Zman313

Zman313

Hello Crypto-Traders/Analysts, BTCUSD has created an inverted Head and Shoulders formation lately; it is a bullish-reversal price pattern. However, the pattern has been violated recently by the price falling below the right-shoulder's level (intra-daily). As a result neither the inverted pattern, nor its failure, have been confirmed yet. That being said, i am...

Zman313

A well-defined Head & Shoulders formation has been created since January of 2017 (this is a two-year-bearish formation). Long story short, the price is expected to be testing the formation's neckline (around the $50.00). An ideal initiation of the short-idea would be a confirmed (bearish-reversal) candlestick on the weekly chart. The candlestick should be...

Zman313

Simply put, I see the bearish-reversal Head & Shoulders formation on Twitter. Once confirmed with a strong breach below the $26.00 (the formation's neckline), I see two price targets south of the mentioned neckline: $17.40-$19.50 levels (Fibo extension near an old breakout gap) $6.00 (classical measure of a typical H&S formation) Volumes has been dropping...

Zman313

This is a corrective/bearish outlook on S&P500 Index based on Point & Figure charting. The Index managed to breach below the first uptrend line around the 2,550 level. Based on P&F charting (which is, arguably, one of the oldest charting techniques used in the western hemisphere), I expect the Index to dip to the second major uptrend line @ 2,200 points (-12%...