price heading back to 76.051. Anticipating to go long form there
Inside of the ascending triangle on a micro scale Bitcoin is forming a cup & handle, there is merit potentially for a inverted H&S as well. The RSI is displaying a inverse H&S, interesting because the moving averages are about to converge Only time will tell, but a golden cross followed by an immediate death cross seems like a future occurrence.
Sorry to keep it short & sweet with another quick 2 publications today! I promise I"ll make a nice fat juicy/lengthy one tomorrow :) TIMEFRAME: Mid. RiSK/REWARD: LOW/MID Everything you need to know is on the chart including the stop (included 2 figures) Personally I'm going for TP2; CHAINLINK has been and will be one of the more promising tokens ushering...
Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...
After a dip in the Major Demand Zone Price went up and broke above 1.08186. We will be looking to long up to 1.09880 if the current support holds
Plan: wait for the price to bounce off from trendline or key support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment...
Plan : wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if...
I CAN SEE POSSIBLE HEAD N SHOULDER but it all depends on the next candle.... no clear view atm. i wont recommend trading chf pairs. this is just an anlysis...not clear movement..or signal.
Measured move of the Inverted H+S would place the Gold price at $1,900/ ounce, this would be within spitting distance of all-time-highs Inverted H+S Should this pattern resolve, I would expect that this price move would bring substantial media attention, as this would mark the first time since 2011 that Gold would have traded at these levels. There is...
Ticker: WES Position: ~ $7.00 Strike Call (Currently around $0.62/ contract) ~ May 15th expiry ~ Delta = 0.57 ~ Risk no more than $300 (4-5 contracts) Exit/ Profit Targets: ~ Close below the neckline = exit trade (approximately $6.00) ~ Initial target = $8.00 ~ Secondary target = $11.00 Rationale: ~ Inverted H+S breakout ~ RSI confirming latest move...
Plan : wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do,...
USDCAD might trace inverted head and shoulders this week.
It appears as though Overstock has formed a nice rounding bottom, which is now turning into a Cup & Handle potentially.. There's a few bullish indicators & even more so there's Macro events taking place with blockchain in China that are likely going to take this stock to new All Time Highs. tZERO said Hong Kong-based private equity firm GoldenSand Capital...
Hey there, This is a continuation from Yesterdays post on a short position I took on GBPAUD which hit our take profit with a decent 4:1 risk rewards ratio. From the chart we can see 4 bearish confirmations: 1: Descending channel 2: Inverted Head & Shoulders pattern 3: Fail retest of the neckline which was previously a support area, rejected the test and...
this analysis updates for my previous gold long trade idea (link attached below!), we can use the 1770 support level as our 2nd entry-level to go long to 1727 target price but remember the risk-reward ratio is only 1:1.5 ... good luck! Plan : wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish...
QE4EVER, do you ever remember reading about this in Economics 101? Fuck no, and Bitcoin wasn't in Economics 101 either, remember that when conducting your analysis. Moving on, Bitcoin appears to be trading in a Ascending Triangle outlined in Blue. Where I have placed the 3 green arrows pointing sideways to the right is a nice example of a Triple Bottom,...
Quick pattern update here. WES appears to have an Inverse H+S pattern forming on the lower timeframe. A clean break from the pattern would target the $9.30 range, setting a conservative exit, with a close below the purported right shoulder would minimize potential for losses. WES has been one on my list for a while lately and I recently closed a position for...