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...
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...
Inverse Head & Shoulders are forming, which would send BTC up to the next resistance point of 6744, followed by 7588
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...
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...
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...
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...
BTC blasting through resistance today. Heavy resistance at 7.4k Looking optimistic so far.
4 hour chart has formed a left shoulder ad head of a small head and shoulders pattern...if that breaks down it may trigger the rising wedge breakdown as well...been going sideways for a few days now...the larger inverted head and shoulder pattern is still in play as well though...so this idea will remain neutral.
After seemingly breaking down from the first wedge but not getting a big enough red candle to go with it I have readjusted the smaller green rising wedge to fit more of a traditional bull flag shape. Was also able to widen the larger purple rising wedge with the newer candles wicks to see that we are still very much inside the bigger rising wedge. We could...
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...
For a long time I've been Bear-biased on EURUSD, but it seems that we might just have a head and shoulder forming within the triangle. Possible trading options would be to buy low @ 1.16500 or sell high @ 1.19000. Both require patience and a good entry point. For the buy: TP1: 1.17600 TP2: 1.19500 SL: 1.15700 For the sell: TP1: 1.17600 TP2: 1.15000 SL: 1.19500
Looks like a nice trade , but be careful as their are lots of H&S forming at the moment , see my other posts.
Dollar Basked head and shoulders. , also see my other post (30 min chart)
We got a nice little green impulse past couple candles with some very strange behavior going on with the orderbook over on gdax likely from bots.We can see now that we are a bove a very ugly looking inverted head and shoulder pattern but we can also see the 4hr stoch rsi is overextended and must eventually drop sooner than later. If we can maintain the price...
Looks like a nice trade , but be careful as their are lots of H&S forming at the moment , see my other posts.