Hello Everyone, There is a possible opportunity at hand as we near the completion of an inverted head and shoulders pattern, thus will become the signal to go long. All points are clear within the chart. This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework....
Weekly candle looks like a bottom.
Good morning, traders. The Proof of Keys event came and went without any fanfare. There are some conspiracy theories concerning HitBTC and Bitfinex in relation to the event and exchange down time and/or frozen funds, but that's all they are. I am going to keep today's analysis short and sweet while concentrating on the D1 TF since I believe that unless you're...
Could this be an Inverted Head and Shoulders in order to complete the Right Shoulder of the large Invert H&S? -Hawk
Long position forming on AUDUSD Inverse Head and Shoulders pattern forming on the 1 hour chart Please wait for the break of the neckline before entering this trade, if the support channel is broken trade is void - the support channel is shown by the highlighted box Please let me know your thoughts i wish you all well!
Clear inverted head and shoulders pattern, might push BTC back to the 50 day MA which is lining up with the 4000 dollar big even.
Very possible scenario Btc will make inverted head and shoulders and will increase to 4800-5200 (fib 50 and 62) and retest the fib 38 (4400) Macd will have cross immediately and btc will grow
Inverse head and shoulder patterns are one of the most bullish reversal patterns in technical analysis - when they confirm. Until they confirm, they are actually a bearish pattern. The neckline of the inverse head and shoulders (thick green line) is STRONG resistance until it is broken. If you look at the history of inverse head and shoulder patterns like this...
Good morning, traders, and Merry Christmas Eve. Bitcoin has been offering itself as a great present this past week and it looks like we've got some more upward momentum coming our way. I've got multiple things noted on these two charts, so take some time to understand it all. The 4H chart gives us the bigger picture. I have the large green accumulation TR noted...
I know its too early for this but volume profile and RSI fits this narrative. This is just a guide for future reference. A probable inverse head and shoulders on the daily Time Frame. We are going 4500 the 3800 to breach 5k all the way to 5500. Altcoin Market Cap and Total Market Cap is showing similar bottom formation. Altcoin market cap just broke out of a...
we just experienced a sizeable 4hr candle to start the new daily candle but so far not much volume to go with it yet on the daily... this could be a major bull trap we have technically broken above the neckline of the inverted head and shoulder pattern on the 4hour chart but the right shoulder is very disproportional and may actually just be part of the head...
Que la euforia por el cambio de tendencia no nos ciegue. El cambio de tendencia no está confirmado ni mucho menos. El precio puede estar formando un HCH invertido, pero inclusive confirmándose esta figura de cambio de tendencia tenemos que ser cautelosos con las inversiones a largo plazo. Personalmente no voy a asumir que la tendencia bajista haya terminado hasta...
Good morning, traders. Once again, it pays to watch the morning live stream. After the breakdown of the small descending triangle, I stated that the most likely scenario was to see price print an SFP around $3200, which is exactly what happened. Price is now consolidating toward the large red descending broadening wedge's resistance. If price pops up and through...
BITFINEX:BTCUSD has seen quite the draw down from it's ATH. The short side also recently reached an ATH, as it's been easy money over and over for an extended period. I see this as a possible scenario for BITFINEX:BTCUSD to catch complacent and comfortable shorters. Like and Share your thoughts, I'd love to hear and see what you think. Not financial advice,...
I started calling this pattern very early on CT, but did not expect it to take as long as it has. Looking at the cross of the New Year for return to 6K+ imo. Then off to the races. I have been shorting since 6200 and started opening longs on 12/7
GOLD SHOWING A MASSIVE INVERTED HEAD AND SHOULDERS PATTERN WHICH IS TO BE ACTIVCATED BY A SERIES OF 2 ADDITIONAL NESTED INVERTED HEAD AND SHOULDERS PATTERNS WITHIN. XAUUSD
ADA has hit a bit of resistance on an inverted h&s neckline, if it can break through it we will see an epic rally, but... its a little oversold on the rsi and we're starting to see some divergence. also the vortex oscillator is still red, but we are seeing some pink above the zero point; which means it is trying to break resistance, but hasn't yet done so. this is...
EURUSD Timeframe: 1D Direction: Long Confluences for Trade: - Inverted Head and Shoulders Formation - Stochastic not in Oversolld conditions - Good risk-to-reward ratio - Fundamentally, the positivity from Trump-Xi trade talks should give the market some relieve from the dollar strength we been seeing. Adding on Italy is showing some willingness to amend...