Currently I'm quite bearish on the overall crypto market for the next couple months. This is a bearish analysis on where the altcoin total market cap could go. The altcoin market cap was in a Head & Shoulders pattern not too long ago, and we recently broke out of the neckline pushing price to the downside. Price then wicked down to $588B, bounced off that level...
Looking for Gj to retest the next line of the head and shoulder oattern that is forming on GJ then once the low is broken we can start looking for those sells in order to trade it down to the next level of support.
In the higher time frames (Weekly & Daily) we can see bearish candles with lower upper shadows. Moreover, price is below Monthly, Weekly and Daily lows. In H4 we have a downtrend and in H1, as you can see, the ascending trend line has been broken out to the downside and also a reversal H&S pattern has been created and the neckline is broken out. I expect a fall...
According second Head and Shoulders, i believed it will down more.
After Breakout of counter trend GBPJPY Technical looking short set-up also price makes H/S pattern. Best of Luck
Bank Nifty making Bearish Head & Shoulder Pattern if this pattern confirm we can short it
The most money in investing is made in the waiting, not in the buying or selling.
Potential Head & Shoulders forming on the 1 Hour Time Frame, If we break the neckline we could see Ethereum being shorted a bit down to the recent $1800 range again.
Hello everyone! Looks like we got screwed once again hoping that Bitcoin will go higher above the dynamic resistance. It was mainly caused by the news about Japan's FSA banning two most popular exchanges, Japan has large purchasing power and trading volume, so in panic shorts were opened. Downtrend might continue after this retest of the resistance, following...
We just had a H&S on BTC (Marked in Blue). Are we about to see some inception type thing going on here? If we get rejected from the 200MA on the 1H chart, the larger H&S (Marked in Black) could push us down to support.
Let me know what you think that might happen right now? I did made mistakes and change my mind at 2 hours after the chart showing weakness. Right now, if this Fib level bottoming at 1.272 then we need see Bitcoin start to give us a sign that the price is Bottoming. Which means could be forming a Bullish Reversal Pattern or maybe a higher high higher low...
Head and shoulders Supply zone Short 36.5 Stop 39 Target 22 Risk management is much more important than a good entry point. The max Risk of each plan should be less than 1% of an account. I am not a PRO trader. I trade option to test my trading plan with small cost. I created some tradingview scripts to improve my trading entries: OBV and OBV SMA...
Hello traders! This market is rallying to a minor resistance area where we could see a reaction. NFP will be released tomorrow and looking for opportunities is risky right now. However, we can’t help but to wonder if this could be a great short opportunity for 20-80 pips in this market. This is an idea, not a signal. Analyze for trading opportunities and confirmation.
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