which isnt that...
Bitcoin is currently still in a bearish rising wedge with a measure of confirmation in it's declining daily volume. Should the wedge break downward, as I expect, it could allow for the formation of a right shoulder of a bullish inverse head and shoulders pattern.
What would invalidate my concerns about the bearish wedge would be if bitcoin closes on a daily...
While many are confused on which way the market will go next, there does appear to be an inverse head and shoulders pattern already developed in SPY. Friday's down draft merely tested (and held) the breakout level.
Next stop, 278
Hi, I was just looking at BTC, and what will be it's next move now that we have broken two big trendlines in one move as I was hoping. :) I expect the upward trendline we broke is strong enough to serve as support for this run up we've been seeing the last weeks, and we will continue to to follow that uptrend into May untill we retest the $10.000 (or $10.200 to...
