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Bitcoin TA analyst trainingHi traders and crpyto friends it's BohemianCrypto, this is my humble analyst for next BTC moves based on Fib Retracement levels, important supports and possible H&S pattern.. After this weekend we will have a gap in CME BTC Futures market from 9.165 to the end of today candle, expecting around 8.300... This gap will be most likely filled... At the same time we reached important location between 8000 0.382 FIB level and support around 8300.. We can easily bounce from here to fill the gap after weekend... the expected gap has around 12% if will be filled... After tha gap we can try to get through resist line (red) or drop lower to the level of half H&S pattern which sits around 7200... but this scenario contain break through the support line (blue)... If this happens I really don't know what we can expect then.. halving is coming and I was expecting more Bullish market... This is just my TA analysis trying to catch some feedback, because I'm still a rookie :D Cheers
BITSTAMP:BTCUSD
by BohemianCrypto
4
Bitcoin current Head & Shoulder Pattern playing out 1 day chartBased on the current pattern , the 10th March is a key date for Bitcoin. After a reasonable length of time the current head and shoulder pattern is almost near completion. For me the 10th March is showing as a key date , for this date the candle direction is of interest. Will it continue its downward direction and fizzle out under €6000 (indicated by 7 downside) or will it bounce from the support line indicated at point 6 and head back up to position 7 upside. I am on the fence here and looking at a window from €7600 down to €7550 for confirmation of a continuation to the downside before the BTC halving in May time frame. . Would love to hear your views
Short
by EndaKeane
3
Bitcoin - Head & Hhoulder Pattern in the process of palying outBitcoin is in a small H&S formation. The RHS has completed with the LHS in the process of playing out , in my oponion. If this is the case , the next support , resistence and support should mirror the RHS of the H&S ( give or take a couple of hundred) With the end of the quarter happening 28th of Feb, we have seen traders taking their quarterly profits. Buy in at the start of the quarter/year(2020) has yield a handsome return of 2x from approx €3.5K to €7.8K ( doubling on investment) With Q2 commencing on the 2nd March , the said traders have the opportunity to BUY back in knowing we have already reached €9700 in Q1. If the H&S plays out , we could be looking at the completion of the shoulder in the first 2 weeks into March 2020. In my oponion, the price action remaining for the H&S completion is as shown here in this illustration, with key prices numbered 1,2,3 &4 . Lets hope it pays out this way and that the market does not capitulate at the €7400 mark This is my oponion and not financial advice. It is my contribution to what I see happening on the chart for bitcoin as it is playing out.
by EndaKeane
1
EURNOK BULLISH TREND-HIGH PROBABIITY TO MAKE MONEYReversal pattern for EURNOK completed and ready to go. EURNOK analyze built reversal pattern what is a reversal pattern, Trend reversal patterns are essential indicators of the trend end and the start of a new movement. They are formed after the price level has reached its maximum value in the current trend. The main feature of trend reversal patterns is that they provide information both on the possible change in the trend and the probable value of price movement. What pattern do we have? A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. source: Head And Shoulders Pattern Definition - Investopedia What is the target? The target will be probably around 10.60. Thank you to read and good luck .
Long
by Quotendance
We might see a head and shoulder! BCHUSDI see a clear Head and Shoulder here which is totally possible since we have the shown support line in shape with the pattern. we can only be certain when a REAL breakout happens of 360$. (RED LINES ARE SUPPORT LINES ) Like and Comment to support me . Persian: slm dostan omidvaram haleton khob bashe . ehtemal patterf head and shoulder inja vojod dare va momkene ba ye breakout az noghte 360$ shahed voghoe in pattern bashim .(khat haye ghermez support haye mokhtalefand.) :)
BITSTAMP:BCHUSD
by THEGRANDMASTEROFBTC
4
Head & Shoulder Pattern Using Mondays Candles Set UPThis is based on mondays candles which are boxed in the coloured boxes the break out of the zone indicates the head as shown. Then we had a 100% retrace back to the bottom of that Monday zone creating the neck line. Then the market moved back towards the opposite creating the right shoulder its right about on the support of the left shoulder i expect this to now be in a buy position and possibly move for a 30 to 50 pip movement
Long
by Forex_Fire