As of right now the 1day H&S failed to complete but the 12 hr H&S has completed and has a target of 6815 to the exact.
Current support is 7298, our old resistance on weekly TF now being used as support.
Our target of 6815 is old support on weekly TF
But we did bounce off of old resistance , keep in mind.
The Head and shoulder on the daily played out, with a lot of room to fall.
All supports and resistance on my chart are body open/close- no wicks.
Currently all gains made from the last 20 weeks are erased.
we are coming towards much support
Bottom in yellow on chart, although we very well may have hit it -anything is possible.
Let me know where you guys...
Short term- Red circle indicates possible h&s(In light blue). may get faded.
Bigger picture- daily is bouncing in a Bull Flag(In purple) and possible handle.
This is all without looking at indicators, just visual's.
Looking at the weekly chart, silver seems to be using it's once resistance 17.37 price point as support now. I am looking for the yellow 21 to cross the green 55, giving us a bullish crossover.\
Currently resistance is the 18.37 region, although we have wicked over the region, we have yet to close a candle body on the weekly over it.
2 day-3day-and weekly stochs...
Looking through my 2 day and 3 day charts , I have documented a few circumstances in which it is very plausible we will be seeing a healthy ebb in price action. It seems when we get a "short exhaustion" during our bull run dumps, this is just consildation to sustain a further push . My 2day has created it's lower pivot and the 3day has yet too.
I dislike giving...
Posted previous ideas below. 4hr bounces off support to the T , Next res is 10920 . Probably today . Lots of strong signals from macro time frames-posted as well to see.look at my 12 hr chart and 2day chart.... Good luck All!!
The dark green arrow is telling me price reversal to long, while the purple is a reversal downside.
During Bull Market a Purple arrow signal is not as strong as in Bear Market.
2nd Time in BTC history.
The first time gave us a Bull Market to our ATH.
& We just did this today.