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Neckline

[BTC/USD] BITCOIN-ALL INDICATORS LOOK BULLISH NOW! BEARS LOST! Well, after many weeks in agony waiting to see what Bitcoin actually does, I believe today is the day for me to pull the trigger. On this video you will hear about all the indicators yelling bullish signals. This inverse head and shoulders was confirmed for me and completed when it broke the neck line resistance on Valentines day Feb 14th, 2018, indicating a bullish reversal about to take effect. The average rise when this happens is approximately 38% up. So, I marked it and also used some Fibonacci retracement lines for some targets. In a way this sucks, because I really wanted to buy bitcoin at about 6k or lower, but unfortunately I didn't get that chance.. The charts are telling me something totally different despite my bias emotions of hoping it would go down. So I'm sticking with the charts and going all in today. The next major period when I believe FUD will occur may cause some panic selling with potentially the G20 Summit this year in Buenos Aires, Argentina Nov 30th, 2018. Germany and France and other countries will heavy regulate crypto which may cause some panic selling and we may see some lower lows. For now, I believe the growth or momentum will be slowly back up in a bullish trend some normal healthy dips... Per my observation, I believe the bear trend might be over! If I'm wrong then I guess I wont loose and neither will many others since you will be able to buy bitcoin much, much lower.. But based on my observation of these charts today don't count it! So, for now this agony and anticipation is over! I can finally chill out now and have some fun! If you enjoyed this video don't forget to like it.. Thanks, CryptoBuzzAnalysis PS. Disclosure: This is not financial or trading advice. You are responsible for you own actions and should do your own research.
COINBASE:BTCUSDLong
by CryptoBuzzAnalyst
1
EURUSD Continuation pattern under the necklineEURUSD Friday Update Although now flat on all pairs escept USDJPY, still believe EUR is going to weaken, just not convinced there's enough impetus right now to force it back lower into new lows with any real power behind it. It's either going to fail here, as it's back testing the neckline of the head and shoulders looming above it - high in London at 1.1671, so if you're still short from 1.1648-1.1665 with stop 15 points higher at 1.1680 it hasn't been hit yet and it probably will come off from here so it's Ok to short with same stops as above, at 1.1680 but only for 40 pips or so back to 1.1613 - then look to close out as it will likely rally again from around here (Unless you catch this short from the neckline at 1.1665 risk reward ratios are not worth chasing for these few pips - 2 to 1 shots are hardly worth the risk, imo, but you may be OK with that) ...we then need to see it trade 15 pips lower, to 1.1598 to trigger a new short, looking to get in on the next minor pull-back for a move down to 1.1482 initially. The other point where we can expect a reversal for EUR, if not from here, will be off the upper parallel and will require the following price action to become reality: Eur will have to break above the neckline at 1.1665, then bust the stop 15 pips higher. Time, then to switch into longs for a move up to the parallel where will look to go short once more. So far price action on this pair all week has been a continuation pattern under the neck-line, suggesting further weakness for EUR soon - but annoyingly the pattern can play out a while longer and this period of range trading within the range set out for the week so far could well persist for a day or two more - OK for day traders but no help for swingers... for them we need to see a break out of this week's range, as outlined above. Too long writing this...in the time it's taken EUR has already fallen 16 pips...too much waffle! But am out this afternoon Uk time so have tried to cover every eventuality I can see - too much information though. Will try to paraphrase in future
Short
by sumastardon