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HEAD AND SHOULDERSTHE FRACTURE MODEL “HEAD AND SHOULDERS” The most well-known and, thus, the most convenient fracture model is H&S. Let’s review it in details, as other models appear its variations. This key fracture model, as well as others, is a direct logical continuation and development of those statements connected with the tendency, which were discussed. Imagine a situation when at the main ascending trend, successively increasing peaks and recessions gradually begin, which is called "slow down". As a result, the period of stagnation begins in the dynamics of the upward trend. At this time, the demand and supply on the market are practically balanced. When this distribution phase is completed, the support level that runs along the lower boundary of the horizontal "trade corridor" is broken. This is when a downward tendency emerges. It is formed accordingly by successive downward peaks and downturns. An example of the “head and shoulders” model for the peak of the market. The left and the right shoulders (A and E) are located on the same height approximately. The head (C) is higher than both shoulders. Pay attention that every next peak is accompanied by a decline in trade. The model is considered as completed when the closing price is fixed below the "neck" line (line 2). The minimum price point is equal to the vertical distance from the head to the neckline, which is laid down from the point of breakthrough of the neckline. With the subsequent rise, it is possible to return to the level of the neckline, but prices cannot cross it. The price benchmark for the realization of this pattern can be determined by measuring the length from the highest point to the neckline and laying this distance after the breakout. But it should be noted that it will be a minimal price benchmark, as the reversal figure indicates a change in the trend, the beginning of the market pendulum move in the opposite direction, respectively, the goals can be equal to the entire length of the trend which was refracted.
BITFINEX:BTCUSDEducation
by EXCAVO
1
BITCOINBTCUSD I note the resistance level of 6400, the price is currently between the support lines and downstream channels from October 15 and October 29. Last support line ~ 6100 by Bitfinex & Binance, ~ 6000 by Bitstamp. Also, don't forget about the big triangle. Movement in the flat(sideway) continues on the daily chart. Stoch RSI has crossed moving averages by 1W chart. It's strong signal to buy, but we have time for change or approve this crossing by the end of weekly candle. Also we have dangerous cross between MA 200 with MA 500. In 2014 Now 2018 Thank you for your attention. Share this analysis, LIKE and SUBSCRIBE ! I will give you a lot of useful information ! Have a nice trade.
BITFINEX:BTCUSD
by PeacefulWarrior
5
TIME NEW BANKTNB now in bottom and we in accumulation zone. We moving in up trend channel. Just touched support line and go to the resistance line first Good time to buy in deep for swing trading - position trading NEWS On October 24, 2018 (SGT), MiaoA, the world’s first time trading platform launched a new project, “individual digital time” of Bowen Pan (a well-known advisor and planner of the global blockchain training), which was officially launched and started trading. medium.com The “MiaoA Koi” event will run from October 23, 2018 to October 30, 2018. medium.com
TLong
by EXCAVO
2