BTC Closed with WEEKLY Green Dot. Significant sign!!!! BULLISHNotice Past 3 green dots on cipher since JULY, ALL significant. TO the MOON! Also inverse h&S on daily
Targets to 48k,
Inverse Head and Shoulders
39k then 48k Bitcoin local prediction & targets 39k then 48k Bitcoin local prediction & targets 39k then 48k Bitcoin local prediction & targets 39k then 48k Bitcoin local prediction & targets
Inverse h&S in the making
Bitcoin is in a pickle hereBINANCE:BTCBUSD
BITSTAMP:BTCUSD
Bitcoin is trying to keep going up, powered by this bullish sentiment, but is in a very important resistance between $44K and $46K where the gigantic head and shoulders may scare some technical investors.
Despite this, the news are as bullish as they can be, like:
Bitfinex Hackers Arrested,
Russia To Legalize Crypto,
Binance Invests In Forbes,
Sequoia Invests In Polygon, And More
Bitcoin found itself breaking the downside trendline a few days ago and it found great support over the big liquidity area of $34K and $37K. Plus, it might be finishing a 4 hour inverse head and shoulder taking it to the $48K range.
So, still very bullish long term, but with sideline mindset for the rest of this first quarter.
Trade with the head and keep doing it, no matter what.
HOPE: Look what I found, inverse HSNot everything is crashing. Hope, a bank company, just confirmed and inverse HS in the monthly timeframe. This a very strong reversal pattern to the upside. The FED is going to raise interests rates which means that the financial sector benefits. We are in a good point of entry, it may pull back to test the broken resistance (or it may not) and that would be the chance to add more.
Inverted head n shouldersBuy the dip ; bears order had been blocked and hovering the support level horizontally.
Pushing down the wedge for price to go higher, inverted head n shoulders had been shown and should be able to buy and hold to hit 50-55K possible to hit 59 to plunge into over 60K while the breakout sees.
Descending Inverse Head and Shoulders on The Graph!Hey traders,
As you can see on the 1HR of The Graph (GRT). The price has formed an inverse head and shoulders with a descending neckline/ resistance. To find the inverse head and shoulders price breakout target, you measure the impulse move of the head and add it to the top of the neckline. This is cool and all but as a bonus, we additionally have a Bullish Divergence on the Momentum Oscillator (RSI)! This makes me really confident we will see a small recovery of +5% in the immediate short term. Set your TP for .437.
Safe trading,
-Pulkanator
$180 Price Target for Monero in the Immediate Short Term!Hello Traders,
As you can see a simple inverse head and shoulders pattern has formed on the 1hr of XMRUSD. To measure the breakout you take the head impulse and measure it above the neckline to find the breakout target. This move is approximately a 5% move, set your TP at $180.
Safe trading,
-Pulkanator
Bitcoin: $58,734BTCUSD
This pattern confirms as a valid one if the price closes above the neckline.
Let's see where it goes.
Ethereum ETH in a possible inverse head & shoulder patternEthereum ETH in a possible inverse head & shoulder pattern on 4h chart.
To be valid price should not fall much below $2.756.
Price target of this pattern would be around $4.936 - depending on throwback.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
BTC UpdateBTC has been rejected twice at clear resistance however possible formation of inverse head and shoulders.
AMD: Giving us a Technical Analysis class! MTFA analysis.Hello traders and investors! Let’s look at AMD today, as it has been doing many bullish candlestick/chart patterns all around. It is a real Technical Analysis class.
To start our Multi Time Frame Analysis (MTFA), let’s take a look at the 1h chart. First, it triggered an Inverted Head & Shoulders chart pattern, reversing the previous bearish sentiment, and trading above the 21 ema again. A good bullish reversal sign.
Now, we see that it is doing another chart pattern called Cup & Handle, another bullish chart pattern, and this reinforces the bullish thesis on AMD for the short-term. Now, let’s see the daily chart for more clues:
In the D chart, AMD is trying to trigger a bullish pivot, by doing a higher high/low for the first time since it started its downfall. Recently, the 38.2% Fibonacci’s Retracement worked as a very good support level, and it seems the price respected this point, and it officially did a higher low (higher than the previous bottom near $ 100).
Now, we are trying to break the $ 130 area, making it a true pivot point in the daily chart. There’re more clues in the weekly chart:
In the weekly chart, we see that the support at $ 99s is a very good one, and when AMD retested it again two weeks ago, it bounced back up, and it did another bullish pattern, called Above the Stomach, which is a quite common pattern, but it seems few know it by its true name.
The volume was great, probably among the top 10 highest volumes in the history of AMD.
It seems AMD is quite bullish for now, but we must watch out for bearish patterns, and keep our eyes on the next resistance, which is the $ 141.
If you liked this analysis, remember to follow me to keep in touch with my ideas. All the best to you.
BTC Possible inverse Head and ShouldersLeft shoulder and head are clear. If BTC test the neck line and then cups it’s way up it will be a right shoulder. That would complete the inverse H&S set up.
Inverse Head & ShoulderCan we all pump some money in to support this inverse head and shoulder at around 40K? TYVM
Inverse Head and Shoulder In 15 Minute NiftyVery decisive moment we can see in Nifty.
Get ready to make.
BANKNIFTY 15 MIN HEAD AND SHOLDER :)it seems that bank nifty closed today with head and shoulder pattern which is trend reversal pattern which works more than it fails, i spotted head and shoulder pattern with the confluence of trend line breakout and retest tomorrow if market opens gap up it has higher chances to stay bullish or else it might give some short of consolidation before continuing the direction.i hope this will help u understand the movement and market structure.once again this is not 100% confirmation of market movement,this just my study as per my experience so please take it as a reference and do your own analysis before taking trade.thank you guys :)
BTC Bearish Reversal from ATH DowntrendThis Idea shows the bullish reversal of the BTC downtrend from ATH, significant sentiment to the upside showing buy support above 42.2k which is previous consolidation levels of significant support. Expect buyer exhaustion near 45-46k with a pullback to the uptrend.
RNDRUSDT is creating an inverse head and shouldersThe price could create an inverse head and shoulders if the price is going to retest again the new daily support (after the breakout)
As you can see the price respects the daily dynamic resistance
How to approach?
IF the price is going to have a breakout from the dynamic and daily resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
LUNAUSDTINVERTED HEAD AND SHOULDERS PRICE ACTION
This chart pattern starts forming with bears already in control of the exchange rate's downtrend. As bulls enter the market, they are tested by the bears at three different occasions, the first and third ones are around the same rate, and the second one being the strongest push performed by the bears. After the third bulls' successful reversal, they finally break the neckline created by the bears, and the exchange rate starts an uptrend.
Let's break down the pattern formation!
In a downtrend, price action finds the first resistance (1) that forms left shoulder's low.
Price action reverses direction from the first resistance (1) and goes upwards till it finds the first support (2), completing the left shoulder formation.
Price action reverses direction from the first support (2) and goes downwards till it finds the second resistance (3) that forms the pattern's head, which must be lower than the first resistance (1)
Price action reverses direction from the second resistance (3) and goes upwards till it finds the second support (4) that completes the head formation, which will be around the same rate of the first support (2)
Price action reverses direction from the second support (4) and goes downwards till it finds the third resistance (5) that forms the right shoulder's low, which will be around the same rate of the first resistance (1).
The pattern is completed when price action reverses direction from the third resistance (5) and goes upwards till it breaks the neckline at point (6)
Entry: after breaking the neckline at point (6), either with an entry after the breakout, or after a possible retest of the neckline.
Take profit: identified by measuring the vertical distance from the head (3) to the reversal point from neckline that initiated the right shoulder (4), that measurement is then applied from the breakout rate (6)
Stop loss: can either be the neckline breakout rate (6), or the right shoulder's low (5)
MSFT - In the Middle Backtesting a hold of the daily MBB, MSFT has set a potential 4h Higher Low. The vehicle for a Bull Break is this Inverse Head and Shoulders: with the 10 Year challenging 2%, Meta falling 25%, Google stock split, a Rivian save for AMZN, MSFT becoming cool, and TSLA living a dream unto itself, the question is: will the Funds see Big Tech as a safe haven to BTD, while continuing to sell ARKK?
4hr inv h&s pattern on xrpusd chart reaches measured move targetYou can see it hit the target with exact precision before forming a wick. Amazing precision. TA works! Target hit.
10 Year Note - Testing Weekly Upper Bound of Broadening WedgeAll eyes turn back to inflation and rates as the economy is creating jobs. Scouting the reopening trade for Q2.
