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...
Inverse head & shoulder is about to form in BTCUSDT. Overall Scenario is looking good in BTC, rather than any uncomfortable global scenario will change it. Possible a new all-time high is waiting for us. Weekly is also looking bullish. 42k zone is acting as good support, the break down of this support zone turns sentiments down & the inverse head & shoulder get...
Earlier in this cycle these were one of my favorite setups.. The win rate was ridiculous. Looking for a breakout and retest of the neckline. Should coincide with the 244 EMA SR flip on the daily.
The Trade: Long:
Entry: On the breakout and retest of the neckline
Stop: 4h close back below the neckline
Target: length of the head projected from the neckline....
If I could see clearly the EUR/CHF resistance area( which is around 1.05100) was broken with aggressiveness, which has now turned resistance to support, but before that support it had a quick touch(1.05300)and made a quick reversal back to the support also leaving behind a chart pattern which is an inverted heads and shoulders which is to say, that the market is...
$SLB pennant consolidation within its high tight flag formation is still in making. on monthly, it has just barely traded beyond its breakout level of the inverse h&s pattern. textbook measured move is $53, another +37% away. ER Q4''21 (YoY)EPS 0.41 (+86%)Sales 6.22b (+13%)
buy idea
Potential buy on gj with great rr. 156 level seems to be holding strong with minor tf inverted h&s pattern.
targets: short term 157.695 and final tp 160.
39k then 48k Bitcoin local prediction & targets 39k then 48k Bitcoin local prediction & targets 39k then 48k Bitcoin local prediction & targets
Inverse h&S in the making
BINANCE:BTCBUSD
BITSTAMP:BTCUSD
Bitcoin is trying to keep going up, powered by this bullish sentiment, but is in a very important resistance between $44K and $46K where the gigantic head and shoulders may scare some technical investors.
Despite this, the news are as bullish as they can be, like:
Bitfinex Hackers Arrested,
Russia To Legalize Crypto,...
Not everything is crashing. Hope, a bank company, just confirmed and inverse HS in the monthly timeframe. This a very strong reversal pattern to the upside. The FED is going to raise interests rates which means that the financial sector benefits. We are in a good point of entry, it may pull back to test the broken resistance (or it may not) and that would be the...
Buy the dip ; bears order had been blocked and hovering the support level horizontally.
Pushing down the wedge for price to go higher, inverted head n shoulders had been shown and should be able to buy and hold to hit 50-55K possible to hit 59 to plunge into over 60K while the breakout sees.
Hey traders,
As you can see on the 1HR of The Graph (GRT). The price has formed an inverse head and shoulders with a descending neckline/ resistance. To find the inverse head and shoulders price breakout target, you measure the impulse move of the head and add it to the top of the neckline. This is cool and all but as a bonus, we additionally have a Bullish...
Hello Traders,
As you can see a simple inverse head and shoulders pattern has formed on the 1hr of XMRUSD. To measure the breakout you take the head impulse and measure it above the neckline to find the breakout target. This move is approximately a 5% move, set your TP at $180.
Safe trading,
-Pulkanator
