I believe Bitcoin will bounce between 7800 and 7000 for a couple weeks before breaking the 7800 resistance and then it will finish the inverse Head and Shoulder pattern.
Shorting bitcoin around 7700 might be in play with tight stop loss.
A potential selling opportunity here due to supply zone. Wait for price to enter supply zone before setting a sell stop @471.67. Stop loss goes above previous high, and target is 24 satoshis. Decent risk/reward of 2.
Previous Support turning into Resistance of Trading Range that experienced breakout + measured move. Also, confirmation as 50 retracement area of fib tool. Watch for confirmation of candlestick and take short position with risk reward for first target as 1:1 and the second target as 2:1
Possible formation of a head and shoulders pattern on the AUDNZD on weekly chart. Buying momentum decrease in lower time frames confirming resistance. Wait for proper sell signal on weekly to enter trade.
If you want to make a quick profit then jump in!
buy in range 0.0003700-4000
target green line 0.0005350-5500
macd is about to cross.
coin has been consolidating for some time and is warming up before a long run.
=> CHARTS = (MEDIUM/LONG) TERM - Please Don't Be Confused => Takes (weeks/months) to Complete <=
Hi, Followers and Friends,
So, as we saw on the last chart, a pause and a correction just happened on BTC market.
Now, It is probably time for Number # 3 - DROP TIME.
When there is a Down Trend = Correction is Up.
When there is a Up Trend = Correction is ...
So If you've been following me for a while you know that I think there's still quite a bit more left in this correction for Bitcoin 0.62% ... With a $3k target, we still havent quite seen a capitulation drop to shake weak hands within the market yet. In terms of the over all correction, it just makes sense for Bitcoin 0.62% to correct for a much longer time to ...
EURAUD Short is confirmed. Correction is nearing end but can last another hour or so but should be seeing another momentum push downwards towards our first target shortly. 2nd target is a potential but if reached will happen over several larger corrections.
Gold is moving towards 1295, the 0.618 retracement of recent gap and .236 fib extension resistance of previous bear leg. The established trend remains bearish and lower lows and lower highs are evident on 240 graph. Higher TFs show that there is a potential for support as continuation of bigger bullish move on weekly might attract demand so staying alert for a ...
Updated Wave counts narrowed down to the two possibilities that I think are the most likely within the short term. We'll have to see how this plays out within the next month. Updates are coming, of course. Not much to say here... Everything is just playing out as expected from the May top. Can't say much else. We've been in a bear market for the past 6 months and ...
The 4 hour chart of the EUR/USD has formed a Head and shoulders pattern
The pair is likely going to retest the neck line
selling pressure will be more after neck line resistance retest
short now....
In my opinion we will have here good Head and Shoulders pattern.
Now price is on bearish move and it's going to retest neck line between 1.2065 - 1.1940.
There is more reason to go short from this level.
For example 0.5 - 0.618 fibonacci retracement.
We can not forget that we are in big down trend since July 2008 which is another reason to go short.
For me only ...
There is a daily head and shoulders pattern forming on the S&P 500, if it completes there will defiantly be some downside potential. Im looking to make another top near the left shoulder and then break down through the low support neckline.
