#BTCDAILY - 6.DEC.21 MACRO LOOK AT BTC What a few days!!! We have been dumping now for about 24 days - so if you've made it this far without selling or DCA'ing well then keep it up! Although we will probably have a little further to go. After taking some further time to look at current movement versus previous patterns $40k-$42k is looking more and more like the...
Hello Traders, USDJPY ready to retrace back for creating an opportunity to seek new highs before Bank of Japan's interest rate decision. 4H chart formed a H&S pattern and the target is 112-112.30 area. I am going to watch the triangle trendline to be broken down and open my position regarding to that. Trade safe and stay safe! Likes and comments are...
Too many people see the cup and handle, if you're waiting to enter for a dip, I think you will be frontrun . Don't try waiting to buy in the 5,400's too many people will open leveraged longs. Really? Do you think you're the only one with that idea? Everyone wants to long there for the f***cking mega-giga-pump cup and handle that is clear as day to all of these...
I think we are about to bounce down to 2850 ish and that is the end of our elliot wave cycle and should push the 1d RSI our of consolidations. We go be bullz now :)
To me, it look like LTC has a clear H&S with a down trend to follow. It's been a great run up, but LTC needs to retract and rest. I had hoped for near $300 or more. But not this time - unless BTH & ETH drag it up again. I am going to close my trades when there is mininmal damage - but I am over 500% up with leverage, so loosing a bit now is annoying, but part of...
Evening everyone! Back on Tradingview this evening ... With something like a lot of people might not like to see! In our defence, it might very well be a good thing for this market in the longer term, with a more profound pull back on the cards! Let us know what you think!
Potential 10%+ Gains to the upside today, based on the Inverted Head & Shoulders pattern , which is inside of a 2 day Ascending Triangle pattern Looks like an imminent breakout in the next couple of hours . I think hodling on to at least 25% for a possible continuation up from 2,750 wouldn't hurt, but don't Bag Hold if your using Leverage !...
Inverted Head and Shoulders, take advantage of it! =)
Looks to me like we got a good neck line break on that inverted head and shoulders coming up around 2,550 and a good target up at 2,750ish for ETH. Let's get it! :D
It looks like Bitcoin is heading for a new low around $20k if this head and shoulders pattern is completed.
It looks like Oil has now bottomed. I am expecting a strong move higher starting within the next couple of days. I have my first target above but it expected that we will easily run that target. Long bias on CL, let's go!
#GME INVERSE HEAD & SHOULDERS FORMING ALMOST COMPLETE
I've been expecting this fall since 2 months ago and my target is just above 50, there are still very strong support at 59.24, following the bearish Bat harmonica I expect the price goes back up to 64.04 then fall forming an H&S heading around my mentioned target which I calculated following pre-covid data FX:USOIL
as you see we crashed threw one pattern of head and shoulders, could we now be forming a larger one, ? keep watch , this is just a simple idea
GBPUSD formed inverse head and shoulder on the hourly chart, but it was only a fake breakout the 78.6% fibonacci retracement. In my opinion the next support is between 1.34-1.345. I recommend to open short position on market price, with stop loss around 1.38, and Take profit around 1.34(Risk:1%). Trade at your own risk. Please don't forget to like, follow, and...
A potential head and shoulders is forming on the 4Hourly time frame. If neckline is broken , the target is 15K Also, a brearish divergence on all larger time frames