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DrDovetail DrDovetail BTCUSD, 240, Short ,
216 0 4
BTCUSD, 240 Short
The correction for the massive bull pump begins.

It had to break down sooner or later a retracement was long overdue. I was able to exit at around 7670 or so which was more than close enough for me to our projected inverted head and shoulder breakout of 7.7k and basically sold the top. It's hard to say just how far we will dip on this next downturn but I'm confident we will only form a higher low in doing so ...

324 3 4
DGB potentially on verge of an inverted head & shoulder breakout

Could be an impending breakout...could also be a fakeout...watch for bullish volume to confirm. Probability favors a breakout with btc being so bullish lately, however there's not much room to climb up on the 4hr stochrsi...so it could still go either way.

k6 k6 ADAUSD, 1W, Long ,
67 1 2
Head and Shoulders

Its always a head and shoulders

141 1 3
Two Outcomes.

Looking at the 1day chart you can see that if we were to break upward here we would be forming a higher low on the 1 day chart and that also the inverted head and shoulder pattern is still in play. However the stochrsi on the 1 day chart has plenty of room to dip still. I think we could still be forming a 1 day inverted head and shoulder pattern however if we were ...

DrDovetail DrDovetail BTCUSD, 1D, Long ,
450 3 3
inverted head and shoulders breakout confirmed target 7.7k

guess we wont be waiting for futures to expire afterall...not sure if someone got news that an etf was gonna be approved or what. However this breakout should get us to at least 7.7k Maybe there will be a plummet after this before the futures expire..who knows. I hope for btcs sake it moons though.

72 1 2
BTC may be forming a cup and handle.

Just my opinion, but with both the 4hr charts rsi and stochrsi well exhausted and well into the overbought zone and the 1 day chart's indicators now just reaching overbought conditions, I don't think we will be able to sustain an immediate breakout of the inverted head and shoulder pattern and a small correction is due to reset these indicator levels before a ...

bowgamer bowgamer BTCUSD, 240, Long ,
115 0 2
BTCUSD, 240 Long
9.5k by September - Inverted Head and Shoulders Target

BTC blasting through resistance today. Heavy resistance at 7.4k Looking optimistic so far.

bowgamer bowgamer BTCUSD, 1D, Long ,
290 0 7
10k by September?

Spring when

85 0 1
Bitcoin Reversal

Currently, it appears to me that bitcoin is following the path of the inverse head and shoulder I have drawn and suggested weeks ago, it has broken the trendline of the last move down in an off shade of blue. So long as 6250 (the green line) stays strong the bullish sentiment will remain and we will continue the pattern. I believe that there is a strong ...

sergio00 sergio00 BTCUSDT, 240, Short ,
1171 19 33
BTCUSDT, 240 Short

Friends When I see the chart at 1 or 2 minutes, I examine the relationship between volume and price with a magnifying glass. What I observe is a predominance of bearish muscle strength over the bullish forces. I see it not only because of the red volumes bigger than the green ones (3 to 7 times more powerful), but I also see it because of the effort it takes for ...

Silvertoe Silvertoe BTCUSD, 120, Long ,
126 0 1
BTCUSD, 120 Long
BTCUSD Massive Inverted H&S Just Happened

Its important to study what happened so we know what to look for in the future and we know where we are at now. You can see a near textbook Inverted H&S pattern with some slightly off characteristics but nothing is ever perfect. This at least tells us that we are at the beginning of a new cycle and we should be looking at coming price movements that have followed ...

171 2 5
Sending bullwicks above the inverted head and shoulders neckline

Looking at the 1 day chart we see a very promising sign here that the higher low/higher high bull pattern might continue. We need the price action to climb to 6850 or so to form a new higher high on the 1 day chart before the next significant breakdown happens. If so odds are food the following down trend will only form a higher low on the 1 day chart which will ...

269 7 11
Big Surge in Bull Volume Takes Us Back Up Towards the Neckline

A much needed bullish volume surge breaks price action back up above the 4hr 200 and 50MAs and sends us back up towards the neckline of the inverted head and shoulder pattern. People are attributing it to the rumor that Blackrock is considering getting into crypto ETFs. Botht he 4hr stochrsi and rsi are super extended in the overbought zones..so I think our most ...

akantardjian akantardjian BTCUSD, 240, Long ,
72 0 1
BTCUSD, 240 Long
Inverse Head and Shoulders forming

Inverse Head & Shoulders are forming, which would send BTC up to the next resistance point of 6744, followed by 7588

131 0 5
Inverted Head & Shoulders on 1 Day Chart Still Very Much In Play

We got very close to the original projected price target of the lavender wedges projected breakdown, but jut broke upward from the latest bear flag just before the new day candle started. What's a very encouraging sign is that we dropped to almost the exact same height as the left shoulder of this inverted head and shoulder pattern...always good for the validity ...

DrDovetail DrDovetail BTCUSD, 240, Long ,
216 0 4
BTCUSD, 240 Long
Still flirting w/ inv. h&s neckline; nearing 4hr golden cross

We continue to form a bull flag at the top trendline of the pink symmetrical triangle which also doubles as the neckline of the inverted head and shoulder pattern. We can see the we are on the verge of a 4hr golden cross too with the 4hr 50ma(in orange) nearing the 4hr 200ma (in blue). A golden cross on the 4hr chart is very often followed by an uptrend. I feel ...

DrDovetail DrDovetail BTCUSD, 240, Long ,
193 2 4
BTCUSD, 240 Long
Testing the Neckline of the Inverted Head & Shoulders Pattern

A nice bull surge has taken us to the neckline of the inverted head and shoulders pattern! We pierced it on the last candle..if we can close a couple candles above the neckline I'm fairly confident we will be revisiting the rimline of the inverted cup and handle pattern we broke down from last month. Breaking out from the inverted head and shoulder pattern will ...

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