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BTCUSD H & S - Short to $45,000 then long to $58,000Here is an inverse head and shoulder pattern indicating a short sell to $45,000 and a long buy to $58,000. Also, we can see more than one signal confirming this. First, we can see a double top (M pattern) in play with price reacting to it's pattern. Secondly, we can see a downward trendline breakout at $48,700 and a pullback in play, which proves a sell order. Lastly, it's the inverse head and shoulder pattern confirming this. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓 NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills or have access to VIP, DM me.
BITSTAMP:BTCUSDShort
by PetrockFxTrading
CHF/JPY SELLCHF/JPY has been in a ranging market structure since last December , failing to breakout if this market structure. I expect the pair to fail in breaking above the key resistance area and sell until it reaches the important yellow support area . Therefore continuing with the ranging market structure . Adding on to the confluence , I see a potential double top forming near the key resistance area which indicates the reversal (sell) in the price . This is shown by the Orange path drawn
Short
by wookyu2001
1
BTCUSD - Forms new target at $46,300A trendline breakout occurred at $55,500 followed by a pull back to $55,050 which signals a sell order to complete the double top pattern (the M pattern). Also, as we can see on the chart, there is a double top pattern in play. If price continues to fall, then we have a M chart pattern. What do you think? Share your opinion in the comment section.😇 Please support this idea with LIKE👍 if you find it useful.🥳 Follow me to receive more contents like this.🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓
BITSTAMP:BTCUSDShort
by PetrockFxTrading
BTC - TRADING IN THE ZONE - AT THE GLANCE - D1-H4-H1D1 : Yo-yo price action seen over the last couple of days Indeed, last 3 days are showing : 1) doji 2) bearish engulfing (invalidated !) 3) bullish engulfing (to be confirmed on closing basis today !) Global picture is under the influence of a "Double top formation" in progress (trigger level @ 43746 target 38492 ! Nevertheless, in order to confirm this expected bearish scenario several important supports should be broken; the first one being @ 48418 (middle level of the yesterday's long white bullish candle). Indeed, a closing level, today, below that level would trigger a "dark cloud cover" pattern (first signal of a potential tactical reversal !) Strategic uptrend is still in place, supported by the uptrend line (in green) KEY PIVOT LEVEL @ 42643 , which is the cluster of several leading strategic indicators levels !!! H4 : Clear picture of the double top formation in progress In addition all 4 technical indicators are showing bearish divergences Watch support uptrend line (in green) ahead of Mid Bollinger band (46505) as very important supports indicators. Bullish above and bearish below... H1 : Zoomed picture of the Double top formation in progress with target simulation. Watch in the past the price action and especially when MBB has been broken... it triggered an acceleration Moreover the important support zone in this time frame is currently around the clouds support zone; therefore a failure to hold above the hourly clouds would also be the first signal, confirming the expected bearish scenario expressed on D1 and H4 As usual, screen very carefully shorter time frames (M15 and M5) to get intermediates signals which are going to either validate or invalidate the ongoiging bearish price action. All the best and may your long goes up and your short goes down.
BITSTAMP:BTCUSDShort
by Ironman8848
5
AAVEUSDT created a double top 🦐AAVEUSDT created a double top, if the price will have a breakout downward and broke the ascending channel, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
5
DASHUSDT created a double top 🦐DASHUSDT created a double top on the daily timeframe and now the price wants to test the daily dynamic trendline. The price lost even the weekly support, and we could see a retest of it. IF the price retest weekly as new resistance or the price will lose the dynamic support, According to Plancton's strategy (check our Academy), we can set a nice order Weekly ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
2
ADAUSDT created Double topADAUSDT created Double top, only if the price will have a breakout from weekly resistance we can set a nice long, According to Plancton's strategy (check our Academy) Weekly ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
10
ETHUSD to see a downtrend(4Hr) | Double Top Pattern observedMarket in last 24hrs ETHUSD saw a downtrend with the upper Bollinger band resistance Price volatility was very high. The market moved ~6.03% between $624.57 and $589.04 Today’s Trend analysis ETHUSD expected to see a slight downtrend with the price observing upper band resistance and double top pattern observed Price at the time of publishing: $594.43 ETH’s market cap: $67.52 Billion Oscillator indicators are mostly neutral. RSI at 50 Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral Volume indicators observed an increase with an increase in price while a decrease in volume with a decline in price Price expected to see a slight downtrend with the price observing upper band resistance and double top pattern observed. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, with the histogram size increasing in the negative region suggesting bearish bias. RSI at 50, in the neutral region, close to the midline. CCI with a value of around -55 in the neutral region with a pullback from overbought. Another interesting point to notice here is that the volume observed an increase with an increase in price while a decrease in volume with a decline in price indicating weak selling pressure. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas! - Mudrex
COINBASE:ETHUSDShort
by Mudrex
4