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IHS

$BTC PREDICTION FOR APRIL$BTC has completed a bullish ABCD reversal pattern. Bulls have successfully defended $6.85K 4 days straight in the green box, prior to breaking out of it. Price was held by a HVN, and I think it'll get held again at the POC this time. I'm expecting some consolidation there while the market decides on where to go. 3 HR chart I published earlier is showing a strong possibility of an iH&S, backing up my target for $8.3K. Plus, the MACD looks to be crossing over the signal, adding to the bullish narrative. A possible iH&S on the daily time frame could present itself. If $8.3K hits, a correction to $8K could form the RS near the 0.236 fib. The iH&S could be what catapults us out of that resistance and bear market. IDGAF what the target is after that, as long as we are out of this bear market. Follow me on twitter @asikimart for more charts.
COINBASE:BTCUSDLong
by oniedarida
Quick notes about Inverted Head and ShouldersHello dear friends, this is more of a study than a chart. Here is what i did: * I sampled 16 IHS that showed over the past year and were visible on the 4hr chart. * I took in consideration sloppy patterns but ignored the ones that didn't complete or patterns that were too small or too big to discern on the 4hr. * targets are calculated roughly based on the closest fib as result, some targets have fallen slightly above or below that number. * By target i mean the peak price that was reached after pattern completion and within the timeframe equal to the time length of the pattern itself, and before reached a lower point than the low tip of the right shoulder * The outcome post pattern defines what happens after that pattern has reached its target within the calculated timeframe. Lower means the price dropped below the right shoulder lowest point, higher means the price continued climbing higher before any drop * The way i calculate IHS targets might be a bit unusual, but it works well for me. I calculate the length of the head from its lowest point to the meeting point with the right shoulder. Target calculations are a fib percent of that height. * Mind you, this is a quick study, nothing bulletproof or scientifically sound. And here are my key findings: 1. Out of 16, 3 failed, 7 reached 100% or above 2. the average success score is a retrace of 67% of the head size within the time length equal to the time length it took the pattern to form 3. 50% of the time, the price dropped lower than the pattern right shoulder or more after reach the pattern target Details: / a. 50% / lower b. 61.8% / higher c. 100% / higher d. 23.6% / lower e. 100% / higher f. 100% / higher g. 0% / lower e. 0% / lower f. 23.6% / higher g. 100% / lower h. 78.6% / higher i. 161% / lower j. 23.6% / higher k. 161% / lower l. 0%/ lower m. 100% / higher Again please take these findings with a grain of salt, this is by no mean super accurate and can be prone to error. But as a broad overview, hope you'll find this insightful.
BITSTAMP:BTCUSDEducation
by gmgame
24
Gold scenarios for next few daysGold 0.06% been trending upwards nicely in a channel, off an inverted H&S bottom and break of the downward channel, pushing through some key levels. Lots of data tomorrow too in EU and US. Could push this around and give us continuation or a breakdown. The channel is clear and some other decent levels to watch for opportunities, keep an open mind on direction from here. There's no crystal ball but resolution of battle for 1250-1260 zone should be significant. Can see $20 move in either direction once resolved, at least. Probably more if managed well. Position lightly and from the edges, be patient, manage risk tightly, and let the winners run - that should get you on the right side of a decent move in the coming days, in my opinion.
FX:XAUUSD
by BobVanders
A possible 5 dollar trade in APC - with break of necklineIHS is setting up This chart is made for the FREE BLOG at our website. APC is setting up an IHS -though not symmetrical. A timeline for possible breakout has been drawn in to show where a symmetrical breakout could be expected. It's not to say by this chart if we will see a deeper pullback as it happened on the left shoulder. Indicator not showing divergens so no clear indication of direction. As always...only becoming a valid pattern with a decisive break of neckline. Resistance right now at neckline. Target: 67.60ish Oil sector Stay sharp, charts at: WALLSTScalper.com Our specialty is trading the futures live - giving signals to help you in your trading!
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by CoinedByCrypto