Been generally pretty neutral to bearish on BTC at least short term for a while now, but support levels have been holding up pretty well and it's looking like we have a potential reverse H&S here. Maybe a reversal of the current bearish trend is in the cards.
First of all, we can identify a reverse head and shoulder. Bullish sign. Then, the green line is crossing the red which means price going up (in the 4H). But the most important thing is the blue line crossing the 50 level in the daily, which means big expansion incoming. As the red and the green line are above the 50 lvl (in the daily) the ODD that the expansion...
I believe cryptos are about to BOUNCE, driven by BTC bouncing off the lower trendline for a ≥11% move. Bitcoin just completed a H&S that took us from $41k to $33.5k and is at a crucial decision point for the next big move. What gives me confidence is that ETH is forming a reverse H&S that goes back to the initial crash on May 19. We’re sitting just above the...
Keep an eye on Ethereum. We seem to be building a reverse head & shoulders formation on the 4H timeframe which is generally a bullish reversal pattern. A convincing close above $2908 on the FTX-ETHPERP 4hr chart should then be confirmation that this pattern is in play, with a potential to retest $4100.
Bitcoin is about to have a post shake-out move back to $48K levels. Expect a solid ALTS recovery with it.
Some homeless guy came up to me and wanted to give me a trading tip... He said "Buy Volkswagons & WallyWorlds but Sell Memes & M&Ms! WW's forming on BTCUSD 1H Could it be time for...??? Any thoughts or opinions? P.S. W is a buy, WW is a strong buy. M is a sell, MM is a strong sell (or take profit ;) What are your experiences with this trading method? ...
I have to publish this idea fast, because this analyze for Short term . We passed the corrective structure and now we are on a new impulsive wave . If you pay attention to my chart ( ETHUSDT PERP ), you can see a Reverse Head and Shoulder Pattern on the end of microwave C and it was a sign for reverse. My Suggestion : you can Find the best Triggers ...
Picture perfect reverse head and shoulders formed on XTZ 4h. This is also verifying a cup and handle pattern that was already forming. If we break the second line of resistance, cup and handle will be fully formed as well. KRAKEN:XTZUSD
XRP has broken the neckline of its inverted head & shoulders pattern this morning on the 4HR chart. Projected target is approximately 1.85 with the possibility of tagging the recent high at 1.97
Previously, I stated that we see a reverse head & shoulders despite people calling it is normal head & shoulders and I was proven right as after last shoulder we followed the black line I have drawn. Now once again, we arrived at the critical point, the bearish resistance upper channel (blue line). We have tested this part before and couldn`t break it. Once again...
I believe that we have finally reached the end of this long uptrend, and ending this accumulation phase with the explosion of the Head and Shoulder Pattern, reaching 1.29037 if we count the breakout from the current point, or a little lower if the Throwback occurs. In any case, the hypothetical final achievement (if fundamental analysis does not bring about...
Initially from the fist part, I thought it was a double bottom W formation and it worked till 16$ but couldn`t break the blue line that`s the resistance and went down again. The good thing is it found the same resistance yesterday at 13.55 which is the bottom on the first wave. Hence I firmly believe, as you can see from the black line I draw, we see a reverse...
Found a reverse head & shoulder patter on the 1H amongst all of this chop chop
Compound looks to be another alt that is experiencing a neckline breakout from an inverse head and shoulders pattern. It looks like a slight retracement is now occurring which has the potential to break down below the neckline still, however, assuming the trend continues, it has a bit of potential upward as indicated by the head to neckline length extended after...
My monday analysis havnt been post on team.. but the uptrend is still quite clear, easy target. Fundamentals on TEAM looks amazing and better than Zoom for the longterm. But current market is telling me to look for quick Profit. so Team is there