Hey all, As per my last post I noted BTC will correct into the FVG zone, and has done exactly that opening the opportunity for fresh entries. It has been holding this FVG level since yesterday. If BTC keeps holding the $41k - $42k zone it will form an inverse head and shoulder pattern and a break out will push BTC to the next level. Reason for yesterdays dip?...
Another coin that give H&S breakout, can pick between $0.420 - $0.440 with a SL at $0.365
LIT give breakout in H&S, has high potential can plan trade with this coin.
Reverse hns @ BTC. Could we see a bullish market after this? #DYOR #TAYOR
BTC give RSI and falling wedge breakout and makes bullish jump, it seems to hit a resistance line at the neckline for a H&S pattern on the D1 chart. Last time BTC breakout RSI it went up, corrected and went up again as indicated by the red and blue boxes from August last year. I expect BTC to bounce off the support line, maybe consolidate a bit while liquidity...
MKR just retest the resistance area, before that, MKR make head n shoulder pattern. Then today, MKR retest the neckline of HNS.
Nifty H&S pattern formation, things may get ugly from here.
Revisit of 0.6 and maybe lower is in play as a result of H&S pattern. We're building a bear flag here. Resistance is futile
My TA analysis for next week. Daily Timeframes : BULLISH. Current Direction of market is BEARISH. (short term) Chart Pattern : QMP Setup (Sell) + QMP Setup (BUY) On this BIG Ranging. At Current setup is still bearish movement because price have break 2 H1 SUPPORT. For next week, watch what pattern form on lower timeframe (M15,M30,H1) at H1 Support....
We are testing the Moving Averages as Resistance at the levels of a Potential Right Shoulder and we can see much lower prices from here if we get follow-through.
My speculation was right, sadly RS was form on BTC, hence we have a technical break down target. Earlier my ideas for ascending triangle was invalid. We are oversold on the RSI. However there's strong support on the 48666.35 base on the vpvr. We need to hold this level, otherwise more downside will come for BTC. BTC 1H
Possible forming right shoulder? Bearish pattern if that turns out. Just speculating for bearish scenario. BTC 1H
the silver have already made a perfect head and shoulder and i will now take the buy
My personal time learning to do TA especially with bitcoin is to try and find multiple outcomes both bearish and bullish. I have seen too many in this space get too deep into a one-sided bias and watch their losses be quite substantial because of it. Mostly that has to do with expecting bitcoin, or any asset for that matter, has to hit a specific target and get...
Since we could see the formation of inverted HNS, 1.1535 is a potential zone to buy. For confirmation, make sure rejection candlestick formed at this area. Target TP at price 1.1610 and SL at price 1.1511
The Head and Shoulders pattern is one of the oldest recognised market structures. Representing a fully formed fractal when completed, the H&S confirms a short term reversal in trend. Setting the levels 50%,100% and 200% on the Fib tool, I have devised a simple system of confirmation/action to take advantage (profit) from the completion of the Pattern. 1st...
Seeing a rounded top beginning to form after a pretty clean ~40% run over the last year or so. This setup remind me a lot of crude oil short I posted a few weeks ago. I did just post a TSLA long idea which totally contradicts this idea, since TSLA is now tracked in the S&P index. Nevertheless, when I see a clean pattern I want to post it. IF this does play out,...
wave 1 sell wave 2 buy wave 3 sell wave 4 buy wave 5 target take profit(decision point) . good for long if price move above 1780 . thx