Bearish Head & Shoulders Pattern set up on BROS Notes on chart what to look for and how to possibly play the pattern .Sometimes these patterns will fail to break down if that happens i would look to get long above that green line as described on the chart
Clear evidence of Head and Shoulder Pattern formed onto Bitcoin. TARGET : Around 42000-42500. I will be releasing my position at 43000 since I have been in a short position since 50000. Do not take this as financial advise
#BTCDAILY - 6.DEC.21
MACRO LOOK AT BTC
What a few days!!! We have been dumping now for about 24 days - so if you've made it this far without selling or DCA'ing well then keep it up! Although we will probably have a little further to go. After taking some further time to look at current movement versus previous patterns $40k-$42k is looking more and more like the...
up or down who knows how this will play out, things seem as indecisive as ever and this this chart doesnt help....
Just a couple of observations....
Trying to learn so feed back is welcome.
i guess in the short term i will be holding until i get some confirmation on what the market wants to do.
In this chart There is a Head and Shoulders pattern that looks to be invalidated but could still find its way back down.
With volume in Meme coins
like Shiba Inu recently, it makes me think a correction is coming. However this is not to tell you to sell, it is just to tell you where you should
possibly to your holdings/positions if the opportunity...
Hello Traders,
USDJPY ready to retrace back for creating an opportunity to seek new highs before Bank of Japan's interest rate decision.
4H chart formed a H&S pattern and the target is 112-112.30 area.
I am going to watch the triangle trendline to be broken down and open my position regarding to that.
Trade safe and stay safe!
Likes and comments are...
Too many people see the cup and handle, if you're waiting to enter for a dip, I think you will be frontrun .
Don't try waiting to buy in the 5,400's too many people will open leveraged longs. Really? Do you think you're the only one with that idea? Everyone wants to long there for the f***cking mega-giga-pump cup and handle that is clear as day to all of these...
1st: bitcoin inverted cup with handle
if holds the white line, high probability will form:
2nd: head and shoulder scenario if and when the white line of support holds and causes a 'right shoulder' from short covering.
stay tune to this 3 month play.
follow for more ideas and updates for invalidations and more
I think we are about to bounce down to 2850 ish and that is the end of our elliot wave cycle and should push the 1d RSI our of consolidations.
We go be bullz now :)
To me, it look like LTC has a clear H&S with a down trend to follow.
It's been a great run up, but LTC needs to retract and rest. I had hoped for near $300 or more. But not this time - unless BTH & ETH drag it up again. I am going to close my trades when there is mininmal damage - but I am over 500% up with leverage, so loosing a bit now is annoying, but part of...
SOL has a clear head & shoulders. End of the of our glorious up, up, up.
Sol may see a slight rise before continuing to wiggle down - first to around $130 area and then down to the $115 > $117 area. Then down to $110. I suspect it will end up at around $75 - All of this DEPENDS upon the movment of BTC & ETH.
The down trend should provide some good scalping -...
I have spotted this pattern a bit too late, but now we are few weeks after its activation and target is only half way through. I am expecting this to hit the target before we start thinking about possible top.
What do you think? It looks like a textbook execution, I would be surprised if we fail. Now we also have broken the trendline of the previous two highs and...
Classic Inverse Head & Shoulders bullish idea.
Enter long at green, exit for loss at red or exit for gain orange lines.
DISCLAIMER:
I'M NOT A PROFESSIONAL TRADER AND THIS IS NOT A TRADING ADVICE.
