So for the traders among us that were children in the past, there is this song which goes: Head, shoulders, knees and toes, knees and toes <--- Head, shoulders, knees and toes, knees and toes And eyes and ears and mouth and nose Head, shoulders, knees and toes, knees and toes So naturally, we should see a head shoulders pattern again
An inverse head & shoulders pattern formed in the charts of Intellia, a company developing CRISPR gene-editing therapy. While CRISPR has not been approved to begin human trials in the US, it has already been tested on over 80 patients in China. Target: $31 (previous closing high), or long term hold Stop: $18 - $20
If this were a head and shoulder... Could it possibly be a sign of reversal?
Head and shoulders, but on a sloping line. If BTC reaches 14000 and fails to push through then it could be abiding by the down trending channel and not the Schiff Pitchfork You can see this pitchfork on some of my posts from several days ago. It continues to be very accurate. a breach of this will be very significant. Each bounce within this fork is smaller and...
After support failed between 17k - 18k satoshis I think we are heading back down to the neckline to finish off classic head and shoulders pattern. I will keep this updated.
I know very little, maybe I know a little. I'm posting this one for putting myself out there and two because I want to get better at the technicals of trading in this sentiment driven market. Please be as ruthless as you want, cheers and happy trading! -crowd
A little messy but definitely starting to look like an inverse head and shoulders getting ready for it's reverval.... Booom! hehe... take your time Bitcoin!
Wait until we reach the support line of the right shoulder at 1300. Possible buy opportunity with low RSI for short term long position. Hold for approximately 25-30 Hours depending on the moment of the bullish upturn. Take Profits at 15800
We have a possible Head & shoulders pattern forming on the 4h chart. We know BTC doesn't follow usual patterns, but we also know we're in a descending trend, so this time, it may surprise us. We're currently at the 200 MA, if it breaks support and goes to 13k, prepare your wallets for a buying point. What do you guys think?
Pretty simple and straightforward Gann Fan analysis. There is very visible resistance in the market. Wait until signs of trend reversal from the right shoulder, then short.
Along with upcoming events the head and shoulders shows a high potential for a secure long sell position against the Yen. I would sell upon the confirmation of the right shoulder. I will post a clear signal once the shoulder fully forms and continue on the reverse of the trend.
Analysis with dozens of possible influences taken into count. Lot's of variables are used to predict this.
There is a Reverse Head and Shoulders pattern in the USDDKK. This could be confirmed by breaking through the neckline
Bitcoin BTCUSD Update If you got long again at the ridiculous hour of 11.30 pm est you're hard working and deserve your 400 points reward. Weirdly the crypto chat room was quite quiet with a guy from London waiting for the BCH burst to top out so he could bail out and fade the consolidation. London's finally catching on. 2018 will be so fascinating and fast...
Head and Shoulders setting up on the Daily time frame.
Bitcoin Update The reverse head and shoulders pattern is clearer now.. Right on the breaking point now and therefore vulerable to a failure here...but it looks good so far... Because the H and S pattern is clearer it also gives a clearer measurement target on the upside once 7425 is beaten: 77333 is the minimum measurement implication of this break, if and...
I see a possibility of an H&S pattern on the Eur/Gbp 4 hour chart, looking towards going bearish when it breaks the second blue trenline.