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Inverse Head and Shoulders

Bitcoin - NOT LOOKING GOOD!Keep it plain, simple and minimize the noise! Here we see on the inverted Bitcoin chart, a very large inverse head & shoulders pattern formed that started in August 2021. If this inverse head & shoulders plays out, expect huge dumps - have marked rough levels of support. BEST case scenario for the bulls is if we completely reject the neckline and shoot for the stars... At the moment - the market is sideways, choppy and RISKY. I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade. Bearish 2022? What do you think? Comment your ideas below : )
INDEX:BTCUSDShort
by tradermoth
4
NEARUSDT is creating an inverse head and shouldersThe price bounced on the monthly support on 8$ after a false breakout from the weekly dynamic support. On the daily timeframe, the price had a breakout from the dynamic resistance and from the weekly resistance, and now the price is testing the 0.618 Fibonacci level as resistance On 5h timeframe, the price is creating an inverse head and shoulders above the weekly resistance How to approach? If the price is going to have a breakout from its neckline and retest as new support, we can apply our rules for a new long position. Be aware of the weekly structure on 13$ According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
LINK/USDT - bullish reversal pattern close to breakoutLINK/USDT is currently right at the tip of a falling wedge after having quickly pinged the macro 0.786 fib level which makes me very optimistic about this being the bottom and seeing a successful reversal. In addition to that we can also see significant bullish divergence on the daily which ranges back to December and further increases the odds of a textbook breakout which LINK tends to have especially with falling wedges (examples can be seen in my earlier charts linked below in the related ideas section). On shorter time frames LINK is currently forming an inverse H&S which combined with the falling wedge makes for a great reversal pattern which produces consistent results and is close to completion. LINK/USDT 1hr: Since LINK is a long-term hold for me I usually don't use stop losses and mainly look for prices to accumulate more but for a swing trade I'd consider one slightly below the last 0.786 ping since losing that level would render it a descending triangle breakout and likely lead to a longer bear trend. Please note that the price projection is just that and should only guide as a visual aid for the direction I expect it to go. With staking said to release this year this looks like a great opportunity to stock up on some LINK at a discount before the action starts. Best of luck with your trades and let me know what you think!
Long
by Wolfy_
BTC, iHSP Target 45kMy strategy always boils down to 2 entries for 1 stop loss which is in my opinion the most important. Long: 1- Entry 0,618 Fib Retracement 2 - cloud support STOP LOSS: 0.8% BELOW 0.786 FIB Retracement Target: 1 - 0,5 Fib Retracement 2- 0,236 Fib Extension (from 0.5 fib Retracement, increase stop to 0.618 fib Retracement and go up with each achievement of resistance) Short: 1- Entry 0,382 Fib Retracement 2- 0,236 Fib Retracement STOP LOSS 0.8% ABOVE 0,236 Fib Extension
Long
by SilvinhaRosa
3
KCSUSDT is going to create an inverse head and shouldersThe price had a breakout from the daily dynamic resistance and now the market is trying to have a breakout from the weekly resistance. On the daily timeframe, we can see an inverse head and shoulders and the price creates its neckline on the weekly How to approach? We are monitoring the price action, we made more than 11% since the previous idea. Now I'd like to see a breakout from the neck line with volume, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2