Now 2017 all time highs been broken I like this even stronger inverted head and shoulder pattern? onlinetradingconcepts.com Target : $3828
Now that the market has settled down I see this pattern emerging post Inverted H&S. Target : £2275 ~ All Time High see link :- thepatternsite.com
I did not think possible until I saw this example? teknikanalizformasyonlar.blogspot.co.uk Obviously if ATH2017 levels broken this probably becomes invalid!
Lots of talk as to how far Bitcoin might fall so I have given you an alternative target price around $1500? This last move in my eyes confirmed we are in a corrective phase bearish market but needs to break some psychological levels in the coming days and weeks. Of course these are only my ideas and should not be taken as gospel!
This recent move although expected is making everybody second guess the next move? As you can see there are significant levels to breach to make new All Time Highs! Prefer now to wait and sit it out until post 1st August 2017.
Very difficult to know whether or not this Wave Pattern is correct but the next few days and weeks should confirm whether or not this is the Final C Leg of the ABC corrective move of Wave 4? If so this will bring the Bullish Gartleys into play and possibly meet the two strong trend lines as identified on the chart. NB: It would also mean a retest of the 2013 'All...
Now that the market has settled down I see this pattern emerging post Inverted H&S. Target $2974 ~ All Time High. see :- thepatternsite.com
Possible "Ascending Triangle" which signifies a period of consolidation. Targets :- 65% ~ $2974 Inverted H&S ~ $3125 Ascending Triangle ~ $3216/28 thepatternsite.com
Large "Ascending Triangle" possibly forming which is a sign of consolidation! Targets :- 65% ~ £2275 Inverted H&S ~ £2361 Ascending Triangle ~ £2422 thepatternsite.com
With all the uncertainty I have decided to split portfolio 50/50 Bitcoin/Fiat given this channel/tight flag. Watch for break of upper downtrend line in broken yellow! thepatternsite.com
Target : $2842 thepatternsite.com
Although the neckline has not been broken on this exchange, it is worth looking out for such time probably $2800. If so:- Target 1 : $2842(Tight Flagpole) Target 2 : $3125 thepatternsite.com
Now looks like an "Inverted Head and Shoulders" after breaking the neckline? Target 1 : £2175 (Previous Flag) Target 2 : £2359 thepatternsite.com
B-Day(01/08/2017) looming fast and we seem to be forming a "Symmetrical Triangle" which as everybody knows can break in either direction and seems fitting! Targets are estimations! thepatternsite.com
Possible buying opportunity with this pattern applying the 'Falling Wedge' formula B + ((H-L) * 76%). thepatternsite.com This gives a target price(TP) = $2665. There is also a nice bull divergence on the RSI which possibly signifies a short term bottom? Overall sentiment is still bearish in my opinion!
Unlike the dollar pairing I can only see this pattern, anyway regardless it is still short term bullish with RSI divergence. Target 1 : £2028 Target 2 : £2062 thepatternsite.com
Looks to be confirmed with volumes rising we are set for a bear market in the near future? www.forexcrunch.com Target 1 reached $2650 calculated from symmetrical triangle formula!