BINANCE:BTCUSDT Bitcoin is at it again, setting up for another bullish move. This time, it's an inverse head and shoulders reversal pattern. Watch for the break of the neckline to trigger. It should get us through the downtrend line created by recent consolidation. This move would correspond to a VWAP reclaim (thin blue line) which should trap some shorts. ...
Just observe and maybe it will be the dip of the year.
There are two potential inverse H&S scenarios playing out for ethereum. I have overlaid both on the chart, one in blue and the other in green. We are currently in a potential bearish flag (purple parallel line) and it all depends on how this breaks. Scenario #1 (green): the flag is currently forming at the 0.786 fib retracement since last bottom and top and may...
I think its quite clear to spot a Reverse Head and shoulders when looking at stellar. with this in mind, stellar is making a strong signal up. also the ichimoku cloud shows very weak resistance on the Red kumo cloud. also take note that the ichimoku settings are 20,60,120,30 for crypto markets. also price broke out of the 55 ema it may also look as we are on...
Wait the throwback on the Neckline to take long
,It's been an ugly week in the crypto world. On Monday, there were hopes that we were at the bottom of a large symmetrical triangle at 146 which is scheduled to culminate around April 15th. It dropped below the triangle to 138, and that brought the downtrend channel (Pink Lines) back into play as indicator for the week. We saw a "death cross" where the 200 EMA...
GOOD DAY TRADERS THIS IS MY ANALYSIS ABOUT AUDJPY. I think this is the best time for the BULL. 1. Price near strong SUPPORT. 2. Price potentially make inverse HnS . 3. ABCD pattern qualified. So this what i'm thinking. I'm going LONG in this pair. Entry : Around 81.200 Stop loss : Around 80.200 Take Profit 1 : Around 82.500 Take Profit 2 : Around...
Guys I was talking about this earlier on the stream that gas was forming this inverse head and shoulders and its really forming quite well here. Got in on bottom of right shoulder at 2400 satoshi so hoping this plays out like we wanted! Maybe at least to the cloud.
BTC/USD is showing a potential inverse head & shoulders here. it is fractally very similar in movements to the inverse head and shoulders that took it from around $6k to around $12k. if the neckline is broken, target is labeled on the chart. trade at your own risk.
If looking at the 5min chart you can see my thoughts on Elliott wave options. Both bringing us to simalar targets. I'm guessing a 50% pull back from there
Hi All, This TA is just for Education Purpose. As i can see few times 1 Day charts pattern been denied. Lets see which timeframe is the best to analyse BTCUSD price movement. I chart using 2 Hours Charts. This TA is simple just using Volume and charts pattern. 1. Triangles (direction of the price is depend on the breakout location). Volume is decline from start...
Hello Dear Friends <3 I NEVER trust technical analysis conclusions from someone with a fixed narrative - Peter L. Brandt (world-famous trader and TA-book author). - D4rkEnergY, you always say it can go either up or down. - D4, You change your mind all the time. - You are wrong again! Down in the comments you will hear a lot of those comments over and over...
Look for Kumo to twist belly down. And the DI+ / DI- to squeeze. Room to fall. Potential bottom of shoulder at ~$96.80 As always keep an eye on volume.
Clear to see there is the potential for this head and shoulders pattern on LTCUSD to play out. I am looking at it on the 1hr time frame.There is still room to go lower and it will fit the rule. The key for me here is we have a higher high for the end wave of the head, and a currently holding a higher low compared to the left shoulder. Theses 2...
Went long @ right shoulder. Hopefully it breaks out Target 11k, with a possibility of wave 4 correction before target.
Dear Crypto-Family <3 So this chart is a follow up on my chart from yesterday: The Worst BITCOIN Chart Ever! You Be The Judge... Booring.. We are this time taking a look at the 4h BTCUSD Chart. So I was right about my prediction, that we needed a 50 % retracement, which made us kick start the beginning of a 3rd Primary Elliott Wave. Once again I got lucky,...
Hey Everyone, see my comment for details for some reason TV thinks I'm not speaking English
Currently LTC could be forming the right shoulder of a very bullish inverse head and shoulders reversal pattern. No one can predict how low the right shoulder will go but it would be an extremely bullish formation if it was a higher low than the left shoulder. A breakout from the neckline of this pattern would correlate with a breakout of the current downtrend...