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IHS

LTC getting ready to take off! Ride the BullAnalysis: Correction ended, and accumulation nearing final phase. Inverse "FatBart" Head & Shoulders seen. Entry Point: General Entry is this range is fine, just look for a local dip/low. Looking to go long in the range of 9200 to 9275. See detailed screenshot below, using Bottomfinder to find best local entry. Take Profit: The green lines represent target take profit levels. We suggest cashing out 10% at T1, 35% T2, 50% T3, 5% T4 (or let it ride if it still looks bullish ). Stop Loss: Stop Loss suggested at 8800, which is below the liquidity pool and 3 established local support levels. Upon completion of T1 move stop loss to entry point to secure a risk free trade. Additionally continue moving stop loss up by one target each time a new target it reached. i.e. when T2 is reached, move stoploss to T1 level. This way you can ride out dips with no anxiety and automatically exit the trade in profit should you not be around to monitor!
Long
by theheirophant
1
BTCUSD Bitcoin Another Potential IHS in formationBTCUSD Bitcoin Another Potential Inverse Head and Shoulders in Formation Bitcoin has held up well overnight and is now making a lazy attempt to grind higher and potentially to complete an inverse H&S with a minimum upside target at 7400 - but the biggest test will come at the neck-line at 6615 on this feed. It has to break above here on rising volume to trigger. Would rather buy dips again at this point and see how it reacts at the neck line if touched later. If it can make it to the neck-line and volume stays low it will more than likely reverse lower again from there...at least at first. The last big IHS to left of chart was a massive fail to begin with on the first test of the neckine - it went on to make a deep right shoulder but still completed to the upside in the end if you remember. The last little H&S yesterday was very true too (within 1 point anyway). But the IHS before the one shown at left of the chart was a failure. They are roughly 60%/40% successful in my experience (at least the ones mentioned here anyway) Time will tell, as always. Sorry for not updating much on Tv over the summer. However there are regular updates available for day-traders via links at top-left of main page.
Long
by sumastardon
3
QKCBTC IHS and readiness to move higherAnalysis of the market revealed a very interesting coin. According to TA the inverted H&S pattern is formed it is a very strong bullish pattern which can push the price up. The range of 900-1011 looks like a good entry to get a profit because the price should reach the resistance mentioned at the chart. The rest targets are in the Premium channel. If the market starts to decline, then it should bounce from the support of 0.00000800 where we will buy more in case of consolidation. However if the consolidation does not happen then it should be the point of stop loss. Indicators are bullish now in the medium term timeframe the same is the risk level.
Long
by Skyrexio
BTC, Ready yourself for a MIND BLOWING ideaHi my friends, Again thanks you all for your kindness and togetherness with me. I publish this idea apart of BTC Realtime by 3 main reason: 1.BTC Realtime is a weakly topic with focus on BTC little movements during day and this is a independent idea about one pattern in chart. 2.This idea need to be seeing in itself topic,as you know BTC Realtime it's a long topic with many many updates and publishing this on that topic cause to this idea not seeing,at the end. 3.This idea can be wrong and fail at the end and i'm very strict about validity of signals that publishing in BTC Realtime and don't want mislead those has trust in me with an unwell idea. So let's see what is in my head. As you remember i published BTC Realtime #6 with 3 iH&S in BTC chart,all of us enjoyed profit we earn during last weeks with 2 perfect iH&S that worked perfectly,but i look at BTC chart more precise and find out that maybe my iH&S #2 didn't work and we are in forming head phase,still. During my precise look at chart i found this signs that shows me i can be right.Look at chart bellow: As you see exactly after connecting #1 point to #2 our line(neckline) reach the high that BTC printed in 24th of month around 8500.That was beautiful and like we are in right shoulder forming,but how?look at chart bellow: We started to talk about this bearish wedge from 2 days ago in BTC Realtime #8 and all of us are curios about how this wedge will work.I can imagine several scenarios with mixing iH&S and This wedge. 1.Do you remember BTC old triangle that started before last dec?I draw it for you in chart bellow. This line during whole bear market played support role for BTC and finally broke in June and turned to a Resistance for BTC,but we broke it again easily few days ago.Now it's time for this line to play another important role for BTC,what role?look at chart bellow? As you see in chart we can use bearish wedge to drop to this old support/resistance line and test it again as a support,and after reaching there and test it,start to climb and complete right shoulder. As you see chart in 4H time frame you can see in this area many factors can play support role with old line like EMA(20,50,100,200,1200) and ichimoku. This scenario is too beautiful and ideal to become true,but have chance,lot chance to win. 2.We can exit this wedge in calm,with a sideway along the bullish wedge line(that almost broke 2 days ago but couldn't confirm it,yet) like chat bellow. This scenario shows BTC's new trend Strength and Power of bulls,But i think this idea have not many chance to win. 3.After we reach this bearish wedge line again,Price bounce to neckline and some how fail to break it and confirm IH&S.At this case BTC can drop from this wedge to the old bullish wedge(almost broken) and test it as a support and bounce from there to make right shoulder again.This kind of iH&S named Complex H&S that is a very rare kind of it.In this kind we have a 2 shoulders.like chart below 4.There is one another possibility with this iH&S that it work finally with no interest in this bearish wedge and show that this wedge is not validate one. I open all possibilities with that iH&S but i didn't open the case that maybe this pattern fail and what happen if there isn't any iH&S in chart,at all.So i show you here. As i mentioned in this idea many time,this bullish wedge(blue wedge) don't break yet and we just played with it and almost broke it.The bearish wedge can easily revers BTC path and bring it into the bullish wedge again.In this case we continue downward to $5100 and really have much possibility for that,even in indicators that i don't want to talk about in this idea.
BITFINEX:BTCUSD
by Peymana71
32
BTC Ih&sPossible 3 month head and shoulders forming on BTC. Price currently in right shoulder, reaching the same highs as the left shoulder (~$7.8k). Expect price to bounce off this level for a few days, before a short pull back to 7.0-7.2k. This pullback would make sense given that daily RSI is currently touching oversold. If this pullback occurs, I'd expect a quick bounce off it given that bears have struggled to break the 7.2k support levels in the past week. Price should easily break the current 7.7-7.8k levels then, also breaking the neckline of the ih&s. From this point, bulls will have to break through resistance at 8.4k, 9k and 9.4k. I fully expect that these levels will be broken and price to reach the early May highs of 9.8-10k. Fingers crossed from there that we can have the pyschological euphoria of crossing 10k again for the first time since March
BITSTAMP:BTCUSDLong
by jl1998
BTC UPDATE: Massive IHS incoming?Good evening! A while ago I posted a chart stating I thought the Inverse Head and shoulder pattern is likely to fail. Well, I think I MAY have been wrong! That massive green candle is getting us closer to validation and the target. There has been some talk about an even larger one in play so I took a look. From what I see, it is definitely valid so far. If we continue this bullish strength and high volume on the pushes, it MAY play out. You could consider it a complex head and shoulders (almost has two heads.) Please see the notes created for key indicators that the pattern is valid. Remember, IHS or HS, the pattern is NOT confirmed or valid until the right shoulder completes with good volume and closes a candle above the neckline. If this is the case, it could send us all the way above 9k, right at the Fib noted. If that were the case, I imagine FOMO might kick in hard and we will test 10k again.
KRAKEN:BTCUSD
by infbp22
BTC UpdateHi everyone. As expected, we had some price action near the apex of the wedge and price headed down. We have found pretty decent support here and I think we are due for a leg up. Again, I do not think this IHS will play out even though it honestly looks pretty good. It doesnt matter how it looks if volume isnt there to support it through! I opened a long that you can see on the chart. I'm hoping for the inverse Marge Simpson hairdoo then rejection at the previous channel/marked resistance boxes. Tight stop loss under the current sideways movement.
KRAKEN:BTCUSDLong
by infbp22
BTC updateGood evening everyone. Update on BTC. I still feel the IHS pattern will fail. See how the volume has gone down drastically. This may be normal consolidation, but a massive amount of volume WITH FOLLOW THROUGH (not just one candle) will be needed for the formidable resistance above, and to complete and validate the right shoulder. So far, the bulls have not shown up. I see very little buying interest even up to 7k. The vertical, dashed black line is a popular time for big candles to appear (bart and marg simpson.) It is also right outside the cloud and right at the apex of the wedge. I'll be looking for some action around there. We could go either way. My best guess is a bear trap anywhere from 6400-6600 ( wide range, I know) followed by a fairly decent drop in price. Who knows!??!?!
KRAKEN:BTCUSD
by infbp22
Bitcoin IHS or are we headed definitively lower? (1D & 6H)Good morning, traders. Bitcoin has finally been making some movement that we can look at, and it's nothing that we haven't been talking about as a possibility for a while now. Specifically, overnight we saw Bitcoin retrace 50% from its recent run up. Now things are becoming more interesting. The potential IHS in development that I have been referring to recently is becoming more likely. The 1D chart shows the bigger picture. We can see the potential IHS playing out. However, as I have continued to mention anytime we discuss a potential IHS, we absolutely must see an expansion of volume as price completes the right shoulder and breaches the neckline. This is a requirement for this pattern. We have expansion into the shoulder's potential apex so far. Is this current price point the bottom of this movement? It appears that it may be when looking at lower time frames. We see that price made its low right into the top of the blue box before bouncing back up. I continue to watch for the blue box to hold as support. Furthermore, I am watching the daily candle. The daily pivot remains important, so we want to see price moving back up toward it. As we have discussed previously, a successful IHS should see price targeting the $7900 area. The 6H chart shows us that the candles wicked into the blue box but the body on the previous candle closed above it and the current candle is sitting above it as well. While there are still 4 hours left in this candle, it is possible we may see tweezer bottoms being supported by the Kijun line near the bottom of the cloud thereby suggesting a reversal back up. Looking at it another way, the S1 is supporting price at this time. As always, a reversal off of support is significant. RSI appears to be adhering to its ascending support line, but that doesn't guarantee that it will not breach it. Remember, there is the potential for an IHS, but price and volume must follow through in order to see it materialize. Price falling below $6100 increases the odds significantly that we will retest the recent lows and likely head lower toward $5250. Be sure to check out the 1H and 3D charts linked below.
BITFINEX:BTCUSD
by Chris_Inks
2
Home Depot Inverse Head and ShouldersTechnicals are looking good on this one.. NYSE:HD has room to run if the stock can bounce back to the $191.55 resistance. Stoch is nearing oversold territory and RSI is nearing a short-term trendline that should act as support. Volume dropping as the stock falls hints the bulls will soon come in, however, one must remember that high volume is not needed for a downtrend to continue. I included a modified Modified Schiff Pitchfork and Fib retracement as HD has historically followed both quite closely. Wait for a move to $191 or above before considering entry, I'd put a stop loss between $181 and $182.
NYSE:HDLong
by myfye13