My strategy always boils down to 2 entries for 1 stop loss which is in my opinion the most important.
Long:
1- Entry 0,618 Fib Retracement
2 - cloud support
STOP LOSS: 0.8% BELOW 0.786 FIB Retracement
Target:
1 - 0,5 Fib Retracement
2- 0,236 Fib Extension (from 0.5 fib Retracement, increase stop to 0.618 fib Retracement and go up with each achievement of...
The whole market is tanking which could invalidate this Inverse H&S on NYSE:DIS , but so far the right shoulder has formed to the bottom and now the expected move would be a reversal to hopefully clear the neckline. That said, even just from here to the neckline represents a ~9% move and gain.
The price had a breakout from the daily dynamic resistance and now the market is trying to have a breakout from the weekly resistance.
On the daily timeframe, we can see an inverse head and shoulders and the price creates its neckline on the weekly
How to approach?
We are monitoring the price action, we made more than 11% since the previous idea.
Now I'd like to...
On the bigger picture I want to say this is an inverse head and shoulders. Pay attention for this to break further to the upside. With oil prices rising $BKR supplies rig companies with the equipment to operate.
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend...
Rejected at the gap already. If we don't break into the grey area look for this stock to continue to pullback to the lower levels.
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend lines
green lines = safe zone
any other lines add will be discussed with the...
Long Term Trend:
Bitcoin is still bullish in the bigger picture. This is due to the higher lows of 28796 and the recent low of 32837.
Short Term:
Bitcoin is currently forming the 2nd shoulder of the inverse H&S pattern. The reverse usually occurs at 1/2 or 2/3 retrace of the neckline. Lower volume also favors the 2nd shoulder to hold. To successfully complete the...
Formed A base and now at BO level.
Made inverse H&S pattern.
Rsi crossing 60 in hourly and crossed 40 in daily.
Also CNXIT looks bullish.
Can be A good buy if broke today's high or resistance level.
If Gap up wait for retest to enter.
Target can be next resistance or hight of the head or round no. 600.
BTC still in Inverse Head & Shoulders pattern with daily close about to happpen, needs to close above $40,000, then we will see a pump in my opinion, a close below, I have a bearish target of $28,000 and will enter and short position.
We've tagged our 39.6k level nicely for a potential inverse h/s. RSI is seeing a cross on the 4h and we have a td9 on the 4h, so chances of movement up here in the short term is quite good.
Also this sell spike has really solidified the bullish divergence we've been seeing on the sell pressure side: as the price increases the sell pressure has decreased, while...
Here is a bullish idea for the $BTC daily chart. as you can see we have been on a downtrend for a period of time and have broken back upwards a little bit.
My bullish idea is if we consolidate for another little while to let the RSI cooldown we could have an accumulation before another breakout upwards!
All eyes on BTC as it prepares its next big move upwards or...
$BTC 2 bullish formations on daily
Inverse Head & Shoulders with a Cup & Handle.
Potential reversal patterns, but loss of $40.9k would negate the reversal and indicate bearish continuation as more likely.
Must watch $41k support zone closely.
I copied the left shoulder (yellow) then mirrored it (flipped it) it looks almost exactly the same, right before we had the dump to 33k we had a pump. That being said what if we’re dumping right now to touch the bottom of the range (opposite of what it did on the dump) then we pump out of the Inverse head and shoulders
Haven't seen a single person on the internet...
BTCUSDT: The price got a rejection from the weekly resistance on the 46k as I said on the previous analysis. On the daily timeframe (the upper one) the price is creating an inverse head and shoulders and its neckline is the 46k key level.
On the 4h timeframe (the lower one) we can see a Pennant pattern, and the price is testing the static support on 0.5 - 0.618...
I don't usually disregard wicks but wave 2 was a black swan so in this rare case I'll make an exception. When you measure the 1st wave; the bodies of the weekly candles end perfectly in the high probability zone (golden pocket). If you project from the same place the wave 3 ends in the High probability zone for a 3rd (1.618 - 1.75). Wave 4 has hit the high...
The market had an important bounce on the Monthly key level and it created an ascending channel
The price is testing the 4h resistance right now after the market created an inverse head and shoulders on the daily timeframe.
How to approach?
If the price is going to have a breakout from the 4h and weekly resistance, According to Plancton's strategy , we can...
